Medical Image Analysis Software Market Size Worth USD 6.10 Billion by 2029
Global Medical Image Analysis Software Market research report estimates potential market for new product, consumer’s reaction for particular product, general market tendencies, different types of customers, and intensity of marketing problem. The market report has been generated by keeping in mind all the vital aspects of the market research that simply brings market landscape into focus. By examining competitor analysis, Healthcare industry can get fluency of the strategies of key players in the market that includes new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions.
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.
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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.
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.
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.
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.
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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Medical Image Analysis Software Market Scope
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
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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