With an increase in the integration of technology in the healthcare industry, a larger number of advanced solutions are in demand for improving quality and efficiency in healthcare service delivery. Picture Archiving and Communication Systems (PACS) have wide applications in the healthcare industry for getting meaningful insights about the human body and diseases.
Due to the rapid changes in the healthcare industry, the need for more improved cardiology PACS is emerging. Hence, cardiology PACS software vendors are continually focusing on the development of more advanced versions to deliver more accurate treatment. Due to these advancements, the cardiology PACS market is expected to grow significantly over the forecast period with increasing investments from healthcare organisations for establishing cardio care units to enable the delivery of complete patient care.
Cardiology PACS is used for carrying out imaging and other functionalities only related to the heart. Cardiologist, doctors, physicians and other medical officials use cardiology PACS for the processes of data distribution, storage and analysis of medical images. Cardiology PACS is implemented by combining the hardware, software, image modalities and others. Cardiology PACS is used for archiving data, image storing, capturing, presenting and then distributing medical images.
The prime factor responsible for the growth of the cardiology PACS market is that healthcare organisations can achieve improved image reading efficiency for carrying out cardiovascular processes.
Moreover, cardiology PACS is useful in reducing the physical barriers associated with traditional methods that use film-based image retrieval, distribution and display. In addition, other benefits of cardiology PACS, which include reduced complexities in IT integrations, stored patient data using cloud-based software and easier cardio logical image exchange, are also fuelling the demand for the cardiology PACS market.
With the help of cardiology PACS, hospitals, clinics, diagnostic centres, laboratories and others can reduce the manual efforts required for maintaining the hard copies of images, and this factor is fuelling the growth of the cardiology PACS market. On the other hand, financial pressures faced by the healthcare organisations that offer cardiac care and have an established total cardiology PACS unit is expected to be one of the major restraints of the growth of the cardiology PACS market over the forecast period.
The cardiology PACS market is segmented on the basis of components used for the installation of cardiology PACS in healthcare organisations, which include software, hardware and services.
The cardiology PACS market is segmented on the basis of deployment of software into cloud and on-premise. These deployment models are available as options with cardiology PACS software vendors.
The cardiology PACS market is segmented on the basis of end user into hospitals & clinics, diagnostic centres, ambulatory surgical centres, catheterisation laboratories and others.
Vendors of cardiology PACS are constantly focusing on product advancements to sustain in the increasing competition and to attract more customers. Some of the leading vendors of Cardiology PACS include GE Healthcare, Fujifilm Medical Systems, AGFA Healthcare, Siemens Healthcare, Philips Healthcare, Medstreaming, Digisonics, INFINITT Healthcare, Central Data Networks, Sectra and IBM Corporation.
The rising adoption of cloud-based cardiology PACS software is observed to be one of the major trends driving the cardiology PACS market. The vendors of cardiology PACS are now introducing cloud-based technology in picture archiving and communication systems.
Cloud-based cardiology PACS software is increasingly adopted by healthcare organisation as, with the help of these solutions, physicians can communicate with each other from any location using the cloud-based deployment.
Based on regions, the global cardiology PACS market is divided into North America, Latin America, Eastern Europe, Western Europe, SEA and other APAC, Japan, China and the Middle East and Africa. In terms of revenue generation, North America dominates the global cardiology PACS market due to the rapid adoption of technologically advanced solutions by the healthcare industry in this region.
Western Europe is expected to be the second-largest market in terms of revenue generation followed by Eastern Europe, as countries in this region are increasingly demanding cardiology imaging solutions. SEA & other APAC and China are expected to grow with the highest CAGRs over the forecast period due to the rapidly increasing investments by healthcare providers in establishing an advanced healthcare centre for cardiac treatments. The MEA region is expected to grow at a moderate CAGR over the forecast period.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The cardiology PACS market is segmented on the basis of component, deployment, end user and region.
Cardiology PACS Market
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