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Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market Size Projected To Reach $5.71 Billion By 2034 With A Cagr Of 6.3%
Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS)
What Is the Projected Growth of the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market?
In the last few years, the market size for the vendor-neutral archive (VNA) and picture archiving and communication system (PACS) has seen a robust growth. This market is projected to expand from $4.19 billion in 2024, to $4.47 billion in 2025 with a compound annual growth rate (CAGR) of 6.8%. This significant development during the historical period can be credited to the escalating amount of medical imaging data, government incentives encouraging healthcare IT adoption, the necessity for more efficient workflows in the healthcare sector, a growing focus on interoperability, the need for long-term data preservation, and an increase in diagnostic imaging procedures.
The market size for the vendor-neutral archive (VNA) & picture archiving and communication system (PACS) is poised to experience significant expansion in the forthcoming years, escalating to $5.71 billion in 2029 with a compound annual growth rate (CAGR) of 6.3%. The anticipated surge during the projected period can be ascribed to ongoing expansion in medical imaging data, worldwide initiatives for healthcare data interoperability, heightened focus on data protection, trends in telemedicine and remote diagnostics, integration with sophisticated analytics, emphasis on patient-centered healthcare, and government backing for healthcare IT infrastructure. Leading trends expected during the forecast period encompass the adoption of cloud-based vendor-neutral archives, focus on interoperability and standardization, incorporation of artificial intelligence for image assessments, increase in mobile access and teleradiology resolutions, and the establishment of vendor-neutral image sharing networks.
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What Are the Different Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market Segments?
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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What Are the Primary Drivers Shaping the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market?
The expectation of a surge in the vendor-neutral archive (VNA) and picture archiving and communication system (PACS) market is due to an increase in the adoption of electronic health records (EHRs). Representing the electronic counterpart of the physical records of a patient, EHRs include an all-encompassing health profile, detailing historical medical data, diagnoses, treatments, vaccines, medication, and other vital health information. The rising use of EHRs boosts the relevance of VNA and PACS in the healthcare sector by facilitating an easier blend of data, interoperability, and improved workflows. These toolsets contribute significantly towards managing, storing, and letting authorized personnel access diagnostic imaging data, ensuring high-quality caregiving while respecting the patient's privacy and security rights. For example, data from the Munich American Reassurance Company in June 2023 claimed that the adoption of EHRs grew from 23% in 2020 to 61% in 2022. Therefore, the VNA & PACS market is projected to grow with the increasing adoption of EHRs. The vendor-neutral archive (VNA) and PACS market is also driven by a rise in cases of infectious diseases. These ailments, triggered by invasive microorganisms including bacteria, viruses, parasites, or fungi, increase the demand for VNA and PACS technology for the effective storage, retrieval, and management of medical imaging data. These technologies enable precise and timely diagnostic, monitoring, and treatment for patients with infectious diseases. According to data released in March 2023 by the US-based National Center for Biotechnology Information, the country reported 8,300 incidences of tuberculosis in 2022 as opposed to 7,874 cases the previous year. TB incidence increased slightly in 2022 to 2.5 per 100,000 people, from 2.4 in 2021. Therefore, the vendor-neutral archive (VNA) and PACS market is expected to grow due to the rising prevalence of infectious diseases.
Which Companies Are Leading 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.
What Are the Major Trends Shaping the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market?
Leading firms in the vendor-neutral archive (VNA) and picture archiving and communication system (PACS) markets are focusing on groundbreaking technologies like imaging electronic medical records (EMR). An EMR serves as the digital counterpart of a patient's physical medical chart, encapsulating a patient's medical history, diagnosis, treatment plans, and results from tests, consolidated within a single healthcare setting. For example, in October 2022, RamSoft Inc., a healthcare software company based in Canada, introduced the OmegaAI imaging EMR that merges medical imaging solutions. The platform is crafted to streamline imaging workflows and bolster patient care. It is characterized by a consolidated workflow list, a zero-footprint viewer, sophisticated workflow automation, and comprehensive patient records. The advantages comprise uninterrupted integration, enhanced interoperability, financial feasibility, better patient care, and increased patient empowerment. Its cloud-native design reduces the need for local data centers, thereby enhancing operational effectiveness and encouraging patient participation.
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What Are the Top Revenue-Generating Geographies in the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market?
2. What is the CAGR expected in the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market?
3. What Are the Key Innovations Transforming the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Industry?
4. Which Region Is Leading the Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS) Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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