Picture Archiving and Communication System Market Research Report covers the present scenario and the growth prospects of the Picture Archiving and Communication System Industry for 2017-2021. Picture Archiving and Communication System Market, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Picture Archiving and Communication System globally.
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The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Picture Archiving and Communication System Market:
- GE Healthcare
Other Prominent Vendors of Picture Archiving and Communication System Market Are:
- Apollo Enterprise Imaging
- Ashva Digital Healthcare
- Carestream Health
- Esaote SpA
- INFINITT Healthcare
- Insignia Medical Systems
- Intelerad Medical Systems
- Lexmark Healthcare
- Mach7 Technologies
- Meddiff Technologies
- Merge Healthcare (part of IBM company)
PACS systems are being connected through cloud-based systems that connect the healthcare system under a single network. PACS are now being integrated with cloud-based systems for efficient image sharing and patient care in medical facilities. Cloud-based PACS enables reduction in cost of films, storage, and archival of medical images. These systems help in connecting multi-modalities of imaging systems and increase physician access to patient databases.
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According to the report, medical imaging devices form a crucial part of the healthcare sector, which has undergone a transition over a period; film based x-ray systems are being replaced by digital radiography system for better image quality and faster diagnosis results. The changing healthcare scenario across the world has promoted the use of EHR systems for patient monitoring and data management. Developing countries such as the US, Germany, France has good medical infrastructure, along with reimbursement policies for medical examination. The market penetration of smartphones is increasing, which exerts a positive effect on the healthcare IT sector. About 70% of the world population uses iOS and Android application for healthcare consultation. This enables healthcare providers to reduce paperwork and time, enhance patient interaction, and provide efficient care. Government funding and other policies worldwide for networking systems in medicine helps in integrating the healthcare IT sector with the IT enabled world. Increasing government spending in the healthcare IT sector and advent of efficient data management solutions are the potent drivers of the market.
Report also presents Geographical Segmentation analysis of Picture Archiving and Communication System Market of Americas, APAC, EMEA region.
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Further, the report states that the adoption rate of PACS in increasing due to the migration of medical imaging modalities under cloud-based application systems. PACS installation requires high investment. In addition, cost for renovation incurs additional cost. This is a major adoption constraint for small medical facilities with limited budget. In emerging markets, there is inadequate hospital infrastructure, which increases cost of installation of PACS. Therefore, vendors are introducing cost-effective PACS such as mini-PACS in the market. Also, PACS is a long-term investment in the medical sector and requires periodical service for proper functioning, which involves additional costs. Therefore, the high cost becomes one of the challenge in the global PACS market, owing to which the medical facilities in emerging market suffers.
Key questions answered in Picture Archiving and Communication System market report:
- What will the Picture Archiving and Communication System market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving Picture Archiving and Communication System market?
- What are the challenges to Picture Archiving and Communication System market growth?
- Who are the key vendors in Picture Archiving and Communication System market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
No of Pages: 100
Price of Report: $ 3500 (Single User License)
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