"Providers no longer view the continuance of expanding monolithic and disparate image archives for each imaging department as a sustainable approach, as storage volume requirements for the diversifying imaging enterprise continue to increase exponentially," said Frost & Sullivan Principal Analyst Nadim Daher. "Our forecast model projects that even if diagnostic imaging volumes continue to plateau around the 600 million procedures per year mark, overall storage and archiving volume requirements for U.S. medical imaging data will cross the 1 exabyte mark by 2016. That is 1,000 petabytes or 1,000,000 terabytes, which marks medical imaging's definitive entry into Big Data territory."In sharp contrast with the unfavorable growth landscape that continues to prevail in the radiology information system (RIS) and PACS market space, enterprise medical image archiving constitutes a comparatively small, yet dynamic growth area for medical imaging informatics vendors. Providers are primarily taking one of two approaches to implement such an enterprise-oriented storage and archiving strategy: utilizing PACS-neutral archives from VNAs or relying on enterprise PACS archives, mainly provided by entrenched PACS vendors. In both cases, the new technology paradigm that these technologies allow consists of a centralized archiving infrastructure on the back end, combined with distributed viewing via enterprise viewers on the front end.
Frost & Sullivan: U.S. Medical Imaging Informatics Industry Reconnects With Growth In The Enterprise Image Archiving Market
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.