The size of the global vendor-neutral archive & picture archiving and communication system market is predicted to be growing at a CAGR of 5.8% from 2022 to 2027. The size of the market is estimated to be worth USD 4.57 billion by 2027 from USD 3.45 billion in 2022.
The vendor-neutral archive is a procedure that involves the collection, organization, and storage of medical images in sequential order while creating communication between multiple vendor PACS. Vendor-neutral archives and PACS are considered to be the significant fields of the medical image management sector. There are two types of VNA’s, and they are on-premises VNA and hybrid VNA. Also, there are two types of PACS, and they are enterprise PACS and departmental PACS.
MARKET DRIVERS:
The primary factor that boosts the global vendor-neutral archive and PACS market's growth is the availability of favorable policies and applicable regulations for the key market players.
Other factors such as rising demand for cost-cutting solutions, lifecycle management solutions, standards options for the storage of medical images boost the growth of the vendor-neutral archive and PACS market across the world. Adopting advanced technologies for better management also increases the growth rate of the Global Vendor Neutral Archive (VNA) & PACS Market.
The market players adopt innovative strategies and collaborations to boost revenues, which are supposed to create lucrative growth opportunities for the growth of vendor-neutral archive and PACS market. Benefits associated with VNA over PACS have led to a rise in VNA technology demand, which is assumed to offer growth opportunities for stakeholders in the market. The reformation of policies and encouragement from governments in various regions is likely to boost the market demand and increase growth opportunities for the key players in the vendor-neutral archive and PACS market. The integration of cloud technologies for VNA products and adopting a holistic approach to offering a better quality of healthcare are anticipated to provide lucrative opportunities for the growth of the VNA and PACS market during the outlook period.
MARKET RESTRAINTS:
Lifecycles of VNA are very long, which is restraining the growth of vendor-neutral archive and PACS market. A rising account of data breaches and misinterpretation of VNA is also expected to slow down the growth rate of the vendor-neutral archive and PACS market during the forecast period.
COVID-19 impact on the global PACS and VNA market:
COVID-19 is a worldwide public health crisis that has impacted almost every industry. This virus started to spread across the world in early 2020, prompting the World Health Organization to declare it a public health emergency. VNAs (Vendor neutral archive) allows for image acquisition, management, and storage while also streamlining communication between different vendor PACS (Picture Archiving and Communication System). The cloud-based workstations and mobile apps enable radiologists and physicians to access diagnoses, reports, and images through cloud-based PACS regardless of their location. These methods can assist healthcare providers in optimizing treatment quality, lowering costs, increasing effectiveness, and reallocating resources for innovation. This also helps them give effective treatment to the patient while lowering COVID-19 spread or infection risk. The cloud-based PACS solution has also made it simple for these experts to communicate on patient diagnosis. During the COVID-19 pandemic, the most critical measure to take is social isolation. During this period of social distancing, telehealth networks have become a valuable resource for patients to reach out to physicians. A teleradiology platform supported by PACScenter is currently in use in several countries and is used for COVID-19 detection in medical imaging tests. As a result, VNA & PACS Market has positive growth due to this pandemic.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021 to 2027 |
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Base Year |
2021 |
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Forecast Period |
2022 to 2027 |
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Segments Covered |
VNA Market – By Business Mode, Vendors, Mode of Delivery, and Region. PACS Market – By Business Mode, Type of Instruments, Mode of Delivery, Components, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Acuo Technologies (U.S.), Agfa HealthCare (Belgium), Carestream Health (U.S.), Dell, Inc. (U.S.), BridgeHead Software (U.K.), Fujifilm Corporation (Japan), Merge Health (U.S.), GE Healthcare (U.K.), Philips Healthcare (The Netherlands), Siemens Healthcare (Germany), McKesson Corporation (U.S.), and TeraMedica (U.S.). |
This research report on the global vendor-neutral archive (VNA) & PACS market has been segmented and sub-segmented into the following categories.
Vendor Neutral Archive (VNA) Market - By Business Mode:
Vendor Neutral Archive (VNA) Market - By Vendors:
Vendor Neutral Archive (VNA) Market - By Mode of Delivery:
Based on the mode of delivery, the on-premise VNA segment is dominating the market. It contributes the largest share among the delivery modes due to data shared at a high level of securities and better control over the data. The hybrid VNA segment is foreseen to witness rapid growth during the forecast period due to cloud technology adoption to store medical images considered a cost-cutting method.
Picture Archiving and Communication System (PACS) Market – By Business Mode:
The departmental PACS segment is projected to hold the highest share in the VNA and PACS market globally based on the business model. An extensive range of imaging applications in radiology, increasing growth in storage capacity and capturing the medical images escalate the segment growth. Growing adoption of imaging models, rising imaging data among different fields such as radiology, cardiology, oncology, endoscopy, and many more contribute a major share to the growth of the PACS market.
The Enterprise PACS segment is predicted to grow with the highest CAGR over the analysis period. Better medical image availability is likely to mount the enterprise segment growth for the PACS market globally.
Picture Archiving and Communication System (PACS) Market – By Type of Instruments:
Based on the type of instruments, the Computed tomography PACS segment is expected to have the highest share in the PACS market globally. The requirement for CT devices during the pandemic time and the high acquisition of telehealth is escalating the PACS market.
Picture Archiving and Communication System (PACS) Market – By Components:
Picture Archiving and Communication System (PACS) Market – By Mode of Delivery:
Based on the mode of delivery, the Cloud-Based segment is forecasted to grow at a healthy rate during the forecast period. The segment is driven by factors like burgeoning demand for cloud-based solutions. These cloud-based PACS are majorly utilized in hospitals and diagnostic centers, especially in regions like Europe and Asia-Pacific. In the cloud-based PACS market, imaging modalities are the most commanding component globally.
Vendor Neutral Archive (VNA) & PACS Market – By Region:
North America is dominating the global vendor-neutral archive (VNA) & PACS market. It is likely to grow at a high pace during the forecast period due to the increasing adoption of VNA’s, hospital consolidations, and EHR’s owing to acts such as ACA and HITECH. Europe is another significant segment dominating the market after North America due to the adoption of VNS at a large scale by the NHS trust. Asia Pacific is contributing a substantial share of revenues to the global market and is expected to continue the trend during the forecast period owing to the factors such as increasing government initiatives to provide a high quality of healthcare and increasing adoption of VNA’s in emerging countries like China, Japan, India, and others.
KEY MARKET PLAYERS:
The major companies dominating the Global Vendor Neutral Archive (VNA) & PACS Market for its products and services are Acuo Technologies (U.S.), which leads the global VNA market, followed by Agfa HealthCare (Belgium), Carestream Health (U.S.), Dell, Inc. (U.S.), BridgeHead Software (U.K.), Fujifilm Corporation (Japan), Merge Health (U.S.), GE Healthcare (U.K.), Philips Healthcare (The Netherlands), Siemens Healthcare (Germany), McKesson Corporation (U.S.), and TeraMedica (U.S.).
The recent mergers and acquisitions trends show that smaller companies are working with bigger ones for advanced innovations by utilizing their core competencies. The future of this technology looks pretty optimistic as it offers enormous potential in the health care sector.
RECENT MARKET HAPPENINGS:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Vendor Neutral Archives (VNA) Market
5.1.1 By Business Mode
5.1.1.1 Enterprise
5.1.1.2 Departmental
5.1.2 By Vendors
5.1.2.1 Independent Vendors
5.1.2.2 Commercial Vendors
5.1.3 By Mode of Delivery
5.1.3.1 On-Premise VNA
5.1.3.2 Hybrid VNA
5.1.3.3 Complete Cloud-Hosted VNA
5.2 Picture Archiving And Communication System (PACS) Market
5.2.1 By Business Mode
5.2.1.1 Enterprise
5.2.1.2 Departmental
5.2.2 By Type of Instruments
5.2.2.1 X-ray
5.2.2.2 Computed Tomography
5.2.2.3 Magnetic Resonance Imaging
5.2.2.4 Nuclear Imaging
5.2.2.5 Ultrasound
5.2.3 By Components
5.2.3.1 Hardware
5.2.3.2 Software
5.2.4 By Mode of Delivery
5.2.4.1 Mobile Based
5.2.4.2 Cloud Based
5.2.4.3 Client Server Based
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.3.6 Australia
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Argentina
6.4.5 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Acuo Technologies
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Agfa HealthCare
8.3 Carestream Health
8.4 Dell Inc.
8.5 BridgeHead Software
8.6 Fujifilm Corporation
8.7 Merge Health
8.8 GE Healthcare
8.9 Philips Healthcare
8.10 Siemens Healthcare
8.11 McKesson Corporation
8.12 TeraMedica
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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