REPORT HIGHLIGHT
Vendor-neutral archive (VNA) and PACS Market size was valued at USD 3,205.6 Million in 2022, expanding at a CAGR of 6.3% from 2023 to 2030.
Vendor-Neutral Archive (VNA) and Picture Archiving and Communication System (PACS) are two separate but closely collected technologies utilized in the medical imaging field to manage, store, and transfer medical images and related content. Additionally, in modern healthcare, particularly in radiology and diagnostic imaging both play crucial roles. Moreover, the benefits of the worldwide market system include transparency, an exchange of clinical information, and clarity of information with cost efficiency in less time.
Vendor-Neutral Archive (VNA) and PACS Market- Market Dynamics:
- Rising adoption of digital imaging techniques, the evolution of medical imaging modalities, and AI to propel market demand.
- The increasing adoption of digital imaging techniques and the continuous evolution of medical imaging modalities have boosted the demand for robust storage and management solutions like VNA and PACS. In line with this, growing economy & disposable income, growing adoption of advanced medical technologies & health IT, favorable healthcare reforms, and increasing geriatric imaging volumes. Thereby such factors are projected to drive the demand for VNA and PSCS market. However, budgetary constraints and the availability of long-term data which further affects the decisions of service providers are expected to hinder the market growth over the forecast period. Moreover, improve diagnostics, enhance image analysis, and automate certain tasks, including data extraction and image tagging. Thin in turn, AI is being incorporated into both VNA and PACS. Furthermore, in developed regions, the adoption of VNA and PACS solutions is not limited. Additionally, the VNA and PACS market is expanding worldwide owing to the nations that are investing in healthcare IT infrastructure.
Vendor-Neutral Archive (VNA) and PACS Market- Key Insights:
- As per the analysis shared by our research analyst, the global VNA and PACS market is estimated to grow annually at a CAGR of around 6.3% over the forecast period (2023-2030)
- The VNA and PACS industry is projected to grow at a significant rate due to the growing adoption of digital imaging techniques, the evolution of medical imaging modalities
- Based on procurement model segmentation, departmental was predicted to show maximum market share in the year 2022
- Based on Vendor Type segmentation, PACS vendors was the leading type in 2022
- On the basis of region, Asia Pacific was the leading revenue generator in 2022
Vendor-Neutral Archive (VNA) and PACS Market- Segmentation Analysis:
- The global vendor-neutral archive (VNA) and PACS market are segmented on the basis of procurement model, vendor type, end user, and region.
- The market is divided into two categories based on the procurement model: enterprise and departmental. The departmental segment is expected to possess the largest revenue share. The increase in the use of imaging data in various departments including cardiology, oncology, teleradiology, pathology, radiology, dermatology, neurology, dentistry, endoscopy, and ophthalmology are such factors attributed to increased growth. Additionally, the rising adoption of imaging modalities further contributes to the growth of this segment.
- The market is divided into three categories based on the Vendor Type: PACS vendors, infrastructure vendors, and independent software vendors. The PACS vendors segment is likely to hold the largest market share. A large share of this segment is anticipated by numerous traditional PACS companies, medical IT companies, and medical imaging modalities that are providing VNA as an extension to their imaging portfolio. This in turn boosts the segment growth over the forecast period.
- The market is divided into two categories based on end-users: diagnostic imaging centers, hospitals, and others. The hospital segment is estimated to dominate the largest share. Efficient management of patient data, higher patient visits & admissions and initiatives undertaken to implement advanced technologies are such factors driving the growth of the VNA & PACS market for hospitals.
Vendor-Neutral Archive (VNA) and PACS Market- Geographical Insights:
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Vendor-Neutral Archive (VNA) and PACS Market- Competitive Landscape:
Owing to the increase in the popularity of VNA solutions, the Vendor Neutral Archive (VNA) & PACS Market is in the rising stage. Moreover, the Global Market system includes advantages such as clarity of information with cost efficiency in less time, exchange of clinical information, and transparency. Moreover, for delivering compatible solutions to healthcare providers, the market is characterized by inter-firm partnerships. As a result, with the development of products enabling the integration of vendor-neutral archives coupled with electronic health records (EHRs), there is significant growth. The strategies followed by the company such a collaborations, mergers & acquisitions, and innovation of novel solutions to increase VNA & PACS revenue. For instance, in August 2021, RamSoft announce the launch of Omega AI VNA. Additionally, its vendor-neutral archive offers the seamless exchange of images and imaging data among healthcare enterprises.
Recent Developments:
For instance, in November 2022, ScImage Inc. a leading provider of Cloud-native enterprise imaging and reporting solutions for all 'Ologies highlight the Power of Connection with both partnership and product updates, at the annual Radiological Society of North America (RSNA) meeting.
Key features of the study:
- This proposed research study on vendor-neutral archive (VNA) and PACS market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year.
- The report provides the client the latest up-to-date and trending insights about the vendor-neutral archive (VNA) and PACS market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for vendor-neutral archive (VNA) and PACS market.
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the vendor-neutral archive (VNA) and PACS market.
- Impact of COVID-19 on vendor-neutral archive (VNA) and PACS market size; forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on vendor-neutral archive (VNA) and PACS market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the vendor-neutral archive (VNA) and PACS market, we have also included competitive landscape and key innovator analysis for the vendor-neutral archive (VNA) and PACS market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants who will help users to understand their financial information and strategic initiatives of players operating in the vendor-neutral archive (VNA) and PACS market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global vendor-neutral archive (VNA) and PACS market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL VENDOR-NEUTRAL ARCHIVE (VNA) AND PACS MARKET KEY PLAYERS
- Dejarnette Research Systems, Inc.
- Siemens Healthineers AG
- Dell, Inc.
- Hyland Software Inc.
- FUJIFILM Holdings America Corporation
- GE Healthcare
- INFINITT Healthcare Co. Ltd.
- IBM Corporation
- BridgeHead Software Ltd.
- Koninklijke Philips N.V.
- Mach 7 Technologies Ltd.
- Agfa-Gevaert Group
- Novarad Corporation
- Sectra AB
- ASPYRA LLC
- Change Healthcare Inc.
- Carestream Health, Inc.
GLOBALVENDOR-NEUTRAL ARCHIVE (VNA) AND PACS MARKET, BY PROCUREMENT MODEL
GLOBAL VENDOR-NEUTRAL ARCHIVE (VNA) AND PACS MARKET, BY VENDOR TYPE
- PACS Vendors
- Infrastructure Vendors
- Independent Software Vendors
GLOBAL VENDOR-NEUTRAL ARCHIVE (VNA) AND PACS MARKET, BY END USER
- Diagnostic Imaging Centers
- Hospitals
- Other
GLOBAL VENDOR-NEUTRAL ARCHIVE (VNA) AND PACS MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA