Frost & Sullivan: U.S. Medical Imaging Informatics Industry Reconnects with Growth in the Enterprise Image Archiving Market

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Frost & Sullivan: U.S. Medical Imaging Informatics Industry Reconnects with Growth in the Enterprise Image Archiving Market

PR Newswire MOUNTAIN VIEW, California, Nov. 1, 2012

- Vendor-neutral and enterprise PACS archives create solid growth prospects for the imaging IT industry in the next seven years

MOUNTAIN VIEW, California,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 Marketresearch finds that the vendor-neutral archive (VNA) market earned revenues of$110.5 millionin 2011 and estimates this to reach$210.0 millionin 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 millionin 2011, which will grow to$168.2 millionin 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 m uch needed transformation of the traditional imaging informatics ecosystem.

"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 requirem ents 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.

"Although they have been around for about 10 years, VNAs have been expanding only gradually into the marketplace – mostly following top-down expansion. However, market adoption is accelerating with the m ajor PACS vendors moving more decisively and proactively into enterprise archives," concluded Daher. "In the wake of ongoing IT consolidation of distributed hospital organizations, enterprise medical image archives are making their way into the marketplace, creating a sizeable growth segment for imaging informatics."

Transitioning to a new PACS vendor or platform has often forced imaging providers to undertake a complex and expensive data migration effort, caused by the use of proprietary mechanisms in most of the legacy PAC S systems. In this context, IT departments have considerably increased their influence over decision making for imaging IT. While radiology remains the major contributor to any enterprise imaging IT strategy, most recent deployments now have a broader scope than Digital Imaging and Communications in Medicine (DICOM) images from radiology alone.

U.S. Enterprise Medical Image Archiving Marketis part of theAdvanced Medical Technologiesas well as the Connected HealthGrowth Partnership Services programs, which include research in the following markets: medical imaging modalities and services, contrast and radiopharma, surgical and orthopedic solutions, video telemedicine, remote patient monitoring, healthcare IT, and mHealth. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market