VNA and PACS Market
VNA and PACS Market Size, Share & Trends Analysis Report by Imaging Modality (Angiography, Mammography, Computed Tomography, Magnetic Resonance Imaging), by Type (PACS Vender, VNA Software), by Mode of Delivery (On-Site (Premise), Hybrid, Web/Cloud-based), by Usage Model (Single Department, Multiple Departments, Multiple Sites), by Regions (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
Market Snapshot
VNA and PACS Market Forecast Year: | 2022 - 2028 |
VNA and PACS Market Historical Year: | 2016 - 2021 |
VNA and PACS Market 2021: | 3,429.10 USD Million |
VNA and PACS Projected Market 2028: | 4728.19 USD Million |
VNA and PACS Market CAGR: | 5.50% |
Fastest Growing Region: | Asia Pacific |
Largest Region: | North America |
VNA and PACS Market
Market Synopsis
The global VNA and PACS market is valued at 3,429.10 USD Million in 2021 and is projected to reach a value of 4728.19 USD Million by 2028 at a CAGR of 5.50% over the forecast period.
VNA is a medical archive system that helps manage the life cycle of the medical files stored on it, while PACS is a system that stores images electronically. Both VNA and PACS are important in medical image management that involves the collection, organization of medical images in successive order. To ensure proper image archiving, electronic systems have been developed that not only store imaging data, but also retrieve, share and disseminate medical images. This has led to the increasing adoption of PACS and VNA. The global VNA and PACS market is driven by factors such as increasing investments in the medical imaging industry, rising geriatric imaging volumes, technological improvements in diagnostic imaging modalities, growing adoption of healthcare IT and EHRs, and the rapid spread of big data in the healthcare sector in the next coming years.
Market Segmentation:
The VNA and PACS market is classified into Imaging Modality, Type, Mode of Delivery and Usage Model. Based on Imaging Modality, the target market is segmented as Angiography, Mammography, Computed Tomography, Magnetic Resonance Imaging, Ultrasound and Other Imaging Modalities. Based on Mode of Delivery, the target market is categorized as On-Site (Premise), Hybrid and Web/Cloud-based. Based on Type segment, the target market is divided as PACS Vendors and VNA Software. Based on Usage Model segment, the target market is categorized into Single Department, Multiple Departments and Multiple Sites.
Below tree is interactive. You can click the nodes to get more information.
Web/Cloud-based segment accounts for the largest market share in terms of revenue during the forecast period
The web/cloud-based PACS segment is offering new revenue streams to players due to its flexibility to work from remote areas and its easy scalability.
PACS vendors segment holds the largest VNA market share during the forecast period
The PACS vendors segment is expected to capture the largest share of the overall VNA market during the forecast period, owing to traditional PACS, medical imaging modalities, and medical IT companies offering VNA as an extension to their imaging portfolios. Nevertheless, the independent software vendors segment is projected to grow at the highest CAGR over the forecast period due to the emergence of VNA-only companies that focus mainly on providing VNA solutions and advanced enterprise VNA.
Asia Pacific region dominated the VNA and PACS Market during the forecast period
The North America VNA & PACS market is expected to dominate the target market during the forecast period owing to various factors such as better acceptance of advanced technologies, easy access to medical image management solutions, and the presence of many leading medical players. However, the Asia Pacific region is projected to grow at the fastest CAGR throughout the forecast period. Some of the factors driving Asia Pacific VNA & PACS market growth are rising healthcare spending in the region for improving healthcare infrastructure and digital health, the adoption of advanced imaging modalities in the industry, and government initiatives to promote EMR and telehealth.
Competitive Landscape-
Some of the major key players in the VNA and PACS market are Novarad Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), INFINITT Healthcare Co., Ltd. (South Korea), Hyland Software, Inc. (U.S.), Siemens Healthineers AG (Germany), Agfa-Gevaert Group (U.S.), Mach7 Technologies (U.S.), GE Company (U.S.), FUJIFILM Holdings Corporation (Japan), IBM Corporation (U.S.), BridgeHead Software Ltd. (U.K.), ASPYRA, LLC (U.S.), Sectra AB (Sweden), and Change Healthcare Inc. (U.S.).
VNA and PACS Market is segmented as follows:
VNA and PACS Market is tabulated as follows:
Parameter
Details
Market Size Provided for Years
2016-2028
Base Year
2021
Historic Years
2016-2020
Forecast Years
2022-2028
Segments Covered
Region & Counties Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis
Frequently Asked Questions
-
What is
the global demand for VNA and PACS
in terms of revenue?
The global VNA and PACS valued at 3,429.10 USD Million in 2020 and is expected to reach 4728.19 USD Million in 2028 growing at a CAGR of 5.50%
-
Which
are the prominent players
in the market?
The prominent players in the market are Novarad Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), INFINITT Healthcare Co., Ltd. (South Korea), Siemens Healthineers AG (Germany), Hyland Software, Inc. (U.S.), Agfa-Gevaert Group (U.S.), GE Company (U.S.), Mach7 Technologies (U.S.), FUJIFILM Holdings Corporation (Japan), BridgeHead Software Ltd. (U.K.), IBM Corporation (U.S.), Sectra AB (Sweden), ASPYRA, LLC (U.S.), and Change Healthcare Inc. (U.S.),.
-
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 5.50% between 2021 and 2028.
-
What are
the driving factors
fueling the growth of the market.
The driving factors of the VNA and PACS include
- increasing investments in the medical imaging industry, rising geriatric imaging volumes, technological improvements in diagnostic imaging modalities, growing adoption of healthcare IT and EHRs, and the rapid spread of big data in the healthcare sector
-
Which
region accounted for the
largest share in the market?
North America was the leading regional segment of the VNA and PACS in 2020.