The Global Vendor Neutral Archive (VNA) Market is driven by increasing adoption of healthcare IT solutions
The global vendor neutral archive (VNA) market involves the storage, indexing, and management of images and associated reports from multiple providers in a neutral, standards-based, non-proprietary format. VNAs help in organizing and storing formatted radiology medical records and examinations like X-rays, CT scans, ultrasound images, and nuclear medicine studies. It provides a centralized access point across clinical facilities to medical images and related reports for users through indexing and archiving features. VNA can integrate with various clinical systems and offer significant benefits such as cost optimization in medical imaging storage, enhanced interoperability, reduced data loss and improved productivity. Growing healthcare infrastructure across emerging nations along with rising expenditure on healthcare IT is creating massive demand for vendor neutral archive solutions.
The Global Vendor Neutral Archive (VNA) Market Share 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) market 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. These players are focusing on new product launches and mergers & acquisitions to expand their global presence.
The growing adoption of advanced healthcare IT solutions across hospitals and diagnostic centers along with rising emphasis on medical imaging management globally is driving the demand for vendor neutral archive solutions. VNA provides improved patient care, streamlined workflows, reduced healthcare expenditures and enhanced data accessibility which is fueling their adoption significantly.
With growing healthcare infrastructure development initiatives worldwide particularly across emerging nations, major companies operating in the vendor neutral archive market are focusing on geographical expansion strategies. Growing healthcare spending across developing regions will further provide huge opportunities for global VNA providers over the forecast period.
Market drivers
One of the key drivers for the growth of global vendor neutral archive market is increasing investments by healthcare providers and hospitals towards developing digital imaging infrastructure and interoperable medical data systems. VNA offers significant benefits like streamlined medical imaging access & management across various clinical locations, reduced data loss risks, optimized healthcare costs and improved productivity. Rising government focus on development of smart healthcare infrastructure particularly post-covid is further augmenting the demand for medical imaging management systems like vendor neutral archives.
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