Vendor Neutral Archive Market and PACS Market - Key Growth Factors and Industry Analysis 2019

Vendor Neutrality Archive (VNA) is a step further of PACS (picture archiving and communication systems) and the concern of vendor neutrality (freedom from vendor imposed limits) is of prime importance in VNA. Picture Archiving and Communication System (PACS) is a medical imaging technology which enables easy storage and access to images in a digital way. PACS has a capability to handle images from different medical imaging equipment such as positron emission tomography (PET), endoscopy (ES), ultrasound, magnetic resonance, radiography, mammograms, etc.

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Based on the mode of delivery, the global VNA market has been segmented into on-premise VNA, hybrid VNA and complete cloud-hosted VNA. On-premise VNA segment is a leading segment among the market owing to its enhanced data control and security. However, high expenditure cost and availability of an alternate economical option of cloud-based VNA are expected to impede the global market growth for on-premise VNA.The global PACS market can be segmented by components which include, hardware (access devices, peripherals, servers, storage devices and network devices), software and services (consulting, implementation services, post sales & maintenance and training services). The PACS market can be also segmented on the types of imaging instruments such as X--ray, computed tomography, Magnetic Resonance Imaging, nuclear imaging, ultrasound and others.

The global VNA market is witnessing rapid growth owing to its inherent advantages over PACS in terms of vendor flexibility and accessibility along with reforms in the healthcare information technology. Although, some factors such as complexity of technology and lack of harmonization in the industry may impede the growth of market to some extent. These inhibiting factors are expected to be resolved in the near future, surgingglobal VNA market. The recent development in the PACS market is Cloud based PACS solutions which is expected to revive the global market in the coming years.

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Geographically, the globalvendor neutral archive and PACS market is segmented into four major regions, namely, North America, Europe, Asia - Pacific and Rest of the World. Although, North America and Europe are the major market share holders for these technologies, the emerging economies such as BRICS (Brazil, Russia, India, China and South Africa) are also witnessing rapid growth at present owing to the increase adoption of information technology.Emerging countries being very populous, with large patient base, requirement for the VNA and PACS technologies hereis more than rest of the world.

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