(PRWEB) May 17, 2014
The "Vendor Neutral Archive Market & PACS Market - VNA [On-premise Software, Hybrid & Cloud, Multi-Department & Multi-Site VNA] & Picture Archiving and Communication System [Enterprise, Cardiology & Radiology] - Global Forecast to 2018" analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and Rest of the World.
Browse 54 market data tables and 48 figures spread through 215 pages and in-depth TOC on Vendor Neutral Archive Market & PACS Market"
Early buyers will receive 10% customization on reports.
This report studies the global VNA and PACS market over the forecast period of 2013 to 2018.
The overall market (VNA and PACS) comprises of VNA software solutions as well as departmental and enterprise PACS. The global VNA market is estimated at $165.3 million in 2013 and is poised to reach $335.4 million by 2018, at a CAGR of 15.2%.
Download Free PDf Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=1255
Departmental PACS currently dominates the overall VNA and PACS market with around 86.5% of the total revenue contribution. However, this market is a considerably mature market generating most of the revenues from PACS replacements. Hence, the market is expected to witness a stable CAGR of 5.2% from 2013 to 2018. Enterprise PACS, on the other hand, is growing faster than departmental PACS and is expected to reach $510 million by 2018, at an almost double CAGR.
Inquire Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1255
Considering this, hybrid VNA solutions are known to be a better fit for these small and medium hospitals owing to their cost effectiveness. Moreover, with the growing need for disaster recovery solutions, putting all second copies of images on the cloud reduces costs significantly as the capital expenditure involved in establishing a secondary data center is greatly decreased. Hence, the hybrid VNA segment is expected to gain popularity among healthcare providers in the coming five years and is also poised to grow at a high CAGR of 18.7% from 2013 to 2018.
By procurement model, multi-site VNAs are where the major developments are taking place. This is due to the growing number of hospital partnerships, consolidation of healthcare organizations, and government regulations such as the Patient Protection and Affordable Care Act (PPACA) that support partnerships and consolidations.
The major driving factors of the vendor neutral archive market include the need for centralized storage of standard-compliant imaging data, government initiatives that favor the use of advanced imaging information systems, and technology and cost-related benefits. On the other hand, lack of an established definition of VNA resulting in confusion and data insecurity (breaches) is an issue that restricts market growth. Cloud-based VNAs, emerging markets, and patient-focused systems promise high-growth opportunities in the global market.
In 2013, North America contributes the maximum share to both VNA and PACS markets, with shares of 64% and 48%, respectively. U.K., Germany, and France contribute largely to the European VNA and PACS market, whereas the Asia-Pacific region represents the most promising region owing to the nation and state-wide healthcare IT policies in Australia, China, and Japan. Although the penetration of VNAs in the RoW region is low, the PACS technology is now widely adopted in Latin America and the Middle East.
Key companies in the VNA and PACS market include Acuo Technologies (U.S.), Agfa HealthCare (Belgium), BridgeHead Software (U.K.), Carestream Health (U.S.), Dell, Inc. (U.S.), GE Healthcare (U.K.), Fujifilm Corporation (Japan), Merge Health (U.S.), McKesson Corporation (U.S.), Philips Healthcare (The Netherlands), Siemens Healthcare (Germany), and TeraMedica (U.S.).
Browse Related Reports:
Health Information Exchange (HIE) Market by Setup Types (Public & Private), Vendors (Web Portal & Platform), Implementation Models (Centralized, Federated, & Hybrid), Application (Interfacing, Secure Messaging) - Global Trends & Forecast to 2018
North American Healthcare Cloud Computing Market by Applications (EMR, PACS, RIS, RCM, APB), Deployment (Private, Public, Hybrid), Service (SAAS, IAAS), Pricing (Pay-As-You-Go, Spot) & End Users (Provider, Payers) - Forecast to 2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/healthcareit.
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets.