Healthcare Cloud Picture Archiving And Communication System Market To Reach $1.4 Billion By 2030

Healthcare Cloud Picture Archiving And Communication System Market Growth & Trends

The global healthcare cloud picture archiving and communication system market size is expected to reach USD 1.4 billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030, according to a new report by Grand View Research. The healthcare industry is witnessing a significant shift towards cloud-based picture archiving and communication systems. Key trends driving this growth include enhanced accessibility to medical images, improved collaboration among healthcare professionals, and scalability that supports expanding data needs. Cloud-based PACS also reduces the dependency on on-premises infrastructure, leading to cost savings and operational efficiency. In addition, integration with AI and machine learning technologies is enhancing imaging workflows, improving diagnostic accuracy, and ultimately contributing to better patient care outcomes.

The increased patient data storage capacity of cloud-based picture archiving and communications systems (PACS) due to ample storage space is also the key factor driving the market growth. The increasing prevalence of chronic diseases, such as cancer, cardiac disorders, and bone-related disorders, has fueled the demand for medical imaging for early diagnosis. These medical images obtained from technologically advanced devices are made of large file sizes leading to the overloading of data in the system. This overloading also slows down the system.

Thus, to reduce such issues, healthcare organizations have increased the adoption of cloud-based PACS, thereby driving the market. Cloud PACS enables healthcare professionals to access patients’ images directly from the cloud. This easy access has enhanced flexibility and efficiency leading to faster diagnosis and disease detection. Physicians and clinicians can review and analyze the stored images of the patients and transmit the related information by collaborating with the clinical staff. These associated benefits are further anticipated to expand the consumer base for the market in the near future. In addition, the rising number of coronavirus-positive patients, along with a shortage of healthcare workers as a result of the imposed lockdowns, has heightened the need for better healthcare options.

During the COVID-19 pandemic, the need for enhanced capacity to analyze & further communicate healthcare data & information, study images, and collaborate with clinical staff & healthcare professionals to ensure quality clinical outcomes encouraged the adoption of cloud-based PACS in the healthcare industry. In addition, the increasing flexibility of clinicians for patient data access to diagnostic imaging anywhere during the pandemic fueled the demand further. To improve their market penetration, the leading companies are engaged in various initiatives, such as new product development, distribution agreements, etc. For instance, Konica Minolta Healthcare Americas announced Rede PACS and Rede Mini PACS, a new medical image management solution for specialized clinics, in April 2020. This helps the company in its product expansion strategy. Such initiatives implemented by market players are further projected to boost industry growth in the coming years.

Global adoption of cloud-based PACS is further fueled by advancements in internet infrastructure and the widespread availability of high-speed connectivity. Regions such as North America and Europe, where internet penetration is high and healthcare systems are well-developed, have been early adopters of cloud PACS. However, emerging markets in Asia-Pacific, Latin America, and the Middle East are also witnessing rapid growth as healthcare providers in these regions seek to modernize their IT infrastructure and improve patient care through digital transformation.

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Healthcare Cloud Picture Archiving And Communication System Market Report Highlights

• Based on application, the cardiology application segment held the largest market share of 21.1% in 2023, due to the rising prevalence of cardiac disorders and associated mortality.

• Based on end use, the hospital end-use segment dominated the market in 2023, due to extensive usage of PACS on account of its ability to deliver a comprehensive suite of clinical tools that increases the workflow efficiency.

• In 2023, North America dominated the market held the largest market share of 38.7%, owing to the presence of established players and technologically advanced infrastructure.

• Key industry players are involved in strategies including M&As, collaborative agreements, geographic expansion, and product launches to gain a competitive edge. For instance, in December 2021, Change Healthcare introduced Stratus Imaging PACS, a cloud-native solution designed to enhance clinical radiology. This platform enables radiologists to read images on demand from multiple hospitals through a single interface, accessible from any location.

Healthcare Cloud Picture Archiving And Communication System Market Segmentation

Grand View Research has segmented the global healthcare cloud picture archiving and communication system market based on application, end use, and region:

Healthcare Cloud PACS Application Outlook (Revenue, USD Million, 2018 - 2030)

• Cardiology

• Orthopedics

• Ophthalmology

• Oncology

• Veterinary Medicine

• Others

Healthcare Cloud PACS End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Diagnostic Centers

• Others

Healthcare Cloud PACS Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Sweden

  • Denmark

• Asia Pacific

  • Japan

  • China

  • Australia

  • India

  • South Korea

  • Thailand

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Healthcare Cloud Picture Archiving And Communication System Market

• Konica Minolta Healthcare Americas, Inc.

• NADICO

• Ambra Health

• Koninklijke Philips N.V.

• UltraLinq

• VEPRO AG

• Telemis S.A.

• RamSoft, Inc.

• INFINITT North America, Inc.

• Core Sound Imaging, Inc.

• QUICKPACS

• PostDICOM