USD 3.39 Billion
VNA and PACS Market Size, Share, Growth Analysis, By Procurement Model(Departmental PACS and Enterprise PACS), By Vendor(PACS Vendors, Independent Software Vendors and Infrastructure Vendors), By imaging modality(Angiography, Mammography, Computed Tomography, Magnetic Resonance Imaging), By mode of delivery(On-Site (Premise), Hybrid, and Cloud-hosted), By usage model(Single Department, Multiple Departments, Multiple Sites), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2153 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
144
|Figures:
80
VNA and PACS Market Insights
Global VNA and PACS Market size was valued at USD 3.39 Billion in 2022 and is poised to grow from USD 3.59 Billion in 2023 to USD 5.63 Billion by 2031, at a CAGR of 5.8% during the forecast period (2024-2031).
VNA is a medical archive system that helps manage the life cycle of the medical files kept on it, whereas PACS is a system that stores images electronically. Both VNA and PACS are crucial for medical image management, which entails the gathering and sequential ordering of medical pictures. Electronic systems that not only store imaging data but also retrieve, share, and distribute medical images have been created in order to guarantee effective image preservation. As a result, PACS and VNA are being adopted more widely.
Additionally, studies have been done recently to explain the Pros and Cons of PACS and VNAs and suggest that while organisations can use PACS successfully, VNAs should be taken into consideration as a promising option for lowering long-term costs and allowing greater interoperability around crucial imaging data in order to save money in the long run and quickly associated with data storage and effectively use medical images. The interoperability of VNA with previous data archival systems is also a significant market-driving element.
The aging population and rising geriatric imaging volumes, technological advancements in diagnostic imaging modalities, expanding acceptance of healthcare IT and EHRs, and the rapid uptake of big data in the healthcare sector are some of the reasons driving the global VNA and PACS market.
US VNA and PACS Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Departmental PACS
Fastest Growth
Departmental PACS
Growth Rate
5.8% CAGR
vna and pacs market, 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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VNA and PACS Market Segmental Analysis
Global VNA and PACS Market is segmented based on the procurement model, vendor type, imaging modality, mode of delivery, usage model, and region. Based on procurement model, the VNA and PACS Market is segmented into Departmental PACS and Enterprise PACS. Based on vendor type, the VNA and PACS Market is segmented into PACS Vendors, Independent Software Vendors and Infrastructure Vendors. Based on Region VNA and PACS Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA. Based on imaging modality, VNA and PACS Market is categorized into Angiography, Mammography, Computed Tomography, Magnetic Resonance Imaging, Ultrasound, Other Imaging Modalities. Based on mode of delivery, VNA and PACS Market is categorised into On-Site (Premise), Hybrid, and Cloud-hosted. Based on usage model, the VNA and PACS Market is segmented into Single Department, Multiple Departments, Multiple Sites.
VNA and PACS Market Analysis by Procurement Model
Based on the procurement model, in 2021, the departmental PACS market is anticipated to hold the biggest market share. The increased usage of imaging data in numerous fields, including radiology, cardiology, ophthalmology, oncology, endoscopy, teleradiology, dermatology, pathology, neurology, and dentistry, is responsible for a sizable portion of this market. The expansion of this market is further aided by the rising use of imaging modalities.
VNA and PACS Market Analysis by Vendor
Based on vendor type, in 2021, the PACS vendors market category is anticipated to hold the greatest market share. Many traditional PACS providers, providers of medical imaging modalities, and providers of medical IT services, who are adding VNA to their imaging portfolio, are responsible for a sizable portion of this market.
vna and pacs market By procurement model, 2021 (%)
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VNA and PACS Market Regional Insights
The North American Vendor-Neutral Archive (VNA) AND PACS market is predicted to increase rapidly because of reasons such as rising demand for universalization of medical picture archiving, lower data storage costs, and compatibility of VNA with older data archive systems. In addition to these elements, the market is being supported by the highly established healthcare IT infrastructure, the presence of significant players, and initiatives done by market participants, particularly in the United States.
During the forecast period, the Asia Pacific region is anticipated to develop at the fastest CAGR. The adoption of modern imaging modalities into the healthcare industry, government initiatives aiming to enhance the consumption of EMR and telehealth services, and increased investment in the healthcare sector are the factors propelling the growth of the Asia Pacific VNA & PACS market.
vna and pacs market By procurement model, 2021-2030
- Largest
- Fastest
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VNA and PACS Market Dynamics
VNA and PACS Market Drivers
Rise of Technology to Bolster Market Growth
- The vendor-neutral archive and PACS markets are expanding globally due to factors like the demand for cost-cutting solutions, lifecycle management solutions, and standardised alternatives for the storage of medical pictures. The growth rate of the global vendor neutral archive (VNA) & PACS market is accelerated by the use of cutting-edge technology for better administration. The market participants use creative tactics and partnerships to increase sales, which are intended to open up profitable expansion options for the vendor-neutral archive and PACS industry. The advantages of VNA over PACS have increased demand for VNA technology, which is expected to present growth prospects for market participants. Government encouragement and policy changes in various countries are probably going to increase market demand and provide business prospects for the major players in the vendor-neutral archive and FACS market. The adoption of a holistic approach to providing better healthcare and the incorporation of cloud technologies for VNA products are expected to create lucrative potential for the growth of the VNA and PACS market over the coming years.
VNA and PACS Market Restraints
Long Lifecycles to Hinder Market Growth
- VNA lifecycles are relatively lengthy, which is limiting the market expansion for vendor-neutral archives and PACS. The vendor-neutral archive and PACS market's growth rate is anticipated to be slowed during the projection period due to a ring of data breaches and incorrect VNA interpretations.
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VNA and PACS Market Competitive Landscape
vna and pacs market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
VNA and PACS Market Top Player's Company Profiles
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Koninklijke Philips N.V.
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Agfa-Gevaert Group
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Merge Healthcare Inc. (IBM Watson Health)
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Carestream Health, Inc.
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Sectra AB
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McKesson Corporation
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INFINITT Healthcare Co., Ltd.
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Novarad Corporation
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Intelerad Medical Systems Incorporated
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Hyland Software, Inc.
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BridgeHead Software Ltd.
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Cerner Corporation
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Mach7 Technologies
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Ambra Health
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SynApps Solutions Limited
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Accuray Incorporated
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Intuitive Surgical, Inc.
VNA and PACS Market Recent Developments
- The Bill & Melinda Gates Foundation U.S. awarded GE HealthCare Technologies Inc. (U.S.) more than USD 44 million in September 2023 to support the development of user-friendly, artificial intelligence (Al)-assisted ultrasound imaging auto-assessment tools and to increase the availability of ultrasound in low- and middle-income nations.
- Avicenna in February 2023.CINA-iPE, an Al solution with the CE certification, was unveiled by Al, a medical imaging firm. The purpose of this program is to analyze chest CT scan images and precisely detect incidental pulmonary embolism. The first release in Avicenna is CINA-iPE.Al's suite of medical imaging products, called CINA Incidental, is designed to find unanticipated abnormalities in CT images.
VNA and PACS Key Market Trends
- The conventional method of implementing software is on-site. To store and manage patient data, healthcare facilities and hospitals mainly favour on-premises data storage. When customers need to upgrade their ageing systems or transition to new technology, they use the on-site mode of delivery. Some end users or service providers choose the on-site mode of delivery because VNA and PACS technologies are new to them. Because of the growing usage by service providers around the world, on-premises software is therefore anticipated to account for a sizable revenue share in the market under study.
VNA and PACS Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our vna and pacs market analysis, in terms of procurement model, the departmental PACS market segment held larger market share owing to high usage. And in terms of vendor type, the PACS vendor contributes to the market growth. Moreover, the rising investments in the medical imaging industry, rising geriatric imaging volumes, technological improvements in diagnostic imaging modalities, growing adoption of healthcare IT and EHRs, and the rapid spread of big data in the healthcare sector are boosting the market expansion. Whereas the time required for the VNA cycle is very long which can hamper the vna and pacs market growth in forecasting year.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.39 Billion |
| Market size value in 2031 | USD 5.63 Billion |
| Growth Rate | 5.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
VNA and PACS Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on VNA and PACS Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on VNA and PACS Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the VNA and PACS Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the VNA and PACS Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the VNA and PACS Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the VNA and PACS Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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