According to the report, Global Medical Image Analysis Software Market was worth USD 2.46 billion in 2016 and estimated to be growing at a CAGR of 7.72%, to reach USD 3.56 billion by 2021.
Medical image analysis software facilitates the quantitative study and visualization of medical images of a range of modalities such as MRI, X-ray, CT, PET, ultrasound, and SPECT.
This software assists in the growth of computational techniques and algorithms in order to measure medical data. With the progress of medical image analysis software, several medical procedures have grown a lot with regards to individualized treatment and effectual data management.
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The growth of the Global Medical Image Analysis Software Market is mainly driven by factors such as technological advancements, upsurge in frequency of cancer cases, increase in demand for imaging modalities, and favourable government schemes. The growing need for improved efficiency in medical procedures is another major factor driving the growth of the market. However, factors such as high cost of software data, hacking concerns, and data security issues are preventing the growth of the market.
- Image Type
- 2D Imaging
- 3D Imaging
- 4D Imaging
- Y-o-Y Growth Analysis, By Image Type
- Market Attractiveness Analysis, By Image Type
- Market Share Analysis, By Image Type
- Imaging Technology
- Computed Tomography
- High-End Slice CT
- Mid-End Slice CT
- Low-End Slice CT
- Positron Emission Tomography
- Single Photon Emission Computed Tomography
- Magnetic Resonance Imaging
- Open MRI Systems
- Closed MRI Systems
- Radiographic Imaging
- Y-o-Y Growth Analysis, By Imaging Technology
- Market Attractiveness Analysis, By Imaging Technology
- Market Share Analysis, By Imaging Technology
- Obstetrics and Gynaecology
- Y-o-Y Growth Analysis, By Application
- Market Attractiveness Analysis, By Application
- Market Share Analysis, By Application
- End User
- Research Centres
- Diagnostic Centres
- Y-o-Y Growth Analysis, By End User
- Market Attractiveness Analysis, By End User
- Market Share Analysis, By End User
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The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. In 2015, North America led the global Medical Image Analysis Software market in terms of both value and capacity. However, the Asia Pacific region is projected to grow the highest during the forecast period due to various factors such as presence of ample untapped opportunities, increase in per capita income, advancements in diagnostic technology and growing awareness among people regarding medical imaging techniques and their advantages.
Reasons to buy Global Medical Image Analysis Software Market Report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
• Segment-level analysis on basis of animals and product along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the global Medical Image Analysis Software market are Agfa HealthCare, Medviso AB, Aquilab, Bruker Corporation, Carestream Health Inc., Esaote S.p.A, GE Healthcare, Spacelabs Healthcare, Merge Healthcare Inc., Xinapse Systems Ltd., MIM Software Inc., Philips Healthcare, Claron Technologies, Siemens Healthcare, and Toshiba Medical Systems Corporation.
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