Technological Advancements in Diagnostic Imaging Modalities Drives Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archives (VNAs) Market: Meticulous Research®
Healthcare organizations are increasingly investing in advanced medical imaging technologies that produce increasingly large and complex data files. This results in greater need to implement infrastructure tools that can support the storage and provide appropriate access of necessary medical images and patient records. Picture archiving and communication systems (PACS) and vendor neutral archives (VNAs) are critical tools for storing and managing imaging data. The point-of-care access to vital imaging data enable care providers make more informed decisions. Moreover, with growing emphasis on collaborative and value-based care, many organizations are now shifting to VNAs to improve data sharing and interoperability capabilities. “Meticulous Research” in its latest publication states that, the “global market for picture archiving and communication systems (PACS) and vendor neutral archives (VNAs) market is expected to grow at a CAGR of 7.2% from 2018 to 2023 to reach $ 3,874.0 million by 2023.”
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This growth is primarily driven by the growing investments in the medical imaging market, technological advancements in diagnostic imaging modalities, rising in geriatric imaging volumes, rapidly growing big data in healthcare, and growing health IT and EHR adoption.
Diagnostic imaging has transformed patient care and the practice of medicine by improving diagnosis & treatment and avoiding unnecessary procedures which in turn lowers costs and has resulted in growing demand for imaging services at an unprecedented rate. Earlier, imaging was considered as a diagnostic tool for diseases, but with the innovative technology, it is now used to treat, manage, and predict illnesses. It has become a need for almost all major medical conditions and diseases such as cancer, cardiovascular disease, trauma, and neurological conditions, among others.
Technological advancements in modalities like magnetic resonance imaging (MRI), positron emission tomography (PET), computed tomography (CT), and ultrasound (U.S.) have helped in transforming modern healthcare. The application of 3D and 4D technologies have the potential to create better images for improved diagnostics in radiology. Moreover, automation, reproducibility, and portability continue to be the leading trends driving the use of ultrasound technology. Some technological advancements that have took place in recent years are as follows:
- Digital breast tomosynthesis (DBT) or 3D mammography is the new standard in breast imaging due to its dramatic improvement in lesion visibility and in early cancer detection.
- 3-D Ultrasonic Holography is the recent technology which has gained traction this year and is anticipated to continue its growth in 2017. The most important feature of this technology is that it does not use dangerous radiation, which is ideal for preventive and post-operative examinations in breast cancer patients.
- Enhancements in traditional ultrasound including contrast imaging, volume imaging, and elastography allowing physicians to image blood perfusion and blood flow, view real-time 3D imaging of structures, and differentiate malignant tumors from benign, among other applications.
- With significant advances in the field of Artificial Intelligence (AI) and its growing recognition in medical imaging, IBM/Merge, Philips, Agfa and Siemens have already started integrating AI into their medical imaging software systems.
Thus, factors such as technological advancements in imaging modalities, rising need for enhanced communication and collaboration across the health system, growing focus on integrated diagnostics to make informed clinical decisions and diagnoses, and the subsequent increase in volume and variety of complex medical images generated are driving health systems in the way toward enterprise imaging. This further propels the demand for medical image management solutions such as PACS and VNA.
The report provides meticulous analysis of communication systems (PACS) and vendor neutral archives (VNAs) market on the basis of department (cardiology, radiology, pathology, oncology, ortho), enterprise, delivery (on premise, hybrid, cloud), vendor (PACS, ISV, infrastructure), end user (hospitals, diagnostic imaging center), and geography.
The key players analyzed in the communication systems (PACS) and vendor neutral archives (VNAs) market are Vendor Neutral Archive (VNA) market & Picture Archiving and Communication System (PACS) market research report include Agfa HealthCare, BridgeHead Software Limited, Carestream Health, Inc., FUJIFILM Medical Systems U.S.A., GE Healthcare, Hyland Software, Inc., Merge Healthcare Inc. (IBM), Mach7 Technologies, McKesson Corporation (Change Healthcare), Novarad Corporation, Koninklijke Philips N.V., Siemens Healthineers, Sectra AB, and INFINITT Healthcare CO.
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