Europe Picture Archiving and Communication Systems (PACS) Market: Market Analysis and Opportunity Assessment
01/22/2010

Europe Picture Archiving and Communication Systems (PACS) Market Is Expected To Remain Stable Over the Next Seven Years

Online PR News – 22-January-2010 – – Europe PACS market, valued at $568.7m in 2008, is forecast to grow by 5.9% over the next seven years to reach $848m in 2015. The radiology PACS market in Europe was valued at $384m in 2008 and is projected to grow at 5.5% for the next seven years to reach $557m in 2015. The Europe radiology market was the largest segment with 67% contribution to the total PACS market, while cardio PACS market contributed 9% in 2008. Cardio PACS market will be the fastest growing segment in Europe at nearly 9% CAGR in 2008–2015 to reach $93m in 2015. Other PACS which includes mammography PACS, and orthopedics PACS is also expected to grow slightly faster as compared to radiology PACS at 6%, to reach $198m in 2015. The market will be driven by the late adoption of PACS in countries such as Spain, Italy, Wales and Northern Ireland due to regional government initiatives, increased adoption amongst private practitioners and the replacement market. Non radiology PACS segments such as Cardio PACS are expected to be driven by integration of computer aided diagnosis/detection (CAD) with PACS.
Advancements in technology for clinical applications such as oncology PACS and surgical PACS is going to lead to greater adoption of PACS outside the radiology department over the next seven years.

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A number of technological advancements, in both, clinical applications and workflow management tools are being introduced which have transformed the functionality of PACS from a viewing and storage solution for images, to a crucial decision support system. The need for integrated advanced diagnostic and visualization tools for non - radiology departments such as orthopedics, cardiology, oncology, and mammography will drive technological innovation in the PACS market in Europe. Additionally, a wide array of automation solutions ranging from advanced hanging protocols, intuitive work list management, and advanced volume rendering solutions for Positron Emission Tomography (PET)/Magnetic Resonance Imaging (MRI) scans will significantly improve efficiency and thus save time and costs in a digital environment. New products featuring reporting applications are further going to enhance the functionality of PACS.

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Agfa-Gaevert N.V., Siemens Healthcare, and Philips Healthcare remain the leading competitors in Europe’s PACS market. Together, these companies accounted for 46% of the market share in 2008. Other significant market players were Carestream, TietoEnator and GE Healthcare. Agfa and Philips were the market leaders and each accounted for approximately 16% of the market share in 2008. The market for PACS in Europe is quite fragmented due to the presence of local players such as Ferrania and Esaote in Italy, Vepro and GWI in Germany, Sectra in Scandinavia and the UK. The leading players have been offering competitively priced, feature rich products to lure more customers in a saturated market. Innovative solutions such as integrated Computer Aided Diagnosis (CAD) applications and reporting solutions provide effective ways for clinicians and radiologists to improve their workflow.
The Europe PACS market is expected to witness stable growth in 2008–2015 as a result of an increased focus on the use of IT in overall healthcare.

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