The North American Departmental Picture Archiving and Communication System (PACS) Market is Expected to Grow at a CAGR of 4% from 2014 to 2019

FORT WORTH, Texas, December 10, 2014 /PRNewswire/ --

The North American Departmental PACS market accounted for $1427 million in 2013, which is expected to grow at a CAGR of 4% from 2014 to 2019. The U.S. accounted for the largest market share of 92% of the North America Departmental PACS market in 2013 owing to regulatory reforms, rising number of hospital consolidations, and growing imaging volumes. Increasing demand for standard-based medical image archiving and non-dicom content management fuels the growth of the Departmental PACS market in North America

Browse through the TOC of North American Departmental Picture Archiving and Communication System (PACS) market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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Departmental Picture Archiving and Communication Systems (PACS) have reduced the physical and time barriers associated with traditional film-based image retrieval, distribution, and display. The Departmental Picture Archiving and Communication System (PACS) has widespread applications in hospitals and clinics as it eliminates the need to maintain hard copies of images and replaces them with digital storage. Cloud-based PACS solutions are the latest market developments, which are estimated to gain a significant market share in the next five years. In the delivery mode segment, on-premise forms the largest segment of the overall market, as it is perceived to offer better control and secure sharing of data.

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The North American Departmental PACS market report defines and segments the concerned market in this region, with an analysis and forecast of revenue. The market is classified on the basis of components, deployments, end-users, and applications. Furthermore, the market is sub-segmented on the basis of geographies, which include the U.S., Canada, and Mexico.

Additionally, the market is also divided on the basis of key market players such as GE Healthcare (U.S.), McKesson Corporation (U.S.), Philips Healthcare (The Netherlands), Agfa HealthCare (Belgium), Siemens Healthcare (Germany), Carestream Health (U.S.), and Fujifilm Corporation (Japan).

 In addition to this, the report also provides the market share, value chain analyses, and market metrics that include upcoming opportunities in this market. In addition, it presents a competitive landscape and company profiles of key players in the market that include major companies of the market.

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The Global Departmental Picture Archiving and Communication System (PACS) market was valued at $2813.2 million in 2012, and is expected to reach $3753.1 million by 2018, at a CAGR of 4.9%.

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SOURCE MicroMarket Monitor