06262017Headline:

3 Factors Driving Vendor Neutral Archive (VNA) Market after 2013

One of the emerging technologies of medical imaging, vendor neutral archive or VNA is often used as a distinct from a traditional PACS or picture archiving and communications systems. In VNA technology, images, documents and all the files of potential clinical relevance are archived for easy access in a vendor-neutral manner. Vendor neutral archive (VNA) market provides information technology platform for centralized, long-term and standard based medical data storage from multiple vendors. The global industry for this technology is currently making buzz with technological advancements and various other driving factors. According to the experts, the industry is also expected to maintain a healthy growth within next four to five years, which is great for the existing business owners in the market.

Segmentation in VNA Market

Researchers categorize the global market in various segments in order to analyze it to perfection. The vendor neutral archive market is segmented on the basis of the types of delivery modes, market players, procurement models and demand patterns across geographic regions. Delivery mode segment consists of op-premise VNA, fully cloud hosted VNA and hybrid VNA. Procurement models of vendor neutral archive systems include departmental, multidepartment and multisite enterprise VNA. Market players include independent software vendors, picture archiving and communication systems vendors and infrastructure vendors. Based on geography, the industry is segmented into four segments, which include North America, Europe, Asia Pacific and rest of the world.

Forecasting Trends from 2013 to 2018

Three strongest drivers pushing the vendor neutral archive (VNA) market include:

  • Lifecycle management solutions
  • Disaster recovery
  • Non-DICOM content management

Constraints for the industry mainly include long VNA lifecycles and misinterpretations about the basic concepts of vendor neutral archive. Nevertheless, expert researchers are confident about the future in terms of growth and business opportunities of the VNA market. Based on market research reports, vendor neutral archive market is expected to grow at a healthy CAGR of over 15% from 2013 to 2018. This estimated CAGR is expected to take the market at $335.4 million by 2018. As of 2013, the market was worth $165.3 million.

Delivery mode and on premise VNA solutions hold the largest market shares. However, as far as forecasting is concerned, hybrid VNA solutions are expected to maintain healthy growth in the years to come. In terms of geographic regions, North America is dominating the global industry. However, the European market is poised to make impressive progress during the forecasting period.

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