World Vendor Neutral Archive Market by 2018 March 2014

Global Vendor Neutral Archive Market worth $3.48 Billion by 2018

The "Vendor Neutral Archive Market & PACS Market - VNA [On-premise Software, Hybrid & Cloud, MultiDepartment & 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 - VNA [On-premise Software, Hybrid & Cloud, Multi-Department & Multi-Site
VNA] & Picture Archiving and Communication System [Enterprise, Cardiology & Radiology] - Global Forecast
to 2018.

http://www.marketsandmarkets.com/Market-Reports/vendor-neutral-archive-VNA-PACS-market-1255.html

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This report studies the global VNA and PACS market over the forecast period of 2013 to 2018.
At present, the vendor neutral archive 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. 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%.
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.
Owing to the growing popularity of vendor neutral archive solutions, the VNA market is currently in the growth phase
of its product lifecycle. The market is characterized by several inter-firm partnerships to deliver best-of-breed
solutions to healthcare providers. In addition, development of products that enable the integration of VNAs with EHRs
and their subsequent launch in the market is a growing trend.
The major driving factors of the vendor neutral archive market include the need for centralized storage of standardcompliant 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.