Vendor Neutral Archives (VNA) and Picture Archiving and Communication Systems (PACS) Market to Reach Worth USD 6.4 Bn by 2022: Increasing use of Diagnostic Imaging and Growth in Scale of Enterprise Settings to Influence VNA and PACS Demand

According to the latest report published by Credence Research, Inc. “Vendor Neutral Archives (VNA) and Picture Archiving and Communication Systems (PACS) Market - Growth, Future Prospects and Competitive Analysis, 2016-2024,” the VNA and PACS market was valued at USD 3,744.2 Mn in 2015, and is expected to reach USD 6,387.1 Mn by 2022, expanding at a CAGR of 5.9% from 2016 to 2024.

Browse the full report Vendor Neutral Archives (VNA) and Picture Archiving and Communication Systems (PACS) Market - Growth, Future Prospects and Competitive Analysis, 2016–2024 at http://www.credenceresearch.com/report/vendor-neutral-archives-vna-and-picture-archiving-and-communication-systems-pacs-market

Market Insights                                                  

The benefits of healthcare IT is being gradually realized by medical imaging professionals. One of such solutions is PACS that allows any healthcare organization to capture, store, retrieve, transmit and manage medical images both internally and enterprise-wide. While deploying PACS, any healthcare organization needs to consider the environment in which PACS is to be installed and other electronic systems with which PACs will be integrated. A Vendor Neutral Archive (VNA) is the latest evolution of PACS used for image archiving and provides a single, consolidated archiving platform to host files from different PACS software. Large healthcare organizations with outdated and ineffective PACS often opt to implement enterprise-wide VNA, instead of upgrading existing PACS.
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Global Vendor Neutral Archive (VNA) Market Portraiture
2.2 Global Picture Archiving and Communications Systems (PACS) Market Portraiture

Chapter 3 VNA & PACS Market Analysis
3.1 Global VNA & PACS Market Overview
3.1.1 Market Dynamics
3.1.2 Drivers
3.1.2.1 Intensive Electronic Medical Records (EMR) Adoption
3.1.2.2 Reimbursements and Industry Regulations
3.1.2.3 Growth of Big Data Market
3.1.3 Challenges
3.1.3.1 Usability and User Interface Challenge
3.1.3.1 Post-Implementation Issues in VNA ...

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VNA Products Segmentation Investigation 

The global VNA market is studied for the following categories:

1.   Delivery Mode

a.    Cloud-based

b.    On-premise

c.    Hybrid

2.   Procurement Mode

a.    Departmental

b.    Enterprise

3.   Vendor Type

a.    Independent Vendors

b.    PACS Vendors

The current status of image storage and management is evolving above traditional PACS. Since its introduction, VNA has established its stronghold in the image management market and is moving the manner in which healthcare facilities store, retrieve and manage patient data. Apart from exclusive VNA vendors, PACS vendors have also ventured in this market in order to tackle the overwhelming cannibalization by VNA. VNA was introduced in the 2000s and their popularity is phenomenal. As healthcare systems are increasingly facing the demand for better information storage, sharing and transmission needs, compliance to Meaningful USE criteria and improvement in efficiency, VNAs will gradually become indispensable for healthcare organizations.

Geographically, the global VNA and PACS market is cumulative to North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.

North America is observed as the largest market for VNA and PACS. It is suggested that through supportive legal reforms such as the HITECH Act, and the ACA, the U.S. market is expected to witness high adoption of VNAs and EMR. Intensive focus on government rewards on data consolidation and exchange and region-wide installation of clinical archiving in U.S. and Canada further strengthens the position of North America market. Offered benefits from installation of VNA and PACS such as cost saving, multiple consultations and patient satisfaction are certain additional factors that supports the demand for VNA and PACS from a longer perspective. Moreover, escalating need of healthcare providers to efficiently manage records of claims and reimbursements also facilitates the growth of VNA and PACS market in North America and Europe. Asia Pacific is anticipated to witness the fastest market growth during the forecast period. Healthcare IT reforms in countries such as Australia, Japan and Canada and growing reach of healthcare enterprises in countries such as India, Korea and Philippines drive the market growth in this region.

The detailed regional classification of the global VNA and PACS market is as follows:

• North America (U.S. & Canada)
• Europe (U.K., Germany and Rest of Europe)
• Asia-Pacific (Japan, China and Rest of Asia-Pacific)
• Middle East and Africa
• Latin America