The North America Specialty PACS Market would witness market growth of 3.6% CAGR during the forecast period (2021-2027).
The PACS technology is a film-less department and thus, it is economical. The PACS systems play an important role in radiology since it is combined with the radiology information systems to improve the overall function of radiology department.
The major factor responsible for the growth of the PACS market includes increasing the use of visualization, opting for better collaboration between the imaging modals & IT structures, the benefits of PACS technology in the diverse medical fields. Moreover, the initiatives of the government to implement medical IT solutions, rising acceptance of medical imaging IT solutions, growing use of imaging equipment and increasing investment in diagnostic imaging are also contributing to the market growth.
The PACS development was financed by the federal government and the National Institute of Health along with the U.S. Army Medical Research & Materiel Command. PACS systems manufacturing in the North America region has passed through certain stages which included the introduction of large scale PACS, the establishment of DICOM & various other standards such as the development of early PACS technologies, the concept of enterprise PACS, Integrating the Healthcare Enterprise (IHE) workflow profiles.
The US market dominated the North America Specialty PACS Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $938.8 million by 2027. The Canada market is expected to witness a CAGR of 5.9% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 5% during (2021 - 2027).
Based on Deployment Model, the market is segmented into On premises and Cloud-based. Based on Type, the market is segmented into Radiology PACS, Orthopedics PACS, Oncology PACS, Pathology PACS, Ophthalmology PACS, Women’s health PACS, and Others. Based on End User, the market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Specialty PACS Market is Estimated to reach $3.6 Billion by 2027, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Novarad Enterprise Healthcare Solutions, Escalon Medical Corp., IBM Corporation, Siemens AG, Canon, Inc., INFINITT Healthcare Co. Ltd., Koninklijke Philips N.V., McKesson Corporation, Carestream Health, Inc., and Topcon Corporation.
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