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Global Vendor Neutral Archive (VNA) Market - Forecasts from 2022 to 2027

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  • 124 Pages
  • March 2022
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5576372
The vendor neutral archive (VNA) market is projected to grow at a compound annual growth rate of 7.06% from the market size of US$514.665 million in the year 2020 to reach the market size of US$829.712 million in 2027.The growth is attributed to the increasing demand for medical image archiving systems universalization, a reduction in data storage costs, and the high-level integration of the electronic health record industry. The vendor-neutral archive is also preferred due to its compatibility with older data archival systems.

The vendor-neutral archive is a technology for medical imaging. In this, the medical images and documents are archived in a proper standardized format with a standard interface. Due to the standardization, these images can be accessed in a vendor-neutral manner by any other system. The term is used in the traditional picture archiving and communication system. The vendor-neutral archive and picture archiving and communicating system share many common features. The vendor-neutral archive market is estimated to grow owing to the rising demand for storage based on standards, disaster recovery, lifecycle management strategies, and many favorable government regulations for many top VNA companies. The VNA market is thus expected to grow during the forecast period.

The growing trend of electronic health records (EHR) is expected to propel the market. At present, for the sake of quality care delivery and maintaining efficient healthcare management, information-based decision-making is crucial. The availability of patients’ health-related data is required for crucial decision-making. Although the data or patient’s information does exist in the various systems of numerous healthcare providers, it is not readily available to the doctor or clinician. Most of the time, the patients’ data is being floated in departmental silos and file systems. This will ultimately lead to decisions being taken based on incomplete information. In an attempt to prevent such situations or such decisions, the trend of electronic health records has been evolving.
The vendor-neutral archive integrates the consolidation of patients’ information with an electronic health record system. This allows doctors and clinicians to make effective decisions. The trend of electronic health records started long ago. The initiatives taken by governments to enhance its outreach by undertaking various programs have accelerated its growth in both developed and developing countries worldwide. However, the EHR system is adopted more widely in developed countries owing to the early adoption of advanced technology. T Organizations with the high-level integration of electronic health records can liberate the patient’s information and make it available to doctors or other healthcare professionals whenever required.

Picture archiving and communication systems, which have common features of vendor-neutral archive systems,  are also expected to grow with the VNA market. Due to the rising awareness regarding vendor-neutral archive and picture archiving and communication systems, the adoption of these technologies has been done by many hospitals in developed countries, and a similar scope is expected in developing countries as well. The other factors contributing to the growth of the VNA system are the increasing focus on the healthcare sector and rising healthcare expenditure. The Vendor  Neutral  Archive is mostly used in radiology. Along with this, it is also applied in the ultrasound and MRI systems to record and store the patient’s data.

Recent developments

  • In December 2021, Agfa HealthCare launched a new digital radiography room named Valory at RSNA.
  • In August 2021, FUJIFIL Medical Systems Inc. launched Synapse 7x, which is an image visualisation and storage platform. It is the next generation of PACS and VNA.

North America holds a significant market share

North America has dominated the vendor-neutral archive market and is expected to continue its top position during the forecast period. The North American countries, such as the United States, and Canada, are the early adaptors of advanced technologies. These countries are at the frontline of reducing healthcare costs by applying various innovations. Information systems are capable enough to reduce this cost and improve the outcomes. This system also improves the quality-of-care delivery. Considering these many advantages of the VNA system, North America is enhancing the development and usage of VNA in its countries. Thus, is expected to grow at a faster pace in the Vendor Neutral Archive market during the forecast period.

Restraints on the market’s growth

The vendor-neutral archive is avoided by consumers because of the fact that this system does not provide long-term data. Similarly, the vendor-neutral archive product does not stand alone with a short lifecycle. These factors create an obstacle in the path of the VNA market. Due to its high cost and doubts about its performance in storing large amounts of data,  many developing countries have not implemented this technology in their hospitals.

Market Segmentation

By Deliver Type

  • On-Premises VNA
  • Hybrid VNA
  • Fully Cloud-Hosted VNA

By Model

  • Departmental VNA
  • Multi-Departmental VNA
  • Multi-Site VNA

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
  • Middle East and Africa
  • South Africa
  • Saudi Arabia
  • Others
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Taiwan
  • Indonesia
  • Others
Frequently Asked Questions about the Global Vendor Neutral Archive (VNA) Market

What is the estimated value of the Global Vendor Neutral Archive (VNA) Market?

The Global Vendor Neutral Archive (VNA) Market was estimated to be valued at $514.67 million in 2020.

What is the growth rate of the Global Vendor Neutral Archive (VNA) Market?

The growth rate of the Global Vendor Neutral Archive (VNA) Market is 7.0%, with an estimated value of $829.71 million by 2027.

What is the forecasted size of the Global Vendor Neutral Archive (VNA) Market?

The Global Vendor Neutral Archive (VNA) Market is estimated to be worth $829.71 million by 2027.

Who are the key companies in the Global Vendor Neutral Archive (VNA) Market?

Key companies in the Global Vendor Neutral Archive (VNA) Market include Afga healthcare, FUJIFILM Holding Corporation, Dell Technologies Inc, GE Healthcare, IBM Corporation, Koninklijke Philips NV, Lexmark International Inc, McKesson Corporation, Novarad Corporation and Siemen AG.

Table of Contents

1. INTRODUCTION1.1. Market Definition
1.2. Market Segmentation

2. RESEARCH METHODOLOGY  2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY3.1. Research Highlights

4. MARKET DYNAMICS4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5.2. On-Premises VNA
5.3. Hybrid VNA
5.4. Fully Cloud-Hosted VNA

6.2. Multi-Departmental VNA
6.3. Multi-Site VNA

7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. Germany
7.4.2. France
7.4.3. United Kingdom
7.4.4. Italy
7.4.5. Spain
7.4.6. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. South Africa
7.5.3. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. Japan
7.6.3. South Korea
7.6.4. India
7.6.5. Thailand
7.6.6. Indonesia
7.6.7. Taiwan 
7.6.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. Companies Mentioned9.1. Afga healthcare
9.2. FUJIFILM Holding Corporation
9.3. Dell Technologies Inc
9.4. GE Healthcare
9.5. IBM Corporation
9.6. Koninklijke Philips NV
9.7. Lexmark International Inc
9.8. McKesson Corporation
9.9. Novarad Corporation 
9.10. Siemen AG

Companies Mentioned

  • Afga healthcare
  • FUJIFILM Holding Corporation
  • Dell Technologies Inc
  • GE Healthcare
  • IBM Corporation
  • Koninklijke Philips NV
  • Lexmark International Inc
  • McKesson Corporation
  • Novarad Corporation
  • Siemen AG