Healthcare Cloud Picture Archiving & Communications System Market Estimated to Cross US$ 1.02 Bn by 2027

The increased patient data storage capacity of cloud-based PACS (picture archiving & communications system) due to ample storage space is the key contributor to the market growth.

COVID-19 has put PACS into the spotlight owing to the rising need for faster, easily accessible patient images and medical records, especially from CT and MRI. Cloud PACS on account of data resiliency, seamless scalability, cost efficiency, and real-time backup had an upper hand over on-premise PACS solutions enabling faster adoption even by mid-size facilities. This adoption trend is anticipated to continue in the near future, thereby providing a lucrative growth platform to the market in the coming few years.

The increasing prevalence of chronic diseases, such as cancer, cardiac disorders, and bone-related disorders, has fueled the demand for medical imaging for early diagnosis. These medical images obtained from technologically advanced devices are made up of large file sizes leading to overloading of data in the system. This overloading also slows down the system. Thus, to reduce such issues, healthcare organizations have increased the adoption of cloud-based PACS, thereby driving the market.

Cloud PACS enables healthcare professionals to access patients’ images directly from the cloud. This easy access has enhanced flexibility and efficiency leading to faster diagnosis and disease detection. Physicians and clinicians can review and analyze the stored images of the patients and transmit the related information by collaborating with the clinical staff. These associated benefits are further anticipated to expand the consumer base for the market in the near future.

Report Coverage

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Healthcare Cloud Picture Archiving & Communications System Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Healthcare Cloud Picture Archiving & Communications System market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The report includes thorough compilation of the quantitative analysis of the industry for the period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. This study includes a widespread analysis of the key segments of the industry. This analysis sheds light in the current trends and opportunities in the global Healthcare Cloud Picture Archiving & Communications System market.

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Regional Insights

North America dominated the market with a share of 42.4% in 2020. The market growth can be attributed to various factors such as the presence of key players in the region and high investment in healthcare expenditure. Besides, technological advancements and high disposable income are some of the factors expected to fuel market growth over the forecast period.

The market in Asia Pacific is predicted to expand at the fastest CAGR of 9.6% over the forecast period due to the constant upgradation of the healthcare infrastructure. Moreover, the rising adoption of PACS in healthcare facilities, coupled with the rapid expansion of manufacturing facilities in emerging countries, such as China and India, is further propelling the market growth.

Key Points of the Global Healthcare Cloud Picture Archiving & Communications SystemMarket Report:

• The report provides a basic overview of the Healthcare Cloud Picture Archiving & Communications System industry including its definition, applications, and manufacturing technology.
• The report also explores the major international players in detail. In this part, the report presents the company profile, product specifications, capacity, and production value up to’2027 year’, along with the market shares for each company.
• Through the statistical analysis, the study depicts the global market for Healthcare Cloud Picture Archiving & Communications System including capacity, production, production value, cost/profit, and supply/demand from an international perspective.
• Considering segmentation, the market is divided in terms of product, end-use, company, region, and other important aspects. Each of these categories forms an important base point for the competitive landscape analysis.
• The report then estimates the market development and trends of the Healthcare Cloud Picture Archiving & Communications System industry up to 2027.
• The report hints at crucial information associated with new market developments being undertaken in the Healthcare Cloud Picture Archiving & Communications System industry before evaluating its feasibility.

Competitive Analysis

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Healthcare Cloud Picture Archiving & Communications System market are included as given below:

Some of the prominent players in the Healthcare Cloud Picture Archiving & Communications 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

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

• By Application

• • Cardiology
  • Orthopedics
  • Ophthalmology
  • Oncology
  • Veterinary Medicine
  • Others
• By End-use
  • Hospitals
  • Diagnostic Centers
  • Others

Reasons to Purchase this Report:

• Estimates Healthcare Cloud Picture Archiving & Communications System development trends with SWOT analysis
• Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
• Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
• Market dynamics scenario, along with growth opportunities for players in the years to come
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

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