Vendor Neutral Archive (VNA) and PACS Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMICT207 | Last Updated On: Jul 05 2022 | Available Formats

> Global Vendor Neutral Archive (VNA) and PACS Market Expected to reach a high CAGR of 6% By 2029: DataM Intelligence

Global Vendor Neutral Archives (VNA) and PACS Market is segmented By Delivery Mode (On-Premise, Cloud Hosted, Hybrid VNA), By Product Type (Imaging Modalities, PACS, VNA Software, Data Storage Solutions, Data Centres), By Usage (Single Department, Multiple Department, Multiple Sites), By End-user (Software  Vendors, Infrastructure Vendors), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029


Market Overview

The Global Vendor Neutral Archive (VNA) and PACS Market is expected to grow at a CAGR of 6% during the forecasting period (2022-2029).

Market Drivers

  • Increasing demand for universalization of medical image archiving,
  • Growing demand for storage of non-image medical data,
  • Reducing data storage costs and
  • High-level integration with the EHR industry.

Market Restraints

  • However, the market is affected by the availability of long-term data which further affects the decisions of service providers. The market growth is also hindered by the extended product lifecycle and even by the fact that both VNA & PACS are not stand-alone products.
  • Workflow is the major challenge in the healthcare sector, as the informational processes must be adequately streamlined to deliver the right treatment for the respective patient.
  • Though many technologies made their way to this market, VNA has made its mark and for all the right reasons.
  • Neutrality is the primary focus of VNA. Data storage at non-proprietary and interchangeable formats differentiates the VNA from others.
  • Also, owing to the high volume of medical images, providers are looking for better approaches to access and store them.
  • Moreover, VNA makes it easier by separating the imaging layer from the archiving layer. All the factors are contributing to the growth of the market.
  • According to the study in 2016, around 35% of the American hospitals have adopted VNA, and another 20-25 percent were planning to implement this approach in their organizations.

Market Segmentation

  • Global Vendor Neutral Archive and PACS Market consist of the following segments based on the product: Imaging Modalities, PACS, VNA Software, Data Storage Solutions, and Datacenters.
  • The market is also segmented based on delivery mode into on-premise, cloud-hosted, and Hybrid VNA. Further, the market has the following categories based on the usage: single, multiple departments, and multiple sites. Finally, the market is classified by the end-users into software vendors and Infrastructure vendors.
  • High security and better access to the data have led the On-premise category to hold the lion's share of the market based on delivery mode.
  • Enhanced data control and high security are the major factors that differentiate on-premise from others.
  • Also, the growth of healthcare centers and demand for individual data centers are poised to extend the market in the coming years.
  • However, high costs incurred in this segment restrict the on-premise market growth. This factor has created an opportunity for the Hybrid VNA, which involves cloud-based components for storage. Medium and small-scale medical data centers are implementing this strategy for the past few years. This is expected to grow at a higher growth rate in this segment.
  • The report on Global Vendor Neutral Archive and PACS market also provides geographical analysis. North America has the largest market for VNA & PACS, due to the acts such as HITECH and ACA.
  • The same trend will be witnessed in the coming years in this region. India, China, and Australia are expected to have a large market shortly. This can be attributed to government support and increasing awareness regarding the efficiency of the product. The major companies in the VNA & PACS market include IBM, Dell, Toshiba, and Siemens.

Scope of the report

  • The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
  • The report profiles the following companies, which includes AGFA Healthcare, ACUO Technologies, Novarad Corporation, Fujifilm Corporation, IBM, Dell, Toshiba Healthcare, Siemens Healthcare, Philips Healthcare, TeraMedica, and GE Healthcare

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