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, 2016–2024” 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 the combined and independent markets for VNA and PACS solutions. For this study, the global VNA market is categorized in terms of delivery mode, procurement mode, and vendor type. The VNA market is categorized by delivery mode into cloud-based, on-premises, and hybrid VNAs. Departmental and enterprise are the two modes of procurement 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 procurement mode and imaging modality. The imaging modalities thus considered are X-ray, CT, ultrasound, MRI, rement mode, and imaging modality. The imaging modalities thus considered are X-ray, CT, ultrasound, MRI, 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 forecasts for each considered segment and sub-segment for the period 2014-2024, along with respective CAGRs for the period 2016-2024, while considering 2015 as the base year.
Geographically, the global VNA and PACS market is studied for North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America regional markets.
Market size and forecast for each regional and country-level market, by VNA and PACS, are provided in this report for the period 2014–2024, along with their respective CAGRs during 2016–2024, considering 2015 as the base year.
Along with the quantitative information sets, this report also provides qualitative information sets such as market dynamics and an executive summary for the global VNA and PACS markets. Tools such as competition assessment and attractive investment propositions are also included in the report to provide the readers with competitive mapping assistance. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development, manufacture, and sale of VNA and PACS.
VNA Product Segmentation Investigation
The global VNA market is studied in the following categories:
- Delivery Mode
- Procurement mode
- Vendor Type
- Independent Vendors
- PACS Vendors
The current status of image storage and management is evolving beyond traditional PACS. Since its introduction, VNA has established its stronghold in the image management market and is changing how healthcare facilities store, retrieve, and manage patient data. Apart from exclusive VNA vendors, PACS vendors have also ventured into this market 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 efficiency improvements, 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 high. Therefore, healthcare systems needing to decide on significant investments in PACS or VNA 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 eventually evolve and solve future contingencies.
PACS Products Segmentation Investigation
The global PACS market is studied for the following categories:
- PET and SPECT
- Procurement mode
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 manage images 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 modalities, a secure online network for distribution and information exchange, workstations, and a secure cloud or local server. Healthcare systems can be motivated to install, upgrade, or replace PACS by workflow inadequacies or evolution and a desire for PACS that allows them to store and retrieve images within one repository.
Rapid evolution and adoption of health information technology support the demand for PACS. The growth of this market will be driven by government reforms and initiatives toward healthcare centralization. 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 for North America, Europe, Asia-Pacific, the Middle East, 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 EMRs. An intensive focus on government rewards for 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 installing VNA and PACS, such as cost savings, 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 for healthcare providers to efficiently manage records of claims and reimbursements also facilitates the growth of the VNA and PACS markets in North America and Europe. Asia Pacific is anticipated to witness the fastest market growth during the forecast period. Healthcare IT reforms in Australia, Japan, and Canada and the growing reach of healthcare enterprises in countries such as India, Korea, and the Philippines drive market growth in this region.
The detailed regional classification of the global VNA and PACS market is as follows:
- North America (U.S. and Canada)
- Europe (U.K., Germany, and the Rest of Europe)
- Asia-Pacific (Japan, China, and the Rest of Asia-Pacific)
- Middle East and Africa
- Latin America