Global Radiology PACS Market Research Report

Picture Archiving and Communication System (PACS) is a medical imaging technology which provides efficient storage of and appropriate access to images from multiple imaging devices. Electronic images and reports are transmitted digitally via PACS, which help to eliminate the need of manual filing, data retrieval, or manual transport of film sheaths. Thus, creates a convenient and unique platform to the physicians to access imaging data.

The report analyzes global radiology PACS market by applications, deployment, component, products, end-users, and geography. The global radiology PACS market is estimated to grow at a CAGR of 4.0% from 2014 to 2019.

The report provides an in-depth analysis of market landscape and market trends information on the global radiology PACS market.

The report also provides comprehensive information on the key trends affecting and market landscape of this market.

Based on the geography, the global radiology PACS market includes regions such as; North America, Europe, Asia-Pacific, and Rest of the World (RoW). 

The report also provides in-depth market share analysis of the top companies based on revenue. The market figures have been calculated based on key facts, annual financial information from SEC filings, annual reports & interviews with industry experts, key opinion leaders such as CEOs, directors, and marketing executives. Detailed market share analysis of the major players in the Global Radiology PACS Market is covered in this report.  

The major companies in this market include; Agfa-Gevaert Group.  (Belgium), Koninklijke Philips N.V. (Netherlands), Carestream Health (U.S.), FUJIFILM Holdings Corporation  (Japan), Novarad Corporation (U.S.), McKesson Corporation (U.S.), General Electric Company (U.S.), and Siemens AG (Germany).

Factors such as, superior image quality, greater workflow efficiency, enhanced system integration capabilities, and growing need of automation in healthcare industry are responsible to encourage the growth of this market.  

However, factor such as hardware specificity, high cost of the technology, and compulsory need of professional assistance are restraining the growth of this market. Furthermore, the technological advancements, and interconnected PACS systems are creating new growth opportunities for this market.

North America accounted the largest share 48.3% of the Global Radiology PACS followed by Europe. This large share is attributed to factors such as; technological innovations, rising demand for radiology PACS from U.S. diagnostic industry in order to provide immediate and effective diagnosis to the patients. 

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