The departmental PACS market is highly competitive with companies striving for dominance in the market. There are few major companies operating in this market and holding majority of the market share.
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Companies in the European departmental PACS market have relied on mergers and acquisitions, and new product launches as some of the key strategies to achieve growth. Some of the big players in the market have stressed on strengthening their geographical presence by virtue of acquisition of other companies. For instance, Philips Healthcare acquired Volcano Corporation, a global medical device manufacturer, for expanding the company’s customer base.
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Companies in this market have also focused on making strategic partnerships in order to enhance their products and services in the field of PACS, thereby strengthening their position in the market. For instance, FujiFilm Medical Systems partnered with TeraMedica, a U.S. based medical informatics company, for providing efficient data management software.
Further, major players have also resorted to new product development for attaining growth, providing customers with newer and efficient products. Companies such as Agfa Healthcare, GE Healthcare, and Carestream Health have introduced new products into the market. Carestream Health, for instance, introduced an improved version of its PACS platform for providing better service to the customers.
The major participants operating in the European Departmental PACS market are Agfa Healthcare (Belgium), Carestream Health (U.S.), GE Healthcare (U.K.), Philips Healthcare (The Netherlands), McKesson Corporation (U.S.), FujiFilm Medical Systems (Japan), and Siemens Healthcare (Germany).
