Vendor Neutral Archive (VNA) Market is Expected to grow at a CAGR of 14.8% in 2019 - A Report by MicroMarket Monitor

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The global Vendor Neutral Archive market is driven by its increasing technological advantages over PACS.

MicroMarket Monitor

MicroMarket Monitor

Key players in the Vendor Neutral Archive (VNA) Market are Agfa HealthCare (Belgium), Carestream Health (U.S.), BridgeHead Software (U.K.), Dell, Inc. (U.S.) & others.

The Global vendor neutral archive market report defines and segments the concerned market with analysis and forecast of revenue. The Global vendor neutral archive market was valued at 161.9 million in 2013, and is expected to grow at a CAGR of 14.8% from 2014 to 2019.

Browse through the TOC of the Vendor Neutral Archive (VNA) Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

Currently, the Vendor Neutral Archives (VNA) is the most lucrative segment in the medical imaging IT market due to its vendor-agnostic approach for solving medical image archiving, management, and interoperability issues. There are several government initiatives and healthcare reforms developed for supporting the adoption and implementation of healthcare IT-based solutions like VNA. The report analyses the market on the basis of geography and it covers regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). This market is segmented and forecast on the basis of types, deployments, groups, and applications.

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The VNA market witnesses’ three major market player types—PACS vendors, independent software vendors, and infrastructure/storage vendors. All these players are distinct from each other with respect to experience, expertise, and background in the market.

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North America dominated the global VNA market accounting a share of 64.2% in 2013, and is estimated to grow at a CAGR of 14.4%. Europe, on the other hand, is growing at a CAGR of 16.1%, faster than the North American market, and contributes 27.1% to the overall market.
The high growth rate of the European market can be attributed to the high-priced and long-term nature of VNA contracts, government initiatives for promotion of healthcare IT systems and infrastructures, and improving economic conditions in the region.

The key players in the VNA 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.), Merge Health (U.S.), and TeraMedica, Inc. (U.S.).

Related Reports:

North American Vendor Neutral Archive (VNA) Market
The North American Vendor Neutral Archive Market was valued at $103.9 million in 2013, and is expected to grow at a CAGR of 14.4% during the forecast period 2014-2019.

The report analyzes the market on the basis of its delivery mode, deployment model, and supplier type. In the delivery mode segment, on-premise VNA forms the largest segment of the overall VNA market, as on-premise VNAs are perceived to offer better control and secure sharing of data. However, the hybrid VNA is estimated to be the fastest-growing segment, and consequently, a new revenue-generating segment for the players in this market. Hybrid VNAs allow the cloud to store all the second copies of images, thereby significantly reducing the cost of disaster recovery.    

European Vendor Neutral Archive (VNA) Market
Europe is the second-largest player in the global Vendor Neutral Archive Market, after North America, with a share of 27%.The growth of VNA market around the world is propelled by favorable government regulations for top markets and growing demand for standard based storage, disaster recovery, and lifecycle management solutions. The main factors restricting the growth of this market are data breach incidences, misinterpretation of the VNA concept, and long VNA lifecycles that impact the buying decisions of users.    

About MicroMarket Monitor:

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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