Global Medical Image Analysis Software Market, By Type (Integrated Software, Standalone Software), Image Type (2D Imaging, 3D Imaging, 4D Imaging), Modality (Tomography, Ultrasound Imaging, Radiographic Imaging, Combined Modalities), Application (Cardiology Applications, Orthopedics, Oncology Applications, Neurology, Obstetrics and Gynecology, Mammography Applications, Dental Applications, Respiratory Applications, Urology, Nephrology), End User (Hospitals, Diagnostic Centers, Research Centers) – Industry Trends and Forecast to 2030.
Medical Image Analysis Software Market Analysis and Size
According to the American Heart Association's "Heart Disease and Stroke Statistics-2021" Update, approximately 126.9 million adult Americans had some form of cardiovascular disease, with hypertension accounting for 121.5 million. The rising prevalence of various heart diseases is expected to be a major driving factor in this region's market growth. Hospitals and diagnostic imaging centers require sophisticated software to better analyze patient conditions as the number of imaging procedures increases.
Data Bridge Market Research analyses that the medical image analysis software market, which was USD 3.32 billion in 2022, is expected to reach USD 6.10 billion by 2030, at a CAGR of 7.9% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Medical Image Analysis 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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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Integrated Software, Standalone Software), Image Type (2D Imaging, 3D Imaging, 4D Imaging), Modality (Tomography, Ultrasound Imaging, Radiographic Imaging, Combined Modalities), Application (Cardiology Applications, Orthopedics, Oncology Applications, Neurology, Obstetrics and Gynecology, Mammography Applications, Dental Applications, Respiratory Applications, Urology, Nephrology), End User (Hospitals, Diagnostic Centers, Research Centers)
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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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General Electric (U.S.), Hitachi, Ltd. (Japan), Shimadzu Corporation (Japan), Siemens (Erlangen, Germany), Koninklijke Philips N.V. (Netherlands), Hologic, Inc. (U.S.), SAMSUNG (Seoul, South Korea), Fujifilm Holdings Corporation (Tokyo, Japan), Esaote SPA (Italy), Canon Medical Systems Corporation (Japan), Shanghai United Imaging Healthcare Co., LTD. (China), Agfa-Gevaert Group (Belgium), Barco (Belgium), Agilent Technologies, Inc. (U.S.), ALMA IT SYSTEMS SL (Spain), Pie Medical Imaging B.V. (Netherlands), Ampronix (U.S.), Capsa Healthcare (U.S.), Carestream Healthcare (U.S.)
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Market Opportunities
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Market Definition
Medical image analysis software is primarily used in healthcare settings to analyze medical images in order to diagnose and understand various medical conditions. Medical image analysis software also allows for the tracking, archiving, controlling, and handling of patient images, as well as administrative workflow.
Global Medical Image Analysis Software Market Dynamics
Drivers
- New technological advancements in medical imaging systems
Technological advancements in medical Imaging, such as augmentations of artificial intelligence (AI) and machine learning (ML), such as in the case of stroke detection through a C.T. scan, because strokes have a limited treatment window, the A.I. can identify features that move a patient to the front of the line to improve outcomes, the extended use of cloud-based modeling software, 3D holographic models that display complete anatomical details, including spatial associations amenable to am These holographic models help with pre-surgery planning and surgical precision. The introduction of technologically advanced products and the development of efficient information management systems are expected to drive market growth in the coming years.
- Usage of medical imaging systems
More medical imaging goods are needed, leading to increased production. In addition to aiding in the early diagnosis of diseases, these medical imaging systems help reduce the overall cost of patient care and boost hospital operational effectiveness. For instance, many hospitals use HL7 and FHIR-linked electronic medical records and digital imaging systems to boost their revenues.
Opportunities
- Introduction of CT-guided diagnosis
With the introduction of CT-guided diagnosis and intervention, including nuclear medicine-based scans and angiography, radiation exposure for patients and medical professionals has steadily increased. As a result, statutory bodies have made it mandatory to monitor and record patients' radiation exposure in their medical records. Furthermore, tracking how much radiation doctors are exposed to while performing their duties is critical.
For instance, G.E., offers a program called DoseWatch. It records the radiation dose given to patients at a specific facility. The data can be classified according to devices, protocols, or operators to make it easier to spot dose outliers. Sectra, among other things, offers web-based dose tracking. Sectra has been certified by the American College of Radiology, and it can send dose data from
Restraints/Challenges
- High cost associated with imaging systems
The high cost of medical Imaging and treatment and budgetary constraints will restrain the growth of the medical image analysis software market. In contrast, a lack of skilled professionals and hacking-related risks associated with the use of imaging equipment and software have the potential to hamper the market's growth.
This medical image analysis 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 medical image analysis 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 the Medical Image Analysis Software Market
The COVID-19 pandemic had a significant impact on the global market. The medical imaging sector experienced tremendous growth during the COVID-19 pandemic due to the importance of medical Imaging in diagnosing and treating severe COVID-19 infections. Medical imaging software techniques are also used in caring for patients following COVID-19. Chest X-rays, ultrasonography, and C.T. scans are frequently used to assess the severity of COVID-19 infections and determine the disease's spread in the lungs. These elements all contribute to an increase in global market demand.
Recent developments
- In July 2022, Siemens Healthineers formally incorporated Subtle Medical's SubtleMR image-enhancement software into its recently created reconstruction pipeline, Open Recon. Faster MRI sequences can benefit from SubtleMR's DL (deep learning) post-processing for denoising and superior sharpness, which improves image quality, streamlines workflow and increases patient satisfaction.
- In March 2020, Philips launched "Cloud-enabled Enterprise Imaging Informatics and Analytics Solutions" to address various workflow requirements across its imaging offerings.
Global Medical Image Analysis Software Market Scope
The medical image analysis software market is segmented on the basis of type, image type, modality, application and end user. 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.
Type
- Integrated Software
- Standalone Software
Image Type
- 2D Imaging
- 3D Imaging
- 4D Imaging
Modality
- Tomography
- CT
- High-end slice CT
- Mid-end slice C.T.
- Low-end slice CT
- MRI
- Closed MRI systems
- Open MRI systems
- PET
- SPECT
- Ultrasound Imaging
- Radiographic Imaging
- Combined Modalities
Application
- Cardiology Applications
- Orthopedics
- Oncology Applications
- Neurology
- Obstetrics and Gynecology
- Mammography Applications
- Dental Applications
- Respiratory Applications
- Urology
- Nephrology
End User
- Hospitals
- Diagnostic Centers
- Research Centers
Medical Image Analysis Software Market Regional Analysis/Insights
The medical image analysis software market is analysed and market size insights and trends are provided by country, type, image type, modality, application and end user as referenced above.
The countries covered in the medical image analysis 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 medical image analysis software market owing to the growing geriatric population, growing incidence or prevalence of various diseases, the large number of imaging centers within the region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of the strong presence of unmet clinical needs within this particular region.
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 medical image analysis 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 medical image analysis software market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical image analysis software market. The data is available for historic period 2011-2021.
Competitive Landscape and Medical Image Analysis Software Market Share Analysis
The medical image analysis 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 medical image analysis software market.
Some of the major players operating in the medical image analysis software market are:
- General Electric (U.S.)
- Hitachi, Ltd. (Japan)
- Shimadzu Corporation (Japan)
- Siemens (Erlangen, Germany)
- Koninklijke Philips N.V. (Netherlands)
- Hologic, Inc. (U.S.)
- SAMSUNG (Seoul, South Korea)
- Fujifilm Holdings Corporation (Tokyo, Japan)
- Esaote SPA (Italy)
- Canon Medical Systems Corporation (Japan)
- Shanghai United Imaging Healthcare Co., LTD. (China)
- Agfa-Gevaert Group (Belgium)
- Barco (Belgium)
- Agilent Technologies, Inc. (U.S.)
- ALMA IT SYSTEMS SL (Spain)
- Pie Medical Imaging B.V. (Netherlands)
- Ampronix (U.S.)
- Capsa Healthcare (U.S.)
- Carestream Healthcare (U.S.)
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