[215 Pages Report] Vendor Neutral Archive (VNA) Market [Hybrid & Cloud, On-premise Software, Multi-Site VNA & Multi-Department &], Picture Archiving and Communication System (PACS) Market [Radiology, Cardiology & Enterprise] & by Geography
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This report studies the global VNA and PACS Market over the forecast period of 2013 to 2018.
At present, the Vendor Neutral Archive (VNA) And Picture Archiving and Communication System (PACS) Markets form indispensable segments of the imaging informatics market. The overall market (VNA and PACS) comprises of VNA software solutions as well as departmental and enterprise PACS.
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The global VNA Market is estimated at $165.3 million in 2013 and is poised to reach $335.4 million by 2018, at a CAGR of 15.2%.
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Departmental PACS currently dominates the overall Vendor Neutral ArchiveMarket and PACS Market with around 86.5% of the total revenue contribution. However, this market is a considerably mature market generating most of the revenues from PACS replacements.
Hence, the market is expected to witness a stable CAGR of 5.2% from 2013 to 2018. Enterprise PACS, on the other hand, is growing faster than departmental PACS and is expected to reach $510 million by 2018, at an almost double CAGR.
Owing to the growing popularity of VNA solutions, the VNA Market is currently in the growth phase of its product lifecycle. The market is characterized by several inter-firm partnerships to deliver best-of-breed solutions to healthcare providers.
In addition, development of products that enable the integration of VNAs with EHRs and their subsequent launch in the market is a growing trend.
The major driving factors of the VNA Market include the need for centralized storage of standard-compliant imaging data, government initiatives that favor the use of advanced imaging information systems, and technology and cost-related benefits. On the other hand, lack of an established definition of VNA resulting in confusion and data insecurity (breaches) is an issue that restricts market growth.
Cloud-based VNAs, emerging markets, and patient-focused systems promise high-growth opportunities in the global VNA market.
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In 2013, North America contributes the maximum share to both VNA and PACS markets, with shares of 64% and 48%, respectively. U.K., Germany, and France contribute largely to the European VNA and PACS Market, whereas the Asia-Pacific region represents the most promising region owing to the nation and state-wide healthcare IT policies in Australia, China, and Japan.
Although the penetration of VNAs in the ROW region is low, the PACS technology is now widely adopted in Latin America and the Middle East.
Key companies in the VNA and PACS Market include Acuo Technologies (U.S.), Agfa HealthCare (Belgium), BridgeHead Software (U.K.), Carestream Health (U.S.), Dell, Inc. (U.S.), GE Healthcare (U.K.), Fujifilm Corporation (Japan), Merge Health (U.S.), McKesson Corporation (U.S.), Philips Healthcare (The Netherlands), Siemens Healthcare (Germany), and TeraMedica (U.S.).
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