Picture Archiving and Communication System Market Size to Grow by $ 1.17 bn During 2020-2024

Technavio has been monitoring the picture archiving and communication system market and it is expected to grow by $ 1.17 bn, accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Picture Archiving And Communication System Market: North America to lead market growth during the forecast period

• 50% of the market growth will originate from North America during the forecast period.
• Increasing adoption of pacs by small hospitals and imaging centers will be a key trend that will influence market growth significantly.
• The Increasing demand for mobile pacs will be a significant factor in driving the growth of the picture archiving and communication system market.

Picture Archiving And Communication System Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Agfa-Gevaert NV, Apollo Enterprise Imaging, Dell Technologies Inc., FUJIFILM Holdings Corp., General Electric Co., Intelerad Medical Systems Inc., Koninklijke Philips NV, Lexmark Healthcare, McKesson Corp., and and Siemens Healthineers AG. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Picture Archiving And Communication System Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive picture archiving and communication system market growth during the next five years
• Precise estimation of the picture archiving and communication system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the picture archiving and communication system market industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of picture archiving and communication system market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 6%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 1.17 bn through 2020-2024.
    
3. What is a key factor driving this market?
   {{driver_1} will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, Asia, and ROW are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   50% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are Agfa-Gevaert NV, Apollo Enterprise Imaging, Dell Technologies Inc., FUJIFILM Holdings Corp., General Electric Co., Intelerad Medical Systems Inc., Koninklijke Philips NV, Lexmark Healthcare, McKesson Corp., and and Siemens Healthineers AG.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Mini PACS, Mid-end PACS, and Enterprise PACS), Application (radiology PACS, cardiology PACS, and pathology PACS), End-user (hospitals, diagnostic centers, and clinics), and Geography (North America, Europe, Asia, and ROW)