India VNA & PACS Market to Reach $341.6 Million by 2031

 

Meticulous Research®—a leading global market research company, published a research report titled ‘India VNA & PACS Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’.  According to this latest publication from Meticulous Research®, the India VNA & PACS market is expected to reach $341.6 million by 2031, at a CAGR of 9.9% from 2024 to 2031.

This market’s growth is attributed to technological advancements in diagnostic imaging modalities, increasing awareness and demand for quality healthcare, increasing adoption of medical imaging equipment, increasing need for a filmless environment, growing health IT and EHR adoption, and rising geriatric population.

In addition, the penetration of artificial intelligence (AI) in medical imaging and the rapidly growing telehealth market are considerable potential opportunities for market players. The market faces substantial challenges, including a lack of adequate infrastructure and high out-of-pocket expenditures in insurance coverage exclusion. However, the increasing adoption of cloud-based solutions and focus on the development of diagnostic imaging centers is a prominent trend in the India VNA & PACS market.

Key Players:

The India VNA & PACS market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the India VNA & PACS market are GE HealthCare Technologies Inc. (U.S.), Siemens Healthineers AG (Germany), Fujifilm Holdings Corporation (Japan), Agfa-Gevaert NV (Belgium), Carestream Health, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), Amrita Technologies (India), SoftTeam Solutions Pvt Ltd. (India), Medsynaptic Pvt. Ltd. (India), INFINITT Healthcare Co., Ltd. (South Korea), and Merative L.P. (U.S.).

The PACS market is segmented based on Procurement Model and Delivery Mode. The VNA market is segmented by Procurement Model and Delivery Mode. The VNA and PACS market combined is segmented by Type, Imaging Modality, Vendor Type, and End User. The study also evaluates industry competitors and analyzes the regional and country-level markets.

By type, the Picture Archive Communication Systems (PACS) segment is anticipated to hold the dominant position, with over 79.2% of the market share in 2024. This segment’s large market share is primarily driven by the longstanding use of PACS in cardiology, radiology, and other fields to replace film-based methods for image transport, retrieval, and presentation.

By procurement model, the departmental PACS segment is anticipated to hold the dominant position, with a large share of the market in 2024. This segment's large market share is attributed to the increasing use of imaging data across various departments, including radiology, cardiology, ophthalmology, oncology, endoscopy, dermatology, pathology, neurology, and dentistry. The rising adoption of imaging modalities also significantly contributes to the expansion of this segment.

By delivery mode, the on-premise segment is anticipated to hold the dominant position, with a large share of the market in 2024. An on-premise PACS includes a server installed locally within a facility, with software running on both the server and the facility's computers. Images generated can be accessed over the local area network (LAN) and securely via external connections. The benefits of on-premise PACS, such as faster data access and greater control over data security, significantly contribute to this segment's large market share.

By procurement model, the Enterprise VNA segment is anticipated to hold the dominant position, with a large share of the market in 2024. This segment's large market share can be attributed to the numerous benefits provided by enterprise VNA, including improved data exchange and interoperability, enhanced technology management, integration with EMRs, reduced storage and migration costs, and overall better technology management.

By delivery mode, the on-premise VNA segment is anticipated to hold the dominant position, with a large share of the market in 2024. This segment's large market share can be attributed to its advantages, including enhanced security, greater control over images, and lower latency compared to cloud storage.

By imaging modalities, the Computed Tomography (CT) segment is anticipated to hold the dominant position, with a large share of the market in 2024. VNA and PACS platforms enable the integration of various imaging modalities, including CT, into a unified system. This streamlined interface allows healthcare facilities to expedite imaging procedures, enhance collaboration, and improve access to CT scans for clinicians and radiologists. Additionally, these platforms provide high data security and contribute to improved patient care.

By vendor types, the independent software vendors segment is anticipated to hold the dominant position, with a large share of the market in 2024. As the adoption of electronic health records (EHR) and digital imaging continues to grow, there is an increasing demand for advanced software solutions capable of efficiently storing, managing, and retrieving medical images. Independent software vendors are responding to this demand by developing comprehensive and innovative VNA and PACS software solutions. Additionally, the rising need for VNA and PACS solutions in healthcare organizations further contributes to the large market share of this segment.

By end users, the hospitals segment is anticipated to hold the dominant position, with a large share of the market in 2024.  This segment's large share can be attributed to the increasing number of hospital admissions, the rising establishment of hospitals in developing countries, and the adoption of VNAs within these facilities. Additionally, the growing demand for enterprise-wide image data management in hospitals further supports its growth.

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Key Questions Answered in the Report-

  • What is the value of revenue generated by the sale of VNA & PACS in India market?
  • At what rate is the demand for VNA & PACS projected to grow for the next five to seven years in India?
  • What is the historical market size and growth rate for the India VNA & PACS market?
  • What are the major factors impacting the growth of the VNA & PACS market in India?
  • What are the major opportunities for existing players and new entrants in the market?
  • Which procurement model, delivery mode, imaging modality, vendor type, end user, and segments create major traction for the manufacturers in this market?
  • What are the key geographical trends in this market? Which countries are expected to offer significant growth opportunities for the manufacturers operating in the India VNA & PACS market?
  • Who are the major players in the India VNA & PACS market? What are their specific product offerings in this market?
  • What recent developments have taken place in the India VNA & PACS market? What impact have these strategic developments created on the market?

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Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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