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Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market: Major Trends Reshaping the Future of the Industry
Vendor Neutral Archive VNA and Picture Archiving And Communication System PACS Market
What Will the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Industry Market Size Be by 2025?
In recent times, there has been a significant surge in the size of the vendor-neutral archive (VNA) and picture archiving and communication system (PACS) market. This market, which stood at $4.19 billion in 2024, is projected to climb to $4.47 billion in 2025, registering a compound annual growth rate (CAGR) of 6.8%. Several factors have contributed to this growth in the preceding period, including an increase in medical imaging data quantity, government-led initiatives encouraging the adoption of healthcare IT, demands for more streamlined workflows within the healthcare sector, a rising focus on interoperability, the necessity for long-term data archiving, and a surge in diagnostic imaging procedures.
What's the Long-Term Growth Forecast for the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market Size Through 2029?
The market size of the vendor-neutral archive (VNA) and picture archiving and communication system (PACS) is projected to witness substantial expansion in the upcoming years. The market is set to reach $5.71 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.3%. Factors propelling growth during the forecast period encompass the persistent expansion of medical imaging data, a worldwide emphasis on health care data interoperability, heightened focus on data security, as well as trends in telemedicine and remote diagnostics, integration with superior analytics, concentration on patient-oriented healthcare, and governmental backing for healthcare IT infrastructure. Key trends anticipated during the forecast period consist of the adoption of cloud-based vendor-neutral archives, focus on interoperability, and standardization, integration of artificial intelligence in image analysis, surge in mobile access, and teleradiology solutions, deployment of vendor-neutral image sharing networks.
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What Are the Key Growth Drivers Fueling the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market Expansion?
The surge in the utilization of electronic health records (EHRs) is projected to fuel the expansion of the vendor-neutral archive (VNA) and picture archiving and communication system (PACS) market. Electronic health records (EHRs) are essentially digitized versions of individuals' traditional paper health records, encapsulating the full health profile of the patient; this includes their medical history, diagnoses, medications, treatment plans, immunization records, and other significant health-related information. With the increased adaptation of electronic health records (EHRs), VNAs and PACS gain increasing importance in the healthcare sector as they promote data integration, interoperability, and efficient workflows. These systems are crucial in managing, storing, and providing access to diagnostic imaging data, thereby providing physicians with the essential tools to deliver premium-quality care while ensuring patient privacy and security. For example, the Munich American Reassurance Company reported that in June 2023, the adoption of electronic health records (EHRs) stood at 23% in 2020, growing to 61% in 2022. As such, the rise of EHRs is predicted to boost the vendor-neutral archive (VNA) & picture archiving and communication system (PACS) market. According to the National Center for Biotechnology Information of the US National Institutes of Health, in March 2023, the escalated prevalence of infectious diseases - illnesses that are induced by pathogenic microbes such as bacteria, viruses, parasites, or fungi that can invade the body, multiply, and cause infections - is projected to drive forward the VNA and PACS market. VNA and PACS are of vital importance in handling infectious diseases; they offer an efficient platform for managing and retrieving medical imaging data, thereby enabling rapid and precise diagnostics, and getting patients to undergo monitoring and treatment planning promptly. For instance, during 2022, 8,300 cases of tuberculosis were reported in the United States, an increase from 7,874 during 2021, with the incidence rate during 2022 seeing a slight rise to 2.5 per 100,000 persons from 2.4 during the previous year. Therefore, the growing prevalence of such infectious diseases is propelling the growth of the vendor-neutral archive (VNA) and PACS market.
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What Are the Key Trends Driving Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market Growth?
Key players in the Vendor-Neutral Archive (VNA) and Picture Archiving and Communication System (PACS) market segments maintain their focus on ground-breaking technology like imaging Electronic Medical Record (EMR). Essentially, an EMR acts as a digital counterpart to traditional paper patient records, providing a centralized wealth of medical history, diagnoses, treatments, and tests results within one healthcare establishment. For instance, October 2022 saw Canada's healthcare software leader, RamSoft Inc., unveil their OmegaAI imaging EMR. This cutting-edge offering integrates comprehensive medical imaging solutions, aiming to streamline imaging processes and enhance patient care. Standout capabilities of the platform include a coherent workflow list, zero-footprint viewing, sophisticated workflow automation, and exhaustive patient records. The advantages cover an array of areas, including seamless integration, heightened interoperability, cost-efficiency, improved patient care, and empowered patients. Thanks to its cloud-based architecture, there's a reduced need for physical data centers on site, which not only increases operational effectiveness, but also promotes patient engagement.
How Is the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market Segmented?
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
Subsegments:
1) By Picture Archiving And Communication System (PACS): Radiology PACS, Cardiology PACS, Orthopedic PACS, Dental PACS
2) By Vendor-Neutral Archive (VNA) Software: Cloud-Based VNA, On-Premises VNA, Hybrid VNA
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Which Companies Are Leading the Charge in Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market Innovation?
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.
Which Regions Are Leading the Global Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market in Revenue?
North America was the largest region in the vendor-neutral archive (VNA) & picture archiving and communication system (PACS) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vendor-neutral archive (vna) & picture archiving and communication system (pacs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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