According to a new report Global Specialty PACS Market, published by KBV research, The Global Specialty PACS Market size is expected to reach $3.6 billion by 2027, rising at a market growth of 4.9% CAGR during the forecast period.
The Cloud-based market shows high growth rate of 7.5% during (2021 - 2027). In cloud-based specialty PACS systems, everything is hosted in a centrally managed data center offsite instead of locating & managing hardware at the facility which surges the demand for cloud-based specialty PACS systems in the market.
The Radiology PACS market acquired maximum revenue share in the Global Specialty PACS Market by Type 2020, thereby, achieving a market value of $1.1 billion by 2027. The major factors driving the growth of the segment are increasing demand for radiology PACS, increasing awareness regarding chronic diseases, the introduction of effective products which provide better outcomes, and continue advancements in PACS systems.
The Hospitals & Clinics market is generating high growth rate of 4.8 % during the forecast period. It is due to the rising number of hospitals in both the developed & developing countries, the increasing number of hospital visitors for diagnoses, and improvements in medical infrastructure & healthcare facilities.
The North America market is the fastest growing region in the Global Specialty PACS Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.3 billion by 2027. The Europe market is expected to witness a CAGR of 4.2% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 6.7% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/specialty-pacs-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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