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Vendor Neutral Archive (VNA) Market to be Worth USD 1.3 billion by 2034, Growing a CAGR 12.6% – Exclusive Report by Transparency Market Research, Inc.

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The improvement of patient care and compliance is expected to drive demand for a vendor-neutral archive market. A growing concern over data security and data management is expected to drive demand for a vendor-neutral archive market.

WILMINGTON, Del., July 11, 2024 /PRNewswire/ — The vendor-neutral archive market was valued at 350.2 million in 2023. A CAGR of 12.6% is projected from 2023 to 2034 and surpass US$ 1.3 billion by the end of 2034. With VNAs, healthcare IT infrastructure and third-party applications can be seamlessly integrated with open requirements and enterprise-class practices. The vendor-agnostic approach allows interoperability between companies and reduces reliance on specific technologies.

With VNAs, clinical imaging information can be stored, handled, and archived from diverse sources, eliminating fragmented storage silos. By streamlining data control and making information accessible across healthcare organizations, this consolidation promotes interoperability. Integrated with Electronic Health Records (EHRs), VNAs allow doctors to access clinical photos on a patient’s record without delay. By integrating seamlessly, scientists can improve their workflows and create improved percentages for affected persons’ records.

By normalizing DICOM tags, VNAs can make images compatible throughout PACS structures, removing data silos created by way of different PACS structures. Through standardization, disparate systems can communicate with each other. VNAs act as centralized repositories for photos and associated information within medical institutions, connecting PACS with other systems such as EHR and RIS. Having access to this centralized database will improve scientific workflows.

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Wrapping Paper Market Report Scope:

Report Coverage

Details 

Forecast Period  

2024-2034

Base Year  

2020-2022

Size in 2023

US$ 350.2 Mn

Forecast (Value) in 2034

US$ 1.3 Bn

Growth Rate (CAGR) 

12.6 %

No. of Pages 

134 Pages 

Segments covered 

By Product Type, By Deployment Mode, By Application, By End-user

Key Findings of the Market Report:

Based on end-users, hospitals & clinics represent the largest share of the market at present.By product type, enterprise VNAs accounted for the majority of shares in 2023.A major share of the market is expected to come from North America during the forecast period.Based on deployment mode, cloud VNAs are expected to lead the vendor neutral archive market.VNA’s demand for cardiology applications is expected to increase as the number of young cardiology patients increases.

Global Vendor Neutral Archive (VNA) Market: Growth Drivers:

A VNA enables seamless communication and information sharing among a variety of healthcare IT systems, such as PACS, RIS, and EHR, enhancing the collaboration between many departments and providers. Multi-format VNAs help healthcare organizations integrate imaging systems and formats from different vendors into a single repository, reducing vendor lock-in and increasing selling flexibility.Modern VNAs use contemporary protocols and formats to store, control, and share photographs and metadata, making them easier to access throughout the organization. As the amount of imaging information increases, VNAs provide a scalable garage solution that can be upgraded to meet an organization’s evolving needs.To protect sensitive patient information and ensure compliance with healthcare rules, including HIPAA, VNAs include strong protection capabilities. For long-term archiving of clinical images, VNAs provide a reliable storage solution, ensuring information remains accessible for future use.VNAs can help streamline medical workflows, reduce duplicate imaging, create better patient care, and streamline medical workflows by consolidating medical images and associated details. Through the use of VNAs, operational expenses can be reduced by eliminating the need for several, separate storage systems and by making scientific photo control eco-friendlier.

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Global Vendor Neutral Archive (VNA) Market: Regional Landscape

The need for vendor-neutral archives (VNA) has been steadily growing in North America, driven by interoperability, green control of information, and better patient care.With advances in clinical imaging and electronic health records (EHR), healthcare organizations need to integrate and manage data seamlessly across multiple systems. Clinical images and patient records are stored and handled centrally, enabling smoother workflows and easier access to greener data through VNAs.With the help of modern diagnostic technologies, a huge amount of medical imaging data is generated, requiring robust and scalable storage solutions. Using VNAs, healthcare companies can efficiently keep and retrieve huge volumes of images, without being locked into a single vendor’s ecosystem.Through their steady storage and complete data management capabilities, VNAs are ready to meet the strict records protection and privacy standards mandated by HIPAA and regulations.

Global Vendor Neutral Archive (VNA) Market: Competitive Landscape

Vendor neutral archives (VNAs) market leaders are adopting strategies such as product development and partnerships with other companies. Vendor-neutral archives (VNAs) are introducing new products to help manage and access unstructured healthcare data and medical imaging.

Key Players Profiled

Agfa HealthCareAmbra HealthCarestream HealthCernerFujifilm CorporationGE HealthcareSectraSiemens HealthineersKoninklijke Philips N.V.Other Prominent Players

Key Developments

In February 2024, FUJIFILM Healthcare Americas Corporation, a global leader in diagnostics and enterprise imaging, disclosed that its Synapse VNA and Synapse Radiology PACS received the Best in KLAS Award in the Software and Services category. In KLAS Research’s Best in KLAS initiative, companies that assist healthcare professionals in improving patient care are recognized for their industry insights.In October 2022, GE Healthcare and Tribun Health announced a collaboration to provide healthcare providers with digital pathology departmental solutions. Tribun’s Health Suite data will be plugged into GE Healthcare’s vendor-neutral archive (VNA), Edison Datalogue, to provide a data management solution.

Global Vendor Neutral Archive (VNA) Market: Segmentation

Product Type

Single-department VNAMulti-department VNAMulti-specialty VNAEnterprise VNA

Deployment Mode

On-premise VNACloud VNA

Application

RadiologyCardiologyOrthopedicsPathologyOthers

End User

Hospitals & ClinicsDiagnostic Imaging CentersOthers

Region

North AmericaEuropeAsia PacificRest of World

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Neusoft Remains No.1 in China’s Healthcare Security Information System Market Share

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SHENYANG, China, July 18, 2024 /PRNewswire/ — In a recent report by IDC titled China Healthcare Security Administrating System Market Shares, 2023: Deepening Application, Neusoft Corporation (Neusoft, SSE: 600718) once again ranks first in China’s healthcare security information system market share, reflecting its ongoing leadership in this field.

Healthcare security informatization was the starting point of Neusoft’s Big Health business strategic layout. Having been deeply engaged in the field for three decades, Neusoft witnessed the development process of China’s healthcare security system, and has been empowering the establishment of the multi-tier and wide-coverage system with its innovative technologies, products, solutions and services. With rich experience and successful practice in healthcare security informatization, Neusoft has won widespread recognition and good reputation in the market. Meanwhile, Neusoft is actively developing systems for deepening application in the areas of data governance and public services, and integrating AI technology into healthcare security informatization, to lead the industry towards continuous innovation and advancement.

Currently, Neusoft provides robust support in building China’s unified national healthcare security information platform, as well as the healthcare security platforms in over 200 cities across 25 provinces. Neusoft is enhancing its R&D investment in AI technology, continuously exploring the innovative application scenarios and practices of healthcare security big data. Besides, Neusoft has recently introduced an integrated solution tailored for China’s compact county-level medical community, facilitating total payment for healthcare security, to empower the development of county-level medical communities.

Looking ahead, Neusoft will strengthen its digital and intelligent business layout and continue to engage deeply in building intelligent healthcare security information system, enhancing the accessibility and convenience of healthcare security services, to promote the digital and intelligent development of the industry.

For more information about Neusoft, please visit www.neusoft.com

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SOURCE Neusoft Corporation

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Motherhood Care+ Secures Seed Funding from Care Ventures Group to Revolutionise Maternity Care Industry

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KUALA LUMPUR, Malaysia, July 19, 2024 /PRNewswire/ — Motherhood Care+, an innovative health & wellness tech startup based in Malaysia, announced today the successful completion of a seed funding round in December 2023, led by Care Ventures Group, a fund specialising in healthcare, wellness, medical, and AI technologies.

Motherhood Care+: The Future of Maternity

Motherhood Care+ aims to elevate maternity care standards by integrating a comprehensive array of products and services from confinement centres, confinement nannies, and confinement wellness providers. Recognising the critical importance of prenatal and postnatal health & wellness for new mothers, the startup supports women throughout their 9-month pregnancy journey and the crucial first 100 days post-birth.

Motherhood Care+ is a female-led and female-founded company, established in May 2023 by Tan Yew Aik and Goh Shze Yinn. Ms. Tan brings over a decade of experience in the postpartum care and maternity industry and is a co-founder and committee member of the Malaysian Postpartum Care Association. Ms. Goh, with a diverse background in finance and technology, also serves as a board member of Nuren Group Limited, an Australian-listed parenting tech company. Their combined expertise and leadership are pivotal in driving the vision and success of Motherhood Care+.

Funding and Future Plans

“We are thrilled to partner with Care Ventures Group, whose investment underscores our mission to transform the maternity care and wellness landscape,” said SY Goh, Co-founder of Motherhood Care+. “With this funding, we plan to expand our platform and enhance our technology to streamline operations and optimise user experience. In the next six months, we aim to feature at least 750 confinement centre rooms and 1,300 confinement nannies in the Care+ Members App, enabling us to better serve mothers across Malaysia and Singapore.”

Care Ventures Group’s investment comes as Motherhood Care+ achieves operational profitability within less than a year of its inception in March 2024. The startup is set to launch its flagship technology platform, the Care+ Members App, in August 2024. The app aims to cater to 200 new mothers monthly by providing access to a curated selection of maternity care services.

Investor’s Perspective

“We are impressed with the traction and metrics that Motherhood Care+ has achieved in such a short period,” said Dato Eng, Partner at Care Ventures Group. “Both Tan and Goh are domain experts, combining extensive knowledge of the maternity industry with operational excellence in technology adoption and financial controls. I am excited to be part of this promising journey.”

Utilisation of Funds

The seed funding will support Motherhood Care+’s strategic initiatives, including merchant acquisitions, process optimisation, and technology advancement. Over the next six months, the startup aims to onboard over 750 confinement centre rooms and 1,300 confinement nannies onto the Care+ Members App, enhancing accessibility to quality maternity care services across Malaysia and Singapore.

Learn More

To sign up and learn more about the Care+ Members App, visit https://app.motherhood.care/home.

About Motherhood Care+

Motherhood Care+ is a forward-thinking health & wellness tech startup dedicated to revolutionising maternity care. Established in May 2023 and based in Kuala Lumpur, Malaysia, Motherhood Care+ aggregates products and services from confinement centres, confinement nannies, and confinement wellness providers to support new mothers throughout their pregnancy and postnatal journeys. Led by co-founders Tan Yew Aik and Goh Shze Yinn, the company combines extensive industry expertise with innovative technology to enhance maternal health outcomes. Motherhood Care+ aims to elevate maternity care standards by integrating comprehensive solutions that prioritise the health and wellbeing of mothers and their newborns.

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SOURCE Nuren Group

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Introducing the World’s First Consent-Based Data-Sharing Framework Built on Open Standards: The Affinidi Iota Framework

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Affinidi Iota Framework disrupts how businesses gain insights about customers. The framework shifts the processing of queries to a personal data vault, providing transparency regarding what is disclosed through explicit consent. This grants individuals full control over how they are discovered and how they share information with others.Affinidi Iota framework democratises developers’ access to data through modern and privacy-preserving open standards, including W3C Verifiable Credentials, DIF Decentralised Identifiers, OID4VP, OID4VCI, and Presentation Exchange format (PEX).

BERLIN, SINGAPORE, BANGALORE, India, July 19, 2024 /PRNewswire/ — Affinidi, a Singapore-based data and identity management company, launched the Affinidi Iota Framework built on open standards at the WeAreDevelopers World Congress. This innovative framework establishes a new way for individuals to share data by prioritising explicit consent, empowering individuals to selectively share specific data points with a clear understanding of their intended use.

In the traditional digital landscape, individuals often share sensitive data with third parties without transparency or control, leaving their data vulnerable to misuse, unauthorised access, and data breaches. A Twilio report shows that 60% of Asia Pacific consumers demand consent and communication on data use, while a PwC study reveals a trust gap, with only 30% of consumers trusting businesses. Existing solutions exacerbate these issues by collecting vast amounts of individuals’ data (essential/non-essential) and transferring it to back-end databases, burdening developers with managing large volumes of data and associated risks.

Affinidi’s Iota Framework disrupts this outdated model, pioneering a new era of data privacy and security. The Affinidi Iota Framework enables developers to request essential data points directly from individuals, with explicit consent, eliminating the need to collect and store non-essential information. This approach ensures individuals maintain control over their data, reducing storage burdens, and minimising risks associated with data collection and potential misuse. Affinidi equips developers with dev-friendly templates and robust tools, streamlining the setup of data-sharing processes. With our easy-to-use SDK, developers can navigate the complexities of identity, privacy, and security, building innovative solutions in just minutes.

The Affinidi Iota Framework revolutionises data exchange between businesses and individuals by adhering to strict consent-first principles, providing businesses with richer, more accurate data that enhances personalisation, and fosters market innovation and competitiveness. Roopesh Shah, Co-Founder and CTO of Gro Club, India’s first and largest bicycle subscription model that recently adopted Affinidi’s solution for seamless integration, shared, “We began with Affinidi Login to simplify access to individual data through a one-click onboarding process. But with the introduction of the Affinidi Iota Framework, we are thrilled to advance beyond efficient customer onboarding, laying the groundwork for a future where every interaction is precisely tailored to individual preferences based on accurate and consented data.”

Built on Open Standards

The Affinidi Iota Framework leverages cutting-edge technologies such as the DIF Presentation Exchange (PEX) protocol and the OpenID for Verifiable Presentations (OID4VP) specifications built on OAuth 2.0 to deliver a robust consent-first solution for a new way of data sharing.

At the heart of the Affinidi Iota Framework is the DIF Presentation Exchange (PEX) specification. PEX, based on JSONPATH, serves as a standard query language for data exchange, enabling powerful filtering capabilities that accommodate simple and complex use cases. By defining data requests with a structured syntax, PEX simplifies data sharing, making specific data requests more seamless and efficient. Using standardised schemas ensures that queries are portable, allowing multiple developers and businesses to utilise them without reinventing the wheel. This streamlines the data exchange process and enhances interoperability across different systems.Building on the robust OAuth 2.0 authorisation framework, the OID4VP protocol provides a secure transport mechanism for Verifiable Presentations. Simply put, Verifiable Presentations extract specific information from Verifiable Credentials, like signed digital containers holding personal data (such as an ID or diploma). These presentations, shared as VP Tokens, ensure data authenticity and provenance. This groundbreaking feature enhances data safety, reducing risks of data breaches and fraud by sharing only necessary, verified information. It establishes transitive trust efficiently, maintaining high security and privacy standards within the Affinidi Iota Framework.The Affinidi Trust Development Kit (TDK), our SDK, is an open-source toolkit that enables developers to build privacy-preserving applications efficiently, aligning with complex and evolving standards. This streamlined solution integrates multiple elements to provide privacy functionalities without requiring workflow overhauls. By bridging Web 2 and Web 3 technologies, the framework leverages decentralised data stored in the Affinidi Vault for just-in-time data acquisition. It offers a range of modules, including clients for identity management, verifiable credential handling, and login configurations, ensuring flexibility and choice for developers. Supporting various programming languages such as TypeScript and Python facilitates seamless integration of Affinidi’s trust services into applications.

How it Works

The Affinidi Vault is a secure personal data store where individuals can securely store their information. Developers need to create an Affinidi Iota Framework configuration to set up the basics required to query the data from the Affinidi Vault. After creating a configuration, developers can integrate the Affinidi Iota Framework into their application with the Affinidi TDK. This setup ensures that data is shared only with the explicit consent of the vault owner, empowering individuals with choice and control over the information they share while enhancing data privacy and security. This also simplifies real-time data acquisition, reduces complexity, and enhances trust and transparency.

Revolutionising Data Exchange and Ownership

Affinidi is leading a global movement to return data ownership to individuals through its Holistic Identity concept, addressing the fragmentation of digital identities across platforms. The release of the Affinidi Iota Framework marks another significant step towards achieving this vision.

“In a new world where individuals can control their identity and data, we must redefine how information is shared. The Affinidi Iota Framework represents a major step forward in safeguarding privacy and consent by shifting information processing to the individual’s personal data vault. Gone are the days of trusting third parties with sensitive documents like pay slips and bank statements just to open a bank account,” said Glenn Gore, Chief Executive Officer of Affinidi.

The beta version of the Affinidi Iota framework can be accessed through the Affinidi Portal. Learn more about the Affinidi Iota Framework here.

About Affinidi

Affinidi is a data and identity management company founded by Temasek in 2020 that aims to revolutionise data ownership for good through its Holistic Identity concept. Globally anchored in Singapore and supported by strategic hubs in Berlin, Ukraine, and Bangalore, Affinidi seeks to empower individuals, and enrich developers and businesses through its consent-driven and privacy-preserving solutions, rooted in trust and security.

The Holistic Identity concept encompasses the complete spectrum of discovering, collecting, sharing, storing, and even monetising one’s data in the digital world. Affinidi adopts an unwavering user-first approach, providing innovative developer tools with a ‘privacy-by-design’ philosophy within every layer of their tech stack. It emphasises and executes an end-to-end network trust known as the Affinidi Trust Network, underpinning a data environment that is secure and inherently interoperable. This commitment to decentralised identity management transcends borders and industries.

Affinidi is actively pioneering the #ReclaimYourData movement through advocacy, partnerships, and education. Find out more here: https://www.affinidi.com.

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