October 2013 -- Vendor neutral archives (VNAs) are information technology platforms that allow single, long-term, centralized, and standard-based storage of medical imaging studies and other patient data from multiple vendor PACS. Picture Archiving and Communication System, on the other hand, function as tools that directly connect to different imaging modalities in a facility by acquiring images from them. The global market is estimated to be valued at $165.3 million in 2013 and is expected to reach $335.4 million by 2018, at a healthy CAGR of 15.2%.
The Picture Archiving and Communication System market is broadly categorized into departmental PACS and enterprise PACS. Departmental PACS dominates the revenue market with a market share of around 90.8% in 2013. The departmental PACS market is segmented into radiology, cardiology, and other departmental PACS. Radiology PACS accounts for the largest share—63%—of the departmental PACS market owing to the increasing volumes of diagnostic images in this department.
The vendor neutral archives market is classified on the basis of delivery mode (the form of the product offering), procurement model (deployment options chosen by customers), and VNA suppliers. In this market by delivery mode, on-premise VNA solutions are the largest segment of the market owing to the better data security and control that they offer, as perceived by hospitals. This segment is valued at $140.3 million in 2013. Hybrid vendor neutral archives solutions are expected to grow at the highest CAGR during the forecast period. By procurement model, multi-departmental VNAs have the highest adoption rate globally in 2013 and contribute around 41% to the overall market.
The driving forces for this market include the rising demand for non-DICOM content management, disaster recovery, and lifecycle management solutions. New opportunities for the market lie in development of VNAs through implementation of a patient-centric approach. However, factors such as long vendor neutral archives lifecycles and misinterpretation of the VNA concept restrain the market. Keeping pace with the evolving standards for medical images and image enablement of EHRs (Electronic Health Records) are the challenges faced by the market.
North America holds the largest share of the global market in 2013. The large share is attributed to Meaningful Use, a staged program for adoption of healthcare information systems that is a part of the HITECH Act (Healthcare Information Technology for Economical and Clinical Health Act) in the U.S., and the enterprise and state-wide installation of VNAs in Canada. Europe will witness strong growth due to the public-based healthcare system in most European countries that allows high-priced and large scale VNA contracts. The European market is poised to grow at a CAGR of 16.6% to reach $44.8 million by 2018. Australia, Brazil, China, India, and Japan and are the major contributors amongst all emerging countries in 2013.
The market is highly consolidated with key players being Acuo Technologies (U.S.), Agfa Healthcare (Belgium), Carestream Health (U.S.), Dell, Inc. (U.S.), GE Healthcare (U.K.), Merge Health (U.S.), and TeraMedica (U.S.).
Scope of the Report
This research report categorizes and analyzes the market on the basis of delivery mode, procurement model and supplier type. These markets are further divided into segments and sub-segments, to provide exhaustive value analysis for the years 2011, 2012, 2013, and forecast to 2018. Each market is comprehensively analyzed at a regional level (North America, Europe, Asia-Pacific and RoW) to provide in-depth information on the global market scenario.
Global Vendor Neutral Archives Market
Delivery Mode
On-Premise/Onsite VNA
Hybrid VNA
Fully Cloud-hosted VNA
Procurement Model
Departmental VNA
Multi-department Enterprise VNA
Multi-site Enterprise VNA
Market Players
Picture Archiving and Communication System Vendors
Independent Software Vendors
Infrastructure Vendors
Geography
North America
Europe
Asia-Pacific
RoW
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