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What key factors are powering the surge in the specialty pacs market right now?

The specialty PACS market has grown steadily in recent years and is anticipated to rise from $3.16 billion in 2024 to $3.37 billion in 2025 at a CAGR of 6.4%. Key drivers of past growth include the increasing role of visualization technologies, greater adoption of cloud-based solutions, enhanced focus on medical imaging in emerging economies, a growing geriatric population, and rising healthcare expenditure.

How fast Is the specialty pacs market expected to grow, and what’s its future value?

The specialty PACS market is set for steady growth, reaching $4.11 billion in 2029 at a CAGR of 5.1%, supported by telemedicine adoption, government regulations, rising chronic disease cases, and increasing healthcare spending. Emerging trends include AI-driven PACS, cloud-based solutions, telemedicine growth, enhanced security, and customization for specialty-specific applications.

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What are the leading drivers of growth in the specialty pacs market?

The expansion of the specialty PACS market is anticipated to be fueled by an increased emphasis on telemedicine. Telemedicine involves delivering healthcare services from a distance using various technological platforms, such as phone discussions, video conferencing, and other digital communications. The functionality of specialty PACS is directly associated with this increasingly significant role of telemedicine, as these systems play a critical role in enabling remote viewing of medical images, promoting teamwork in diagnostics, and enhancing patient care in numerous medical fields, including radiology. To illustrate, the Australian Bureau of Statistics, an official Australian governmental body, revealed in November 2023 that 23.6% of individuals had a remote health consultation with a general practitioner (GP). Therefore, the focus shift towards telemedicine stands as a key driver in the progression of the specialty PACS market.

What are the key segments defining the specialty pacs market?

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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Who are the key players steering the development of the specialty pacs market?

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

What emerging trends are influencing the growth of the specialty pacs market?

Leading firms in the specialty PACS market are concentrating their efforts on product innovation, incorporating aspects such as artificial intelligence (AI) and machine learning (ML) in an effort to boost their market revenues. The integration of AI and ML is targeted at propelling the next iteration of Picture Archiving and Communication System (PACS) onto the cloud while also refining AI-enabled tools to aid clinicians. For example, Koninklijke Philips N.V., a tech company based in the Netherlands, launched HealthSuite Imaging on Amazon Web Services (AWS) in November 2023. This initiative was designed to push the next wave of PACS to the cloud while enhancing AI-supported tools for clinicians. This cloud-based system is aimed at enabling radiologists and clinicians to quickly adopt emerging functionalities, boost operational efficiency, and improve patient care. By utilizing AWS, Philips is looking to offer faster image access speeds, dependable services, and superior healthcare data orchestration throughout the entire imaging workflow, from treatment to follow-up. Furthermore, Philips’ partnership with AWS will propel AI advancements in the healthcare sector by using Amazon Bedrock’s foundational models to expedite more accurate diagnoses and automate clerical tasks.

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Which regions are most influential in expanding 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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