PACS Market to US$ 5 Billion By 2022

| December 19, 2017

By Market Research Engine

Florida, December 18, 2017: The Global Departmental PACS Market is segmented on the lines of its application, deployment, component and regional. Based on application segmentation it covers computed tomography, MRI, ultrasound, C-Arms, nuclear imaging, digital radiography and computed radiography. Under deployment segmentation it covers web-based, on-premise and cloud based. Based on component segmentation it covers software, hardware and services. The Global Departmental PACS Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

Picture archiving and communication system is the main technology that forms an essential element of imaging informatics. These systems currently manage, control, and keep most of the clinical imaging statistics along other patient data in a healthcare system. The need for a patient centric and general based storage solution and image management is on the grow. Departmental picture archiving and communication system is an image processing, retrieval and storing machine. Departmental picture archiving and communication system help in supplying a massive storage space for the clinical images.

How Big is The Global Departmental PACS Market?

The Global Departmental PACS Market is expected to exceed more than US$ 5.05 Billion by 2022 at a CAGR of 10% in the given forecast period.

The major driving factors of Global Departmental PACS Market are as follows:

  • Increasing government projects encouraging the use of higher data storage technology
  • Demand for cloud-based PACS
  • Reduction in the cost of archiving and storage
  • Flexibility in technology adoption as compared to traditional PACS
  • Rising need for integrated and efficient data storage

The restraining factors of Global Departmental PACS Market are as follows:

  • Growing frequency of data breaches conciliation the privacy and safety of imaging data
  • Compromised privacy of patient data
  • Declining penetration rate of PACS
  • Expensive installation and operating costs
  • Complexity of PACS technology
  • Lack of harmonization

Lack of harmonizatio

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