PACS market to hit $5.4B by 2017

The worldwide market for picture archiving and communications systems (PACS), which continue to grow in popularity, is expected to reach $5.4 billion by 2017, up from $2.8 billion in 2010, according to a new report from GlobalData.

A combination of government initiatives to adopt IT in healthcare and advancements in technology as a whole will be two of the major factors contributing to such growth, the report's authors said. Specifically, as hospitals look to save money with regard to storing images, PACS adoption will continue to thrive, they said.

"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]," an accompanying statement said. "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."

A study published last year by researchers at Brigham & Women's Hospital in Boston showed that use of PACS helped to reduce repetitive imaging tests on patients who transferred into the hospital.

The study involved nearly 1,500 patients who transferred to the hospital between February and August of 2009. Brigham & Women's imported CDs of radiology images for the patients from outside emergency departments into their PACS. Researchers found that PACS use reduced CT scans by 16 percent when compared to patients whose images were not successfully imported into the system.

For more information:
- check out the press release
- purchase the report

Suggested Articles

The COVID-19 pandemic is driving enormous demand for virtual mental health care services. Here is how much utilization has increased during COVID-19.

Ambulatory EHR provider NextGen Healthcare saw its quarterly revenue grew 4% to $140 million and earnings topped Wall Street projections.

Blue Cross NC is launching two new digital programs targeting smoking cessation and Type 2 diabetes management next month at no cost to members.