The global healthcare cloud picture archiving & communications system market is anticipated to grow from 2020 to 2027. This growth can be attributed to the enhanced patient data storage capacity of cloud-based PACS (picture archiving & communications system). The medical images obtained from advanced devices generally have large file sizes which may lead to overloading of data. To minimize the issue cloud-based PACS offer ample storage capacity. Furthermore, the cloud-based PACS provides secure data storage as these are less vulnerable to hardware damage, and hence patient data is safer. Moreover, rising demand for universalization of medical image storage in all formats & image archiving of patient data is anticipated to fuel healthcare cloud picture archiving & communications system market growth. Besides, technological advancement in health care solutions coupled with the co-existence of healthcare and IT services has fueled the market growth.
Rising prevalence of COVID-19 positive patients coupled with healthcare professional shortage due to imposed curfews heightened the need for improved healthcare. The ability to review images, analyze and transmit healthcare data, collaborate with clinical staff facilities during the crisis to ensure quality clinical outcomes has increased the demand for cloud-based PACS. Furthermore, increased flexibility for the physicians to access data, diagnostic images anywhere during the pandemic has further fueled the market growth.
On the basis of product, the healthcare cloud picture archiving & communications system market can be segmented into radiology, orthopedics, oncology, others. The radiology segment is expected to hold the dominant market share owing to the superior image quality provided by PACS that accelerates treatment procedures. The cloud-based PACS are gaining popularity in orthopedics, oncology, and other segments such as ophthalmology, etc due to enhanced system integration capabilities.
On the basis of end-users, healthcare cloud PACS can be segmented into hospitals, clinics, diagnostic centers. The incorporation of healthcare PACS in hospitals has propelled the segment market growth. This is because PACS solutions integrate with EMR/EHRs seamlessly and assist in the exchange of health information. Furthermore, the ability to deliver the complete suite of clinical tools & flexible business models coupled with greater workflow efficiency has fueled the growth in the market segment.
On the basis of region, North America, Europe, Asia Pacific, Latin America, and MEA are the five regional segments. North America will hold the dominant regional share followed by the European nations due to developed healthcare IT infrastructure, high digital literacy rates, and favorable government initiatives. For instance, the U.S. Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009, encourages the implementation of healthcare technology thus, increasing adoption & awareness among healthcare organizations. Asia Pacific region is expected to witness the fastest growth over the forecast period owing to the increasing healthcare investments & growing need for automation.
The key market players are Konica Minolta Healthcare Americas, Inc, Ambra Health, Carestream, UltraLinq, VEPRO, Telemis, RamSoft, Inc., INFINITT North America Inc., Core Sound Imaging, QUICKPACS, and PostDICOM. These market players are involved in strategic collaborations, new product launch coupled with regional expansion to strengthen their position amidst their competitors. For instance, in April 2020, Konica Minolta declared that the company’s latest healthcare image management solution, RedePACS is available for purchase in the U.S. market. This is expected to enhance the company’s market growth.
This report has a service guarantee. We stand by our report quality.
We are in compliance with GDPR & CCPR norms. All interactions are confidential.
Design an exclusive study to serve your research needs.
Get your queries resolved from an industry expert.
"The quality of research they have done for us has been excellent..."