Vendor-Neutral Archive & PACS Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

VNA & PACS Market Analysis

The Vendor-Neutral Archive And PACS Market size is estimated at USD 3.89 billion in 2024, and is expected to reach USD 4.94 billion by 2029, growing at a CAGR of 5.13% during the forecast period (2024-2029).

The COVID-19 pandemic showed a significant impact on the studied market. The increase in COVID-19 patients and the surge in diagnostics requirements in diagnostic centers, clinics, hospitals, and mobile clinics increased during the pandemic. It fuelled the demand for integrating VNAs into hospital systems for easy diagnosis and access to patient records. According to an article published in the Journal of Digital Imaging in April 2021, the study was conducted to evaluate the disaster planning process during the COVID-19 pandemic phase, and it showed that researchers enabled their picture archiving and communication system (PACS) workstation for home use and evaluate system performance. After that, various guidelines were made, and several research centers allowed wireless adapters for the PACS workstations for use at home. It positively impacted the growth of the market studied. Thus, COVID-19 showed a considerable impact on the market studied. This is further anticipated to continue its growth trend during the analysis period.

Factors such as increasing demand for the universalization of medical image archiving, reducing data storage costs, and high-level integration with the Electronic Health Records (EHR) industry are some of the major factors expected to drive the market studied. In addition, the universal demand for digitization of healthcare systems has increased the demand for medical archiving. The research article published in the Diagnostics Journal in July 2021 stated that large amounts of imaging data are generated in daily clinical practice constantly, leading to continuously expanding archives, and new progressive efforts are being made worldwide to build large-scale medical imaging repositories. Thus, the research and studies show demand for medical imaging archives, which may drive the growth of the overall market studied.

Additionally, studies have been conducted recently to clarify the pros and cons of PACS and VNAs and suggest that organizations can use PACS successfully, but to save money in the long run and quickly associated with data storage and effectively use medical images, VNAs should be considered as a promising option for reducing long-term costs and allowing greater interoperability around critical imaging data. Moreover, the compatibility of VNA with older data archival systems is another major driving factor for the studied market.

For instance, an article published by RamSoft Inc. in March 2022 stated that VNAs could assist healthcare providers in optimizing their medical imaging operations and increase business growth with specific advantages, enhanced interoperability, and data exchange. Also, the article highlighted that some commercially available powerful VNAs offer the prominent advantage of acting as a single integration point for data stored by diverting the burden of integration from every separate clinical system connected to the organization's network. Thus, the market studied is expected to grow due to the abovementioned factors.

Moreover, the engagement of major companies worldwide in advancing enterprise imaging is another driving factor for the market studied. For instance, in November 2021, GE Healthcare developed a next-generation, cloud-based picture archiving and communication system (PACS) to help healthcare organizations keep current with rapidly evolving technology. The subscription-based diagnostic imaging solution called Edison True PACS encompasses diagnostic reading, exam workflow, AI Applications, 3D post-processing, enterprise visualization, and archiving in a single platform. Thus, the studied market growth is attributed to the abovementioned factors, and the market is expected to grow significantly over the forecast period. However, the availability of long-term data affecting the decisions of service providers and the long product life cycle are some factors that are predicted to hinder market growth.

VNA & PACS Market Trends

On-Site (Premise) Segment is Expected to Hold a Significant Share Over the Forecast Period

VNA & PACS Industry Segmentation

As per the scope of this report, VNA is a technology in which images and documents are stored in a standard format. PACS is a technology that provides economical storage and convenient access to images from multiple modalities. The Vendor-Neutral Archive (VNA) and PACS Market are Segmented by Imaging Modality (Angiography, Mammography, Computed Tomography, Magnetic Resonance Imaging, Ultrasound, and Other Imaging Modalities), Type (PACS and VNA Software), Mode of Delivery (On-Site (Premise), Hybrid and Cloud-hosted), Usage Model (Single Department, Multiple Departments, and Multiple Sites), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (USD) for the above segments.