VNA & PACS Market

VNA & PACS Market Size (2023 to 2028)

The global vendor-neutral archive & picture archiving and communication system market is predicted to be growing at a CAGR of 5.8% from 2023 to 2028. The size of the market is estimated to be worth USD 4.83 billion by 2028 from USD 3.65 billion in 2023.

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 significant fields of the medical image management sector. There are two types of VNA, 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, and standard 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 the 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:

The lifecycles of VNA is 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 archives) allow for image acquisition, management, and storage while 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 patient diagnoses. 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 had positive growth due to this pandemic.

REPORT COVERAGE:

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:

• Enterprise
• Departmental

Vendor Neutral Archive (VNA) Market - By Vendors:

• Independent Vendors
• Commercial Vendors

Vendor Neutral Archive (VNA) Market - By Mode of Delivery:

• On-Premise VNA
• Hybrid VNA
• Complete Cloud-Hosted VNA

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 security 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:

• Enterprise
• Departmental

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 medical images escalate the segment growth. Growing adoption of imaging models, and 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:

• X-ray
• Computed Tomography
• Magnetic Resonance Imaging
• Nuclear Imaging
• Ultrasound

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 and the high acquisition of telehealth is escalating the PACS market.

Picture Archiving and Communication System (PACS) Market – By Components:

• Hardware
• Software

Picture Archiving and Communication System (PACS) Market – By Mode of Delivery:

• Mobile Based
• Cloud-Based
• Client-Server Based

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
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

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 VNAs, hospital consolidations, and EHRs 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 VNAs 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 healthcare sector.

RECENT MARKET HAPPENINGS:

• In Jan 2020, GE Healthcare inaugurated the Edison developer program, which can be implanted to boost the adoption of Artificial Intelligence for market providers. It provides access to various applications integrated with market-ready programs and algorithms to healthcare providers.
• In May 2018, bridgehead software collaborated with Wales and England cricket boards to offer its clinical archive to all the players in the teams. This collaboration has enabled the players to manage their storage, improved accessibility, and share medical images. It has optimized treatment procedures by quickly identifying the course of action with the help of shared data to clinicians available in the teams.