logo
logo
Sign in

Global Vendor Neutral Archive (VNA) Market is Anticipated to Witness High Growth Owing to Rising Adoption of VNA Solutions for Integration and Management of Enterprise Imaging Data

avatar
Purvaja
Global Vendor Neutral Archive (VNA) Market is Anticipated to Witness High Growth Owing to Rising Adoption of VNA Solutions for Integration and Management of Enterprise Imaging Data

A vendor neutral archive (VNA) is a medical imaging management system that stores all medical imaging studies and reports in a standard format, regardless of the source application or modality. It provides cost-effective long-term archiving and improved access to images and related reports across the entire healthcare enterprise. Vendor neutral archive helps healthcare providers efficiently manage ever-growing medical imaging data in a scalable and secure environment. It facilitates easy integration with hospital information systems and allows sharing of radiology images and reports among clinicians, physicians, and other care teams. Growing volume of medical images due to increasing number of imaging procedures and need for effective storage and management of medical images are driving the demand for VNA solutions.

The Global Vendor Neutral Archive (VNA) Market Share is estimated to be valued at US$ 3.96 BN in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Global Vendor Neutral Archive (VNA) are Johnson & Johnson Private Limited, Merck & Co., Inc., F. Hoffmann-La Roche Ltd., Baxter, Bayer AG. Major VNA players are focusing on product innovation and partnerships with healthcare providers to expand their market share. For instance, in 2021 Merck & Co partnered with Royal Philips to integrate radiology imaging and systems onto Philips' IntelliSpace Enterprise Edition platform.

Rising investments in healthcare IT infrastructure and digitization of radiology workflows present significant growth opportunities for VNA vendors. Adoption of cloud-based VNA solutions is expected to gain traction as they offer scalability, accessibility and cost benefits.

North America dominates the global VNA market currently. However, Asia Pacific region is anticipated to witness fastest growth owing to growing medical tourism, improving healthcare infrastructure and increasing healthcare spending in countries such as China and India. Key players are expanding their presence in emerging markets through partnerships and acquisitions.

Market Drivers

- Increasing volume of medical images due to rising number of diagnostic imaging procedures

- Need for centralized long-term storage and management of radiology images and reports

- Growing investments in healthcare IT infrastructure and digitization initiatives

Market Restrains

- High costs associated with deployment and maintenance of VNA solutions

- Concerns regarding data privacy, security and integrity

- Lack of interoperability between existing radiology systems and VNA solutions

Segment Analysis

The Global Vendor Neutral Archive (VNA) market is dominated by the Cloud based VNA sub-segment. The cloud based VNA sub-segment accounts for around 60% of the overall market share owing to its merit of remote data access, lower infrastructure and operational costs, minimal data storage issues and automatic software updates. The success of cloud based VNA can also be attributed to the exponential growth of digital medical images and need to consolidate such data records across multiple platforms and geographies in a cost effective manner.

Global Analysis

The North American region commands the leading share in the global VNA market currently. Higher adoption of advanced healthcare IT solutions across the region along with presence of majority of leading VNA players has assisted North America garner approximately 40% of the global market revenue. Significantly large number of radiology imaging centers, hospitals and diagnostic clinics in countries like the US and Canada are primary end users adopting VNA platforms. Asia Pacific is identified as the fastest growing regional market for VNA solutions owing to rising medical tourism, growing instances of chronic diseases and improving electronic health records adoption in the developing countries of China, India and Japan. Players are also exploring opportunities in other emerging economies to tap the rising demand.

Get more insights on this topic: Global Vendor Neutral Archive (VNA) Market

collect
0
avatar
Purvaja
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more