Global Specialty PACS Market Trends, Demand, Future Opportunity Outlook

The incidence of various diseases, advantages associated with specialty PACS, government initiatives to increase the adoption of healthcare IT solutions, growing investments in medical imaging, rising adoption of medical imaging IT solutions, and increasing use of imaging equipment. On the other hand, budgetary constraints are expected to limit market growth during the forecast period.


Based on the type, the specialty PACS market is segmented into radiology PACS, cardiology PACS, pathology PACS, ophthalmology PACS, orthopedics PACS, oncology PACS, dermatology PACS, neurology PACS, endoscopy PACS, women’s health PACS, and other specialty PACS. The radiology PACS segment accounted for the largest share of the market in 2018; however, the ophthalmology PACS segment is expected to register the highest CAGR of during the forecast period.


The increasing prevalence of eye diseases and disorders, the growing number of ophthalmic surgeries performed, and technological advancements in ophthalmology devices are some of the factors driving the growth of this segment.


The on-premise segment is expected to account for the largest share of the market. This can be attributed to the easily customizable nature of on-premise solutions, as compared to web/cloud-based specialty PACS.


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Based on the end-user, the medical market is segmented into hospitals, ambulatory surgery centers (ASCs) clinics, diagnostic imaging centers, and other end-users. The rising patient population, growing awareness about the benefits of early disease diagnosis, technological advancements in imaging modalities, increasing digitization of patient data, and rapid growth in EMR adoption are some significant factors responsible for the large share and fastest growth.


However, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Factors such the increasing incidence of chronic diseases, rising awareness on the benefits of early disease diagnosis, and growing adoption of imaging modalities are some of the factors driving the growth of market in this region.


Key Players in the Global Specialty PACS Market

IBM Corporation (Merge Healthcare Incorporated) (US), McKesson Corporation (US), Agfa Healthcare (Belgium), Carestream Health (a part of Onex Corporation) (Canada), Philips Healthcare (Netherlands), Sectra AB (Sweden), Siemens Healthineers (Germany), Novarad (US), INFINITT North America (US), Intelerad Medical Systems (Canada), Topcon Corporation (Japan), Sonomed Escalon (US), Canon USA, Inc. (US) (a subsidiary of Canon Inc.), Visbion (UK), and EyePACS, LLC (US).


The strategy of effectively utilizing RD activities and its global onshore-offshore engineering services has enabled the company to expand and accelerate the innovation of new products and enter new markets.


The company regularly participates in relevant conferences, exhibitions, seminars, trade fairs, and other related events to strengthen and widen its brand recognition. The company also pursues the strategy of partnerships, collaborations, and acquisitions. Merge entered into a partnership with several medical providers and imaging technology companies in June 2016. This is a benchmark event for the company’s imaging technologies business.


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Market Research Developments

In April 2019, Sectra and Deventer Hospital (Netherlands) signed a contract to install Sectra’s PACS solutions across the radiology and nuclear medicine departments at the Deventer Hospital.


In February 2019, Agfa HealthCare and Noordwest Ziekenhuisgroep (Netherlands) entered into a collaboration, to optimize patient care by implementing Agfa’s enterprise imaging solutions


In February 2018, Change Healthcare signed a contract with the United States Defense Logistics Agency, to provide more than 3,000 installations of enterprise imaging solutions, including diagnostic imaging and workflow products, picture archiving and communication systems (PACS), radiology solutions, and cardiovascular imaging systems.


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