The size of the Global Vendor Neutral Archive (VNA) & PACS Market was worth USD 3.26 billion in 2019 and is projected to reach USD 4.3billion by 2024, at a CAGR of 5.8% during the forecast period from 2019 to 2024.
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-premise VNA and hybrid VNA. Also, there are two types of PACS, and they are enterprise PACS and departmental PACS.
The primary factor that is boosting the growth of the global vendor-neutral archive and PACS market is the availability of favorable policies and suitable 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 are boosting the growth of the vendor-neutral archive and PACS market across the world. The adoption of advanced technologies for better management is also boosting up the growth rate of the Global Vendor Neutral Archive (VNA) & PACS Market.
Innovative strategies and collaborations are adopted by the market players 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 demand for VNA technology which is assumed to offer growth opportunities for stakeholders in the market. Reformation of policies and encouragement from governments in various regions is likely to boost the demand of the market 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 the adoption of a holistic approach to offering a better quality of healthcare are anticipated to provide lucrative opportunities or the growth of VNA and PACS market during the outlook period.
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 are also expected to slow down the growth rate of the vendor-neutral archive and PACS market during the forecast period.
Key happenings in this market in the recent past:
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 - 2024 |
|
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. |
|
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 segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2024.
Vendor Neutral Archive (VNA) Market Analysis - By Business Mode:
Vendor Neutral Archive (VNA) Market Analysis - By Vendors:
Vendor Neutral Archive (VNA) Market Analysis - By Mode of Delivery:
Based on the mode of delivery, the on-premise VNA segment is dominating the market and is contributing the largest share among the delivery modes owing to the factors such as data can be 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 the adoption of cloud technology to store medical images which are considered to be a cost-cutting method.
Picture Archiving and Communication System (PACS) Market Analysis – By Business Mode:
Picture Archiving and Communication System (PACS) Market Analysis – By Type of Instruments:
Picture Archiving and Communication System (PACS) Market Analysis – By Components:
Picture Archiving and Communication System (PACS) Market Analysis – By Mode of Delivery:
Regional Analysis:
North America is dominating the global market and is likely to grow at a high pace during the forecast period due to increasing adoption off 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.
Top companies in the market
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 trends in mergers and acquisitions 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 huge potential in the health care sector.
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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