The size of the Vendor Neutral Archive (VNA) & PACS Market in Latin America has been estimated at USD 0.31 billion in 2022. It is projected to reach USD 0.42 billion by 2027, at a CAGR of 6.48% during the forecast period from 2022 to 2027.
Factors driving the growth of the VNA & PACS market in Latin America include increasing investments in the medical imaging market, technological advancements in diagnostic imaging modalities, rising geriatric imaging volumes, increasing healthcare IT and EHR adoption, and increasing big data in healthcare. In addition, increased adoption of easy access to medical image management systems and major medical players are further expected to promote the VNA and PACS market in this region.
According to the World Health Organization (WHO), chronic disease-related mortality will account for 73 percent of all fatalities by 2020, with a 60 percent healthcare burden. Healthcare regulatory bodies around the world are focusing on developing recommendations for correct chronic disease diagnosis and treatment and preventive measures on lowering the death. Chronic disease has a high mortality rate and a high healthcare burden.
To assess the health state of ill patients and handle their health issues, healthcare providers rely on electronic healthcare records and patient clinical data. VNA and PACS are used to deliver EHR and clinical data to users at any time.
Factors including data migration and a lack of interoperability impede the market's growth. In addition, the lack of connectivity in remote locations and inadequate facilities and infrastructure for the underprivileged are hindering market expansion.
This research report on the Latin America Vendor Neutral Archive (VNA) & PACS Market is segmented and sub-segmented into the following categories:
Vendor Neutral Archive (VNA) Market:
By Business Mode:
By Mode of Delivery:
Picture Archiving and Communication System (PACS) Market:
By Business Mode:
By Type of Instruments:
By Mode of Delivery:
Regionally, Brazil accounts for 60% of the VNA & PACS market, followed by Argentina. Factors such as rapid urbanization and technological advancements drive the market in Latin America. Latin America had a moderate share of the worldwide market geographically in 2020. Because of the competitive environment key players face due to the rise of local IT healthcare firms providing VNA and PACS solutions and developing healthcare infrastructure, Latin America is expected to grow at an exceptional rate throughout the projection period.
In addition, during the forecast period, the penetration of AI in medical imaging, integration of PACS/VNA with EMR, and hybrid & cloud-based solutions are projected to generate potential for companies in this market. The primary factors driving the market in the region are the reduction in administration expenses, the increase in the number of patients diagnosed every hour, easy handling, and evaluation and transfer of images after imaging.
Mexico and Brazil are expanding hospital budgets to implement sophisticated technologies, increasing the use of medical imaging equipment, increasing demand for enterprise-wide image data management, and emphasizing value-based care. In addition, the growing use of imaging modalities is fueling the expansion.
Furthermore, PACS has improved hospital workflow by reducing the diagnostic time from hours to minutes. The PACS monitor systems are crucial in detecting and fixing connectivity issues rapidly.
Information-based decision-making is critical for delivering excellent care and sustaining efficiency in today's healthcare systems at the regional level. For effective decision-making, patient data must be available. Despite the fact that the data is stored in diverse systems across various healthcare providers, clinicians do not have easy access to it. As a result, doctors' ability to make effective decisions is aided by integrating VNA or PACS with EHR systems.
KEY MARKET PLAYERS:
Companies playing a prominent role in the Latin America Vendor Neutral Archive (VNA) & PACS Market profiled in this report are Acuo Technologies, which leads the global VNA market, followed by Agfa HealthCare, Carestream Health, Dell, Inc., BridgeHead Software, Fujifilm Corporation, Merge Health, GE Healthcare, Philips Healthcare, Siemens Healthcare, McKesson Corporation, and TeraMedica (U.S.).
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: firstname.lastname@example.org