CHICAGO, May 10, 2024 /PRNewswire/ -- Vendor Neutral
Archive (VNA) & PACS Market in terms of revenue was
estimated to be worth $4.6 billion in
2024 and is poised to reach $7.3
billion by 2029, growing at a CAGR of 9.5% from 2024 to 2029
according to a new report by MarketsandMarkets™.
The growth in the Vendor Neutral Archive (VNA) & PACS market
is driven by increasing demand for standard-based medical image
archiving solutions, increasing adoption of digital medical imaging
technologies, such as MRI, CT scans, and X-rays, and advanced
storage and management solutions. Moreover, the rising prevalence
of chronic diseases and age-related conditions is fuelling the
demand for diagnostic imaging services, leading to a surge in the
volume of medical imaging data generated. However, the high
implementation and maintenance cost associated with these systems
poses a challenge to the market growth.
Download an Illustrative overview:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1255
Browse in-depth TOC on "Vendor Neutral Archive (VNA) &
PACS Market"
150 - Tables
50 - Figures
320 -
Pages
Vendor Neutral Archive (VNA) & PACS Market
Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$4.6 billion
|
Estimated Value by
2029
|
$7.3 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 9.5%
|
Market Size Available
for
|
2022–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Product Type, Modality,
Deployment, Vendor type, Application, and End user
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Latin America, and Middle East Africa
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Increasing Medical
Imaging Procedures and Large Imaging Data Silos
|
Key Market
Drivers
|
Growing demand for
streamlined healthcare data management solutions
|
VNA segment accounted for the largest share of the global
Vendor Neutral Archive (VNA) & PACS market in 2023.
On the basis product type, the Vendor Neutral Archive (VNA)
& PACS market is segmented into VNA and PACS segment. The VNA
segment accounted for the largest share of the product type segment
in 2023. As this solution liberate data from being stored within
various departmental silos. This significantly reduces the
operating cost and support costs as well as data migration costs.
In addition to the cost savings, these solutions also help to meet
the Health Insurance Portability and Accountability Act (HIPAA)
Security Rule. Additionally, cloud VNAs facilitate remote access to
medical images, enabling collaborative care, telemedicine, and
remote diagnostics, which are increasingly vital in today's
distributed healthcare environment
By modality, Computed Tomography (CT) segment accounted for
the largest market share in 2023.
Based on modality, the Vendor Neutral Archive (VNA) & PACS
market is segmented into CT, mammography, MRI, ultrasound, X-rays,
and PET. The CT segment held the largest market in 2023 due
growing need for accurate and early diagnosis, advancements in
technology, and the digitalization of healthcare. Additionally, CT
scans play a crucial role in preventing unnecessary surgeries,
improving cancer diagnosis and treatment, and enhancing patient
care. Thus, the efficiency, versatility, and effectiveness of CT
scans have made them indispensable in modern healthcare, driving
their dominance in the VNA and PACS market as the preferred imaging
modality for a diverse range of medical applications.
Hospitals & clinics are largest end users of the Vendor
Neutral Archive (VNA) & PACS market
Based on end users, the Vendor Neutral Archive (VNA) & PACS
market is segmented into hospitals & clinics, diagnostic
centers, ambulatory surgical centers, and other end user which
includes academic and research institutes. The hospitals &
clinics held the largest share among the end-users in 2023 as these
end users generate a large volume of medical images daily. The need
for efficient image management, storage, and retrieval is crucial
in hospitals to provide timely and accurate diagnoses and treatment
plans. Hospitals also have the necessary infrastructure and
resources to invest in advanced medical imaging technologies,
including VNA and PACS systems. Additionally, hospitals often have
multiple departments and specialists who require access to medical
images, making the integration and interoperability capabilities of
VNA and PACS systems essential. Thus, the increasing demand for
medical imaging services, coupled with the need for efficient and
effective image management, has led to the growth of the VNA and
PACS market in hospitals. Furthermore, the ongoing advancements in
medical imaging technology, such as 3D and 4D imaging, have
increased the need for VNA and PACS systems to manage and store
large volumes of high-resolution images.
North America dominates the
global Vendor Neutral Archive (VNA) & PACS market.
The Vendor Neutral Archive (VNA) & PACS market is segmented
into five major regional segments, namely, North America, Europe, Asia
Pacific, Latin America, and
Middle East and Africa. In 2023, North America accounted for the largest share
of the Vendor Neutral Archive (VNA) & PACS market. This
region's dominance is due to well-established healthcare system
with a high adoption rate of advanced medical technologies.
The United States is a significant
contributor to the market, with a large number of hospitals and
healthcare facilities investing in VNA and PACS systems to manage
their growing medical imaging data. Moreover, in recent years,
several startup players have emerged in the VNA and PACS market,
offering innovative solutions to address the challenges of medical
image management. These startups are leveraging advanced
technologies like cloud computing, artificial intelligence, and
machine learning to develop solutions that are more efficient,
user-friendly, and cost-effective than traditional VNA and PACS
systems
Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=1255
Vendor Neutral Archive (VNA) & PACS Market
Dynamics:
Drivers:
- Growing demand for streamlined healthcare data management
solutions
Restraints:
- Lack of standardized protocols and interoperability
frameworks
Opportunities:
- Increasing Medical Imaging Procedures and Large Imaging Data
Silos
Challenge:
- Data security issues
Key Market Players of Vendor Neutral Archive (VNA)
& PACS Industry:
Prominent players in the Vendor Neutral Archive (VNA) & PACS
market include Hyland Software, Inc. (US), Agfa-Gevaert
Group. (Belgium), Intelerad
Medical Systems Inc (Canada),
CANON MEDICAL SYSTEMS CORPORATION (Japan), FUJIFILM Holdings Corporation
(Japan), GE HEALTHCARE
TECHNOLOGIES INC. (US), Merative (US), Sectra AB
(Sweden), Siemens Healthcare
Limited (Germany), BridgeHead
Software Ltd. (UK), Canopy Partners. (US), Novarad Corporation.
(US), POSTDICOM (Netherlands),
AdvaHealth Solutions Pte Ltd (Singapore), CrelioHealth (India), Medicasoft. (US), Esaote SPA
(Italy), PaxeraHealth (US), VISUS
Health IT GmbH (Germany), ASPYRA,
LLC (US), Dedalus S.p.A. (Italy),
SoftTeam Solutions Pvt Ltd. (India), ARO Systems (Australia), Central Data Networks
(Australia), and ONEPACS (US)
Breakdown of supply-side primary interviews, by company type,
designation, and region:
- By Company Type: Tier 1 (40%), Tier 2 (35%), and Tier 3
(25%)
- By Designation: C-level (35%), Director-level (45%), and Others
(20%)
- By Region: North America
(55%), Europe (20%), Asia Pacific (15%), Latin America (5%) and Middle East Africa
(5%)
Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1255
Recent Developments of Vendor Neutral Archive (VNA) &
PACS Industry:
- In January 2024, RamSoft
(Canada) launched imaging EMR
solution, named OmegaAI. The solution is a cloud-native, serverless
imaging EMR software platform that consolidates VNA, Enterprise
Imaging, PACS, RIS, simplified image exchange/sharing, routing
& storage, a zero-footprint (ZFP) viewer, unified worklist,
radiology reporting, document management, peer, patient portal, and
a real-time business intelligence and analytics solution.
- In November 2023, InsiteOne (US)
announced to acquire BRIT Systems cloud native RIS/PACS/VNA
solution to advance imaging workflows. This acquisition will
continue to focus on developing cost-effective solutions that
improve operational productivity while enhancing patient care.
- In November 2022, GE HEALTHCARE
TECHNOLOGIES INC. (US) collaborated with Tribun Health
(Paris), to offer digital
pathology departmental solutions that give healthcare providers a
comprehensive perspective of patient records, this collaboration
aims to integrate Tribun's Health Suite data with GE Healthcare's
solutions, including its vendor-neutral archive (VNA) solution
portfolio.
Vendor Neutral Archive (VNA) & PACS Market - Key Benefits
of Buying the Report:
This report studies the Vendor Neutral Archive ( VNA ) &
PACS market based on product type, modality, deployment, vendor
type, application, end user, and region. The report also analyses
factors (such as drivers, opportunities and challenges) affecting
market growth. It evaluates the opportunities and challenges in the
market for stakeholders and provides details of the competitive
landscape for market leaders. The report also studies micro markets
with respect to their growth trends, prospects, and contributions
to the total Vendor Neutral Archive ( VNA ) & PACS market. The
report forecasts the revenue of the market segments with respect to
five major regions.
Reasons to Buy the Report - This report also
includes:
- Analysis of key drivers (growing volume of medical Imaging
data, shift towards value-based care and digital transformation,
healthcare IT-specific government regulations), restrains (rising
incidences of data breaches, interoperability challenges),
challenges (lack of standardization, user adoption and training),
opportunities (patient-centric approach to deliver enhanced care to
open new avenues for development of VNAs, cloud-based solutions to
represent high-growth opportunites) are contributing the growth of
the Vendor Neutral Archive ( VNA ) & PACS market.
- Product Development/Innovation: Detailed insights on upcoming
trends, research & development activities, and new software
launches in the Vendor Neutral Archive ( VNA ) & PACS
market.
- Market Development: Comprehensive information on the lucrative
emerging markets, components, application, end-user, and
region.
- Market Diversification: Exhaustive information about the
software portfolios, growing geographies, recent developments,
investments in the Vendor Neutral Archive ( VNA ) & PACS
market.
- Competitive Assessment: In-depth assessment of market shares,
growth strategies, product offerings, company evaluation quadrant,
and capabilities of leading players in the global Vendor Neutral
Archive ( VNA ) & PACS Market.
Related Reports:
mHealth Solutions Market - Global Forecasts to 2028
Telehealth & Telemedicine Market - Global Forecasts
to 2028
Clinical Decision Support Systems Market - Global
Forecasts to 2028
Top 10 Medical Device Technologies Market - Global
Forecasts to 2027
Healthcare IT Market - Global Forecasts to 2027
Get access to the latest updates on Vendor Neutral Archive (VNA)
& PACS Companies and Vendor Neutral Archive (VNA) & PACS
Market Share
About MarketsandMarkets™:
MarketsandMarkets™ has been recognized as one of America's
best management consulting firms by Forbes, as per their recent
report.
MarketsandMarkets™ is a blue ocean alternative in growth
consulting and program management, leveraging a man-machine
offering to drive supernormal growth for progressive organizations
in the B2B space. We have the widest lens on emerging technologies,
making us proficient in co-creating supernormal growth for
clients.
Earlier this year, we made a formal transformation into one of
America's best management consulting firms as per a survey
conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are
substituting existing revenue streams in this decade alone. We work
with clients on growth programs, helping them monetize this
$25 trillion opportunity through our
service lines - TAM Expansion, Go-to-Market (GTM) Strategy to
Execution, Market Share Gain, Account Enablement, and Thought
Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several
Forbes Global 2000 B2B companies - helping them stay relevant in a
disruptive ecosystem. Our insights and strategies are molded by our
industry experts, cutting-edge AI-powered Market Intelligence
Cloud, and years of research. The KnowledgeStore™ (our Market
Intelligence Cloud) integrates our research, facilitates an
analysis of interconnections through a set of applications, helping
clients look at the entire ecosystem and understand the revenue
shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us
on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish
Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Logo:
https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/vendor-neutral-archive-vna--pacs-market-worth-7-3-billion--marketsandmarkets-302142209.html