Cloud-based services, including picture archiving and communication systems (PACS), are creating a new pattern for users as well as a new business model.
A cloud environment enables ubiquitous access to applications, reduces dependence on bandwidth and computing power of users, and eliminates the risk of obsolescence.
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Cloud computing networks are a set of virtual servers that work in tandem over the Internet. Applications are stored in large data centers and are easily accessible via the Internet.
“With healthcare providers seeking to automate processes at a lower cost and higher profit, cloud computing can serve as an ideal platform in the healthcare IT space. Hospitals can build infrastructure with a number of Shares from shared systems to reduce costs and increase efficiency.
Carestream Health is one of the first adopters of cloud-based computing for PACS. Carestream eHealth Managed Services (eMS) is a suite of cloud-based, cost-effective services that include PACS e-Health Services. The company will be showcasing the service at the Annual Meeting of the Medical Imaging Association (SIIM) in Minneapolis.
EHealth PACS provides all PACS functions such as image management, viewing, distribution, and storage while reducing the cost of total user ownership by reducing their investment in equipment, security technology, and management personnel. The new PACS e-Health service is available in the United States and other selected countries throughout Europe, Asia, and Latin America.
Healthcare providers can connect to secure, remote data centers hosted and managed by Carestream Health. Patient information can be shared online with authorized physicians without the need to build, maintain, and upgrade a complex infrastructure.
This service allows remote reading for initial diagnosis as well as the possibility of receiving a second opinion from a radiologist or other specialists. PACS service is a monthly operating cost based on the number of imaging tests produced per month.
The first healthcare provider to sign up for the service was a Dutch group with three hospitals. They will use the service to provide enterprise-level PACS solutions for their three sites and provide secure image access for telemedicine.
This cloud-based service is designed to eliminate the risk of obsolescence as data and technology centers are constantly being maintained and upgraded on-site. Patient data and examination information are synchronized, so the same information is available to all users, regardless of location.
An optional feature allows users to access advanced reading tools such as 3D native features and automatic recording of volume tests provided by the company’s innovative PowerViewer. Vendor Neutral Infrastructure, the engine of the company’s e-health management platform, also allows information to be shared between different systems.
Picture Archiving and Communication System Market Developments
In the midst of the COVID-19 crisis, the global market for image archiving and communication systems (PACS), estimated at $ 1.9 billion by 2020, is projected to reach the revised $ 2.5 billion by 2027. And grow with CAGR (annual composition Growth rate) of 4.6% in the period 2020-2027.
Mini PACS, one of the sections analyzed in the report, is projected to record a CAGR of 4.4%, reaching $ 1.5 billion by the end of the analysis period. After a preliminary analysis of the commercial consequences of the epidemic and the resulting economic crisis, growth in the organizational PACS sector is adjusted to a revised CAGR of 5.4% for the next 7-year period.
The US market is estimated at $ 545.3 million, while China is projected to grow by 4.4% CAGR.
The Image and Communication Systems (PACS) market in the United States is estimated at $ 545.3 million by 2020. China, the world’s second-largest economy, is projected to reach $ 450.9 million by 2027. After CAGR 4.4% in the analysis period 2020 to 2027.
Other notable geographic markets are Japan and Canada, which will each grow 4.5% and 3.7% in 2020-2027, respectively. In Europe, Germany is projected to grow by approximately 3.9% CAGR.
Mid End PACS Segment to Record 4.6% CAGR
In the global Mid End PACS segment, the United States, Canada, Japan, China, and Europe will lead the estimated 4.6% CAGR for this segment. These regional markets, totaling $ 212.4 million in 2020, will reach the projected $ 291.7 million by the end of the analysis period.
China will continue to be one of the fastest-growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is projected to reach $ 292.7 million by 2027.
The Global Picture Archiving and Communication System (PACS) market is expanding worldwide, according to a revised report by Persistence Market Research.