Global Specialty PACS Market is segmented By Type (Ophthalmology PACS, Radiology PACS, Orthopedics PACS, Other specialty PACS), By Deployment Model (On-premise specialty PACS, Web/Cloud-based specialty PACS), By End-User (Hospitals, Ambulatory Surgical Centers and Clinics, Diagnostic Imaging Centers, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Specialty PACS Market Overview
The Specialty PACS Market report analyzes the global market size, shares, recent trends, competitive intelligence, and future market outlook. Specialty PACS (Picture Archiving and Communication Systems) are medical imaging technologies that provide a platform for storing, managing, and retrieving medical images. The market is driven by the growing adoption of digital imaging technologies and the need for efficient and accurate management of medical images. Key players in the Specialty PACS Market include GE Healthcare, Philips Healthcare, Agfa-Gevaert Group, Fujifilm Holdings Corporation, and other prominent players operating in the market.
Picture archiving and communication system (PACS) is a medical imaging technology that is used primarily in healthcare organizations to store and digitally transmit electronic images and clinically relevant reports securely.
Specialty PACS Market Summary
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Type, By Deployment Model, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Specialty PACS Market Growth and Trends
The increasing geriatric population and advantages associated with specialty PACS will drive the market.
The increasing geriatric population will drive the Specialty PACS market in the forecast period
In 2019, there were around 703 million persons aged 65 years or over in the world. The projected number of older persons is to double to 1.5 billion in 2050. In the global population, the share of older persons in 2020 is 9.3 percent and is expected to increase to 16.0 percent in 2050. Specific problems associated with aging of the musculoskeletal system result from changes in both bone and soft tissues. Fractures related to age-related alterations in bone, such as osteoporosis and osteomalacia, cause significant morbidity. In the elderly, osteoarthritis is the most common musculoskeletal disease. Its presence has been reported radiographically in more than 80% of individuals older than 55 years, and it may be present in at least 40 million Americans.
In orthopedics, there was a shift from a single to a mixed profession and from a relatively static practice in interpreting images to a more flexible practice. Every orthopedic surgeon can view, and access images from anywhere at any time, including three-dimensional imaging which made it easier for surgeons to see, interpret the images, and their diagnostic skills became accessible to everyone. According to the respondents, the use of PACS has improved the dialogue with patients. This was necessary to explain the treatment options for the patient or the details of the disease. PACS, therefore, acts as an information and communications technology, and users require new knowledge and skills.
Advantages associated with specialty PACS will drive the market
The Picture Archiving and Communication System (PACS) has changed the game for healthcare organizations today. It is an invaluable tool that allows physicians to easily, and quickly share medical imaging reports electronically and in hospitals and medical facilities it is the standard system in place. Technology has greatly enhanced the quality of life, and it has also helped develop systems such as the PACS system. The main benefit of the PACS system is that it offers digital imaging that allows technicians to zoom in and have a closer look at images. It also allows the technicians to manipulate the images to allow better viewing and analysis, which is very helpful when diagnosing patients. The PACS system has drastically improved the efficiency of data management. Since it keeps track of all previous results electronically it reduces a significant number of duplicate images. This system’s best benefit is that it provides easy, quick access to patient images and reports. It allows tests to be performed easily, anywhere and the results can be shared electronically with other facilities as well. Through portable media, staff can also submit reports, transport or archive images, and view them. The standout benefit of this system is that it is extremely easy to use, enhances patient care in healthcare facilities as well as helps in storing and organizing picture data with its agnostic database, which is accessible and centralized.
Budgetary constraints will hamper the specialty PACS market
Limited credit availability and freezes on capital spending will force hospitals, ambulatory imaging centers, and orthopedic specialty practices to defer planned purchases of new and replacement systems despite growing imaging data volumes and increasing needs for advanced management and reporting capabilities. There are many models for funding the purchase and maintenance of a PACS. The specific nature of the budget depends on the model of acquisition. If the technology is purchased outright and owned by the institution it is known as the traditional purchase model. It is usually managed by the institution under a service contract arrangement with the vendor or a third party providing technical support.
The disadvantages of PACS are its cost, the need for specialized personnel for its installation and maintenance, user training, the possibility of breakdown, and data security issues. PACS has been used successfully in our cardiac ICU. We have shown the benefits in terms of time and cost-saving. If it is used all over the hospital, then substantial cost and manpower savings can be done. It has been used over the years in various hospitals in Europe and Japan.
COVID-19 Impact on Specialty PACS Market Growth
In March, PACS launched a diagnostic imaging learning platform for coronavirus cases. Studies show that chest computed tomography (CT) scans can detect COVID-19 even before the first symptoms begin to show. To monitor the disease and to help predict the outcome CT scans are important. Hence, specialty PACS will see growth in the market.
The ophthalmology PACS will dominate the specialty PACS market
Ophthalmology can join radiology and cardiology in the digital world, following the recent announcement of a PACS-ophthalmology solution. The system essentially digitizes the retinal, or fundus, cameras used as diagnostic tools by ophthalmologists, optometrists, and other medical professionals, particularly in detecting and monitoring diabetes. Before introducing the new modality, retinal images could only be captured on 35-mm film, a method implying darkrooms, developing chemicals, cutting and snipping, and reading cards distributed by hand or mail. The images can also be digitized, providing ophthalmologists with the same image transmission, viewing, and storage benefits previously available elsewhere only to PACS users.
FORUM® Enterprise1 from ZEISS is an eye care data management solution specifically designed for hospitals and large clinic groups to improve their workflow efficiency. It combines a full-blown ophthalmic PACS2 with ZEISS FORUM’s unique clinical features, such as its clinical displays and workplaces for Glaucoma and Retina pathologies. It seamlessly integrates with vendor-neutral archives (VNA), enables centralized user administration (LDAP), and supports single sign-on (SSO).
The on-premise model segment will dominate the market
On-premise means that a company keeps all of its IT infrastructure onsite, either managed by themselves or a third party. The Cloud means that it is housed offsite with someone else responsible for monitoring and maintaining it. All services are run, maintained, and managed from within the business on their hardware and server with on-premises infrastructures. While some businesses may choose to do this for compliance or security reasons, they often find it more expensive and less flexible.
An on-premise PACS consists of a server that is installed inside a facility with software installed on the server and the facility's computer. Images can be viewed over the local area network and outside the network via a secure connection.
The hospital segment dominated the market
The rising patient population, growing awareness about the benefits of early diagnosis, technological advancements in imaging modalities, and increasing digitization of patient data will drive the market in this segment.
Digital Imaging and Communications in Medicine (DICOM) is a protocol that allows the sharing of images and other medical information. It enables PACS technologies. The primary purpose of a PACS is to make the viewing of images easier and help in the management of medical data which is important. PACS technologies have been used in the healthcare industry for decades.
To meet the need of today’s technology, JPI Healthcare Solutions developed ExamVue PACS, a user-friendly viewing system. ExamVue PACS has become recognized for its intuitive interface, simple and fast workflow, and convenient diagnostic functions, in addition to interoperating with other devices using the DICOM protocol. JPI’s ExamVue PACS can be used in small clinics and larger practices with up to 10 viewers. This powerful software can be easily and quickly installed throughout the office both to show the patients their X-rays or perform their diagnoses in a private office. Features include easy image importation, image stitching, comparisons, and specialized ortho, chiro, and veterinary versions, each with their respective specialized tools.
Specialty PACS Market Geographical Share
North American region will dominate the market
Increasing medical imaging techniques and diagnostic centers will dominate the market in this region.
Early PACS development was financed mainly by the federal government along with the National Institutes of Health (NIH) and the U.S. Army Medical Research and Materiel Command. The evolution of PACS went through several stages. The earliest stages include the definition of large-scale PACS, the establishment of the DICOM, and other standards like the development of some early key PACS-related technologies, and PACS implementation strategies. The later stages were in the concept of enterprise PACS, IHE (Integrating the Healthcare Enterprise) workflow profiles, and ePR with image distribution. The current most exciting accomplishment is the development of a new field of medical imaging informatics.
Specialty PACS Market Companies
Major key players in the specialty PACS market are IBM Corporation (Merge Healthcare Incorporated), McKesson Corporation, Agfa Healthcare, Carestream Health (a part of Onex Corporation), Philips Healthcare, Sectra AB, Siemens Healthineers, Novarad, INFINITT North America, Intelerad Medical Systems, Topcon Corporation, Sonomed Escalo, Canon USA, Inc. (a subsidiary of Canon Inc.), Visbion, and EyePACS, Tianjin JingMing New Tech. Devp. Co., Ltd, HANSON MEDITEC CO., LTD and Huaian Meide Medical Instrument Co., Ltd.
Specialty PACS Market Key Companies to Watch
Agfa Healthcare
Overview: Across the globe, Agfa HealthCare, is transforming the delivery of care supporting healthcare professionals with effective, secure, and sustainable imaging data management. Focused on its robust and unified Enterprise Imaging Platform, it helps its clients improve productivity, manage resource allocation, and provide clinical confidence with patient-centric contextual intelligence. To drive an improved patient experience the technology speeds diagnoses. With their core commitment to delivering value, the technology suits multi-specialty requirements and standardizes secure workflows to collaborate seamlessly between departments and across geographies. With a proven record as innovators, in-depth medical knowledge, and strategic guidance, they enable clients to form the foundation for an effective health IT ecosystem.
Product Portfolio: The company focuses on product development to implement their best-of-suite imaging IT software solutions for the purpose-built to reduce complexity and support healthcare providers to achieve their clinical, operational, and business strategies.
Key Development: On March 10, 2021, with a volume of up to 50 million Euros the Agfa-Gevaert Group announced a share buyback program. This program allows shareholders to benefit from the sale of part of the HealthCare IT activities and shows the Group’s confidence in its ongoing transformation process.
