The Asia Pacific Vendor Neutral Archive (VNA) & PACS Market would witness market growth of 10.2% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Vendor Neutral Archive (VNA) & PACS Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $633.3 million by 2031. The Japan market is registering a CAGR of 9.5% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 10.8% during (2024 - 2031).
Healthcare organizations increasingly adopt VNA and PACS systems as part of their broader strategy to integrate and streamline healthcare IT systems. The shift towards integrated healthcare systems, which consolidate various clinical and administrative functions, drives the adoption of VNA and PACS solutions that facilitate comprehensive data management and interoperability across different departments and facilities.
The growing volume of imaging data generated by advanced diagnostic technologies necessitates robust long-term data storage solutions. VNA systems are being adopted to address this need by providing scalable and cost-effective storage options for vast amounts of imaging data, ensuring that historical records are preserved and accessible for future reference and analysis.
As the medical device sector grows in China, there will be an increased adoption of advanced imaging technologies. This growth will drive demand for PACS systems to manage and integrate data from a wider range of sophisticated imaging devices. According to the International Trade Administration (ITA), the medical device industry in China is expected to expand at a rate of 8.3% from 2021 to 2026, reaching $48.8 billion by 2026. As the hospital sector in India grows, there will be a greater demand for diagnostic imaging services. This will drive the adoption of PACS systems to manage, store, and retrieve large volumes of imaging data efficiently across newly established and expanded hospitals. According to the National Investment Promotion and Facilitation Agency of India, the hospital industry accounts for 80% of the healthcare industry. Therefore, the rising medical device industry and expansion of the hospital sector in the region are driving the growth of the market.
Free Valuable Insights: The Global Vendor Neutral Archive (VNA) & PACS Market is Predict to reach USD 8.3 Billion by 2031, at a CAGR of 9.3%
Based on Product Type, the market is segmented into VNA (Multi-Department VNA, Department VNA, and Multi-Site VNA) and PACS (Multi-Department PACS, Department PACS, and Multi-Site PACS). Based on Vendor Type, the market is segmented into Independent Vendor and Third-party Vendor. Based on Deployment, the market is segmented into On-Premise, Cloud-Based, and Hybrid Model. Based on End User, the market is segmented into Hospitals & Clinics, Diagnostic Centers, and Others. Based on Application, the market is segmented into Cardiology, Orthopedic, Oncology, Neurology, Obstetrics & Gynecology, and Others. Based on Modality, the market is segmented into Computed Tomography, Mammography, MRI, Ultrasound, X-Rays, and PET. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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