Press release
Vendor Neutral Archive VNA and Picture Archiving And Communication System PACS Market is set to experience a significant growth rate of 6.9% CAGR over the Forecast Period 2024-2033
Vendor Neutral Archive VNA and Picture Archiving And Communication System PACS Market Report
The Business Research Company offers in-depth market insights through Vendor Neutral Archive VNA and Picture Archiving And Communication System PACS Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The vendor-neutral archive (vna) & picture archiving and communication system (pacs) market size has grown strongly in recent years. It will grow from $3.92 billion in 2023 to $4.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increasing volume of medical imaging data, government initiatives for healthcare it adoption, demand for streamlined workflows in healthcare, growing emphasis on interoperability, need for long-term data archiving, rise in diagnostic imaging procedures.
The vendor-neutral archive (vna) & picture archiving and communication system (pacs) market size is expected to see strong growth in the next few years. It will grow to $5.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to continued growth in medical imaging data, global push for healthcare data interoperability, increased emphasis on data security, telemedicine and remote diagnostics trends, integration with advanced analytics, focus on patient-centric healthcare, government support for healthcare it infrastructure. Major trends in the forecast period include adoption of cloud-based vendor-neutral archives, emphasis on interoperability and standardization, integration of artificial intelligence for image analysis, rise in mobile access and teleradiology solutions, implementation of vendor-neutral image sharing networks.
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Market Segmentation:
The vendor-neutral archive (vna) & picture archiving and communication system (pacs) market covered in this report is segmented -
1) By Type: Picture Archiving And Communication System (PACS) , Vendor-Neutral Archive (VNA) Software
2) By Imaging Modality: Angiography, Mammography, Computed Tomography, Magnetic Resonance Imaging, Ultrasound, Other Imaging Modalities
3) By Mode Of Delivery: On-Site (Premise), Hybrid, Cloud-Hosted
4) By Usage Model: Single Department, Multiple Departments, Multiple Sites
5) By Vendors: Independent Vendors, Commercial Vendors
Major Driver - Growing Adoption of Electronic Health Records (EHRs) Fuels Expansion Of Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market
Growing adoption of electronic health records (EHRs) is expected to propel the growth of the vendor-neutral archive (VNA) and picture archiving and communication system (PACS) market going forward. Electronic health records (EHRs) refer to digital versions of a patient's paper medical records. They encompass a patient's complete health profile, encompassing medical history, diagnoses, medications, treatment strategies, vaccination records, and other pertinent health data. Growing adoption of electronic health records (EHRs) enhances the importance of VNAs and PACS in healthcare by promoting data integration, interoperability, and efficient workflows. These systems play a pivotal role in managing, storing, and providing access to diagnostic imaging data, ensuring that healthcare providers have the necessary tools to deliver high-quality care while protecting patient privacy and security. For instance, in June 2023, according to reports published by the Munich American Reassurance Company, a US-based firm that operates as a reinsurance operation, there were 23% of electronic health records (EHRs) adopted in 2020, and it has increased to 61% in 2022. Therefore, the growing adoption of electronic health records (EHRs) is expected to drive the vendor-neutral archive (VNA) & picture archiving and communication system (PACS) market.
Competitive Landscape:
Major companies operating in the vendor-neutral archive (vna) & picture archiving and communication system (pacs) market report are McKesson Corporation, Dell Technologies Inc., Siemens AG, General Electric , International Business Machines Corporation (IBM), Hitachi Ltd, FUJIFILM Holdings Corporation, Koninklijke Philips NV, GE Healthcare, Cerner Corporation, Change Healthcare, Lexmark International Inc., Agfa-Gevaert Group , Carestream Health, Hyland Software Inc., Acuo Technologies, Merge Health, Sectra AB, Novarad Corporation, INFINITT Healthcare Co. Ltd., Visage Imaging Inc., Birdgehead Software, ScImage Inc., Agfa Healthcare NV, Mach 7 Technologies Ltd., ASPYRA LLC, TeraMedica Inc., Dejarnette Research Systems Inc., Dicom Systems Inc., InsiteOne Inc.
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