USD 3.39 Billion
Report ID:
SQMIG35A2153 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
144
|Figures:
80
VNA and PACS Market size was valued at USD 9.6 Billion in 2023 and is poised to grow from USD 10.2 Billion in 2024 to USD 15.9 Billion by 2032, growing at a CAGR of 0.058 during the forecast period (2025-2032).
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.
Global Market Size
USD 3.39 Billion
Largest Segment
Departmental PACS
Fastest Growth
Departmental PACS
Growth Rate
5.8% CAGR
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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.
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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.
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VNA and PACS Market Drivers
Rise of Technology to Bolster Market Growth
VNA and PACS Market Restraints
Long Lifecycles to Hinder Market Growth
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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
Koninklijke Philips N.V.
Agfa-Gevaert Group
Merge Healthcare Inc. (IBM Watson Health)
Carestream Health, Inc.
Sectra AB
McKesson Corporation
INFINITT Healthcare Co., Ltd.
Novarad Corporation
Intelerad Medical Systems Incorporated
Hyland Software, Inc.
BridgeHead Software Ltd.
Cerner Corporation
Mach7 Technologies
Ambra Health
SynApps Solutions Limited
Accuray Incorporated
Intuitive Surgical, Inc.
VNA and PACS Market Recent Developments
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 2023 | USD 9.6 Billion |
Market size value in 2032 | USD 15.9 Billion |
Growth Rate | 0.058 during the forecast period (2025-2032).% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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Report ID: SQMIG35A2153
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