What is Picture Archiving and Communication System (PACS) market ?

The global PACS market is experiencing significant growth. Valued at approximately USD 3.4 billion in 2024, it is projected to reach USD 5.8 billion by 2034, reflecting a compound annual growth rate (CAGR) of 6.18%

Several key factors are contributing to this expansion:

Technological Advancements: The integration of artificial intelligence (AI) and machine learning into PACS platforms is enhancing image analysis, improving diagnostic accuracy, and streamlining clinical workflows

Cloud-Based Solutions: The adoption of cloud-based PACS is increasing, offering scalable storage solutions, remote access, and reduced infrastructure costs for healthcare providers

Aging Population and Chronic Diseases: The growing elderly population and the rise in chronic diseases are leading to an increased demand for diagnostic imaging, thereby driving the need for efficient PACS solutions

Government Initiatives: Supportive policies and investments in healthcare IT infrastructure are facilitating the adoption of PACS, especially in emerging markets