Global Vendor Neutral Archive (VNA) & PACS Market Analysis to 2023: Increasing Demand for Universalization of Medical Image Archiving - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 16, 2018--The “Global Vendor Neutral Archive (VNA) & PACS Market - Segmented by Application, Delivery Mode, Usage Model, Player type and Geography - Growth, Trend and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The Global Vendor Neutral Archive (VNA) & PACS market has been estimated at USD 3.28 billion in 2017. The market is expected to register a CAGR of 5.9% during the forecast period, 2018 to 2023. North America accounted for the largest market share, accounting for approximately 60% of the global market share in 2017, while Europe region was estimated to register the fastest CAGR through the forecast period, 2018-2023.
Rising Demand of Image Archiving
PACS dominates over VNA generating most of the revenue from the PACS replacements. PACS systems store data as per the DICOM (Digital Imaging and Communication in Medicine) standard to maintain uniformity; however, different companies have different internal formats for storing data. Here, VNA helps in centralized storage and the universalization of the image format. The requirement for a repository of medical images for accessing and sharing is increasing drastically. Therefore, it is one of the fastest growing areas.
In addition, factors such as demand for storage of non-image medical data, reduction in the cost of data storage, integration with electronic health record (EHR) and compatibility of VNA with older data archival systems also drives this market.
Sales Affected by Long-Term VNA Lifecycles
Though VNA facilitates scalable images, information and lifecycle management, the long VNA lifecycles may affect the buying decisions of users and lead to misinterpretations about the basic concepts of VNAs. Also, there is the availability of long-term data which depicts the disease propensity of an individual creating the reluctance to the insurance providers and other service providers are reluctant to give services. Hospitals, clinics and diagnostic centers are reluctant to implement this software. This impedes the growth of this market.
Companies MentionedAgfa Healthcare NV Lexmark International Inc Novarad Corporation Fujifilm Holdings Corporation IBM Corporation Dell Technologies Inc Siemens AG Koninklijke Philips NV General Electric Mckesson Corporation
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)
7. Market Segmentation
8. Competitive Landscape
9. Key Players
10. Future of The Market
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Related Topics:Computing Services,E-Healthcare,Medical Imaging
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
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PUB: 05/16/2018 08:44 AM/DISC: 05/16/2018 08:44 AM