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  • Global Medical Image Analysis Software Market Report | 2023-2028

    Global Medical Image Analysis Software Market Report | 2023-2028

    Global Medical Image Analysis Software Market Report | 2023-2028
    Report code - SRHL295 Delivery - 2 Weeks
    Global Medical Image Analysis Software Market Size, Share, Trend, Forecast, Growth & I See more...

    Market Insights

    The Global Medical Image Analysis Software Market is expected to grow from US$ 3.24 billion in 2022 to US$ 5.08 billion by 2028 at a healthy CAGR of 7.78% during the forecast period of 2023-2028.

    Medical Image Analysis Software Market Size

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    What is medical image software?

    Medical imaging is referred to as a process of creating a visual portrayal of a body for clinical analysis and medical intervention. The scanning software develops images that are stored in the computer’s memory and are later analyzed.

    The analysis is a process to enhance the quality of images and the quantitative aspects. The analysis is carried out using a computer-aided diagnosis and data-driven optimized image registration and segmentation.

    Global Medical Image Analysis Software Market Highlights

    Market Size in 2022

    US$ 3.24 Billion

    Market Size in 2028

    US$ 5.08 Billion

    Market Growth by 2023-2028

    CAGR of 7.78%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Dominant Region

    North America accounted for the largest market share in 2022.

     

    COVID-19 Impact

    The ongoing COVID-19 pandemic has negatively affected the medical image analysis software industry. Government bodies across the globe are focusing on curbing COVID-19 with stringent measures, such as social distancing, nationwide lockdowns, and large-scale quarantine to prevent the spread of the coronavirus. Due to the outbreak of the coronavirus disease COVID-19, clinic visits were either canceled or postponed, which, in turn, hampered the market growth.

    Key Players

    Key players operating in the global medical image analysis software market are-

    • Koninklijke Philips N.V. (Netherlands)
    • GE Healthcare, Inc. (The US)
    • Siemens Healthineers (Germany)
    • Agfa-Gevaert Group (Belgium)
    • Toshiba Medical Systems Corporation (Japan)
    • Spacelabs Healthcare (The US)
    • MIM Software, Inc. (The US)
    • Aquilab SAS (France)
    • ESAOTE SPA (Italy)
    • Merge Healthcare, Inc. (The US)

    Market Dynamics

    The global medical image analysis software market is driven by several key factors, including:

    • Technological developments in medical imaging systems, as well as analysis software, are prime factors bolstering the market growth.
    • Surging private- and public-sector investments in the medical imaging market further augment the product demand and offer ample growth opportunities to the industry players.
    • The rising usage of imaging equipment owing to the rising prevalence of chronic diseases propels the market growth.
    • Budgetary constraints are likely to hamper market growth.

    Medical Image Analysis Software Market Snapshot

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    Segment Analysis

    End-Use Trends

    The global medical image analysis software market has been segmented into hospitals, ambulatory surgical centers, and specialty clinics.

    • Among these, the hospitals segment garnered the highest market share of >35 % in 2022 and is projected to grow at a healthy CAGR during the forecast timeline.
    • This is mainly ascribed to supportive infrastructure that is crucial in performing surgical interventions using medical imaging software.

    Regional Trends

    North America accounted for the largest market share in 2020 and is estimated to grow at a steady CAGR during the assessment period.

    • This can be attributed to advanced healthcare infrastructure and rising healthcare expenditure in the region are driving the market in North America.
    • Moreover, the presence of well-established healthcare facilities with modern diagnostic equipment coupled with favorable government initiatives to encourage the adoption of healthcare IT, further propels regional growth.

    Medical Image Analysis Software Market Region

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    Segmentation

    This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The global Medical Image Analysis Software market is segmented into the following categories.

    By Type

    • Integrated Software
    • Stand-alone Software

    By Modality

    • Tomography
      • Computed Tomography
      • Magnetic Resonance Imaging
      • Positron Emission Tomography
      • Single-Photon Emission Tomography
    • Ultrasound Imaging
    • Radiographic Imaging
    • Combined Modalities

    By Imaging Type

    • 2D Imaging
    • 3D Imaging
    • 4D Imaging

    By Application

    • Orthopedic
    • Dental
    • Neurology
    • Cardiology
    • Oncology
    • Obstetrics & Gynecology
    • Mammography
    • Urology & Nephrology

    By End-Use

    • Hospitals
    • Diagnostic Centers
    • Ambulatory Surgical Centers
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the global medical image analysis software market.

    How lucrative is the future?

    The market forecast and trend data and emerging trends.

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts.

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast.

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis.

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, and Life cycle analysis.

    What are the factors affecting the market?

    Drivers & challenges.

    Will I get the information on my specific requirements?

    10% free customization.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Report Customization

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research

    Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Medical imaging is referred to as a process of creating a visual portrayal of a body for clinical analysis and medical intervention. The scanning software develops images that are stored in the computers memory and are later analyzed. The analysis is a process to enhance the quality of images and the quantitative aspects. The analysis is carried out using a computer-aided diagnosis and data-driven optimized image registration and segmentation.

    The global market is expected to grow from US$ 3.24 billion in 2022 to US$ 5.08 billion by 2028.

    The market is expected to grow at a CAGR of 7.78 % during the forecast period of 2023-2028.

    Some of the major players in the global market are- Koninklijke Philips N.V. (Netherlands), GE Healthcare, Inc. (The US), Siemens Healthineers (Germany), Agfa-Gevaert Group (Belgium), Toshiba Medical Systems Corporation (Japan), Spacelabs Healthcare (The US), MIM Software, Inc. (The US), Aquilab SAS (France), ESAOTE SPA (Italy), and Merge Healthcare, Inc. (The US).

    North America accounted for the largest market share in 2022 and is estimated to grow at a steady CAGR during the assessment period.