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Specialty Picture Archiving and Communication Systems (PACS) - Global Market Trajectory & Analytics

  • ID: 5303498
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Agfa Healthcare
  • Carestream Health
  • Infinitt North America
  • McKesson Corporation
  • Philips Healthcare
  • Siemens Healthineers
Global Specialty Picture Archiving and Communication Systems (PACS) Market to Reach $3.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Specialty Picture Archiving and Communication Systems (PACS) estimated at US$2.6 Billion in the year 2020, is projected to reach a revised size of US$3.1 Billion by 2027, growing at a CAGR of 2.8% over the analysis period 2020-2027. Software, one of the segments analyzed in the report, is projected to record a 2.8% CAGR and reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 2.3% CAGR for the next 7-year period.





The U.S. Market is Estimated at $698.5 Million, While China is Forecast to Grow at 4.3% CAGR

The Specialty Picture Archiving and Communication Systems (PACS) market in the U.S. is estimated at US$698.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$591.2 Million by the year 2027 trailing a CAGR of 4.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.

Services Segment to Record 3.2% CAGR

In the global Services segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$505.4 Million in the year 2020 will reach a projected size of US$622.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$395.2 Million by the year 2027, while Latin America will expand at a 3.5% CAGR through the analysis period.

Select Competitors (Total 40 Featured):
  • Agfa Healthcare
  • Canon USA, Inc.
  • Carestream Health
  • EyePACS, LLC
  • Infinitt North America
  • Intelerad Medical Systems
  • McKesson Corporation
  • Merge Healthcare Incorporated
  • Novarad
  • Philips Healthcare
  • Sectra AB
  • Siemens Healthineers
  • Sonomed Escalon
  • Topcon Corporation
  • Visbion
Frequently Asked Questions about the Global Market for Specialty Picture Archiving and Communication Systems (PACS)

What is the estimated value of the Global Market for Specialty Picture Archiving and Communication Systems (PACS)?

The Global Market for Specialty Picture Archiving and Communication Systems (PACS) was estimated to be valued at $2.6 Billion in 2020.

What is the growth rate of the Global Market for Specialty Picture Archiving and Communication Systems (PACS)?

The growth rate of the Global Market for Specialty Picture Archiving and Communication Systems (PACS) is 2.5%, with an estimated value of $3.1 Billion by 2027.

What is the forecasted size of the Global Market for Specialty Picture Archiving and Communication Systems (PACS)?

The Global Market for Specialty Picture Archiving and Communication Systems (PACS) is estimated to be worth $3.1 Billion by 2027.

Who are the key companies in the Global Market for Specialty Picture Archiving and Communication Systems (PACS)?

Key companies in the Global Market for Specialty Picture Archiving and Communication Systems (PACS) include Agfa Healthcare, Canon USA, Inc., Carestream Health, EyePACS, LLC, Infinitt North America, Intelerad Medical Systems, McKesson Corporation, Merge Healthcare Incorporated and Philips Healthcare.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Agfa Healthcare
  • Carestream Health
  • Infinitt North America
  • McKesson Corporation
  • Philips Healthcare
  • Siemens Healthineers
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 40
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Agfa Healthcare
  • Canon USA, Inc.
  • Carestream Health
  • EyePACS, LLC
  • Infinitt North America
  • Intelerad Medical Systems
  • McKesson Corporation
  • Merge Healthcare Incorporated
  • Novarad
  • Philips Healthcare
  • Sectra AB
  • Siemens Healthineers
  • Sonomed Escalon
  • Topcon Corporation
  • Visbion
Note: Product cover images may vary from those shown