Global Vendor Neutral Archive (VNA) Market - Forecasts from 2024 to 2029

The vendor-neutral archive (VNA) market is projected to grow at a compound annual growth rate of 7.42% from the market size of US$601.070 million in 2022 to reach US$992.481 million in 2029.

The growth is attributed to the increasing demand for medical image archiving systems universalization, a reduction in data storage costs, and the high-level integration of the electronic health record industry. The vendor-neutral archive is also preferred due to its compatibility with older data archival systems.

The vendor-neutral archive (VNA) is a technology for medical imaging. The medical images and documents are archived in a proper standardized format with a standard interface. Due to the standardization, these images can be accessed in a vendor-neutral manner by any other system. The term is used in the traditional picture archiving and communication system.

The VNA and picture archiving and communicating systems share many common features. The VNA market is estimated to grow during the forecast period owing to the rising demand for storage based on standards, disaster recovery, lifecycle management strategies, and favorable government regulations for many top VNA companies.

Market Drivers:

• The growing trend of electronic health records (EHR) is expected to propel the market.

At present, information-based decision-making is crucial for delivering quality care and maintaining efficient healthcare management. The availability of patients' health-related data is required for crucial decision-making. Although the data or patient information does exist in the various systems of numerous healthcare providers, it is not readily available to the doctor or clinician.

Most of the time, the patients' data is being floated in departmental silos and file systems. This will ultimately lead to decisions being taken based on incomplete information. In an attempt to prevent such situations or such decisions, the trend of electronic health records has been evolving. The vendor-neutral archive integrates the consolidation of patients' information with an electronic health record system. This allows doctors and clinicians to make effective decisions. The trend of electronic health records started long ago.

The initiatives taken by governments to enhance its outreach by undertaking various programs have accelerated its growth in both developed and developing countries worldwide. However, the EHR system is adopted more widely in developed countries owing to the early adoption of advanced technology. T Organizations with the high-level integration of electronic health records can liberate the patient's information and make it available to doctors or other healthcare professionals whenever required.

Picture archiving and communication systems, which have common features of VNA systems, are also expected to grow with the VNA market. Due to the rising awareness regarding VNA and picture archiving and communication systems, the adoption of these technologies has been done by many hospitals in developed countries, and a similar scope is expected in developing countries as well.

Other factors contributing to the VNA system's growth are the increasing focus on the healthcare sector and rising healthcare expenditures. The Vendor Neutral Archive is mostly used in radiology. It is also applied in ultrasound and MRI systems to record and store patient data.

Market Restraints:

• The high cost of the system could hamper the market growth.

The vendor-neutral archive is avoided by consumers because this system does not provide long-term data. Similarly, this archive product does not stand alone with a short lifecycle. These factors create an obstacle in the path of the VNA market. Due to its high cost and doubts about its performance in storing large amounts of data, many developing countries have not implemented this technology in their hospitals.

North America holds a significant market share

North America has dominated the vendor-neutral archive market and is expected to continue its top position during the forecast period. North American countries, such as the United States and Canada, are the early adaptors of advanced technologies. These countries are at the frontline of reducing healthcare costs by applying various innovations.

Information systems are capable enough to reduce this cost and improve the outcomes. This system also improves the quality-of-care delivery. Considering these many advantages of the VNA system, North America is enhancing the development and usage of VNA in its countries. Thus, is expected to grow at a faster pace in the Vendor Neutral Archive market during the forecast period.

Key Developments:

• March 2023- ConcertAI's TeraRecon partnered with Avicenna.AI to offer their CINA-iPE solution for detecting incidental pulmonary embolisms on their Eureka Clinical AI platform. The CE-marked AI tool analyzes CT scan images and detects embolisms with high accuracy. Avicenna.AI uses deep learning to identify and quantify life-threatening pathologies from CT images. TeraRecon's Eureka Clinical AI platform is the leading AI SaaS imaging interpretation and clinical decision augmentation solution, open to third-party AI algorithms. This global partnership aims to improve systematic reporting and treatment of life-threatening pulmonary emboli.
• November 2022- Intelerad Medical Systems, a global leader in medical image management solutions, predicts a $76.8 billion cloud adoption by 2026 due to the COVID-19 pandemic and security concerns. Cloud technology offers comprehensive security measures, data redundancy, backup, and improved costs compared to on-premise solutions. Leading hospitals and health systems are focusing on cloud adoption for better access, improved medical data, and better enterprise imaging strategies. Intelerad's Cloud-Native Disaster Recovery solution provides secure, isolated, and immutable copies of patient imaging, while its Cloud Long-Term Archive ensures patient health information is safe and accessible.
• April 2022- Fujifilm Healthcare Americas Corporation awarded a contract by the U.S. Department of Defense to standardize its digital imaging network's picture archiving and communication systems (DIN-PACS) in U.S. Naval and Air Force medical treatment facilities. The award was awarded through Fujifilm's 2017 DIN-PACS contract with the Defense Logistics Agency. The company has invested significantly in advancing its enterprise imaging portfolio to support critical healthcare environments. Synapse PACS, Fujifilm's next-generation server-side PACS system, enables secure imaging and reporting access beyond radiology departments and unifies imaging data across the enterprise.
• March 2022-Philips introduced Ultrasound Workspace, a 2D/3D echocardiography solution that streamlines diagnostic workflows, improving diagnostic quality and productivity. The system features a user-friendly interface and AI-enabled image analysis tools, enabling faster quantitative measurements and improved inter-observer consistency. It also offers vendor-neutral application and data source capabilities. Philips has been instrumental in 3D echocardiography advancement, with software developed with input from physicians. The system offers an agile technology platform, flexible licensing for small- to large-scale organizations, and comprehensive application support.

Market Segmentation:

By Delivery Type

• On-Premises VNA
• Hybrid VNA
• Fully Cloud-Hosted VNA

By Model

• Departmental VNA
• Multi-Departmental VNA
• Multi-Site VNA

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Thailand
• Taiwan
• Indonesia
• Others