Enterprise Imaging Solutions Market Analysis

Enterprise Imaging Solutions Market Analysis

The on-premise segment held 34% of the enterprise imaging solutions market share in 2020 impelled by the increased level of data security offered by on-premise enterprise imaging solutions. Some healthcare providers prefer on-premise solutions as they do not want to risk transferring their sensitive data on cloud platform. Healthcare providers using on-premise enterprise imaging solutions can have customization as per their requirement, which in turn will influence the demand and adoption of enterprise imaging solutions.

The PACS segment exceeded USD 580 million in 2020 on account of several benefits provided such as significant reduction in physical and time-barriers related to traditional film-based image retrieval, display and distribution. PACS are widely used by the healthcare providers as it stores the image in digital form, thereby eliminating the need for maintaining hard copies of images. All the above advantages are expected to enhance the usage of PACS systems, especially in developing countries considering its affordability.
 

The diagnostic imaging centers segment in the enterprise imaging solutions market is predicted to showcase 12.6% growth rate till 2027. Factors such as increasing use of diagnostic imaging, rise in number of imaging volumes of patients, and availability of advanced technology in diagnostic centers are fuelling the market expansion. Owing to increasing health awareness among consumers, the acceptance of diagnostic imaging has witnessed substantial surge in recent times resulting in augmenting the market demand. Additionally, favourable reimbursement policies are anticipated to further boost the demand and usage of enterprise imaging solutions.
 

U.S. dominated the North America enterprise imaging solutions market in 2020 and accounted for over USD 386 million in 2020 driven by the growing medical imaging volumes coupled with rising geriatric population. In the past couple of years, there has been a notable rise in number of diagnostic imaging centers offering imaging services across the country. For example, in total there are more than 10,500 diagnostic imaging centers in the U.S. catering to consumers. Presence of several large hospitals and well-established healthcare facilities along with high healthcare spending and supportive government initiatives are some of the major factors spurring the market revenue. Moreover, the U.S. is home to several PACS manufacturing companies operating globally, which is further poised to drive the industry value during the forecast timeframe.
 

Brazil enterprise imaging solutions market crossed USD 31 million in 2020. Various healthcare providers in Brazil and Latin America region are focusing on enhancing their patient care quality by incorporating advanced technologies available in the sector. For example, Santa Casa, among the oldest and most modern hospital chain in Brazil, selected Carestream's Clinical Collaboration Platform to replace its traditional diagnostic workflow technology. The hospital has intensive requirements for its large-scale data migration and image management as it conducts nearly 6.5 million procedures and more than 400,000 imaging studies per year. Hence, several such diagnostic developments encourage other healthcare facilities to implement similar strategies, thereby resulting in the industry demand.