Unlocking Opportunities in the Specialty PACS Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of theSpecialty PACS Market?
The expected expansion of the specialty PACS market is linked to an increasing emphasis on telemedicine. Telemedicine involves remote medical service provision using technological tools such as phone calls, video calls, and other electronic forms of communication. The functionality of specialty PACS is tied to this growing telemedicine trend, as these systems are vital for providing remote medical imaging access, promoting collaborative diagnosis processes, and enhancing patient care in several medical fields, including radiology. The Australian Bureau of Statistics, a governmental organization based in Australia, reported in November 2023 that 23.6% of individuals had a virtual health consultation with a general practitioner (GP). Consequently, this increasing attention to telemedicine is fueling the expansion of the specialty PACS market.
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#What is the Growth Potential of the Specialty PACS Market, and How Will It Perform by 2034?
Recent years have marked a significant expansion in the market size of specialty PACS. This growth is projected to continue, increasing from a worth of $3.16 billion in 2024 to reach $3.37 billion in 2025, a process propelled by a compound annual growth rate (CAGR) of 6.4%. Factors bolstering this development in the historic timeframe include a greater emphasis on visualization, rapidly growing adoption of cloud-based solutions, an increased concentration on medical imaging in developing economies, an aging population, and ascendant healthcare spending.
The market size of specialty pacs is projected to experience notable growth in the coming years, expanding to $4.11 billion in 2029 with a compound annual growth rate (CAGR) of 5.1%. This growth expected in the forecast period can be credited to the surge in telemedicine and remote diagnostics, government policy interventions and regulations, a higher occurrence of chronic diseases, and rising healthcare costs. Main trends to look forward to in the forecast time frame comprise of the incorporation of artificial intelligence (AI), expansion of cloud-based PACS operations, the advancement of telemedicine and teleradiology, improved security facets, customization, and niche-specific solutions.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theSpecialty PACS Market?
Leading companies in the specialty PACS market are shifting their focus towards product advancements and enrichments, integrating artificial intelligence (AI) and machine learning (ML) into their systems to boost their market earnings. They are instrumental in ushering the Picture Archiving and Communication System (PACS) towards a new generation of cloud-based AI-aided tools for clinical support. For instance, the Koninklijke Philips N.V., a tech firm based in the Netherlands, took crucial strides in November 2023 by launching HealthSuite Imaging on Amazon Web Services (AWS). Their focus is to push next-gen picture archiving and communication systems (PACS) towards the cloud and foster the advancement of AI-assisted tools beneficial to clinicians. Their cloud system is specifically designed to streamline the adaption of novel capabilities, enhance operational efficacy, and improve patient care among radiologists and clinicians. Through AWS, Philips plans to accelerate image access speeds, ensure reliability and efficiently orchestrate data for healthcare professionals throughout the imaging workflow cycle from treatment to follow-up. Their partnership with AWS also offers potential advancements in AI in healthcare, employing fundamental models using Amazon Bedrock to expedite accurate diagnoses and automate administrative tasks.
Who Are the Key Market Players Influencing the Growth of the Corn and Specialty PACS Industry?
Major companies operating in the specialty PACS market are McKesson Corporation, Siemens AG, International Business Machines Corporation, Oracle Corporation, Canon Inc., Fujifilm Holdings Corporation, Koninklijke Philips N.V., Topcon Corporation, Neusoft Medical Systems Co. Ltd., Carestream Health Inc., Onex Corporation, Agfa HealthCare NV, Hitachi Healthcare Systems Inc., Sectra AB, Intelerad Medical Systems Inc., INFINITT Healthcare Co. Ltd., NantHealth Inc., Advanced Data Systems Inc., Mach7 Technologies Ltd., Novarad Corporation, Telemis S.A., Escalon Medical Corp., Sonomed Escalon Solutions Inc., EyePACS LLC, Visbion Limited
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Which Key Market Segments Comprise the Specialty PACS Market and Drive Its Revenue Growth?
The specialty PACS market covered in this report is segmented –
1) By Type: Radiology PACS, Cardiology PACS, Pathology PACS, Ophthalmology PACS, Orthopedics PACS, Oncology PACS, Dermatology PACS, Neurology PACS, Endoscopy PACS, Women’s Health PACS
2) By Deployment Model: On-Premise, Cloud-Based
3) By End-User: Hospitals, Ambulatory Surgery Centers And Clinics, Diagnostic Imaging Centers
Subsegments:
1) By Radiology PACS: Diagnostic Imaging PACS, Workflow Management PACS
2) By Cardiology PACS: Cardiac Imaging PACS, Electrocardiogram (ECG) PACS
3) By Pathology PACS: Digital Pathology PACS, Anatomic Pathology PACS
4) By Ophthalmology PACS: Retinal Imaging PACS, Optical Coherence Tomography (OCT) PACS
5) By Orthopedics PACS: Musculoskeletal Imaging PACS, Surgical PACS
6) By Oncology PACS: Radiation Therapy PACS, Oncology Imaging PACS
7) By Dermatology PACS: Skin Imaging PACS, Teledermatology PACS
8) By Neurology PACS: Neuroimaging PACS, EEG and EMG PACS
9) By Endoscopy PACS: Gastrointestinal Endoscopy PACS, Bronchoscopy PACS
10) By Women’s Health PACS: Mammography PACS, Obstetric And Gynecological Imaging PACS
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Which Regions Are Emerging as Leaders in the Specialty PACS Market?
North America was the largest region in the specialty PACS market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the specialty PACS market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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