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(MoneyNewsWire.Net, April 23, 2018 ) The Asia-Pacific VNA & PACS market has been estimated at USD 0.49 billion in 2016 and is projected to reach USD 0.68 billion by 2021, at a CAGR of 6.71% during the forecast period from 2016 to 2021. Vendor Neutral Archiving is a technology that gathers images in a basic format with a basic interface, which can be retrieved through various PACS.
VNAs offer timely access to patient information at the point of care. They also deliver quick access to professional help for patients. They help in decision making and also provide a sense of transparency for the entire procedure.
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The growth of the Asia-Pacific VNA & PACS market is mainly due to the increasing demand for standard based storage, lifecycle management solutions, and disaster recovery. Increasing population in this part of the world is also supporting the growth of the VNA & PACS market. Lack of awareness of the VNA concept is the main hindrance for the market in this region.
The Asia-Pacific VNA market has been segmented on the basis of business mode into enterprise and departmental, based on vendors into independent and commercial and is also segmented by the delivery mode into On-premise VNA, hybrid VNA and complete cloud-hosted VNA. On-premise VNA makes up the major segment of the overall VNA market, as on premise VNAs are observed to offer enhanced control and reliable sharing of data. However, Hybrid VNA will be the quickest growing and subsequently will be a new revenue generating segment for companies in this market. Hybrid VNAs allow the cloud to save all the second copies of images, thereby considerably decreasing the cost of disaster recovery. The global PACS market is segmented by business mode into enterprise and departmental, by type of instruments into X--ray, computed tomography, Magnetic Resonance Imaging, nuclear imaging, ultrasound and others, also by components into hardware, software and services.
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The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Japan leads the market in this region. This region offers substantial opportunities for the VNA & PACS market, with China and India being the most populous countries in this region contributing to the increasing demand and also due to the nation and state-wide healthcare IT policies in China, Japan, and Australia. However, price sensitivity has considerably hindered the growth of the market in this region. Indonesia, Vietnam, and Malaysia, are some of the promising players in this market.
The major companies dominating this market for its products and services in this region are Acuo Technologies (U.S.), Carestream Health (U.S.), Dell, Inc. (U.S.), BridgeHead Software (U.K.), Fujifilm Corporation (Japan), Merge Health (U.S.), Philips Healthcare (The Netherlands), Siemens Healthcare (Germany), and TeraMedica (U.S.). The recent trends in mergers and acquisitions show that smaller companies are working with bigger ones for advanced innovations by utilizing their core competencies.
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