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

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 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. ' GE Healthcare ', ' Siemens Healthineers ', ' Fujifilm Holdings Corporation ', ' 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. ', '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.'

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 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.

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.

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.