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Rising EHR Adoption Drives Growth In Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) : A Key Catalyst Accelerating Global Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market Growth in 20
Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS)
What Is the Expected CAGR for the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market Through 2025?
The market size for vendor-neutral archive (VNA) and picture archiving and communication system (PACS) has seen robust growth recently. The market projections show it increasing from $4.19 billion in 2024 to $4.46 billion in 2025, representing a compound annual growth rate (CAGR) of 6.5%. The significant growth in the historical period is linked to various factors such as the surge in medical imaging data, government efforts in promoting healthcare IT adoption, the requirement for more efficient workflows in healthcare sectors, a growing focus on interoperability, the necessity for extensive data archiving, and an increase in diagnostic imaging procedures.
What's the Projected Size of the Global Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market by 2029?
In the forthcoming years, the market size for vendor-neutral archive (VNA) & picture archiving and communication system (PACS) is predicted to experience robust growth. It is projected to scale up to $5.68 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%. This projected market expansion in the foreseeable future can be traced back to the persistent growth in medical imaging data, the worldwide impetus for healthcare data compatibility, heightened focus on data protection, trends in telemedicine and remote diagnostics, integration with sophisticated analytics, concentration on patient-oriented healthcare, and government backing for healthcare IT infrastructure. Foreseen trends during the prediction period include the embrace of cloud-based vendor-neutral archives, focus on interoperability and standardization, incorporation of artificial intelligence for image scrutiny, increase in mobile access and teleradiology solutions, and the establishment of vendor-neutral image sharing networks.
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Top Growth Drivers in the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Industry: What's Accelerating the Market?
The increase in the use of electronic health records (EHRs) is predicted to bolster the expansion of the vendor-neutral archive (VNA) and picture archiving and communication system (PACS) market. EHRs, digital replicas of a patient's physical health records, contain the comprehensive health profile of a patient, including information about medical background, diagnoses, drug prescriptions, treatment plans, vaccination histories, and other relevant health information. The heightened use of EHRs underscores the significance of VNAs and PACS in healthcare, facilitating data integration, interoperability and streamlining operations. These systems are critical for managing, storing, and providing access to diagnostic imaging data, allowing healthcare professionals to offer superior care while safeguarding patient confidentiality and security. As per the Munich American Reassurance Company's reports in June 2023, a US-based company functioning as a reinsurance operation, there had been 23% adoption of EHRs in 2020, which had escalated to 61% by 2022. Hence, the rising use of electronic health records (EHRs) will likely steer the growth of the vendor-neutral archive (VNA) & picture archiving and communication system (PACS) market.
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What Trends Will Shape the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market Through 2029 and Beyond?
In the vendor-neutral archive (VNA) and picture archiving and communication system (PACS) markets, leading companies prioritize cutting-edge technologies like imaging electronic medical records (EMR). The EMR, which is essentially a digital form of a patient's physical chart, collates medical history, treatments, diagnosis, and test results from a singular healthcare facility. For example, RamSoft Inc., a health software firm from Canada, unveiled an imaging EMR product named OmegaAI in October 2022, which amalgamates medical imaging solutions. Created to bolster imaging workflows and elevate patient care, the platform's principal features include integrated workflow lists, a zero-footprint viewer, elaborate patient records, and advanced workflow automation. It offers improved interoperability, cost-effectiveness, enhanced patient care, robust patient empowerment, and seamless integration. Its cloud-native design reduces the need for in-house data centers, enhancing operational effectiveness and promoting patient involvement.
What Are the Main Segments in the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market?
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 Top Companies are Driving Growth in the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market?
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 Will Dominate the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market Through 2029?
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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