Market Analysis and Insights: Asia Pacific (APAC) Departmental PACS Market

Asia Pacific (APAC) Departmental PACS Market By Product (Radiology PACS, Cardiology PACS, Others), Application (Computed Tomography, Ultrasound, MRI, C-Arms, Digital Radiography, Nuclear Imaging, Computed Radiography), Component (Services, Software, Hardware), Deployment (Web-Based, On-Premise, Cloud-Based), End User (Hospitals, Laboratories, Office Based Physicians), Country (China, India, Japan, South Korea, Singapore, Australia, Rest of APAC) - Trends and Forecast to 2026.

Asia Pacific (APAC) Departmental PACS Market is registering a healthy CAGR of 10.7% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed due to the surge in the technological advancements and innovations which is contributing to the growth of the market.

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Market Definition: Asia Pacific (APAC) Departmental PACS Market

PACS refers to the Picture Archiving and Communication System, a medical imaging technology which can provide access to images, departmental data and interpretations for various applications. It can reduce the burden of carrying the documents and hard copies by storing them in a digital format. The records stored can be accessed by the personnel who require the particular information from various locations. Combining with various automation systems in the institution premises is the main benefit of departmental PACS technology.

Competitive Analysis:

Asia Pacific (APAC) Departmental PACS Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Departmental PACS market for China, India, Japan, South Korea, Australia, Singapore and Rest of APAC.

Market Drivers

- Rise in the need for efficient data storage is driving the market growth
- The various initiatives taken by the government for healthcare technology is propelling the market growth
Market Restraints

- The surge in the data breeches is hindering the growth of the market
- The compromise in privacy of patient data is hampering the market growth
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Segmentation: Asia Pacific (APAC) Departmental PACS Market

By Product

- Radiology PACS
- Cardiology PACS
- Others
By Application

- Computed Tomography
- Ultrasound
- MRI
- C-Arms
- Digital Radiography
- Nuclear Imaging
- Computed Radiography
By Component

- Services
- Software
- Hardware
By Deployment

- Web-Based
- On-Premise
- Cloud-Based
By End User

- Hospitals
- Laboratories
- Office Based Physicians
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Key Developments in the Market:

- In April 2019, Mach7 Technologies Ltd. had received the contract for modernizing the PACS project of Sentara Healthcare. The Mach7 will implement its enterprise imaging platform for reconstructing and improving the project. This partnership will expand their market and it will improve the clinical experience as well as cost reduction.
- In March 2019, FUJIFILM Corporation had released its latest technology Synapse PACS version 5. It includes Enterprise viewer, 3D, cardiovascular, cloud services, RIS and Synapse VNA. It enables the smooth low of work with accuracy and speed. This launch had improves patient care as well as the productivity of the enterprises.
Key Market Competitors:

Few of the major market competitors currently working in the Asia-Pacific (APAC) departmental PACS market are GENERAL ELECTRIC, FUJIFILM Corporation, Epic Systems Corporation, Agfa-Gevaert Group, Siemens, McKesson Corporation, Koninklijke Philips N.V., Carestream Health and Mach7 Technologies Ltd., among others.

Research Methodology: Asia-Pacific (APAC) Departmental PACS Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

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