Medical Image Analysis Software Market by Software Type (Integrated and Stand-alone), By Modality (Tomography, Ultrasound Imaging, Radiographic Imaging, and Combined Modalities), By Application (Orthopedic, Dental, Neurology, Cardiology, Oncology, Obstetrics & Gynecology, Mammography, and Urology & Nephrology) and By End-Use (Hospitals, Diagnostic, and Research Centers): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2024

Global medical image analysis software market expected to reach around USD 4.48 billion by 2024, growing at a CAGR of 8.3 % between 2018 and 2024. Early detection of a disease is essential to take appropriate medical care. Medical imaging techniques are widely used for accurate diagnosis of diseases pertaining to cardiology, orthopedic, neurology, and others.

05-Sep-2018 | Number of pages: 110 | Report Code: ZMR-3313 | Report Format : | Status : Published

Analysis

Imaging has become a vital component in many medical and laboratory research practice. It is being used worldwide in different aspects of life science and healthcare practices. Imaging generates multiple image types and complex data from different imaging tools used in different medical and research applications. Analysis of generated image types often requires sophisticated computerized quantification and visualization tools. Biomedical imaging and image analysis techniques have made significant progress over the last 15 years. Until recently, 3D visualization of images and accurate quantitative analysis was only possible using UNIX workstations and customized software. Nowadays, visualization and analysis can be performed easily on a desktop computer equipped with suitable graphics hardware and software. Extensible platform independent and universal image processing and visualization program principally designed to meet the needs of end users are available in the market. Multiple factors are inducing the growth of global medical image analysis software market such as early diagnosis for better cure facilitated by machine learning system, research specific algorithm to understand patterns & improve drug development, and neural networks supporting diagnosis validation. 

However, the high cost of imaging software, the presence of standalone software vendors, and a lack of skilled professions are hindering the growth of medical image analysis software market. On the other hand, an untapped market in developing countries, technological developments in cloud-based image analysis solutions is expected to offer lucrative opportunities during the forecast period.

Global Medical Image Analysis Software Market

By software type, the global medical image analysis software market is divided into integrated and stand alone. Among these two segments, standalone software segment is expected to account for the largest share of the market. The standalone software segment offers user-friendly tools to accurately analyze, evaluate, and process the imaging data thus widely being adopted in the market.

On the basis of modality, the global medical image analysis software market is divided into tomography, ultrasound, radiographic imaging, and combined modalities. On the basis of application, the market is divided into cardiology, orthopedic, neurology, oncology, dental, obstetrics & gynecology, mammography, and urology & nephrology. The cardiology segment dominated the market and accounted for the largest share in 2017. The outsized share of this segment is primarily credited to the prime factors such as advancements in cardiac imaging technologies and the growing number of cardiac imaging checkups due to the growing incidence of heart disorders. The orthopedic segment is expected to grow at the highest CAGR during the forecast period.

Based on the end user segment, the global medical image analysis software market is segmented into hospitals, diagnostics centers, research centers, and others. The diagnostics and research segments accounted for a maximum share from the end user segment.

Based on the geography, the global medical image analysis software market is divided into five regions North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to remain the dominant region over the forecast period. Europe was the second largest market followed by the Asia Pacific. Asia Pacific was the fastest growing market with highest CAGR during the forecast period. Developing economies such as India and China are accelerating the growth of this region owing to the development of healthcare infrastructure and heightened corporate investments in the healthcare sector. The Middle East and Africa and Latin America are expected to experience moderate growth in the medical image analysis software market in the years to come.
 
Some of the key players in medical image analysis software market include Bruker Corporation, Esaote Inc., Merge Healthcare Inc., Spacelabs Healthcare Inc., Carestream Health Inc., Philips Healthcare, GE Healthcare, Toshiba Medical Systems Corporation, Xinapse Systems Ltd., ClaroNAv Inc., Aquilab GmbH, MIM Software Inc., Agfa-Gevaert Corporation, and Siemens Healthineers, among others.


Related Reports

Artificial Disc Market – By Type (Lumbar Artificial Disc and Cervical Artificial Disc), By Material (Metal-On-Biopolymer and Metal-On-Metal), And By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5311 | Report Format:

This report analyzes and estimates the artificial disc market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the artificial disc mar...Read More

Medical Equipment Financing Market – By Type (Refurbished Equipment, New Medical Equipment, and Rental Equipment), By Equipment (Patient Monitoring Equipment, Diagnostic Equipment, Laboratory Equipment, Therapeutic Equipment, and Medical Furniture), By End-Use [Hospitals, Laboratories & Diagnostic Centers, Clinics, Ambulatory Surgical Centers (ASCs), and Others], and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5285 | Report Format:

This report analyzes and estimates the medical equipment financing market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the medical...Read More

Endoscopy Fluid Management Market by Product (Hysteroscopy Pumps, Hysteroscopy Fluid Management Systems, Laparoscopy Suction Irrigation Pumps and Laparoscopy Fluid Management Systems); by Modality (Benchtop and Floor Standing); by End User (Specialty Clinics, Diagnostic Centers, Hospitals and Ambulatory Surgical Centers): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 - 2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5252 | Report Format:

The report covers forecast and analysis for the endoscopy fluid management market on a global and regional level. The study provides historic data from 2016 along with forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the endoscopy fluid manag...Read More

Request Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.