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Europe VNA and PACS Market Growth and Outlook 2021

The Europe VNA & PACS market has been estimated at USD 0.67 billion in 2016 and is projected to reach USD 0.88 billion by 2021, at a CAGR of 5.63%
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Vendor Neutral Archiving is a technology that amasses images in a standard format with a standard interface, which can be retrieved through several PACS. Technology in this area has grown manifold. Vendor neutral archive (VNA) and picture archiving and communication system (PACS) are regarded as two important markets in the medical image management industry. VNAs offer timely access to patient data and also deliver quick access to expert help for patients.

The growth of the Europe VNA & PACS market is primarily due to the technological advances, an increasing demand for standard based storage, and an increasing preference towards Consolidation of patient data. Complex regulatory bodies in the European Union are hindering the growth of this regional market.

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The Europe 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 europe 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.

The Europe market, which is the second largest market for VNA & PACS has been geographically segmented into Germany, U.K, France, Spain, and Italy. In terms of prospective growth potential, the market in U.K is expected to witness the fastest growth. Other emerging markets in the region are Sweden, Norway, Netherlands, Denmark, and Greece.

The major companies dominating this market for its products and services in this region are Acuo Technologies (U.S.), which leads the global VNA market, followed by Agfa HealthCare (Belgium), Carestream Health (U.S.), Dell, Inc. (U.S.), BridgeHead Software (U.K.), Fujifilm Corporation (Japan), Merge Health (U.S.), GE Healthcare (U.K.), Philips Healthcare (The Netherlands), Siemens Healthcare (Germany), McKesson Corporation (U.S.), and TeraMedica (U.S.).

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