Departmental PACS Market is Expected to Reach $3,807.4 Billion by 2019, at a CAGR of 10.0% From 2014 to 2019

May 28, 2015, 08:30 ET from MicroMarket Monitor

FORT WORTH, Texas, May 28, 2015 /PRNewswire/ --

The global departmental PACS market research report covers regions such as North America, Europe, Asia, and rest of the world (RoW). The global departmental PACS market is expected to reach $3,807.4 million by 2019, at a CAGR of 10.0% between 2014 and 2019.

Browse through the TOC of global departmental PACS market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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Picture Archiving and Communication System (PACS) is the major technology that forms an integral part of imaging informatics. These systems currently control, manage, and store most of the medical imaging data along with other patient information in a healthcare system. The need for a patient-centric and standard-based image management and storage solution is on the rise. Departmental PACS 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.

The global departmental PACS market is driven by factors such as increasing need for efficient and integrated data storage, and rising government initiatives encouraging the use of advanced data storage technologies. North America is the largest contributor to the global departmental PACS market, owing to the rising patient base of the region which drives the need to develop efficient data storage and archival technologies. Asia is the fastest growing region in this market. The trend is expected to remain the same during the forecast period.

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The global departmental PACS market has been segmented by product, deployment, component, end user, and by country. The regions covered in this report are North America, Europe, Asia and rest of the world (RoW). This report also includes the market share and market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market, including major companies of the market.

Some of the companies profiled in this report are, Agfa Healthcare (Belgium), Carestream Health (U.S.), GE Healthcare (U.K.), Philips Healthcare (The Netherlands), McKesson Corporation (U.S.), FujiFilm Healthcare (Japan), Siemens Healthcare (Germany), and others.

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The North America Departmental PACS Market is estimated to grow at a CAGR of 10.6% for the forecast period from 2014 to 2019.

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.

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