Medical Image Analysis Software Market Size, Trends & Analysis - Forecasts To 2025 By Type (Standalone Software, Integrated Software), By Images (2D, 3D, 4D), By Modality (Tomography [Computed Tomography, Magnetic Resonance Imaging, Positron Emission Tomography, Single-Photon Emission Computed Tomography], Ultrasound Imaging [2D Ultrasound Systems, 3D & 4D Ultrasound Systems, Doppler Imaging], Radiographic Imaging, Combined modalities [PET/CT, SPECT/CT, PET/MR]), By Application (Dental Application, Orthopedic, Mammography, Oncology, Neurology, Cardiology, Obstetrics & Gynecology, Urology & Nephrology, Respiratory Applications), End-User (Hospital, Diagnostic Centre, Research) By Region (North America, Europe, Asia- Pacific, Central and South America, and Middle East and Africa. End-Use landscape, Vendor Landscape, Market Share & Competitor Analysis - Global Market Estimates
Medical Image Analysis Software Market insights:
The Medical Image Analysis Software market is expected to grow at a high CAGR over the forecast period. A lot of factors such as technological advancements in the medical imaging systems coupled with growing investments in the public & private sector for medical Imaging market and increasing chronic diseases are anticipated to boost the market growth over the coming years.
Medical Image Analysis Software Market: Type Insights
Integrated Software is a computer technology which is very commonly used around the world for various activities. The segment accounted for dominant market share in 2016 and is further likely to increase at a significant rate over the coming years. Factors such as low costs and centralized data storage are likely to propel the market growth over the coming years.
Standalone Software segment is likely to hold the largest market share over the forecast period. Stand alone is not a part of any bundled software, and operates as a separate process, unlike the existing one. This does not require an operating system to function and can run without installation. Factors such as high flexibility coupled with availability of easy-to-use tools for the purpose of evaluation, inspection, and processing of the imaging data are projected to bode well for the market growth.
Medical Image Analysis Software Market: Image Insights
2D Imaging offers the latest ultrasound transducers, probes, printers, VCR’s & monitors, refurbished ultrasounds, ultrasound systems, and ultrasound machines.
3D Imaging deals with the 3 D’s; Drug, Design and Development. It not only offers products but also information and skills to provide high-quality products and imaging.
4D Imaging is mainly used in the forensic and Oil & Gas Industries. It provides imaging services & scans through the use of magnetic response Imaging (MRI), and high-end laser scanning equipment, among others.
Medical Image Analysis Software Market: Modality Insights
Tomography segment is likely to grow at a significant CAGR over the forecast period. It is further segmented into computed tomography, magnetic resonance imaging, positron emission tomography, and single-photon emission computed tomography.
Positron Imaging Tomography uses a type of camera and tracer to monitor organs in the body. This tracer is usually a special form of substance (glucose) that collects in the cells and uses a lot of energy such as cancer cells.
Computed Tomography is a diagnostics imaging test used to get detailed images of organs, bones, soft tissue and blood vessels.
Magnetic Resonance Imaging is mainly used in radiology to obtain pictures of the physiological processes of body and anatomy in terms of both health and diseases.
Medical Image Analysis Software Market: Application Insights
One of the largest applications was found in the segment of orthopedics which held a major share in 2016. Dental Applications focuses on the preparation of dental implants and restorations including all areas like cosmetic reconstructions, ceramic restorations, and CAD/CAM designed and milled frameworks and abutments.
Mammography uses low dose X-rays to detect cancer early before any symptoms.
Oncology is the management of an individual’s care and treatment once he/she is diagnosed with cancer. This has 3 major areas of procedures like medical, surgical, and radiation.
Medical Image Analysis Software Market: Regional Insights
The largest revenue share of the medical image analysis was held by North America in 2016. Rise in the implementation of the EHR, supportive government initiatives, and the non-absence of the prominent players is likely to be responsible for the dominance of this regional market. The Asia Pacific Region is expected to grow at a lucrative CAGR in the forecast period, leading to the improvement in healthcare infrastructure with the help of supportive government policies/initiatives.
Medical Image Analysis Software Market: End-Use Landscape
The End-use landscape includes a list of current and prospective consumers existing across the regions. This section provides company addresses, contact details, products and regional presence of companies who are purchasing or are likely to purchase from the Medical Image Analysis Software market. The major consumers of the product are New York-Presbyterian University Hospital, UCSF Medical Centre San Francisco, and Massachusetts General Hospital among others.
Medical Image Analysis Software Market Share & Competitor Analysis:
The industry is highly competitive in nature and players have their own strategies like launching new products, merging, and acquisitions, and adopting new innovations in technology. The key players of medical image analysis software market include AGFA Healthcare (Belgium), AQUILAB (France), Carestream Health Inc. (the U.S.), GE Healthcare (U.S.), Image Analysis (UK), INFINITT Healthcare Co, Ltd., (South Korea), Merge Healthcare, Inc. (the U.S.), MIM Software Inc. (the U.S.), Mirada Medical Limited (UK), Phillips Healthcare (Netherlands), ScienceSoft USA Corporation (the U.S.), Siemens Healthineers (Germany), and Xinapse Systems Ltd. (UK).
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Medical Image Analysis Software Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Medical Image Analysis Software Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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