In this post, we are going to share well-researched market trends related to PACS software.

#1 Hospital sector may hold the largest market share in the specialty PACS market.

The hospital industry retains a dominant share of the PACS software market. This is especially due to the increased patient population and the hospitals providing full patient care services. Many key factors drive the market's growth. These include hospitals' specialization of:

• Diagnosis, prevention, and care of different modalities
• Growing awareness about the benefits of early detection of disease
• Advanced imaging techniques
• The growing digitization of patient information
• Rapidly increasingly adoption of the EMR technology 

#2 PACS and RIS: The Game-Changer A few years ago, PACS became a very common practice in radiology. 

For managing schedules, bills, and patient information, healthcare professionals would use a separate radiology information system (RIS).

Today, PACS vendors have started creating separate RIS products because these two programs best complement each other. When PACS and RIS systems work together, hospitals' radiology departments function better because they can store, transfer, and retrieve images securely.

The department can also store patient records in an orderly manner using the software program, and they can better visualize images. In addition, the cloud-based PACS/RIS system makes it easy to retrieve and see images and reports using the software.

#3 North America Dominates the PACS Market

North America is forecasted to maintain its supremacy when it comes to the global specialty PACS market. This is mainly because of many different factors, including the rising geriatric population and growing patient pool, etc. 

According to the United States Census Bureau 2017 Population Projections, it is estimated that by 2035, 78.0 million people may be over the age of 65 years, rather than 76.7 million people who are under 18 years of age in the U.S.A. 

In addition, other factors such as the growing existence of chronic diseases, technological advancement in imaging modalities, and early disease detection benefits have been driving the PACS market growth. All of these factors help to ensure the dominance of the region.

#4 A Highly Competitive Landscape

The cloud-based PACS industry is highly competitive, with several leading major players. When it comes to the market share, some major players in the sector dominate the market.

Some prominent players in the market are making significant acquisitions, collaborations, and launching new products with other companies to consolidate their market positions worldwide. Some of these major players in the market are Siemens AG, IBM Corporation, Medicasoft, Carestream Health, and Philips Healthcare.

Conclusion 

These market trends point towards the importance of using PACS software solutions in healthcare facilities. 

Medicasoft’s PACS solution can be an ideal pick for you. Using this tool, medical practitioners can capture, store, distribute, and display medical images for reviews. Medicasoft prioritizes the security of patient records. The software follows the highest industry standards to facilitate secure networking over the cloud when transmitting, storing, and retrieving patient information. 

Due to its cost effectiveness, ease of use, blazing speed of storing and retrieving studies, Medicasoft has been the number one choice for privately owned clinics and health care provider.