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.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
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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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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Picture Archiving and Communication System Market 2020-2024: Segmentation
Picture Archiving and Communication System Market is segmented as below:
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Product
- Mini PACS
- Mid-end PACS
- Enterprise PACS
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Application
- Radiology PACS
- Cardiology PACS
- Pathology PACS
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End-user
- Hospitals
- Diagnostic Centers
- Clinics
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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 overview
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
- Overview
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.
