Europe Medical Imaging (3D and 4D) Software Market – Industry Trends and Forecast to 2029

Market Definition Analysis and Insights

The medical imaging (3D and 4D) software market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.1% in the forecast period of 2022 to 2029. The increase in healthcare expenditure and funding are the major drivers which drive the demand of the market in the forecast period.

Medical imaging software is used for viewing, training, storing, and sharing medical data and amplifying the efficiency of the chosen medical treatment. Medical imaging software includes two types of imaging 2D Imaging and 3D Imaging. This software allows medical professionals to track, archive, manipulate, and manage patient images and administrative workflow. At the same time, hospitals, healthcare professionals, and diagnostics centers use the radiology software to maintain the patient data in electronic form. This software provides easy access to the patient data; helps to maintain the complete patient data, including admission, discharge, reports, appointments, and others. Radiology software increases the accuracy and reduces the error which takes place due to manual errors. Radiology systems segment diagnostics tests such as ultrasound, X-ray, MRI, CT scan, and others. These radiology diagnostics tests will help diagnose multiple chronic diseases as easily as possible and allows healthcare professionals to provide better treatment.

Furthermore, technological advancements in medical image analysis software, coupled with rising applications of computer-aided diagnosis, are other factors propelling the medical image analysis software market growth. Moreover, increasing public and private sector investments in medical image analysis software are expected to promote the development of the target market over the forecast period.

Medical Imaging (3D & 4D) Software Market Dynamics

Drivers

• Technological advancement leading to new product launch

Over the years, the advancement in the technology of healthcare medical imaging has proved to potentially help in operating various patients requiring customized implants in cases of chronic orthopaedic diseases and dental anomalies, among others. Technological advancement like CAD/CAM leads to modification in less expensive and time-consuming procedures than the earlier procedures. The development of innovative software utilizing different technologies such as 3D imaging, 4D imaging proves to be advantageous for healthcare industries. Earlier the traditional devices and methodology lead to the lengthening of procedures leading to further complications.

Key manufacturers are innovating and launching their products in the market, leading to increased revenue generation, boosting the market growth.

• Increase in public-private funding

A major increase in public-private investment to support various projects in the 3D imaging software industry has occurred in recent years. Such research and funding efforts are expected to accelerate products and innovations, propelling the growth of healthcare medical imaging (3D and 4D) software market.

Various organizations have taken initiatives to strengthen the medical imaging market, leading to increased adoption of technology in the healthcare domain across the globe.

Restraint/Opportunity

• Cloud-based image analysis software

The cloud-based model has emerged as an effective solution to deliver image analysis software as it offers enhanced data accessibility and real-time analysis. Cloud-based image analysis solutions help deliver analytical insights from a multi-terabyte database with ease at any location, anytime, and on any platform. In these solutions, every change in data is captured and automatically updated on the dashboard on a real-time basis. Furthermore, a cloud-based imaging solution does not require any up-front capital investment on hardware; reduces the burden on healthcare systems as there is lower/no involvement of in-house IT staff and enables faster data transfer between organizations. Owing to these advantages, in the coming years, the demand for cloud-based image analysis solutions is expected to be high among end users and this is expected to drive the market growth.

To tap the growth opportunities, many companies are undertaking strategic initiatives to launch new products and expand their presence in the cloud-based medical imaging (3D and 4D) software market which is expected to act as driver for the growth of the medical imaging (3D and 4D) software market.

Challenge

• Less adoption of medical imaging software in developing countries

Developing countries are often cut off from global supply chains; however, medical imaging (3D and 4D) software can bring them back into the fold. Medical imaging software would ensure that anyone in developing countries can produce advanced medical tools. The lack of access to the internet, electricity, and power generation prevents medical imaging in developing countries which is expected to act as restrain for the growth of medical imaging (3D and 4D) software market.

The factors such as lack of proper resources, high cost of imaging software, and lack of technological advancement lead to less adoption of medical imaging software in developing countries.

Post COVID-19 Impact on Medical Imaging (3D and 4D) Software Market

COVID-19 has resulted in a substantial increase in demand for medical supplies from healthcare professionals and the general public for precautionary measures. Manufacturers of these items have an opportunity to take advantage of the increased demand for medical supplies by ensuring a steady supply of personal protective equipment in the market. COVID-19 is anticipated to greatly impact the medical imaging (3D and 4D) software market.

Medical Imaging (3D and 4D) Software Scope and Market Size

Medical imaging (3D and 4D) software market is segmented on the basis of type, image type, modality, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the Difference in your target markets.

By Type

• Integrated Software
• Standalone Software

On the basis of type, the medical imaging (3D and 4D) software market is segmented into integrated software and standalone software.

By Image Type

• 3D Imaging
• 4D Imaging

On the basis of image type, the medical imaging (3D and 4D) software market is segmented into 3D imaging and 4D imaging.

By Modality

• Traumatic Brain Injury (TBI)
• Ultrasound Imaging
• Radiographic Imaging
• Combined Modalities

On the basis of modality, the medical imaging (3D and 4D) software market is segmented into radiographic imaging, ultrasound imaging, combined modalities and traumatic brain injury (TBI).

By Application

• Orthopaedics
• Dental Application
• Neurology
• Cardiology
• Oncology
• Obstetrics And Gynaecology
• Mammography
• Respiratory Applications
• Urology And Nephrology
• Others

On the basis of application, the medical imaging (3D and 4D) software market is segmented into orthopedics, oncology, mammography, respiratory applications, cardiology, obstetrics and gynecology, neurology, urology and nephrology, dental application and others.

By End User

• Hospitals
• Diagnostics Centers
• Research Centers
• Others

On the basis of end user, the medical imaging (3D and 4D) software market is segmented into hospitals, diagnostic centers, research centers and others.

Medical Imaging (3D & 4D) Software Market Country Level Analysis

The medical imaging (3D and 4D) software market is analyzed and market size information is provided by type, image type, modality, application and end user.

The countries covered in the medical imaging (3D and 4D) software market report are Germany, France, Italy, U.K., Spain, Netherlands, Russia, Switzerland, Turkey, Belgium and Rest of Europe.

Germany is the dominating country due to the presence of key market players. Germany is expected to grow due to growing applications of computer-aided diagnosis.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Medical Imaging (3D and 4D) Software Market Share Analysis

Medical imaging (3D and 4D) software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to medical imaging (3D and 4D) software.

The major companies which are dealing in the medical imaging (3D and 4D) software market are Carestream Dental LLC, ESAOTE SPA, General Electric Company, Synopsys, Inc., INFINITT Healthcare Co., Ltd., MIM Software Inc., Mirada Medical Limited, Koninklijke Philips N.V., ScienceSoft USA Corporation, Siemens Medical Solutions USA, Inc., Xinapse Systems Ltd, Arterys Inc., QMENTA, Aidoc, EffectiveSoft Poland, ContextVision AB, Pie Medical Imaging BV, FUJIFILM Visualsonics, Inc. (A Subsidiary of FUJIFILM), ALPINION MEDICAL SYSTEMS, Materialise, among others.

• In March 2022, Synopsys announced Simpleware Release T-2022.03. The latest release of Simpleware software included many new features and improvements, including the new shoulder CT tool in the Simpleware AS Ortho module, contour measurements, improved 3D printing capabilities, and aortic valve analysis. This has helped the company to increase its product portfolio.
• In November, 2021, Royal Philips, a global leader in health technology, announced new additions to its CT imaging portfolio at the Radiological Society of North America (RSNA) annual. The new CT 5100 – Incisive – features CT Smart WorkFor instance,flow, a comprehensive suite of artificial intelligence (AI) enabled capabilities designed to accelerate CT workflows, enhance diagnostic confidence, and maximize equipment uptime, helping imaging services to enhance patient outcomes, improve department efficiency, reduce operational costs, and meet ambitious financial objectives. This has helped the company to increase its product portfolio.

Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company footprints in the medical imaging (3D and 4D) software market which also provides the benefit for organization’s profit growth.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Europe vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.

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