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Picture Archiving and Communication Systems (PACS) - Global Opportunity Assessment, Competitive Landscape and Market Forecasts to 2017

GlobalData
January 9, 2012
103 Pages - SKU: GBDT6748845

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Picture Archiving and Communication Systems (PACS) - Global Opportunity Assessment, Competitive Landscape and Market Forecasts to 2017

Summary

GlobalData’s new report, “Picture Archiving and Communication Systems (PACS) - Global Opportunity Assessment, Competitive Landscape and Market Forecasts to 2017” provides key data, information and analysis on the global Picture Archiving and Communication Systems (PACS) market. The report provides market landscape, competitive landscape and market trends information on the PACS market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market’s dynamics. The report also reviews the competitive landscape and technology offerings.

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.

Scope

Key geographies covered include the US, Canada, the UK, Germany, France, Italy, Spain, Japan, China, India, Australia, and Brazil.
Key segments covered include Cardio PACS, Endo PACS, Oncology PACS and Radiology PACS.
Annualized market revenues data from 2003 to 2010, forecast forward for seven years to 2017. Company shares data for 2010.
Qualitative analysis of key market trends, market drivers, and restraints within the PACS market.
The report also covers information on the leading market players, the competitive landscape, and the leading pipeline products and technologies.
Key players covered include GE Healthcare, Philips Healthcare, FUJIFILM Holdings Corporation, Agfa-Gevaert N.V., McKesson Corporation and Siemens Healthcare

Reasons to buy

Develop business strategies by understanding the trends and developments that are driving the PACS market globally.
Design and develop your product development, marketing and sales strategies.
Develop market-entry and market expansion strategies.
Identify key players best positioned to take advantage of the emerging market opportunities.
Exploit in-licensing and out-licensing opportunities by identifying products that are most likely to ensure a robust return.
What’s the next big thing in the PACS market landscape? - Identify, understand and capitalize.
Make more informed business decisions from the insightful and in-depth analysis of the global PACS market and the factors shaping it.

Additional Information

GlobalData’s new report, “Picture Archiving and Communication Systems (PACS) - Global Opportunity Assessment, Competitive Landscape and Market Forecasts to 2017” provides key data, information and analysis on the global Picture Archiving and Communication Systems (PACS) market. The report provides the market landscape, competitive landscape and market trends information on the PACS market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market’s dynamics. The report also reviews the competitive landscape and technology offerings.

This report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalData’s team of industry experts.

The Global Picture Archiving and Communication Systems (PACS) Market is Forecast to Grow at a Compound Annual Growth Rate (CAGR) of 10% from 2010-2017

Picture Archiving and Communication Systems (PACS), Global, Revenue ($m), 2010-2017

Source: GlobalData, Annual Reports, SEC Filings, Investor Presentations, Earning Call Transcripts, News and Press Releases, Scientific Journals, Trade Associations, Interviews with Industry Experts and Key Opinion Leaders (KOLs)

The global Picture Archiving and Communication Systems (PACS) market, valued at approximately $2.8 billion in 2010, is expected to grow at a Compound Annual Growth Rate (CAGR) of 10% to reach about $5.4 billion by 2017.

This double digit growth can be attributed to significant government initiatives to encourage the digitalization of healthcare systems as well as substantial technological advancements in imaging Information Technology (IT). Moreover, the drive for digitalization of image storage, retrieval and exchange has rapidly expanded the PACS market to other medical specialties such as oncology and endoscopy. This expansion will result in further applications for PACS systems, which will necessarily translate to higher demand among providers. This can be expected to be complemented by an improved focus on PACS by vendors, health systems and regulatory agencies.

Government Initiatives for Healthcare IT Adoption and Technological Advancements will Drive the Picture Archiving and Communication Systems (PACS) Market

Initiatives from the private and public sector around the world, along with significant technological advancements, are boosting the adoption of PACS by provider organizations. Rising healthcare costs and rapid demographic changes have forced governments to enhance the quality and outreach of healthcare while simultaneously reducing the related expenses. Consequently, governments face increasing pressure to address financial restraints as well as meet efficiency and affordability needs in healthcare. The world population is expected to exceed 9.1 billion by 2050, and the proportion of this population aged 65 years or older is forecast to more than double during this period (2010-2050). These demographic trends have compelled governments to expand their efforts in pushing the adoption of PACS in order to increase hospital productivity and clinical outcomes. Significant economic and legislative incentives have been approved by governments in North America, several countries in Europe, and in China and India, to promote the digitalization of healthcare workflow. These incentives have been instrumental in accelerating the adoption of PACS.

Government funding and the rising demand for better productivity and fewer errors have spurred technological advancements in the healthcare IT industry. Among the prominent technologies which have significantly contributed to positive adoption trends in this market are web-based and cloud-based PACS solutions. These Software-as-a Service (SaaS) models have eliminated the large upfront costs associated with the uptake of IT infrastructure, thereby expanding the penetration of PACS into small and medium scale practices and independent physicians. Other technological improvements, such as integrated speech recognition capabilities and advanced clinical decision support systems, will continue to contribute significantly to expanding the customer pool for PACS.

A number of technological advances in both clinical applications and workflow management tools have also emerged in the recent past. These enhancements are rapidly transforming the functionality of PACS from a viewing and storage solution for images to a crucial decision support system. The need for integrated advanced diagnostic and visualization tools for non-radiology departments, such as cardiology, oncology, anatomic pathology and mammography, will also contribute to expanding the market potential for PACS.

The US is the Largest Market for Picture Archiving and Communication Systems (PACS), Followed by Japan

The US and Japan contribute about three quarters of the global PACS market, thus dominating this market significantly. While the US holds approximately 51% of the $2.8 billion market, PACS systems sold in Japan attribute to about 24%. The US market for PACS systems is expected to maintain its dominant position owing to the ongoing healthcare reform, which has provided substantial incentives for the adoption of these systems. The Health Information Technology for Economic and Clinical Health (HITECH) Act, with its three-staged meaningful use adoption of healthcare IT systems and $27 billion in cumulative incentives, provides significant impetus to imaging information systems. At the same time, the US market for PACS systems is rapidly enhancing its technological outlook by driving the utilization of mobile IT platforms, SaaS-based models and necessary standardization measures.

GE Healthcare, with a Share of about 16% in 2010, is the Leading Player in the Picture Archiving and Communication Systems (PACS) Market

Picture Archiving and Communication Systems (PACS) Market, Global, Company Share (%), 2010

Source: GlobalData, Annual Reports, SEC Filings, Investor Presentations, Earning Call Transcripts, News and Press Releases, Scientific Journals, Trade Associations, Interviews with Industry Experts and Key Opinion Leaders (KOLs)

GE Healthcare, Philips Healthcare, Fujifilm Medical Systems and Agfa were the leading companies in the global PACS market in 2010. GE Healthcare was the market leader, with approximately 16% market share, followed by Philips Healthcare (14%). GE Healthcare markets the Centricity brand of enterprise PACS products. The company has also launched several low-cost PACS solutions designed for the cost-conscious emerging markets of the developing countries as part of its “Healthymagination” initiative. Fujifilm Medical Systems, Agfa Healthcare, McKesson Corporation, and Siemens Healthcare are the other leading companies with market shares of 14%, 10%, 8% and 7% respectively. Fujifilm and Fujitsu are most active in Japan, while Agfa and Siemens have market leadership in Europe. McKesson, on the other hand, has a strong presence in the US PACS market.

1 Table of Contents: 1.1 List of Tables; 1.2 List of Figures
2 Introduction: 2.1 GlobalData Report Guidance
3 Picture Archiving and Communication Systems (PACS)-Overview: 3.1 Introduction; 3.2 PACS and its Components
4 Picture Archiving and Communication Systems (PACS), Global, Market Characterization: 4.1 Picture Archiving and Communication Systems (PACS) Market, Global, Revenue ($m), Historic, 2003-2010; 4.2 Picture Archiving and Communication Systems (PACS) Market, Global, Revenue ($m), Forecast, 2010-2017; 4.3 Picture Archiving and Communication Systems (PACS) Technology Trends; 4.4 Picture Archiving and Communication Systems (PACS), Market Dynamics
5 Picture Archiving and Communication Systems (PACS) Market, Global, Analysis By Segment, 2003-2017: 5.1 Cardio PACS, Global, Revenue ($m), Historic, 2003-2010; 5.2 Cardio PACS, Global, Revenue ($m), Forecast, 2010-2017; 5.3 Cardio PACS, Global, Market Dynamics; 5.4 Endo PACS, Global, Revenue ($m), Historic, 2003-2010; 5.5 Endo PACS, Global, Revenue ($m), Forecast, 2010-2017; 5.6 Endo PACS, Global, Market Dynamics; 5.7 Oncology PACS, Global, Revenue ($m), Historic, 2003-2010; 5.8 Oncology PACS, Global, Revenue ($m), Forecast, 2010-2017; 5.9 Oncology PACS, Global, Market Dynamics; 5.10 Radiology PACS, Global, Revenue ($m), Historic, 2003-2010; 5.11 Radiology PACS, Global, Revenue ($m), Forecast, 2010-2017; 5.12 Radiology PACS, Global, Market Dynamics
6 Picture Archiving and Communication Systems (PACS) Market, Analysis By Country, Revenue ($m), 2003-2017: 6.1 US Picture Archiving and Communication Systems (PACS) Market, Revenue ($m), Historic, 2003-2010; 6.2 US Picture Archiving and Communication Systems (PACS) Market, Revenue ($m), Forecast, 2010-2017; 6.3 Canada Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Historic, 2003-2010; 6.4 Canada Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Forecast, 2010-2017; 6.5 UK Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Historic, 2003-2010; 6.6 UK Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Forecast, 2010-2017; 6.7 Germany Picture Archiving and Communication Systems (PACS) Market, Revenue ($m), Historic, 2003-2010; 6.8 Germany Picture Archiving and Communication Systems (PACS) Market, Revenue ($m), Forecast, 2010-2017; 6.9 France Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Historic, 2003-2010; 6.10 France Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Forecast, 2010-2017; 6.11 Italy Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Historic, 2003-2010; 6.12 Italy Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Forecast, 2010-2017; 6.13 Spain Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Historic, 2003-2010; 6.14 Spain Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Forecast, 2010-2017; 6.15 Australia Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Historic, 2003-2010; 6.16 Australia Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Forecast, 2010-2017; 6.17 China Picture Archiving and Communication Systems (PACS) Market, Revenue ($m), Historic, 2003-2010; 6.18 China Picture Archiving and Communication Systems (PACS) Market, Revenue ($m), Forecast, 2010-2017; 6.19 India Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Historic, 2003-2010; 6.20 India Picture Archiving and Communication Systems (PACS)Market, Revenue ($’000), Forecast, 2010-2017; 6.21 Japan Picture Archiving and Communication Systems (PACS) Market, Revenue ($m), Historic, 2003-2010; 6.22 Japan Picture Archiving and Communication Systems (PACS) Market, Revenue ($m), Forecast, 2010-2017; 6.23 Brazil Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Historic, 2003-2010; 6.24 Brazil Picture Archiving and Communication Systems (PACS) Market, Revenue ($’000), Forecast, 2010-2017
7 Picture Archiving and Communication Systems (PACS) Market, Global,Strategic Competitive Assessment: 7.1 GE Healthcare; 7.2 Philips Healthcare; 7.3 FUJIFILM Medical Systems; 7.4 Agfa Healthcare; 7.5 McKesson Corporation; 7.6 Siemens Healthcare
8 Picture Archiving and Communication Systems (PACS) Market, Global, Deals Landscape: 8.1 Key Mergers/Acquisitions (2010-2011); 8.2 Key Partnerships (2010-2011)
9 Appendix: 9.1 Definitions; 9.2 Acronyms; 9.3 Sources; 9.4 Research Methodology; 9.5 GlobalData Consulting; 9.6 Contact Us; 9.7 Disclaimer
1.1 List of Tables: Table 1: Picture Archiving and Communication Systems (PACS) Market, Global, Revenue ($m), 2003-2010; Table 2: Picture Archiving and Communication Systems (PACS) Market, Global, Revenue ($m), 2010-2017; Table 3: Picture Archiving and Communication Systems, Key Mobile Applications, 2011; Table 4: Film Screen Mammography Equipment vs. Full Field Digital Mammography Equipment, Global, Volumes (Absolute Units), 2003-2017; Table 5: Digital Pathology PACS, Pipeline Products, 2011; Table 6: Cloud-Based Picture Archiving and Communication Systems (PACS) Market, the US, Revenue ($m), 2010-2017; Table 7: Cardio PACS, Global, Revenue ($m), 2003-2010; Table 8: Cardio PACS, Global, Revenue ($m), 2010-2017; Table 9: Cardio PACS, the US, Penetration Rate* By Diagnostic Modality (%), 2007-2009; Table 10: Endo PACS, Global, Revenue ($m), 2003-2010; Table 11: Endo PACS, Global, Revenue ($m), 2010-2017; Table 12: Oncology PACS, Global, Revenue ($m), 2003-2010; Table 13: Oncology PACS, Global, Revenue ($m), 2010-2017; Table 14: Cancer Incidence, Global, Incidence (Million New Cases per Year), 2010-2030; Table 15: Radiology PACS, Global, Revenue ($m), 2003-2010; Table 16: Radiology PACS, Global, Revenue ($m), 2010-2017; Table 17: Radiology Procedures, the US, Outpatient Imaging Volumes (Absolute Units), 2007-2012; Table 18: Picture Archiving and Communication Systems (PACS) Market, The US, Revenue ($m), 2003-2010; Table 19: Picture Archiving and Communication Systems (PACS) Market, The US, Revenue ($m), 2010-2017; Table 20: Picture Archiving and Communication Systems (PACS) Market, Canada, Revenue ($’000), 2003-2010; Table 21: Picture Archiving and Communication Systems (PACS) Market, Canada, Revenue ($’000), 2010-2017; Table 22: Picture Archiving and Communication Systems (PACS) Market, The UK, Revenue ($’000), 2003-2010; Table 23: Picture Archiving and Communication Systems (PACS) Market, The UK, Revenue ($’000), 2010-2017; Table 24: Picture Archiving and Communication Systems (PACS) Market, Germany, Revenue ($m), 2003-2010; Table 25: Picture Archiving and Communication Systems (PACS) Market, Germany, Revenue ($m), 2010-2017; Table 26: Picture Archiving and Communication Systems (PACS) Market, France, Revenue ($’000), 2003-2010; Table 27: Picture Archiving and Communication Systems (PACS) Market, France, Revenue ($’000), 2010-2017; Table 28: Picture Archiving and Communication Systems (PACS) Market, Italy, Revenue ($’000), 2003-2010; Table 29: Picture Archiving and Communication Systems (PACS) Market, Italy, Revenue ($’000), 2010-2017; Table 30: Picture Archiving and Communication Systems (PACS) Market, Spain, Revenue ($’000), 2003-2010; Table 31: Picture Archiving and Communication Systems (PACS) Market, Spain, Revenue ($’000), 2010-2017; Table 32: Picture Archiving and Communication Systems (PACS) Market, Australia, Revenue ($’000), 2003-2010; Table 33: Picture Archiving and Communication Systems (PACS) Market, Australia, Revenue ($’000), 2010-2017; Table 34: Picture Archiving and Communication Systems (PACS) Market, China, Revenue ($m), 2003-2010; Table 35: Picture Archiving and Communication Systems (PACS) Market, China, Revenue ($m), 2010-2017; Table 36: Picture Archiving and Communication Systems (PACS) Market, India, Revenue ($’000), 2003-2010; Table 37: Picture Archiving and Communication Systems (PACS) Market, India, Revenue ($’000), 2010-2017; Table 38: Picture Archiving and Communication Systems (PACS) Market, Japan, Revenue ($m), 2003-2010; Table 39: Picture Archiving and Communication Systems (PACS) Market, Japan, Revenue ($m), 2010-2017; Table 40: Picture Archiving and Communication Systems (PACS) Market, Brazil, Revenue ($’000), 2003-2010; Table 41: Picture Archiving and Communication Systems (PACS) Market, Brazil, Revenue ($’000), 2010-2017; Table 42: Picture Archiving and Communication Systems (PACS) Market, Company Share, 2010; Table 43: GE Healthcare, Key Marketed Products, 2011; Table 44: Philips Healthcare, Key Marketed Products, 2011; Table 45: FUJIFILM Medical Systems, Key Marketed Products, 2011; Table 46: Agfa Healthcare, Key Marketed Products, 2011; Table 47: McKesson Corporation, Key Marketed Products, 2011; Table 48: Siemens Healthcare, Key Marketed Products, 2011; Table 49: Siemens Healthcare, List of Product Recalls, 2011
1.2 List of Figures: Figure 1: Picture Archiving and Communication Systems (PACS) Market, Global, Revenue ($m), 2003-2010; Figure 2: Picture Archiving and Communication Systems (PACS) Market, Global, Revenue ($m), 2010-2017; Figure 3: Picture Archiving and Communication Systems (PACS), Market Dynamics; Figure 4: Government Initiatives to Promote Health IT Adoption, 2011; Figure 5: Film Screen Mammography Equipment vs. Full Field Digital Mammography Equipment, Global, Volumes (Absolute Units), 2003-2017; Figure 6: Cloud-Based Picture Archiving and Communication Systems (PACS) Market, The US, Revenue ($m), 2010-2017; Figure 7: Picture Archiving and Communication Systems Market, Analysis By Country, 2010-2017; Figure 8: Cardio PACS, Global, Revenue ($m), 2003-2010; Figure 9: Cardio PACS, Global, Revenue ($m), 2010-2017; Figure 10: Cardio PACS, the US, Penetration Rate* By Diagnostic Modality (%), 2007-2009; Figure 11: Endo PACS, Global, Revenue ($m), 2003-2010; Figure 12: Endo PACS, Global, Revenue ($m), 2010-2017; Figure 13: Oncology PACS, Global, Revenue ($m), 2003-2010; Figure 14: Oncology PACS, Global, Revenue ($m), 2010-2017; Figure 15: Cancer Incidence, Global, Incidence (Million New Cases per Year), 2010-2030; Figure 16: Radiology PACS, Global, Revenue ($m), 2003-2010; Figure 17: Radiology PACS, Global, Revenue ($m), 2010-2017; Figure 18: Radiology Procedures, the US, Outpatient Imaging Volumes (Absolute Units), 2007-2012; Figure 19: Picture Archiving and Communication Systems (PACS) Market, The US, Revenue ($m), 2003-2010; Figure 20: Picture Archiving and Communication Systems (PACS) Market, The US, Revenue ($m), 2010-2017; Figure 21: Picture Archiving and Communication Systems (PACS) Market, Canada, Revenue ($’000), 2003-2010; Figure 22: Picture Archiving and Communication Systems (PACS) Market, Canada, Revenue ($’000), 2010-2017; Figure 23: Picture Archiving and Communication Systems (PACS) Market, The UK, Revenue ($’000), 2003-2010; Figure 24: Picture Archiving and Communication Systems (PACS) Market, The UK, Revenue ($’000), 2010-2017; Figure 25: Picture Archiving and Communication Systems (PACS) Market, Germany, Revenue ($m), 2003-2010; Figure 26: Picture Archiving and Communication Systems (PACS) Market, Germany, Revenue ($m), 2010-2017; Figure 27: Picture Archiving and Communication Systems (PACS) Market, France, Revenue ($’000), 2003-2010; Figure 28: Picture Archiving and Communication Systems (PACS) Market, France, Revenue ($’000), 2010-2017; Figure 29: Picture Archiving and Communication Systems (PACS) Market, Italy, Revenue ($’000), 2003-2010; Figure 30: Picture Archiving and Communication Systems (PACS) Market, Italy, Revenue ($’000), 2010-2017; Figure 31: Picture Archiving and Communication Systems (PACS) Market, Spain, Revenue ($’000), 2003-2010; Figure 32: Picture Archiving and Communication Systems (PACS) Market, Spain, Revenue ($’000), 2010-2017; Figure 33: Picture Archiving and Communication Systems (PACS) Market, Australia, Revenue ($’000), 2003-2010; Figure 34: Picture Archiving and Communication Systems (PACS) Market, Australia, Revenue ($’000), 2010-2017; Figure 35: Picture Archiving and Communication Systems (PACS) Market, China, Revenue ($m), 2003-2010; Figure 36: Picture Archiving and Communication Systems (PACS) Market, China, Revenue ($m), 2010-2017; Figure 37: Picture Archiving and Communication Systems (PACS) Market, India, Revenue ($’000), 2003-2010; Figure 38: Picture Archiving and Communication Systems (PACS) Market, India, Revenue ($’000), 2010-2017; Figure 39: Picture Archiving and Communication Systems (PACS) Market, Japan, Revenue ($m), 2003-2010; Figure 40: Picture Archiving and Communication Systems (PACS) Market, Japan, Revenue ($m), 2010-2017; Figure 41: Picture Archiving and Communication Systems (PACS) Market, Brazil, Revenue ($’000), 2003-2010; Figure 42: Picture Archiving and Communication Systems (PACS) Market, Brazil, Revenue ($’000), 2010-2017; Figure 43: Picture Archiving and Communication Systems (PACS) Market, Global, Company Share (%), 2010; Figure 44: GE Healthcare, SWOT Analysis; Figure 45: Philips Healthcare, SWOT Analysis; Figure 46: FUJIFILM Holdings Corporation, SWOT Analysis; Figure 47: Agfa Healthcare, SWOT Analysis; Figure 48: McKesson Corporation, SWOT Analysis; Figure 49: Siemens Healthcare, SWOT Analysis

Picture Archiving and Communication Systems (PACS) - Global Opportunity Assessment, Competitive Landscape and Market Forecasts to 2017

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