The purpose of this research study titled ‘Vendor Neutral Archives (VNA) and Picture Archiving and Communication Systems (PACS) Market - Growth, Future Prospects, and Competitive Analysis, 2020 – 2028’ is to provide investors, developers, company executives, and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global VNA and PACS market.
This report examines combined and independent markets for VNA and PACS solutions. For the purpose of this study, the global VNA market is categorized in terms of delivery mode, procurement mode, and vendor type. The VNA market by delivery mode is categorized into cloud-based, on-premise, and hybrid VNA. Departmental and enterprise are the two procurement modes prevalent in the VNA market. VNA is either available through independent VNA vendors or PACS vendors.
The PACS market studied in this report is categorized in terms of procurement mode and imaging modality. The imaging modalities thus considered are X-ray, CT, ultrasound, MRI, and PET, and SPECT. Similar to VNA, procurement modes in the PACS market are classified as departmental PACS and enterprise PACS. This report provides market size and forecast for each considered segment and sub-segment for the period 2018-2028, along with respective CAGRs for the period 2020-2028, while considering 2019 as the base year.
Market size and forecast for each region and country-level markets, by VNA and PACS, are provided in this report for the period 2018-2028 along with their respective CAGRs during 2020-2028, considering 2019 as the base year.
Along with the quantitative information sets, this report also provides qualitative information sets such as market dynamics and executive summary for the global VNA and PACS market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with the company profiles section. This section includes major information about the key companies engaged in the development, manufacture, and sale of VNA and PACS.
VNA Products Segmentation Investigation
The current status of image storage and management is evolving above traditional PACS. Since its introduction, VNA has established its stronghold in the image management market and is moving the manner in which healthcare facilities store, retrieve and manage patient data. Apart from exclusive VNA vendors, PACS vendors have also ventured into this market in order to tackle the overwhelming cannibalization by VNA. VNA was introduced in the 2000s and its popularity is phenomenal. As healthcare systems are increasingly facing the demand for better information storage, sharing and transmission needs, compliance with Meaningful USE criteria, and improvement in efficiency, VNAs will gradually become indispensable for healthcare organizations.
Information technologies in healthcare are rapidly evolving and the cost of keeping up with such developments is significant. Therefore, healthcare systems need to decide significant investments on PACS or VNA, they must contemplate how their current needs may change over time. Hence, hospitals and healthcare organizations desire a management solution that can be easily adopted today and which would eventually evolve and solve future contingencies.
PACS Products Segmentation Investigation
Picture Archiving and Communication System (PACS) facilitates short- and long-term storage, retrieval, management, distribution, and presentation of medical images. PACS allows healthcare systems to image management on departmental and enterprise levels. While investing in a PACS solution, a hospital system has to consider the environment of deployment. Major components of PACS are imaging modality, a secure online network for distribution and information exchange, workstation, and a secure cloud or local server. The Healthcare system for installing, upgrading, or replacing PACS can be motivated for the same by workflow inadequacies or evolution and a desire for PACS that allows them to store and retrieve images within one repository. The rapid evolution and adoption of health information technology is supporting the demand for PACS. The growth of this market will be driven by government reforms and initiatives towards healthcare centralization. The penetration of PACS into specialties such as endoscopy and oncology will lead to additional PACS applications and thus market growth. Furthermore, features such as integrated speech recognition and advanced clinical decision support systems will also contribute to the expansion of the PACS market.
Geographically, the global VNA and PACS market is cumulative to North America, Europe, Asia-Pacific, and RoW(the Middle East and Africa and Latin America).
North America is observed as the largest market for VNA and PACS. It is suggested that through supportive legal reforms such as the HITECH Act, and the ACA, the U.S. market is expected to witness high adoption of VNAs and EMR. Intensive focus on government rewards on data consolidation and exchange and region-wide installation of clinical archiving in the U.S. and Canada further strengthens the position of the North American market. Offered benefits from the installation of VNA and PACS such as cost-saving, multiple consultations, and patient satisfaction are certainly additional factors that support the demand for VNA and PACS from a longer perspective. Moreover, the escalating need of healthcare providers to efficiently manage records of claims and reimbursements also facilitates the growth of the VNA and PACS market in North America and Europe. The Asia Pacific is anticipated to witness the fastest market growth during the forecast period. Healthcare IT reforms in countries such as Australia, Japan, and Canada and the growing reach of healthcare enterprises in countries such as India, Korea, and the Philippines drive the market growth in this region.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Vendor Neutral Archives (VNA) and Picture Archiving and Communication Systems (PACS) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Delivery Mode
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Procurement Mode
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Vendor Type
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Modalities
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Procurement Mode
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
