Asian Departmental PACS Market is Estimated to Grow at a CAGR of 11.3%

Date: 2015-08-15

“The Asian departmental PACS market is estimated to grow at a CAGR of 11.3% from 2014 to 2019. Japan contributes the largest market share in the Asian departmental PACS market, contributing around half of the total market.

Departmental Picture Archiving and Communication Systems (PACS) have reduced the physical and time barriers associated with traditional film-based image retrieval, distribution, and display. Departmental PACS has widespread application in hospitals and clinics as it eliminates the need of maintaining hard copies of images and replaces them with digital storage. Cloud-based PACS solutions is the latest market development which is expected 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.

The departmental PACS market has been segmented on the basis of product, component, deployment, end user, and country. The report covers major countries which include Japan, China, India, Republic of Korea, and rest of Asia (RoA). Japan is the largest contributor to this market, followed by China. China, on the other hand, is the fastest growing market in this region, owing to the medical and technological advances in the country. 

The report has profiled the leading players of this market along with their developments (new product launches, partnerships, and joint ventures) over the past few years, and strategies adopted by them to sustain and strengthen their position in the market. The key players in the Asian departmental PACS market 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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