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Posted by Sakshi Mishra on February 13th, 2020

The study on the global picture archiving and communications systems (PACS) market delves on the various growth propellers and inhibitors in this industry. The report analyzes collective market dynamics to provide you with reliable, well-research market forecasts in terms of overall market growth, revenue, application, and geographical share.  

This research report comprises an in-depth study of the value chain of the global PACS market to identify potential opportunities, as well as areas where growth in anticipated to be sluggish over the forecast period. The report makes use of Porter’s five forces analysis model to create a vivid landscape of the future competitiveness of market participants, threats from new systems and technologies, as well as the bargaining power of players and consumers in the picture archiving and communications systems (PACS) market. The PACS market research report also features a comprehensive Company Profiles section that gives users additional insights about the growth and development strategies of leading market participants, their financial standing, their pipeline products and technologies, and more.  

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Overview of the picture archiving and communications systems (PACS) market

 The picture archiving and communications systems (PACS) market has become integral to the overall medical imaging industry. ‘Picture archiving and communications systems’ (PACS) is a term used for medical or clinical imaging technologies that enable storage and exchange of images across multiple sources. PACS provides manageable, cost-effective access to stored images via different source modalities, which could include ultrasound, magnetic resonance imaging (MRI), X-ray plain film (PF), nuclear medicine, computed tomography (CT), as well as positron emission tomography (PET). 

With the growing usage of PACS, medical centers and clinics have been able to bring down the retrieval time and physical storage space required for conventionally-used film-based image retrieval. PACS has made it faster and easier for clinicians and technicians to distribute and display images, besides reducing the margin for human error. Thus, it is not surprising that the picture archiving and communications systems (PACS) market has grown on account of growing investments in PACS. A number of medical centers no longer need to invest in building storage and retrieval mechanisms for maintaining hard copies of medical images. PACS allows for digital storage in an easy-to-retrieve format.