by The global vendor neutral archive (VNA) market comprises software or systems that help in the storage, access, management and distribution of medical images and documents generated from various medical devices in healthcare facilities. VNA solutions assist in eliminating numerous picture archiving and communication system (PACS) and combining multi-department and multi-facility usage, expediting clinical treatment and reducing operational costs. Major advantages associated with VNA include easily integration with existing systems, secure data storage, access to digital imaging records across departments and locations, and improved workflow for clinicians. The rising demand for interoperable medical imaging systems and need to integrate healthcare IT solutions are key factors driving the adoption of VNA solutions globally.
The Global Vendor Neutral Archive (VNA) Market 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, Eli Lilly and Company, Sun Pharmaceutical Industries Ltd., Aurobindo Pharma, Lupin , Allergan, AbbVie Inc., Abbott, Bausch Health Companies Inc. , Pfizer Inc., GlaxoSmithKline plc, Novartis AG, Mylan N.V., Teva Pharmaceutical Industries Ltd., Sanofi, AstraZeneca.
Key opportunities in the market include rising spending on digital imaging and healthcare IT infrastructre by hospitals, expnading applications of Global Vendor Neutral Archive (VNA) Market Trends in diagnostic imaging and image intensive specialties such as radiology, cardiology.
Globally, North America is expected to hold the largest share in the VNA market owing to rapid adoption of interoperable healthcare IT solutions. Increasing investments towards development of digital healthcare infrastructure and growing focus on improving clinical workflows in hospitals are factors fostering regional market growth. Asia Pacific VNA market is anticipated to witness lucrative growth over the forecast period supported by rising medical tourism, growing healthcare expenditure, and increasing installation of medical imaging systems in hospitals and clinics.
Market drivers: The key driver fueling growth of the Global Vendor Neutral Archive (VNA) market includes rising need to create interoperability between diverse radiology systems and imaging equipment deployed across healthcare facilities. Growing digitization of medical imaging records and long-term storage requirements are also supporting increased demand for VNA solutions globally.
PEST Analysis
Political: Governments around the world are focusing on digitizing healthcare infrastructure and promoting usage of digital platforms. Many countries have introduced favorable regulations to encourage adoption of VNA systems.
Economic: VNA solutions help hospitals reduce operational costs by eliminating duplication of medical imaging data. They also enable access to patient records from remote locations, improving workflow efficiencies.
Social: Patient demand for efficient and digitized healthcare is increasing. VNA systems offer improved care quality by giving authorized clinicians a unified view of patient medical history.
Technological: VNA provides a central repository for images and related data from multiple sources and modalities. This facilitates interoperability between different healthcare IT systems. Advancements in cloud computing and AI are further enhancing capabilities of VNA platforms.
North America leads in terms of value share for VNA owing to large healthcare expenditures and early adoption of digital technologies. The region accounted for over 40% market share in 2024 driven by continual upgrades of healthcare infrastructure in the US and Canada.
Asia Pacific is poised to be the fastest growing regional market during the forecast period. This can be attributed to rising medical tourism, increasing healthcare budgets and growing focus on modernizing healthcare systems across large economies like China and India.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.
