According to the report “Global Vendor Neutral Archive (VNA) and Picture Archiving and Communication System (PACS) Market,” published by Market Data Forecast, the global market is projected to reach USD 3.86 billion by 2021, at a CAGR 5.8% from 2016 to 2021.Vendor neutral archive (VNA) and picture archiving and communication system (PACS) are considered as two key markets in the medical image management industry. Vendor Neutral Archiving is a medical imaging technology that collects images in a basic format with a basic interface, which can be accessed through various PACS. Technology in this area has grown manifold.
By bringing about the sought after changes in the clinical workflow and by enhancing the unification and availability of data, VNAs have the ability to provide enhanced patient care. VNAs deliver timely access to patient data at the point of care. They also provide quick access to professional help for patients. They aid in decision making and also provide a sense of transparency for the entire process.
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Global VNA & PACS Market: Drivers & Restraints
This market is mainly driven by technological advances, initiatives taken by the government, and an increasing demand for standard based storage, lifecycle management solutions, and disaster recovery. Consolidation of patient data by incorporating VNAs with electronic health records (EHR) is one of the key trends observed in this market. The main issues limiting the growth of this market are misinterpretation of the VNA concept, prolonged VNA lifecycles that sway the buying decisions of users and data breach incidences.
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Global VNA & PACS Market: Segmentation
Vendor Neutral Archives (VNA) Market
By Business Mode
- Independent Vendors
- Commercial Vendors
By Mode of Delivery
- On-Premise VNA
- Hybrid VNA
- Complete Cloud-Hosted VNA
Picture Archiving And Communication System (PACS) Market
By Business Mode
By Type of Instruments
- Computed Tomography
- Magnetic Resonance Imaging
- Nuclear Imaging
By Mode of Delivery
- Mobile Based
- Cloud Based
- Client Server Based
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Global VNA & PACS Market: Overview
On-premise VNA makes up the major segment of the overall VNA market, as on premise VNAs are observed to offer enhanced control and reliable sharing of data. However, Hybrid VNA will be the fastest growing segment and subsequently it will be a new revenue generating segment for companies in this market. Hybrid VNAs allow the cloud to save all the second copies of images, thereby considerably decreasing the cost of disaster recovery. The global PACS market is segmented by business mode into enterprise and departmental, by type of instruments into X–ray, computed tomography, Magnetic Resonance Imaging, nuclear imaging, ultrasound and others, also by components into hardware, software and services.
Global VNA & PACS Market: Region-wise Outlook
Based on geography, the market has been segmented into North America, Europe, Asia-Pacific and the Rest of the World. North America leads the market with the largest consumer base in the world followed by Europe and Asia. The Asia Pacific market, which consists of fast-developing economies, has remained largely untapped. However, this market is expanding steadily and is witnessing rapid growth at present, owing to the increasing adoption of information technology. Developing countries have a huge patient base and thus the necessity for the VNA and PACS technologies is more in this market.
Key Questions Answered
- What is the industry growth forecast from 2016 to 2021?
- What is the current and future VNA & PACS Market outlook worldwide? What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the VNA & PACS space globally?
- What are the technology & innovation trends, how will they evolve by 2021 ?
- What are the key, high growth markets that VNA & PACS should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the VNA & PACS currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of VNA & PACS?
- What are the challenges and barriers that have hindered widespread adoption of VNA & PACS?
Global VNA & PACS Market: Key Players
The major companies dominating this 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.
Reasons to buy Global VNA & PACS Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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