Market Drivers

Rising Prevalence of Cardiovascular Diseases (CVDs)

One of the issues contributing to the increased growth of the cardiovascular PACS market is the increased prevalence of cardiovascular diseases all around the world. Better diagnostic and imaging technologies are required because cardiovascular diseases remain the leading cause of death in the world. Due to the rising cases of heart-related conditions, such as arrhythmia, heart failure, and Turner coronary artery disease, cardiovascular PACS are becoming more and more critical. These pathologies demand imaging systems which are effective. The potential of the market is also increasing with large governments investment and healthcare organizations across the world investing heavily in healthcare infrastructures.

Market Restraints

High Implementation, Maintenance & Training Costs

Implementation of a Cardiology Picture Archiving and Communication System (PACS) must meet a huge initial investment on installation to incorporate imaging machines, high-performance servers, storage and software licenses. The first is that the initial cost is raised since any hospital or diagnostic centers dealing with massive cardiology imaging data, including cardiac MRIs and echocardiograms, will need to boost the network infrastructure. Ongoing costs include technical support, annual maintenance agreements, security measures in cyberspace, software upgrades and installation.

By Component

In 2024, Software Component has market share of 45% of market sales with market value of USD 1,685.09 Million.

A Cardiology Picture Archiving Communication System (PACS) requires huge upfront investment to install imaging equipment’s, powerful servers, storage hardware and software installation rights. To manage a large volume of cardiology imaging data transfer (cardiac MR and echocardiogram), hospitals and diagnostic centers must upgrade their networking architecture. This adds to the initial cost. The maintenance costs are software update, protection against cyber attacks, annual maintenance programs, support, and installation.

By End-User

In 2024, Hospitals End-User has market share of 40.14% of market sales with market value of USD 1,503.27 Million.

The major end-user group is the hospitals since it conducts most cardiovascular treatment procedures as well as needs sophisticated imaging devices to enable adequate evaluation and planning of the therapy. With the connection of PACS to hospital information systems (HIS) and electronic health records (EHR), the support of patient care is enhanced and clinical processes are simplified. The growing attention to the renewal of healthcare infrastructure and the incorporation of new medical technologies also increases the number of demands in hospitals to have PACS.

By Geography

North America dominates the Cardiology Picture Archiving and Communication System market with estimated market value of USD 1,422.97 Million in 2024, and is expected to reach USD 2,641.33 Million in 2032.

The North- American region is the market leader in the cardiovascular PACS market due more or less to its well-built healthcare system, consumer expenditure on healthcare, and their market presence. The high application of the PACS systems has been enabled by the well developed healthcare system in the region, and the fact that much is invested in healthcare technology. The US market is quite large because cardiovascular disorders are on the rise and more patients need the use of better diagnostic tools. The North American cardiovascular PACS market is in the growth phase owing largely to the availability of large enterprises and an active technical renovation.

List Of Top Players

• Philips Healthcare
• GE Healthcare
• Siemens Healthineers
• Fujifilm Medical Systems
• Agfa Healthcare
• Carestream Health
• McKesson Corporation
• INFINITT Healthcare
• Sectra AB
• Esaote SpA
• Cerner Corporation

Key Industry Developments

• Fujifilm Medical Systems Inc. released its first OPIE Transducer on-pump intracardiac echocardiography (OPIE) in April of 2024, which is a device used during septal myectomy. Early clinical adoption gave users the opportunity to provide some feedback on how this technology assists in providing real-time visualization of imaging information that could be used to determine the ventricular septal thickness when performing septal myectomy surgery at the 104th American Association for Thoracic Surgery (AATS) meeting.

Table Of Contents

1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
   1. MARKET INTRODUCTION
   2. MARKET DRIVERS
   3. MARKET RESTRAINTS
   4. FUTURE OPPORTUNITIES
   5. MARKET TRENDS
   6. PORTER’S FIVE FORCES ANALYSIS
      1. Threat of New Entrants
      2. Threat of Substitutes
      3. Bargaining Power of Suppliers
      4. Bargaining Power of Buyers
      5. Intensity of Competitive Rivalry
   7. VALUE CHAIN & PROFIT MARGIN ANALYSIS
   8. PRICING ANALYSIS
   9. REGULATORY FRAMEWORK
   10. COVID-19 IMPACT ANALYSIS
   11. PRODUCT LIFE CYCLE ANALYSIS
   12. PESTLE ANALYSIS
   13. MICRO ECONOMIC ANALYSIS
   14. Market Premium Insights (Enterprise license)
       • Consumer Analysis (List of Potential Consumers)
       • Top 10 Country-Wise Import & Export Data (If Applicable)
       • Regulatory Bodies & Authorization Across the Globe
       • Key Conferences & Events: Next Two Years
       • Top Patents for The Market
5. GLOBAL CARDIOLOGY PICTURE ARCHIVING AND COMMUNICATION SYSTEM MARKET REVENUE & SHARE ANALYSIS (2023-2032)
   1. By Component
      1. Software
      2. Hardware
   2. By Deployment 
      1. On-Premises
      2. Cloud-Based
   3. By End-User 
      1. Hospitals
      2. Diagnostic Centers
      3. Ambulatory Surgical Centers
      4. Others 
6. GLOBAL CARDIOLOGY PICTURE ARCHIVING AND COMMUNICATION SYSTEM MARKET REVENUE & SHARE ANALYSIS (2023-2032), BY REGION
   1. NORTH AMERICA 
      1. U.S.
      2. Canada
      3. Mexico
   2. EUROPE
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Rest of Europe
   3. ASIA PACIFIC 
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of APAC
   4. MIDDLE EAST & AFRICA
      1. GCC
      2. South Africa
      3. Rest of MEA
   5. LATIN AMERICA
      1. Brazil
      2. Argentina
      3. Rest of LATAM

For all the segments and sub-segments, Qualitative as well as Quantitative data will be provided. In Quantitative we provide the historic (2023), base (2024), estimated (2025) and forecasted (2025-2032) market value in USD Million, Share in XX% with a CAGR (2025-2032). This data would be provided on a regional as well as country level.

1. COMPETITIVE LANDSCAPE
   1. OVERVIEW
   2. KEY PLAYERS MARKET SHARE ANALYSIS
   3. LIST OF KEY STRATEGIC DEVELOPMENTS 
2. COMPANY PROFILES
   1. Philips Healthcare
      1. Company Overview
      2. Company Financial Insights (Total Revenue, Revenue By Business Segments, and By Region)
      3. Product Benchmarking
      4. Key Strategic Developments (Merges & Acquisitions, Partnership /Agreements/Joint Venture, Expansion, New Product Launches, and other developments)
      5. Business Strategic Overview
      6. SWOT Analysis
   2. GE Healthcare
   3. Siemens Healthineers
   4. Fujifilm Medical Systems
   5. Agfa Healthcare
   6. Carestream Health
   7. McKesson Corporation
   8. INFINITT Healthcare
   9. Sectra AB
   10. Esaote SpA
   11. Cerner Corporation
   12. Others
3. LIST OF SOURCES
4. DISCLAIMER