Enterprise Imaging Solutions Market Size

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.