Frost & Sullivan: U.S. Medical Imaging Informatics Industry Reconnects With Growth In The Enterprise Image Archiving Market
MOUNTAIN VIEW, Calif., Nov. 1, 2012 /PRNewswire/ -- Notwithstanding the recent flattening of growth in medical imaging procedure volumes in the U.S., the growth in image data volumes continues to accelerate. Increasing average study volumes, evolving regulatory guidelines, a growing imaging patient population, and continuing reliance on imaging by the clinical enterprise all contribute to mounting image data volume requirements. In fact, the volume needs for the incremental and cumulative storage and archiving of primary and secondary image copies are creating no less than a "Big Data" explosion in imaging.
New analysis from Frost & Sullivan's ( http://www.medicalimaging.frost.com) U.S. Enterprise Medical Image Archiving Market research finds that the vendor-neutral archive (VNA) market earned revenues of $110.5 million in 2011 and estimates this to reach $210.0 million in 2018. The VNA market consists of third-party vendors that provide PACS-neutral archives. Furthermore, Frost & Sullivan projects that the enterprise picture archiving and communication system (PACS) archive market, comprised primarily of incumbent PACS vendors, earned revenues of $77.4 million in 2011, which will grow to $168.2 million in 2018. The current traction in various customer segments of the market and proactive investment by industry participants suggest that revenues will sustain double digit growth rates in both of these markets during the next seven years.
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Paralleling these data volume increases is the complexity of management (including, but not limited to, radiology) as well as the heightening diversity of image data sources across the enterprise, including image using and image producing clinical stakeholders. This evolution of the medical imaging data landscape has placed enterprise medical image archives at the center stage of the much needed transformation of the traditional imaging informatics ecosystem.
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