Report Overview

The global vendor neutral archive & PACS market was pegged at US$ 5.3 billion in 2021 and is expected to witness a CAGR of 6% during the forecast period.

Market Fundamentals 

Two crucial markets in the medical image management sector are classified as Vendor Neutral Archive (VNA) and Picture Archiving and Communication System (PACS). In order to accommodate proprietary vendor and healthcare provider requirements for medical image storage, retrieval, manipulation, and viewing, vendor neutrality is achieved by interfacing with all notable PACS technologies. A VNA can reduce the complexity and expense of PACS migration, give the healthcare provider more ownership and control over its medical imaging data, and lessen its reliance on certain PACS vendors. However, the precise definition and feature set are in dispute and constantly changing as various VNA vendors work to stand out from rivals and avoid exclusion, while consumers voice wants ranging from practical to fantastic.

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Market Dynamics

The market for VNA and PACS is expanding as a result of a number of factors, including the existence of favourable government laws for key markets and the rising demand for standard-based storage, disaster recovery, and lifecycle management solutions. One of the key trends in this industry is the consolidation of patient data by merging VNAs with electronic health records (EHR). HR adoption is quite strong in industrialised countries and is rising everywhere. Organizations are able to liberate content and make data accessible to physicians through high-level connectivity with the EHR. The platform's advantages are pushing the market research.

Market Ecosystem

The global vendor neutral archive & PACS market has been analysed from four perspectives by type, mode of delivery, usage of model and region.

Vendor Neutral Archive & PACS Market by Type

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Based on type,the global vendor neutral archive & PACS market has been segmented into VNS & PACS software. The vendor neutral archive software is sub segmented into delivery mode, deployment model, and supplier type whereas the picture archiving and communication system is also sub segmented into departmental and enterprise PACS. The PACS segment dominated during forecast period. More than 80% of hospitals in developed nations like the United States, the United Kingdom, and Japan use PACS. The scope is apparent in developing nations, particularly in Asian nations like China and India. Healthcare facilities in these nations are now switching from the use of various services to integrated systems for exchanging and storing medical images.

Vendor Neutral Archive & PACS Market by Mode of Delivery

Based on mode of delivery, the global vendor neutral archive & PACS market has been segmented into on-site, hybrid and cloud hosted. The On-site segment dominates in terms of overall revenue contribution because this approach is favoured over others. However, small and medium-sized healthcare organizations are already becoming interested in hybrid VNA solutions that include a cloud-based component for storage because on-site VNAs require a significant capital investment.

Vendor Neutral Archive & PACS Market by Region

Based on the regions, the global vendor neutral archive & PACS market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. Regionally, North America has made significant recent contributions to the growth of the global vendor-neutral archive and PACS market. Information systems have a great deal of promise to save healthcare costs and enhance results. These solutions have a significant impact on lowering expenses as well as raising the standard of service provided. The benefits of PACS include the removal of pricey silver-based screens, improved physician access to both old and new films, a decrease in the physical storage needs of large films, and minimal personnel expenses. PACS has also enhanced hospital workflow by cutting down diagnostic time from hours to minutes. The PACS monitor systems are essential for quickly and effectively locating connectivity problems and fixing them. The increase in patient diagnoses per hour, the decrease in administrative costs, the convenience of handling, and the review and transfer of images following imaging are also prime market drivers.

Competitive Landscape

Some of prominent market players of the global vendor neutral archive & PACS market include 

• Acuo Technologies
• Agfa HealthCare
• BridgeHead Software
• EMC Corporation 
• Carestream Health
• Dell, Inc.
• GE Healthcar
• Fujifilm Corporation
• Merge Health
• BridgeHead Software Inc.
• McKesson Corporation
• Philips Healthcare
• Siemens Healthcare
• TeraMedica, Inc. 

Recent changes in the industry, such mergers and acquisitions, show how smaller companies work with bigger ones to create cutting-edge innovations by combining their core capabilities. This industry provides the healthcare sector immense potential and has a very promising future.

Strategic development

• In October 2021, Ambra Health, a developer of cloud-based medical image management software, has been acquired by Intelerad Medical Systems, the global leader in medical image management systems. By integrating two KLAS Research category leaders, the combined platform will offer doctors, patients, and researchers a superior cloud solution for viewing, storing, and sharing diagnostic imaging.
• In December 2021, A new digital radiography room called Valory has been established by Agfa HealthCare at RSNA. VALORY offers a straightforward design with advanced capabilities that puts dependability, efficiency, and "first-time-right" imaging within reach for any facility.
• In August 2021, Synapse 7x, an image visualisation and storage platform, was introduced by FUJIFIL Medical Systems Inc. It is PACS and VNA's next-generation technology.

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