Global Healthcare Imaging Informatics Software Market, By Component (Software, Hardware, Services), Application (Digital Radiography, Ultrasound, Magnetic Resonance Imaging, Computed Tomography, Nuclear Imaging, Mammography), Deployment Type (Web-Based, On-Premise, Cloud-Based), End User (Hospitals, Specialized Clinics, Others) – Industry Trends and Forecast to 2029.
Healthcare Imaging Informatics Software Market Analysis and Size
The market is projected to be impacted by imaging systems and analytic software improvements that help decrease exposure and imaging time. Further technological advancements in the field of medical imaging system will help to grow the healthcare imaging informatics software market during the forecast period of 2022 to 2029.
Data Bridge Market Research analyses that the healthcare imaging informatics software market which was USD 3,671.72 million in 2021, would rocket up to USD 8461.62 million by 2029, and is expected to undergo a CAGR of 11.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Healthcare Imaging Informatics Software Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Software, Hardware, Services), Application (Digital Radiography, Ultrasound, Magnetic Resonance Imaging, Computed Tomography, Nuclear Imaging, Mammography), Deployment Type (Web-Based, On-Premise, Cloud-Based), End User (Hospitals, Specialized Clinics, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Koninklijke Philips N.V. (Netherlands), RamSoft, Inc.(Canada), InHealth Group (U.K.), Siemens (Germany), Sonic Healthcare Limited ( Australia), RadNet, Inc. (U.S.), General Electric (U.S.), Akumin Inc. (U.S.), Hologic Inc. (U.S.), Shimadzu Corporation (Japan), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), CANON MEDICAL SYSTEMS CORPORATION (Japan), Carl Zeiss Ag (Germany), FUJIFILM Corporation (Japan), Hitachi, Ltd. (Japan), MEDNAX Services, Inc. (U.S), Carestream Health (U.S.), Teleradiology Solutions (U.S.), UNILABS (Switzerland), ONRAD, Inc. (U.S.)
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Market Opportunities
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Market Definition
Healthcare imaging is a technique for generating images of the body for disease diagnosis and therapy. This technique is mostly important in improving people's health around the world since it can aid in the early detection of certain inside ailments and the proper treatment of those disorders. It's also possible to look into what has already been diagnosed and treated.
Global Healthcare Imaging Informatics Software Market Dynamics
Drivers
- Increasing demand for innovative imaging modalities
The industry is driven by integrating surgical suits with imaging technology. However, the number of new hospitals in Asia-Pacific developing countries has increased dramatically. The entry of global healthcare service providers is to blame for this. Private players dominate the healthcare sector in these countries. Imaging modalities are usually given specific space in new hospitals. In the future, rising competition and increased demand for world-class healthcare services will likely drive segment expansion.
- Increase in cases of chronic diseases
The market is driven by factors such as cancer and cardiovascular illnesses, technical developments, medical imaging reagent development, and high unmet medical and diagnostic imaging procedure demands. Cardiovascular disorders, for instance, are one of the main causes of death worldwide. Furthermore, because elderly people are more likely to develop chronic diseases, the increasing growth of the geriatric population is predicted to raise demand for medical imaging reagents.
- Development in demand for medical imaging reagents
The rising number of cancer patients who require advanced diagnostic imaging techniques such as photoacoustic imaging and imaging reagents for better diagnosis also adds to market expansion. Furthermore, the growing elderly population, rising healthcare spending, and rising demand for effective procedures and safe drugs are likely to drive the healthcare imaging informatics software market forward.
Opportunities
- Technological advancements
The healthcare imaging informatics software market's growth is fuelled by technological advancements and modernization which provide advanced imaging techniques for the visualization of organs. This will provide beneficial opportunities for the healthcare imaging informatics software market growth.
Restraints/Challenges
- Lack of skilled professionals
Integrated eco system and lack of expertise to operate the software will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the healthcare imaging informatics software market.
This healthcare imaging informatics software market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the healthcare imaging informatics software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Healthcare Imaging Informatics Software Market
Numerous worldwide healthcare imaging informatics software market businesses were compelled to temporarily halt operations to comply with new government rules designed to stop the spread of the COVID-19 pandemic. This suspension of operations directly influenced the worldwide healthcare imaging informatics software market's revenue flow. Due to a shortage of labour and raw resources during the lockdown, industrial goods production also came to an end. Due to country-wide lockdowns and delays in the manufacturing and assembly of software and informatics products utilized in hospitals, specialty clinics, and maternity clinics, the COVID-19 epidemic had an impact on the expansion of the healthcare imaging informatics software industry. During the forecast period, a gradual retrieval of the market is anticipated.
Recent Development
- In March 2022, Agfa-Gevaert Group announced that Spire Healthcare had decided to equip many of its 40 hospitals around the UK with Agfa direct radiography (DR) systems and solutions.
- In October 2021, The Agfa-Gevaert Group partnered forces with Atos. Internal information and communication services operations at Agfa, including the specialised positions and personnel, will be mostly moved to Atos. Atos will create and execute world-class IT solutions for the business in close collaboration with Agfa.
- In March 2022, At the HIMSS22 Global Health Conference & Exhibition, Royal Philips announced its most recent analytics and interoperability technologies. A fully integrated cloud-enabled health IT platform for meeting various workflow requirements across the imaging organisation is Philips HealthSuite Interoperability.
Global Healthcare Imaging Informatics Software Market Scope
The healthcare imaging informatics software market is segmented on the basis of component, application, end user and deployment type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Software
- Hardware
- Services
Application
- Digital Radiography
- Ultrasound
- Magnetic Resonance Imaging
- Industrial Computed Tomography
- Nuclear Imaging
- Mammography
Deployment Type
- Web-Based
- On-Premise
- Cloud-Based
End User
- Hospitals
- Specialized Clinics
- Others
Healthcare Imaging Informatics Software Market Regional Analysis/Insights
The healthcare imaging informatics software market is analysed and market size insights and trends are provided by country, component, application, end user and deployment type as referenced above.
The countries covered in the healthcare imaging informatics software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the healthcare imaging informatics software market due to increased demand for medical informatics technology and the high adoption rate of technologically advanced healthcare IT systems.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.
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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The healthcare imaging informatics software market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare imaging informatics software market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare imaging informatics software market. The data is available for historic period 2010-2020.
Competitive Landscape and Healthcare Imaging Informatics Software Market Share Analysis
The healthcare imaging informatics 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to healthcare imaging informatics software market.
Some of the major players operating in the healthcare imaging informatics software market are:
- Koninklijke Philips N.V. (Netherlands)
- RamSoft, Inc.(Canada)
- InHealth Group (U.K.)
- Siemens (Germany)
- Sonic Healthcare Limited (Australia)
- RadNet, Inc. (U.S.)
- General Electric (U.S.)
- Akumin Inc. (U.S.)
- Hologic Inc. (U.S.)
- Shimadzu Corporation (Japan)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- CANON MEDICAL SYSTEMS CORPORATION (Japan)
- Carl Zeiss Ag (Germany)
- FUJIFILM Corporation (Japan)
- Hitachi, Ltd. (Japan)
- MEDNAX Services, Inc. (U.S.)
- Carestream Health (U.S.)
- Teleradiology Solutions (U.S.)
- UNILABS (Switzerland)
- ONRAD, Inc. (U.S.)
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