Healthcare IT solutions offer advantages, such as minimal errors, improved medical care, and public health, enhanced efficiency, and better patient satisfaction. With the increasing adoption of EHRs, the sharing of medical information among patients/consumers, healthcare providers, employers, and/or payers/insurers have reached new heights. In addition, as the volume and variety of medical images increases, providers are consistently looking for better ways to store and access them. This is driving the growth of the global VNA & PACS market. Also, investment towards improving digital health in healthcare facilities is increasing and it would further lead to the adoption of advanced healthcare infrastructure and associated solutions. Some of the initiatives towards healthcare IT and EMR/EHR implementation include:
- In 2018, the global digital health funding grew to a record €13 billion (Source: StartUp Health).
- In 2020, the Office of the National Coordinator for Health Information Technology (ONC) is expected to invest $2.5 million for addressing the development and testing of data sharing functionalities.
- From 2021 to 2027, the EU is planning to invest €9.2 billion to overcome key digital challenges, including e-healthcare and citizen empowerment.
- In March 2019, Digital Information Security in Healthcare Act (DISHA) was introduced by the Indian government in order to protect and legalize digital healthcare data. The aim of DISHA is to regulate the generation, collection, storage, analysis, transmission, and ownership of patient health data and personally identifiable information.
In addition, technological advancements in modalities like MRI, PET, CT, and ultrasound have helped in transforming modern healthcare. For instance, Digital breast tomosynthesis (DBT) or 3D mammography has emerged as a new standard in breast imaging due to its dramatic improvement in lesion visibility and in early cancer detection.
Also, digital Twins are becoming another focus area in the healthcare industry. Siemens Healthineers (Germany) discussed its organ digital twin technology, which is powered by AI. Therefore, the application of 3D and 4D technologies have increased the complexity and have also led to the generation of huge data demanding advanced solutions for its management.
PACS and VNA have been widely adopted as critical tools for storing images. For instance, Novarad Corporation (U.S.) entered into an agreement with Brown University Health Services (U.S.) to provide PACS and RIS software. This agreement was made to provide primary care, which is patient-centered, high quality, confidential, easily accessible, and responsive to students’ needs. Also, in March 2018, Koninklijke Philips N.V. and ZorgSaam Hospital (Netherlands) partnered to deliver diagnostic imaging and image-guided therapy solutions, as well as other health technology solutions.
Thus, improving health IT infrastructure, advancements in imaging systems, and the need for collaborative care provides an impetus to the growth of VNA & PACS adoption. This is expected to drive the global VNA & PACS market at a CAGR of 6.7% to reach $4.89 billion by 2027, according to Meticulous Research®.
Meticulous Research’s Repository for VNA and PACS Technology Include:
VNA Market and PACS Market by Procurement (Departmental and Enterprise), Delivery (On Premise, Hybrid, Cloud Based), Vendor (PACS, Independent Software, Infrastructure), and End User (Hospitals, Diagnostic Imaging Centers) – Global Forecast to 2027
https://www.meticulousresearch.com/product/vna-market-pacs-market-forecast-4440
Medical Image Management Market by Product {PACS [Departmental (Radiology, Mammography, Cardiology), Enterprise], VNA [(On-premise, Hybrid), [Vendor (PACS, Independent Software, Infrastructure)], AICA, Universal Viewer} and End User – Global Forecast to 2027
https://www.meticulousresearch.com/product/medical-image-management-market-4761
China VNA and PACS Market by Department (Cardiology, Radiology, Pathology, Oncology), Enterprise, Delivery Mode (On premise, web/cloud based, hybrid), Vendor (PACS, ISV, Infrastructure), End User (Hospitals, Diagnostic Imaging Center) - Forecast to 2023
https://www.meticulousresearch.com/product/china-vna-market-and-pacs-market-4960
India VNA and PACS Market by Department (Cardiology, Radiology, Pathology, Oncology), Enterprise, Delivery Mode (On premise, web/cloud based, hybrid), Vendor (PACS, ISV, Infrastructure), End User (Hospitals, Diagnostic Imaging Center) - Forecast to 2023
https://www.meticulousresearch.com/product/india-vna-and-pacs-Market-4961
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