Vendor Neutral Archive (VNA) & PACS Market is Expected to Reach $7.3 billion | MarketsandMarkets™

Chicago, May 29, 2024 (GLOBE NEWSWIRE) -- Vendor Neutral Archive (VNA) & PACS market in terms of revenue was estimated to be worth $4.6 billion in 2024 and is poised to reach $7.3 billion by 2029, growing at a CAGR of 9.5% from 2024 to 2029 according to a latest report published by MarketsandMarkets™.

The market growth is driven due to rising geriatric imaging volumes, increasing investments in the medical imaging industry, and technological improvements in diagnostic imaging modalities. However, data breaches possess a major concern.

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Vendor Neutral Archive (VNA) & PACS Market Scope:

Report Coverage	Details
Market Revenue in 2024	$4.6 billion
Estimated Value by 2029	$7.3 billion
Growth Rate	Poised to grow at a CAGR of 9.5%
Market Size Available for	2022–2029
Forecast Period	2024–2029
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product Type, Modality, Deployment, Vendor type, Application, and End user
Geographies Covered	North America, Europe, Asia Pacific, Latin America, and Middle East Africa
Report Highlights	Updated financial information / product portfolio of players
Key Market Opportunity	Increasing Medical Imaging Procedures and Large Imaging Data Silos
Key Market Driver	Growing demand for streamlined healthcare data management solutions

Based on deployment, the Vendor Neutral Archive (VNA) & PACS market is segmented into cloud based, on-premises and hybrid. The on-premises segment held the largest market share in the Vendor Neutral Archive (VNA) & PACS market in 2023, as healthcare facilities, especially larger institutions, often prioritize keeping patient data in-house. Moreover, on-premises deployment provides healthcare organizations with greater assurance of data availability, as they have direct oversight and management of their infrastructure. This level of reliability is essential for ensuring uninterrupted access to medical imaging data, which is crucial for timely patient care delivery and clinical decision-making.

Based on end user, the Vendor Neutral Archive (VNA) & PACS market is segmented into hospitals & clinics, diagnostic centers, ambulatory surgical centers, and others. The hospitals & clinics dominated the segment in 2023. The growth of this segment is attributed to strict regulations regarding patient data privacy and security. Moreover, hospitals and clinics often serve as referral centers for complex medical conditions, attracting patients from diverse geographic regions and medical specialties. As these end-users requires a comprehensive imaging solutions capable of managing a wide range of imaging modalities and supporting interdisciplinary collaboration among healthcare providers. Moreover, VNAs and PACS solutions offer hospitals and clinics the flexibility and scalability needed to integrate multiple imaging devices, vendor systems, and clinical applications seamlessly, enabling efficient data sharing and communication across departments and specialties.

The Vendor Neutral Archive (VNA) & PACS market is segmented into five major regional segments, namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America holds the largest share of the Vendor Neutral Archive (VNA) & PACS market in 2023 as this region has a robust healthcare infrastructure characterized by advanced technology adoption, high healthcare spending, and a strong regulatory framework conducive to digital health solutions. Moreover, increasing focus on interoperability, data exchange, and value-based care initiatives in North America impel healthcare providers to invest in the VNA and PACS solutions that support seamless integration with electronic health record (EHR) systems, radiology information systems (RIS), and other clinical applications.

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Prominent Players of Vendor Neutral Archive (VNA) & PACS Market

• Hyland Software, Inc. (US)
• Agfa-Gevaert Group.  (Belgium)
• Intelerad Medical Systems Inc (Canada)
• CANON MEDICAL SYSTEMS CORPORATION (Japan)
• FUJIFILM Holdings Corporation (Japan)
• GE HEALTHCARE TECHNOLOGIES INC. (US)
• Merative  (US)
• Sectra AB (Sweden)
• Siemens Healthcare Limited (Germany)
• BridgeHead Software Ltd. (UK)
• Canopy Partners. (US)
• Novarad Corporation. (US)
• POSTDICOM (Netherlands)
• AdvaHealth Solutions Pte Ltd (Singapore)
• CrelioHealth (India)
• Medicasoft.  (US)
• Esaote SPA (Italy)
• PaxeraHealth (US)
• VISUS Health IT GmbH (Germany)
• ASPYRA, LLC  (US)
• Dedalus S.p.A. (Italy)
• SoftTeam Solutions Pvt Ltd. (India)
• ARO Systems (Australia)
• Central Data Networks (Australia)
• ONEPACS (US)
• and Among others

The study categorizes the Vendor Neutral Archive (VNA) & PACS Market based on platform, component, deployment, application, end user, at regional and global level.                                         

Vendor Neutral Archive (VNA) & PACS Market, by Product type

• VNA
  • Department VNA
  • Multi-Department VNA
  • Multi-Site VNA
• PACS
  • Department PACS
  • Multi-Department PACS
  • Multi-Site PACS

Vendor Neutral Archive (VNA) & PACS, by modality

• CT
• Mammography
• MRI
• Ultrasound
• X-Rays
• PET

Vendor Neutral Archive (VNA) & PACS market, by deployment

• On-Premises
• Cloud-Based
• Hybrid Model

Vendor Neutral Archive (VNA) & PACS market, by vendor type

• Independent Vendor
• Third-party Vendor

Vendor Neutral Archive (VNA) & PACS market, by application

• Cardiology
• Orthopedic
• Oncology
• Neurology
• Obstetrics and Gynecology
• Other (Dental, Respiratory, Urology and Nephrology)

Vendor Neutral Archive (VNA) & PACS market, by end-User

• Hospitals & Clinics
• Diagnostic Centers
• Others (Academic and Research Institutes)

Vendor Neutral Archive (VNA) & PACS market, by region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • RoE
• Asia Pacific
  • Japan
  • China
  • India
  • RoAPAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • Rest of Middle East and Africa

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Key Market Stakeholders:

• Vendor Neutral Archive (VNA) & PACS Vendors
• Government Bodies
• Healthcare Service Providers
• Clinical/Physician Centers
• Healthcare Professionals
• Health IT service Providers
• Healthcare Associations/Institutes
• Ambulatory Care Centers
• Venture Capitalists
• Distributors And Resellers
• Maintenance And Support Service Providers
• Integration Service Providers
• Healthcare Payers
• Advocacy Groups
• Data Security and Privacy Experts
• Investors And Financial Institutions
• Industry Associations and Trade Groups

Report Objectives:

• To define, describe, and forecast the global Vendor Neutral Archive (VNA) & PACS market based on product type, modality, deployment, vendor type, application, end user, and region.
• To provide detailed information regarding the major factors (such as drivers, restraints, opportunities, and challenges) influencing the market growth
• To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall Vendor Neutral Archive (VNA) & PACS market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
• To strategically analyze the market structure profile the key players of the Vendor Neutral Archive (VNA) & PACS market and comprehensively analyze their core competencies.
• To forecast the size of the market segments with respect to five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
• To track and analyze competitive developments such as product launches and enhancements and investments, partnerships, collaborations, acquisitions, expansions, agreements, sales contracts, and alliances in the Vendor Neutral Archive (VNA) & PACS market during the forecast period.

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