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Global VNA & PACS Market 2018-2023: Market Set to Reach $3.87 Billion - Hybrid & Cloud-Based Solutions Represent High-Growth Opportunities

Global VNA & PACS Market 2018-2023: Market Set to Reach $3.87 Billion - Hybrid & Cloud-Based Solutions Represent High-Growth Opportunities

PR Newswire

DUBLIN, Oct. 9, 2018

DUBLIN, Oct. 9, 2018 /PRNewswire/ --

The "VNA & PACS Market By Department (Cardiology, Radiology, Pathology, Oncology, Ortho), Enterprise, Delivery Mode (On Premise, Hybrid, Cloud), Vendor (PACS, ISV, Infrastructure), End User (Hospitals, Diagnostic Imaging Center) - Global Forecast To 2023" report has been added to's offering.

The global VNA & PACS market is expected to grow at a CAGR of 7.2% from 2018 to reach $3.87 billion by 2023

Factors such as growing investments in the medical imaging market, technological advancements in diagnostic imaging modalities and image management solutions, rapid growth in geriatric imaging volumes, growing adoption of health IT and EHRs, and rising focus on value-based care are driving the growth of VNA & PACS market.

Moreover, an increasing need for integration of PACS/VNA with EMR, growing penetration of artificial intelligence in medical imaging, and hybrid and cloud-based VNA represent high-growth opportunities that are further supporting the growth of this market. However, the longer product lifecycle of VNA and budgetary constraints may hinder the growth of Vendor Neutral Archive (VNA) and Picture Archiving and Communication System (PACS) market to some extent.

Departmental PACS are widely adopted owing to the significant adoption of PACS in radiology departments, where the majority of imaging studies are handled, managed, and stored; and rising incorporation of PACS into other specialities such as cardiology, ophthalmology, oncology, endoscopy, teleradiology, dermatology, pathology, neurology, and dentistry. Moreover, increasing pressure to improve care quality; increasing efforts to enhance the patient experience and reduce costs; and rapid increase in the capture, storage, indexing and sharing of medical images further supports the demand for departmental PACS.

Hospitals commanded the largest share of the global market in 2017 with a significant patient population treated in hospitals, creating a drive to reduce the future need for costly and time-consuming data migrations, growing number of hospitals especially in developing countries, greater budget to implement advanced solutions such as VNA in hospitals, rising aging population and burden of chronic diseases, increasing adoption of medical imaging equipment leading to rising volume of images to be managed efficiently, growing demand for enterprise-wide image data management in hospitals, and growing emphasis on value-based care.

An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major regions (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) alongside coverage of major countries in each region. North America commanded the largest share of the Vendor Neutral Archive (VNA) & Picture Archiving and Communication System (PACS) market in 2017, followed by Europe and Asia-Pacific.

The large share of this region is mainly attributed to factors such as presence of major health IT and VNA & PACS companies in the U.S., implementation of HITECH and ACA in the U.S., growing adoption of EHRs, increasing demand for standard-based medical image archiving and non-DICOM content management, technological advancements in diagnostic imaging modalities, and rapidly growing big data in healthcare.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Growing Investments in the Medical Imaging Market
4.2.2. Technological Advancements in Diagnostic Imaging Modalities
4.2.3. Rising Geriatric Imaging Volumes
4.2.4. Rapidly Growing Big Data in Healthcare
4.2.5. Growing Health IT and EHR Adoption
4.3. Restraints
4.3.1. Longer product lifecycle of VNA
4.3.2. Budgetary Constraints
4.4. Opportunities
4.4.1. Integration of PACS/VNA with EMR
4.4.2. Penetration of Artificial Intelligence (AI) in Medical Imaging
4.4.3. Hybrid & Cloud-Based Solutions Represent High-Growth Opportunities
4.4.4. Rapidly Growing Field of Telehealth
4.5. Challenges
4.5.2. Data Migration
4.5.3. Lack of Interoperability
4.6. Market Share Analysis, by Key Players

5. PACS Market, by Procurement Model
5.1. Introduction
5.2. Departmental PACS
5.2.1. Radiology PACS
5.2.2. Cardiology PACS
5.2.3. Others
5.3. Enterprise PACS

6. VNA Market, by Delivery Model
6.1. Introduction
6.2. On-Premise VNA
6.3. Hybrid VNA
6.4. Fully Cloud-Based VNA

7. VNA Market, by Procurement Model
7.1. Introduction
7.2. Enterprise VNA
7.2.1. Multi-Departmental VNA
7.2.2. Multi-Site VNA
7.3. Departmental VNA

8. VNA Market, by Vendor Type
8.1. Introduction
8.2. PACS Vendors
8.3. Independent Software Vendors
8.4. Infrastructure Vendors

9. VNA & PACS Market, by End User
9.1. Introduction
9.2. Hospitals
9.3. Diagnostic Imaging Centers
9.4. Others

10. VNA & PACS Market, by Geography

11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
11.1. Agfa-Gevaert Group
11.2. BridgeHead Software Ltd
11.3. Carestream Health, Inc.
11.4. FUJIFILM Medical Systems U.S.A., Inc.
11.5. GE Healthcare
11.6. Hyland Software, Inc.
11.7. INFINITT Healthcare Co., Ltd.
11.8. Merge Healthcare Inc. (An IBM Company)
11.9. Mach7 Technologies
11.10. McKesson Corporation (Change Healthcare)
11.11. Novarad
11.12. Philips Healthcare
11.13. Siemens Healthineers
11.14. Sectra AB

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Last Updated: 09-Oct-2018