Lung cancer screening software plays a pivotal role in enhancing patient outcomes by enabling early detection and timely intervention. These advanced software solutions aid healthcare professionals in accurately interpreting imaging data, facilitating the identification of potential lung cancer cases at early stages. By streamlining the screening process, these technologies improve efficiency and reduce the time between diagnosis and treatment initiation. Consequently, patients benefit from improved chances of successful treatment and overall better disease management, leading to enhanced survival rates and quality of life.
According to Data Bridge Market Research, the Global Lung Cancer Screening Software Market is expected to reach USD 115,027.61 thousand by 2029. The market is expected to grow with a CAGR of 19.4% in the forecast period of 2022 to 2029.
“Increasing prevalence of lung cancer cases boosts the market’s growth”
The increasing prevalence of lung cancer cases worldwide has led to a surge in demand for lung cancer screening software. As healthcare organizations and providers prioritize early detection and timely interventions, advanced screening technologies become essential. Lung cancer screening software aids in the accurate interpretation of imaging data, assisting healthcare professionals in identifying potential lung cancer cases at early stages. This growing need for efficient and precise screening solutions has propelled the lung cancer screening software market's growth, supporting improved patient outcomes and better disease management.
What restraints the growth of the global lung cancer screening software market?
“High-cost restraints the market’s growth”
The adoption of advanced lung cancer screening software demands substantial financial investments for healthcare providers. This includes funding for the necessary technology infrastructure to support the software, costs associated with developing and customizing the software to suit specific healthcare environments and ongoing maintenance expenses. For healthcare facilities with limited financial resources, these high costs may act as a deterrent, making it challenging to embrace the latest screening technologies, potentially hindering the widespread adoption of such software in lung cancer detection and diagnosis.
Segmentation: Global Lung Cancer Screening Software Market
The global lung cancer screening software market is segmented on the basis of mode of delivery, product, type, application, platform, purchase mode, end user, and distribution channel.
- On the basis of mode of delivery, the market is segmented into cloud based solutions, on-premise solutions, and web based solutions.
- On the basis of product, the market is segmented into lung cancer screening radiology solution, lung cancer screening patient management software, nodule management software, data collection and reporting, patient coordination and workflow, lung nodule computer aided detection, pathology and cancer staging, statistical audit reporting, screening PACS, practice management and audit log tracking.
- On the basis of type, the market is segmented into computer-assisted screening and traditional screening.
- On the basis of application, the market is segmented into non-small cell lung cancer (NSCLC) and small cell lung cancer (SCLC).
- On the basis of platform, the market is segmented into standalone and integrated.
- On the basis of purchase mode, the market is segmented into individual and institutional.
- On the basis of end user, the market is segmented into hospitals, oncology centers, Ambulatory Surgical Centers, and others.
- On the basis of distribution channel, the market is segmented into direct tender and third party distributors.
Regional Insights: North America dominates the Global Lung Cancer Screening Software Market
North America region is expected to dominate the market and is the fastest-growing region due to rise in the number of screening programs, the increasing adoption of software solutions for patient management, and the growing demand for screening using chest radiography. Additionally, the market is fueled by the presence of a large number of screening centers that are actively utilizing advanced software technologies to enhance the efficiency and accuracy of lung cancer screening processes.
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Recent Developments
- In July 2022, GE Healthcare recently introduced its cutting-edge ultrasound technology, the Voluson Expert 22, as the latest addition to its Women's Health portfolio. This advanced product employs graphic-based beam former technology, resulting in superior image quality and enhanced imaging capabilities.
- In October 2021, Thynk Health has unveiled a strategic collaboration with Infervision, aimed at combating lung cancer using cutting-edge technologies. This partnership presents an opportunity for advanced lung cancer screening and efficient pulmonary nodule management.
The Prominent Key Players Operating in the Global Lung Cancer Screening software Market Include:
- PenRad Technologies Inc. (U.S.)
- Koninklijke Philips N.V (Netherlands)
- Volpara Health Limited (New Zealand)
- Thynk Health (U.S.)
- Nuance Communications, Inc. (U.S.)
- Siemens Healthcare GmBH (Germany)
- MyCareWare, Inc. (U.S.)
- MagView (U.S.)
- MeVis Medical Solutions AG (Germany)
- Canon Medical Informatics, Inc. (U.S.)
- General Electric Company (U.S.)
- Epic Systems Corporation (U.S.)
- Lungview (U.S.)
- Eon (U.S.)
- Medtronic (U.S.)
- Coreline Soft Co., Ltd. (South Korea)
- Optellum Ltd (U.K.)
- HealthMyne (U.S.)
- Oncocyte Corporation (U.S.)
- Genesystem (South Korea)
- REVEALDX (U.S.)
- FUJIFILM Holdings Corporation (Japan)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Median Technologies (France)
- AstraZeneca (U.K.)
- Aidence.com (Netherlands)
Above are the key players covered in the report, to know about more and exhaustive list of global lung cancer screening software market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Lung Cancer Screening Software Market
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, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
