Healthcare Cloud Picture Archiving And Communication System Market Size, Share & Trends Analysis Report By Application (Cardiology, Orthopedics, Ophthalmology), By End Use, By Region. And Segment Forecasts, 2023 - 2030

Report Overview

The global healthcare cloud picture archiving and communication system market size was valued at USD 743.4 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.6% from 2023 to 2030. The rising need to store, manage, and transfer the ever-increasing healthcare data is a key factor propelling the adoption of these solutions. PACS (picture archiving & communications system) helps minimize the overloading of data and accelerates disease detection. Furthermore, the advancements in technology pertaining to healthcare solutions as well as the co-existence of healthcare and IT solutions have fueled the market growth. Cloud-based PACS offers secure and safe data storage.

This is because these PACSs are less vulnerable to damage caused by hardware, and thus patient data is secure. In addition, the increasing demand for universalization of clinical and medical image storage in all formats, coupled with the heightened usage of image archiving, is expected to propel market growth. Aging is considered to be the greatest risk factor for chronic conditions. The geriatric population is highly susceptible to chronic conditions. Thus, the increasing global geriatric population in both developed and developing nations is expected to propel market growth. The increasing prevalence of corona-positive patients, along with the shortage of healthcare professionals, owing to the imposed lockdowns, has increased the necessity for improved healthcare solutions.

The ability to analyze and further transmit healthcare data and information, review images and collaborate with clinical staff & healthcare professionals during the pandemic to ensure quality clinical outcomes has boosted and favored the demand for healthcare cloud-based PACS. Furthermore, rising physicians’ flexibility for patient data accession to diagnostic images anywhere during the pandemic has further propelled the market growth. The COVID-19 pandemic had a major impact on the market growth as in there was a high demand for faster and easier access to patient images & medical records, particularly from CT and MRI departments. Cloud PACS has an advantage over on-premise solutions in terms of data resiliency, seamless scalability, cost-effectiveness, and real-time backup, making it the most preferable solution for mid-size organizations.

Diagnostic imaging experts and healthcare providers are switching to cloud-native PACS solutions as imaging informatics develops to facilitate interoperability and optimize resources. Wherever information is required, the healthcare cloud PACS solutions can lower costs, support scalability, and offer secure, on-demand access, such factors help propel the market. Several manufacturers are also introducing such solutions to cater to the demand from end-use industries. For instance, in June 2023, Change Healthcare launched cloud-native PACS. A fully operated cloud-native software as a service (SaaS), Stratus Imaging PACS offers a safe, scalable solution at a simple cost per study. By switching to a fully operated cloud-native SaaS model, practices can save money on overhead and upkeep, offer dependable remote reading access, and take advantage of best practices in cybersecurity. Such innovations and upgradation in technology would likely drive the market over the forecast year.

Application Insights

The other segment accounted for the largest revenue share of 24.0% in 2022. It includes dentistry, dermatology, pathology, nuclear medicine, and clinical research. The increasing demand for medical images for the diagnosis of diseases on a daily basis is a major factor contributing to the growth of this segment. Furthermore, an increase in the prevalence of chronic diseases is a high-impact rendering driver for the segment, which may lead to the adoption of healthcare cloud PACS for disease control. Companies dealing in dentistry PACS include Paxera Health, Planmeca OY, INFINITT, CT-Dent, etc. Players in the pathology PACS segment include Sectra, Optomed, and others. In August 2021, GE Healthcare launched Edison True PACS, a workflow and diagnostic imaging solution. The solution is designed for radiologists who are dealing with high rates of staff retirements and burnout. The solution will be more productive and accurate while managing capital and IT resources as per the company.

The oncology segment is expected to grow at the fastest CAGR of 9.1% during the forecast period. This can be attributed to rising incidence and prevalence of cancer cases worldwide. As per the World Cancer Research Fund International (WCRFI) data in 2020, approximately 18.1 million cancer cases were estimated, and of these 8.8 million cases were in women and 9.3 million in men. Lung and breast cancer were the most common cancers worldwide. The growing number of cancer cases has led to an increased demand for efficient and reliable systems for managing oncology-related medical images, such as radiology scans, pathology slides, and other diagnostic imaging modalities. Cloud PACS provides a secure and centralized platform for storing, accessing, and sharing these critical images across healthcare facilities.

The cardiology segment is anticipated to grow at a rapid CAGR over the forecast period. Cardiology PACS can connect to cardiac imaging systems, patient Electronic Medical Records (EMR), Diagnostic Test (ECG), and cath lab hemodynamics systems, among others. They can help aggregate all cardiac patient data, waveforms, and images into one location. Technological advancements in this area are anticipated to fuel market growth over the projected period. The growth of the segment is a result of the rising prevalence of cardiac disorders, which is expected to have a significant impact on the adoption of the solutions. According to the American Heart Association in 2018, the death rate reported due to cardiac disorders in the U.S. was 217.1 per 100,000 population, which is also one of the leading causes of death in the country.

End-Use Insights

The hospital segment held the majority of the revenue share in 2022. These health organizations are currently advancing in terms of technology usage. Healthcare Cloud PACS is being used extensively in hospitals due to the rising number of complications in diseases. Furthermore, the increasing demand for early diagnosis is expected to propel the demand for Cloud PACS in hospitals. According to an article published by the American Hospital Association, the number of hospitals has increased from 6,146 in 2018 to 6,210 in 2019 in the U.S. Technologically advanced devices are widely being used in hospitals to provide better treatment to patients. These devices not only simplify the treatment procedures but also help in providing better, faster, and more accurate results.

Diagnostic centers are anticipated to be the fastest-growing segment over the forecast period. The PACS solutions seamlessly integrate with EMR/EHRs as well as help in the exchange of patient health-related information. Moreover, the ability of PACS to deliver a comprehensive suite of clinical tools has increased workflow efficiency. Such factors are driving the growth in the segment. Moreover, technological advances in healthcare owing to rising R&D in the field of medicine are anticipated to fuel demand for healthcare cloud PACS. Increasing adoption of Cloud-based Picture Archiving and Communications Systems in research labs due to its growing application scope across medical specialties, such as orthopedics, neurosurgery, oncology, & cardiology, fuels market growth.

Regional Insights

North America dominated the market and accounted for the largest revenue share of 39.1% in 2022. The market growth can be attributed to various factors, such as the presence of key players in the region and high investment in health care expenditure. In addition, technological advancements and high disposable income are some of the factors expected to fuel market growth over the forecast period. The presence of well-established healthcare infrastructure & high per capita healthcare expenditure in the U.S. is a major driver contributing to the high adoption of advanced healthcare technology. According to the  American Medical Association, the U.S. healthcare expenditure increased by 2.7% in 2021 to USD 4.3 trillion, or USD 12,914 per person, and is expected to remain high in the near future.

Asia Pacific is expected to grow at the fastest CAGR of 10.0% during the forecast period. Many countries in the Asia Pacific region are investing heavily in healthcare infrastructure development, including the implementation of digital healthcare solutions. This focus on modernizing healthcare systems creates opportunities for the adoption of cloud-based PACS, which offer cost-effective and scalable solutions for medical image storage and access.

Competitive Insights

Market players are involved in business activities, such as strategic collaborations, new product launches, and regional expansion, as emerging countries are still in the loop of adopting Healthcare Cloud PACS. In April 2023, Koninklijke Philips N.V. and AWS expanded their partnership to advance the use of artificial intelligence (AI) in healthcare by utilizing Amazon Bedrock Foundation Models to hasten the creation of cloud-based generative AI applications that will provide clinical decision-making, automate administrative tasks, and facilitate more precise diagnoses. In April 2020, Konica Minolta Healthcare Americas launched a new medical image management solution for specialty clinics called Rede PACS and Rede Mini PACS. This enhanced the company’s portfolio. Furthermore, in March 2020, Ambra Health partnered with Perspectum, a leading developer of medical image analysis technologies. This enabled the integration of the company’s Cloud PACS solution with the latter’s flagship product called LiverMultiScan. Such initiatives are expected to present this market with future growth opportunities. Some of the key participants in the global healthcare cloud picture archiving and communication system market include:

• Konica Minolta Healthcare Americas, Inc.

• Ambra Health

• Koninklijke Philips N.V.

• UltraLinq

• VEPRO AG

• Telemis S.A.

• RamSoft, Inc.

• INFINITT North America, Inc.

• Core Sound Imaging, Inc.

• QUICKPACS

• PostDICOM

Healthcare Cloud Picture Archiving And Communication System Market Report Scope

Global Healthcare Cloud Picture Archiving And Communication System Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global healthcare cloud picture archiving and communication system market based on application, end-use, and region:

• Application Outlook (Revenue in USD Million, 2018 - 2030)

  • Cardiology

  • Orthopedics

  • Ophthalmology

  • Oncology

  • Veterinary Medicine

  • Others

• End-use Outlook (Revenue in USD Million, 2018 - 2030)

  • Hospitals

  • Diagnostic Centers

  • Others

• Regional Outlook (Revenue in USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • Spain

    • France

    • Italy

    • Sweden 

    • Norway

    • Denmark

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait