Major factor driving growth of the global vendor neutral archive market is that VNA reduces data storage cost and other various advantages such as effective control of image data, improved clinical and data workflow, easier integration of new imaging application. In addition, increasing government initiatives in developed and developing countries for development of healthcare sector is another factor expected to support growth of the global vendor neutral archive market.
However, threat of data breach and long VNA lifecycle are factors expected to challenge growth of the global vendor neutral archive market.
Global vendor neutral archive market is segmented into delivery type, procurement model, and region.
On the basis of delivery type, the global vendor neutral archive market is segmented into On-Premise VNA, Hybrid VNA, And Fully Cloud-Hosted VNA. The On-premise segment is expected to account for highest share in the global vendor neutral archive market in terms of revenue. The hybrid VNA segment is projected to register highest CAGR over the forecast period.
On the basis of region, the global vendor neutral archive market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Market in North America is expected to account for major revenue share in the global vendor neutral archive market. This can be attributed to increasing government initiatives for development of healthcare sector and presence of prominent market players operating in this region. Asia Pacific market is estimated to register highest CAGR in terms of revenue owing to rising healthcare standards in emerging countries in this region.
Key players operating in the global vendor neutral archive market include Siemens Healthcare GmbH, Philips Healthcare Informatics, Inc., Merge Healthcare Incorporated, McKesson Corporation, GE Healthcare Limited, Fujifilm Corporation, Dell Inc., Carestream Health Inc., and BridgeHead Software Inc.