North American Departmental Picture Archiving & Communication System Market is Expected to Reach $1,906.5 Million by 2019

"This market is steadily progressing and driven by major factors, such need for integrated storage of standard-compliant imaging data, government initiatives favoring advanced information systems, and increased efficiency & income after adoption of PACS"

Departmental PACS (Picture Archiving and Communication Systems) is an image processing, storing and retrieval system. Hospitals need to maintain a faster processing and retrieval system to be more efficient. Also departmental PACS help in providing a huge storage space for the clinical images. However the increasing incidences of data breaches compromising the privacy and & security of imaging data inhibits the market and act as a challenge.

The type segment is further segmented into radiology PACS, cardiology PACS and other PACS, where radiology PACS contributes the largest market value. The components segment is further divided into services, software, and hardware, where the services segment has the largest market value. The deployment market is further segmented into web-based, on premise, and cloud based, where the web-based has the largest market value. The in-depth segmentation of the end-users segment for departmental PACS market is analyzed and segmented such as hospitals, physicians, labs among a few others.

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The major players profiled in the in the North American departmental PACS market report includes,

  • Carestream (U.S.),
  • Philips Healthcare (The Netherlands),
  • Agfa Healthcare (Belgium),
  • Fujifilm Healthcare (Japan),
  • GE healthcare (U.K.),
  • Siemens Healthcare(Germany), and
  • McKesson Corporation(U.S.).

U.S. is the largest contributor to this market with a market share of around 92.2% of the North American departmental PACS market, and is expected to grow at a CAGR of 10.5% during the forecast period. The U.S. is followed by Canada, which is the fastest growing in terms of CAGR of 11.4% during the forecast period. Mexico is a developing market with a growth rate of 7.8% during the same period. Advancements in biotechnology in the U.S. and Canada are driving the market for PACS in North America. For instance, there were 2,349 biotechnology companies, both private and public, in the U.S. and they raised $25.3 billion capital in 2013, which in turn will drive the market for departmental PACS in the country. Companies that offer departmental PACS in North America are majorly focusing on the strategy of expansion.

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The need for efficient data storage and archival technology, better government initiatives for the use of advanced health information technology are the major drivers of this market. On the other hand, factors such as rising data breach incidences, compromised privacy of patient data are restraining the growth of the market. The report gives comprehensive and detailed insights about the segments in particular countries in the geographic analysis chapter. It presents in-depth competitive landscape covering major developments in the region for last four years (2012 to 2015), and also the region specific company share analysis for the year 2014 (or 2013 in older reports).

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