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Vendor Neutral Archive & PACS Market Segmentation based on Service, Market by Region’s and Forecast 2020-2022

Vendor Neutral Archive (VNA) and Picture Archiving and Communication System (PACS) are considered prominent markets in the medical image management industry.VNA is a medical imaging technology in which images are stored in a standard format with a standard interface, such that they can be accessed through various PACS. By bringing about the sought-after changes in the clinical workflow and by enhancing the availability and unification of data, VNAs have the ability to provide optimised patient care.Owing to the popularity of VNA solutions, the Vendor Neutral Archive and PACS market is currently in the growth phase of its product lifecycle.

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Market Dynamics
The major driving forces for the vendor neutral archive market include the need for a centralized storage of standard-compliant imaging data coupled with government initiatives that favor the use of advanced cost-effective imaging information systems. The recovery cost of medical image and technological advancements are additional factors propelling the market growth considerably. Consolidation of patient data by incorporating VNAs with electronic health records is one of the prominent trends observed in this market.

Conversely, issues like the misinterpretation of the VNA concept, prolonged VNA lifecycles that sway the buying decisions of users and data breach incidencesare the potential obstacles to the expansion of the market on a global scale. Furthermore, factors such as complexity of technology and lack of harmonization in the industry may impede the growth of the market to some extent. However, these inhibiting factors are expected to be resolved in the forecast period, surging the global VNA market.

Market Segmentation
The VNA and PACS market is fragmented on the basis of its delivery mode, business mode, vendors, instrument type, and components.
Delivery Mode
On-premise VNA
Hybrid VNA
Complete Cloud-hosted VNA
Business Mode
Enterprise
Departmental
Vendors
Independent
Commercial
Instrument Type
X-Ray
Computed Tomography
Magnetic Resonance Imaging
Nuclear Imaging
Ultrasound
Components
Hardware
Software
Services

Geographical Analysis
North America leads the market with the largest consumer base in the world, followed closely by Europe. The Asia Pacific market, which consists of fast-developing economies such as India, China, and Japan, has remained largely untapped.However, this market is expanding steadily and is expected to witness rapid growth in the forecast period, owing to the increasing adoption of information technology.Developing countries with a large patient base have a higher requirement for the VNA and PACS technologies than the rest of the world.

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Key Players
Acuo Technologies (U.S.) is the market leader, followed by other prominent players of the VNA and PACS market such as Agfa HealthCare (Belgium), Carestream Health (U.S.), BridgeHead Software (U.K.), Dell, Inc. (U.S.), GE Healthcare (U.K.), Fujifilm Corporation (Japan), Merge Health (U.S.), Philips Healthcare (The Netherlands), Siemens Healthcare (Germany), McKesson Corporation (U.S.), and TeraMedica (U.S.).The recent market trends such as mergers and acquisitions show that smaller companies are working with bigger ones for advanced innovations by utilizing their core competencies.The future of this industry looks pretty optimistic, offering huge potential in the health care sector.

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