Cardiology PACS Market is estimated to be 563.0 Million by 2030 with a CAGR of 9.0% during the forecasted period.

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Published Date: March 2024

Along with the growth in the integration of technology in the healthcare industry, an increased number of advanced solutions are in demand for enhancing efficiency and quality in healthcare service delivery. Picture Archiving and Communication Systems (PACS) has wide-spread applications in the healthcare industry for obtaining meaningful insights about the human body and diseases.

The cardiology PACS market accounted for US$ 260.2 Million in 2020 and is estimated to be 563.0 Million by 2030 and is anticipated to register a CAGR of 9.0%. The report. "Global Cardiology PACS Market, By Component (Software, Hardware, and Services), By Deployment (Cloud and On-premise), By End-user (Hospitals & Clinics, Diagnostic Centres, Ambulatory Surgical Centres, Catheterisation Laboratories, and Others),and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2026”.

Analyst View:

Growing application of target market among end-user

Healthcare organizations can achieve improved image reading competence for carrying out cardiovascular processes, which is the major factor accountable for the growth of the cardiology PACS market. Additionally, cardiology PACS is beneficial in decreasing the physical barriers linked with traditional methods that utilizes film-based image retrieval, display and distribution. Further, other uses of cardiology PACS, which include lower complexities in IT integrations, easier cardio logical image exchange, stored patient data using cloud-based software and are also promoting the demand for the cardiology PACS market. With the help of cardiology PACS, hospitals, diagnostic centers, clinics, laboratories and others can decrease the physical efforts needed for keeping the hard copies of images, and this factor is propelling the growth of the cardiology PACS market.

Rising adoption of cloud-based cardiology PACS

Growth in the adoption of cloud-based cardiology PACS software is considered to be one of the major trends boosting the global cardiology PACS market. Companies involved in cardiology PACS are now lunching cloud-based technology in picture archiving and communication systems. Cloud-based cardiology PACS software is growing its adoption in healthcare organization benefiting physicians in order to communicate with each other from any location using the cloud-based deployment.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Cardiology PACS Market”, By Component (Software, Hardware, and Services), By Deployment (Cloud and On-premise), By End-user (Hospitals & Clinics, Diagnostic Centres, Ambulatory Surgical Centres, Catheterisation Laboratories, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:

The cardiology PACS market accounted for US$ 260.2 Million in 2020 and is estimated to be 563.0 Million by 2030 and is anticipated to register a CAGR of 9.0%. The market report has been segmented on component, deployment, end-user, and region.

By component, the global cardiology PACS market is segmented into software, hardware, and services.
By deployment, the target market is classified into cloud and on-premise.
By end-user, the target market is classified into hospitals & clinics, diagnostic centres, ambulatory surgical centres, catheterisation laboratories, and others.
By region, North America forecasts the global cardiology PACS market owing to growth in adoption of technologically advanced methods by the healthcare industry in this region. Western Europe is projected to be the second-biggest market generation followed by Eastern Europe in terms of revenue, as countries in this region are demanding cardiology imaging solutions in huge rate.

Competitive Landscape:

The prominent player operating in the global cardiology PACS market includes GE Healthcare, Fujifilm Medical Systems, Central Data Networks, AGFA Healthcare, Philips Healthcare, Medstreaming, Siemens Healthcare, Digisonics, INFINITT Healthcare, Sectra and IBM Corporation.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered