A picture archiving and communication system (PACS) is a medical imaging technology which provides economical storage and convenient access to images anytime. But when a hospital needs to migrate a PACS vendor, the complete earlier data need to be migrated in the format of the newly procured PACS. It is both time and money consuming.
To solve this problem new technique called Vendor Neutral Archiving (VNA) has emerged. This is also a medical imaging technology that stores images in a standard format with a standard interface, but this can be accessed in a vendor neutral manner and hence called Vendor Neutral Archiving (VNA). Some of the key benefits of VNA and PACS are the rapid exchange of information (medical image), clarity and transparency of information, and time and cost efficiency.
The Global VNA and PACS Market is estimated to be valued at USD 2.93 billion in 2016 and is projected to reach USD 4.13 billion by 2021, at a CAGR of 5.9% during the forecast period from 2016 to 2021. Reduced storage, maintenance, migration and recovery cost of medical image is the key driver of this market. Additionally, government incentives and initiatives in order to promote healthcare IT, and technological advancements, among others are some of the other drivers of this market.
The technology also has certain constraints to overcome, such as lack of properly trained professionals, high cost of initial investments, and complexity of data. Data Integrity and safety is also a key concern. However, the technology has several opportunities as well. The growing importance of healthcare sector in emerging economies, the rising investments in venture capital funds, and the implementation of trends in the medical-IT field holds immense potential for this sector.
The global Vendor Neutral Archive (VNA) Market is segmented on the basis of mode of delivery (On-premise Model, Cloud-based Model and Hybrid), Business mode (Enterprise and Departmental), Vendors (Independent and commercial);
The Global Picture archiving and communication system (PACS) market is segmented on the basis of component (Imaging modalities (X-ray, Computed Tomography (CT), Magnetic Resonance Imaging (MRI)), Secured Network, Workstations and Archives), Business mode (Enterprise and Departmental), and Delivery mode (mobile based, cloud based, client server based). The global Vendor Neutral Archive (VNA) & Picture archiving and communication system (PACS) market is again segmented on the basis of Geography (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America).
The major market players in this market are GE healthcare, Seimens Healthcare, Philips Healthcare, IBM, Dell, AGFA Healthcare, Infinitt, Mckesson, Nova, Meditech etc. The primary stakeholders of this technology are healthcare IT firms, care organizations, health insurance providers, healthcare payers, healthcare providers, and venture capitalists.
Key Deliverables in the Study
Market analysis for the VNA and PACS Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global healthcare VNA and PACS market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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