Enterprise Imaging Solutions Market Size By Deployment Mode (Cloud, On-Premise), By Solution Type (Vendor Neutral Archive (VNA), Picture Archiving and Communication System (PACS), Image Exchange, Universal Viewer), By End-use (Hospitals, Diagnostic Imaging Centres), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027

Enterprise Imaging Solutions Market Size

Enterprise Imaging Solutions Market size was valued at around USD 1.1 billion in 2020 and is estimated to grow at a CAGR of 12.1% between 2021 and 2027. Increasing adoption of vendor neutral archives (VNAs) owing to improved compatibility with older systems and longer lifecycle management along with rising demand for standard-based medical image management are some of the factors augmenting the market growth. Enterprise imaging solutions allows the clinician to have better productivity and patient care coordination due to easy access and sharing of electronic health records (EHR). These attributes enables the staff to manage their workflow and get a clear understanding of patient's medical records, which in turn contributes to better patient care services by the healthcare providers.
 

The increasing acceptance of value-based care pay model, especially in developed countries will further boost the implementation of enterprise imaging solutions in the coming years. Growing digitisation in healthcare sector is also contributing to the market expansion and is projected to show similar trend in the coming period led by high deployment of enterprise imaging solutions.
 

The ongoing COVID-19 pandemic has affected the healthcare sector in an unprecedented manner. Due to travel restrictions, patients had to cancel their scheduled appointments with radiologists and in some countries elective imaging services were postponed/cancelled, thus resulting in decline in imaging volume of hospitals. During the pandemic, various hospitals deployed home picture archiving and communication system (PACS) for their faculty members. This encouraged the members to work on the Home PACS system as per their convenience which helped hospitals to continue imaging services during the crisis, thereby fuelling the market revenue.
 

The COVID-19 pandemic further highlighted the need for deploying enterprise imaging solutions as there was a consistent requirement of a collaborative platform that enables task automation, real-time remote reporting and others. Thus, considering all these benefits, various healthcare providers started opting for enterprise imaging solutions in order to provide better patient care services.
 

Increasing government initiatives coupled with improved EHR integration will propel the enterprise imaging solutions market demand

Governments around the world are coming up with supportive policies that will promote healthcare IT acceptance in several countries which in turn will drive the industry growth. One of the parameters highlighting this trend is the consistent rise in adoption of connected healthcare solutions such as VNA, EHR, and PACS, among others. The required regulatory push for growing usage of advanced enterprise imaging solutions was provided by the Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009. The HITECH Act motivated the healthcare providers to adopt electronic health records (EHR) to have improved privacy and security measures for the healthcare data. This was achieved by offering financial incentives for acceptance of EHRs and imposing penalties for violations of the HIPAA security and privacy rules. Therefore, these advantages related to enterprise imaging solutions will spur the market value.
 

Adoption of Electronic Health Records (EHR) and Electronic Medical Records (EMR) has recorded notable growth since last decade across healthcare facilities around the world. Imaging information which accounts for significant portion of a patient's medical data finds trouble in integrating with EHR systems. However, PACS solutions allows an easy, and unified platform for transferring imaging data to EHR systems. This will provide clinicians a complete and detailed understanding of patient's medical history along with the imaging information.
 

Enterprise Imaging Solutions Market Analysis

The on-premise segment held 34% of the enterprise imaging solutions market share in 2020 impelled by the increased level of data security offered by on-premise enterprise imaging solutions. Some healthcare providers prefer on-premise solutions as they do not want to risk transferring their sensitive data on cloud platform. Healthcare providers using on-premise enterprise imaging solutions can have customization as per their requirement, which in turn will influence the demand and adoption of enterprise imaging solutions.
 

The PACS segment exceeded USD 580 million in 2020 on account of several benefits provided such as significant reduction in physical and time-barriers related to traditional film-based image retrieval, display and distribution. PACS are widely used by the healthcare providers as it stores the image in digital form, thereby eliminating the need for maintaining hard copies of images. All the above advantages are expected to enhance the usage of PACS systems, especially in developing countries considering its affordability.
 

The diagnostic imaging centers segment in the enterprise imaging solutions market is predicted to showcase 12.6% growth rate till 2027. Factors such as increasing use of diagnostic imaging, rise in number of imaging volumes of patients, and availability of advanced technology in diagnostic centers are fuelling the market expansion. Owing to increasing health awareness among consumers, the acceptance of diagnostic imaging has witnessed substantial surge in recent times resulting in augmenting the market demand. Additionally, favourable reimbursement policies are anticipated to further boost the demand and usage of enterprise imaging solutions.
 

U.S. dominated the North America enterprise imaging solutions market in 2020 and accounted for over USD 386 million in 2020 driven by the growing medical imaging volumes coupled with rising geriatric population. In the past couple of years, there has been a notable rise in number of diagnostic imaging centers offering imaging services across the country. For example, in total there are more than 10,500 diagnostic imaging centers in the U.S. catering to consumers. Presence of several large hospitals and well-established healthcare facilities along with high healthcare spending and supportive government initiatives are some of the major factors spurring the market revenue. Moreover, the U.S. is home to several PACS manufacturing companies operating globally, which is further poised to drive the industry value during the forecast timeframe.
 

Brazil enterprise imaging solutions market crossed USD 31 million in 2020. Various healthcare providers in Brazil and Latin America region are focusing on enhancing their patient care quality by incorporating advanced technologies available in the sector. For example, Santa Casa, among the oldest and most modern hospital chain in Brazil, selected Carestream's Clinical Collaboration Platform to replace its traditional diagnostic workflow technology. The hospital has intensive requirements for its large-scale data migration and image management as it conducts nearly 6.5 million procedures and more than 400,000 imaging studies per year. Hence, several such diagnostic developments encourage other healthcare facilities to implement similar strategies, thereby resulting in the industry demand.
 

Enterprise Imaging Solutions Market Share

Some of the major companies operational in the market are:

• IBM Corporation
• GE Healthcare
• Siemens Healthcare
• FUJIFILM Medical Systems U.S.A., Inc
• Agfa-Gevaert

The industry participants are engaged in several strategic developments including product launches, providing updates to existing products, partnerships, and mergers and acquisitions in order to remain competitive and strengthen their market position.
 

Enterprise imaging solutions market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

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Market, By Deployment Mode, 2016 - 2027 (USD Million)

• Cloud
• On-Premise

Market, By Solution Type, 2016-2027 (USD Million)

• Vendor Neutral Archive (VNA)
• Picture Archiving and Communication System (PACS)
• Image Exchange
• Universal Viewer

Market, By End-use, 2016-2027 (USD Million)

• Hospitals
• Diagnostic Imaging Centers
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • Japan
  • China
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • UAE