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A recent report by Global Industry Analysts, Inc. shows that the Global market for PACS is expected to witness steady growth.

The growth refer to the increasing adoption across imaging centers and hospitals, advancing communication and enterprise technologies, and ability of PACS Systems to be integrated with other imaging modalities. As the technology evolves from being a radiology-centric technology to a core data management technology for healthcare departments, pharmaceutical companies and academic institutions, the PACS market is expected to offer significant opportunities for vendors.

Picture Archiving and Communication System (PACS) is a technology centered upon leveraging computers and data communication technologies to collect, store, process, retrieve and disperse medical imaging data to hospitals and affiliated clinics geographically spread across the world. Increasing imaging data volumes fueling demand for advanced reporting and management capabilities, technological advancements, and extending benefits beyond the radiology department to other modalities, represent the key factors driving market growth

United States, Europe, and Japan dominate the global PACS market. In terms of PACS acceptance in diagnostic imaging, United States leads the world market. Market penetration of PACS technology although gaining momentum, is less robust in Europe as compared to United States. Driven by the European healthcare community's dire need to reduce healthcare costs while simultaneously providing quality patient care and services, PACS in Europe presents manifold potential opportunities. In Asia-Pacific, growth in demand for PACS is likely to be driven by the cost efficient initiatives being implemented by the hospitals in the region. Software licenses represent the largest segment, while services is the fastest growing segment.

Key market participants in the PACS market include General Electric Healthcare, Philips Medical Systems, Siemens Healthcare, Agfa-Gevaert Group, Fujifilm Medical Systems USA, Inc. Carestream Health, Inc., McKesson's Medical Imaging Group, and others.

The report titled "Picture Archiving and Communication System (PACS): A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market. Analytical estimates and projections on market size have been presented in terms of dollar sales over the historic years 2001 through 2005, while current analysis and forecasts are provided over the time period 2006-2015. The report enumerates recent developments, mergers, acquisitions and other strategic industry activities. The report analyzes the market across three major segments - Software Licenses, Hardware, and Services. Analysis is also done for mini or department-wide PACS and Enterprise-wide PACS. Analysis is presented for established and emerging markets including United States, Canada, Japan, France, Germany, United Kingdom, Italy, and Asia-Pacific.

About Global Industry Analysts, Inc.

Source: http://www.prweb.com