The Asia Pacific Vendor Neutral Archive (VNA) & PACS Market is expected to witness market growth of 10.2% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Vendor Neutral Archive (VNA) & PACS Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD633.3 million by 2031. The Japan market is registering a CAGR of 9.5% during 2024-2031. Additionally, the India market would showcase a CAGR of 10.8% during 2024-2031.
Healthcare organizations increasingly adopt VNA and PACS systems as part of their broader strategy to integrate and streamline healthcare IT systems. The shift towards integrated healthcare systems, which consolidate various clinical and administrative functions, drives the adoption of VNA and PACS solutions that facilitate comprehensive data management and interoperability across different departments and facilities.
The growing volume of imaging data generated by advanced diagnostic technologies necessitates robust long-term data storage solutions. VNA systems are being adopted to address this need by providing scalable and cost-effective storage options for vast amounts of imaging data, ensuring that historical records are preserved and accessible for future reference and analysis.
As the medical device sector grows in China, there will be an increased adoption of advanced imaging technologies. This growth will drive demand for PACS systems to manage and integrate data from a wider range of sophisticated imaging devices. According to the International Trade Administration (ITA), the medical device industry in China is expected to expand at a rate of 8.3% from 2021 to 2026, reaching USD48.8 billion by 2026. As the hospital sector in India grows, there will be a greater demand for diagnostic imaging services.
This will drive the adoption of PACS systems to manage, store, and retrieve large volumes of imaging data efficiently across newly established and expanded hospitals. According to the National Investment Promotion and Facilitation Agency of India, the hospital industry accounts for 80% of the healthcare industry. Therefore, the rising medical device industry and expansion of the hospital sector in the region are driving the growth of the market.
Based on Product Type, the market is segmented into VNA (Multi-Department VNA, Department VNA, and Multi-Site VNA) and PACS (Multi-Department PACS, Department PACS, and Multi-Site PACS). Based on Vendor Type, the market is segmented into Independent Vendor and Third-party Vendor. Based on Deployment, the market is segmented into On-Premise, Cloud-Based, and Hybrid Model. Based on End User, the market is segmented into Hospitals & Clinics, Diagnostic Centers, and Others.
The China market dominated the Asia Pacific Vendor Neutral Archive (VNA) & PACS Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD633.3 million by 2031. The Japan market is registering a CAGR of 9.5% during 2024-2031. Additionally, the India market would showcase a CAGR of 10.8% during 2024-2031.
Healthcare organizations increasingly adopt VNA and PACS systems as part of their broader strategy to integrate and streamline healthcare IT systems. The shift towards integrated healthcare systems, which consolidate various clinical and administrative functions, drives the adoption of VNA and PACS solutions that facilitate comprehensive data management and interoperability across different departments and facilities.
The growing volume of imaging data generated by advanced diagnostic technologies necessitates robust long-term data storage solutions. VNA systems are being adopted to address this need by providing scalable and cost-effective storage options for vast amounts of imaging data, ensuring that historical records are preserved and accessible for future reference and analysis.
As the medical device sector grows in China, there will be an increased adoption of advanced imaging technologies. This growth will drive demand for PACS systems to manage and integrate data from a wider range of sophisticated imaging devices. According to the International Trade Administration (ITA), the medical device industry in China is expected to expand at a rate of 8.3% from 2021 to 2026, reaching USD48.8 billion by 2026. As the hospital sector in India grows, there will be a greater demand for diagnostic imaging services.
This will drive the adoption of PACS systems to manage, store, and retrieve large volumes of imaging data efficiently across newly established and expanded hospitals. According to the National Investment Promotion and Facilitation Agency of India, the hospital industry accounts for 80% of the healthcare industry. Therefore, the rising medical device industry and expansion of the hospital sector in the region are driving the growth of the market.
Based on Product Type, the market is segmented into VNA (Multi-Department VNA, Department VNA, and Multi-Site VNA) and PACS (Multi-Department PACS, Department PACS, and Multi-Site PACS). Based on Vendor Type, the market is segmented into Independent Vendor and Third-party Vendor. Based on Deployment, the market is segmented into On-Premise, Cloud-Based, and Hybrid Model. Based on End User, the market is segmented into Hospitals & Clinics, Diagnostic Centers, and Others.
List of Key Companies Profiled
- Hyland Software, Inc.
- GE HealthCare Technologies, Inc.
- Koninklijke Philips N.V.
- Siemens Healthineers AG (Siemens AG)
- Fujifilm Holdings Corporation
- IBM Corporation
- Carestream Health, Inc. (Onex Corporation)
- Novarad Enterprise Healthcare Solutions
- Canon, Inc. (Canon Medical Systems Corporation)
- INFINITT Healthcare Co. Ltd.
Market Report Segmentation
By Product Type
- VNA
- Multi-Department VNA
- Department VNA
- Multi-Site VNA
- PACS
- Multi-Department PACS
- Department PACS
- Multi-Site PACS
By Vendor Type
- Independent Vendor
- Third-party Vendor
By Deployment
- On-Premise
- Cloud-Based
- Hybrid Model
By End User
- Hospitals & Clinics
- Diagnostic Centers
- Others
By Application
- Cardiology
- Orthopedic
- Oncology
- Neurology
- Obstetrics & Gynecology
- Others
By Modality
- Computed Tomography
- Mammography
- MRI
- Ultrasound
- X-Rays
- PET
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Vendor Neutral Archive (VNA) & PACS Market by Product Type
Chapter 6. Asia Pacific Vendor Neutral Archive (VNA) & PACS Market by Vendor Type
Chapter 7. Asia Pacific Vendor Neutral Archive (VNA) & PACS Market by Deployment
Chapter 8. Asia Pacific Vendor Neutral Archive (VNA) & PACS Market by End User
Chapter 9. Asia Pacific Vendor Neutral Archive (VNA) & PACS Market by Application
Chapter 10. Asia Pacific Vendor Neutral Archive (VNA) & PACS Market by Modality
Chapter 11. Asia Pacific Vendor Neutral Archive (VNA) & PACS Market by Country
Chapter 12. Company Profiles
Companies Mentioned
Some of the key companies in the Asia-Pacific Vendor Neutral Archive (VNA) & PACS Market include:- Hyland Software, Inc.
- GE HealthCare Technologies, Inc.
- Koninklijke Philips N.V.
- Siemens Healthineers AG (Siemens AG)
- Fujifilm Holdings Corporation
- IBM Corporation
- Carestream Health, Inc. (Onex Corporation)
- Novarad Enterprise Healthcare Solutions
- Canon, Inc. (Canon Medical Systems Corporation)
- INFINITT Healthcare Co. Ltd.
Methodology
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