The global VNA market is poised to reach $335 million by 2018, at a healthy double-digit CAGR; whereas, the PACS market is growing at a steady CAGR of 5.8%, to reach $4.3 billion by 2018
(PRWEB) February 26, 2014
The "Vendor Neutral Archive Market and PACS Market - VNA [On-premise Software, Hybrid and Cloud, Multi-Department and Multi-Site VNA] and Picture Archiving and Communication System [Enterprise, Cardiology and 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.
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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%. t present, the vendor neutral archive (VNA) and picture archiving and communication system (PACS) markets form indispensable segments of the imaging informatics market. The overall market (VNA and PACS) comprises of VNA software solutions as well as departmental and enterprise PACS.
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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.
he major driving factors of the VNA 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 VNA market.
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.).
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