LONDON–(BUSINESS WIRE)–Technavio has been monitoring the picture archiving and communication system market and it is poised to grow by USD 1.17 bn during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

What are the major trends in the market?

Increasing adoption of PACS by small hospitals and imaging centers is a major trend driving the market growth.

At what rate is the market projected to grow?

The year-over-year growth for 2020 is estimated at 5.60% and the incremental growth of the market is anticipated to be USD 1.17 billion.

Who are the top players in the market?

Agfa-Gevaert NV, Apollo Enterprise Imaging, Dell Technologies Inc., FUJIFILM Holdings Corp., General Electric Co., Intelerad Medical Systems Inc., Koninklijke Philips NV, Lexmark Healthcare, McKesson Corp., and Siemens Healthineers AG, are some of the major market participants

What is the key market driver?

The increasing demand for mobile PACS is the major factor driving the growth of the market

How big is the North America market?

The North America region will contribute 50% of the market share

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Agfa-Gevaert NV, Apollo Enterprise Imaging, Dell Technologies Inc., FUJIFILM Holdings Corp., General Electric Co., Intelerad Medical Systems Inc., Koninklijke Philips NV, Lexmark Healthcare, McKesson Corp., and Siemens Healthineers AG are some of the major market participants. The increasing demand for mobile PACS will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Picture Archiving and Communication System Market 2020-2024: Segmentation

Picture Archiving and Communication System Market is segmented as below:

Product

Mini PACS

Mid-end PACS

Enterprise PACS

Application

Radiology PACS

Cardiology PACS

Pathology PACS

End-user

Hospitals

Diagnostic Centers

Clinics

Geography

North America

Europe

Asia

ROW

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Picture Archiving and Communication System Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The picture archiving and communication system market report covers the following areas:

Picture Archiving and Communication System Market Size

Picture Archiving and Communication System Market Trends

Picture Archiving and Communication System Market Industry Analysis

This study identifies the increasing adoption of PACS by small hospitals and imaging centers as one of the prime reasons driving the picture archiving and communication system market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Picture Archiving and Communication System Market 2020-2024: Key Highlights

CAGR of the market during the forecast period 2020-2024

Detailed information on factors that will assist picture archiving and communication system market growth during the next five years

Estimation of the picture archiving and communication system market size and its contribution to the parent market

Predictions on upcoming trends and changes in consumer behavior

The growth of the picture archiving and communication system market

Analysis of the market’s competitive landscape and detailed information on vendors

Comprehensive details of factors that will challenge the growth of picture archiving and communication system market, vendors

Table of Contents:

Executive Summary

Market Landscape

Market ecosystem

Value chain analysis

Market Sizing

Market definition

Market segment analysis

Market size 2019

Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

Bargaining power of buyers

Bargaining power of suppliers

Threat of new entrants

Threat of substitutes

Threat of rivalry

Market condition

Market Segmentation by Product

Market segments

Comparison by Product

Mid-end PACS – Market size and forecast 2019-2024

Enterprise PACS – Market size and forecast 2019-2024

Mini PACS – Market size and forecast 2019-2024

Market opportunity by Product

Market Segmentation by Application

Market segments

Comparison by Application

Radiology PACS – Market size and forecast 2019-2024

Cardiology PACS – Market size and forecast 2019-2024

Pathology PACS – Market size and forecast 2019-2024

Market opportunity by Application

By End-user

Hospitals

Diagnostic centers

Clinics

Customer Landscape

Geographic Landscape

Geographic segmentation

Geographic comparison

North America – Market size and forecast 2019-2024

Europe – Market size and forecast 2019-2024

Asia – Market size and forecast 2019-2024

ROW – Market size and forecast 2019-2024

Key leading countries

Market opportunity by geography

Market drivers

Market challenges

Market trends

Vendor Landscape

Overview

Landscape disruption

Competitive scenario

Vendor Analysis

Vendors covered

Market positioning of vendors

Agfa-Gevaert NV

Apollo Enterprise Imaging

Dell Technologies Inc.

FUJIFILM Holdings Corp.

General Electric Co.

Intelerad Medical Systems

Koninklijke Philips NV

Lexmark International Inc.

McKesson Corp.

Siemens Healthineers AG

Appendix

Scope of the report

Currency conversion rates for US$

Research methodology

List of abbreviations 

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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