• Blog
  • Medical Image Analysis Software Market Report

    Medical Image Analysis Software Market Report

    Medical Image Analysis Software Market Report
    Report code - SRHL295 Delivery - 2 Weeks
    Get Free Sample |
    Play Audio
    Listen
    Global Medical Image Analysis Software Market, Dynamics, and Market Analysis
    See more...

    Impact of COVID-19 on Medical Image Analysis Software Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Medical Image Analysis Software Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Medical Image Analysis Software Market is projected to grow from USD 2.52 billion in 2020 to USD 4.06 billion by 2026 at a CAGR of over 8.3% during the forecast period.

    Figure: Global Medical Image Analysis Software Market Size, 2020-2026 (USD Billion)

    Medical-Image-Analysis-Software-Market-Forecast

    Wish to know more about the study? Click here to get a free sample.

    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.

    Key Players

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

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

    Market Dynamics

    Technological developments in medical imaging systems, as well as analysis software, are prime factors bolstering the market growth. Also, 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. Moreover, the rising usage of imaging equipment owing to the rising prevalence of chronic diseases propels the market growth. However, budgetary constraints are likely to hamper market growth.

    Segment Analysis

    End-Use Trends

    Based on end-use, the global medical image analysis software market has been segmented into hospitals, ambulatory surgical centres, and specialty clinics.

    • Among these, the hospitals segment garnered the highest market share of 36% in 2020 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

    By region, the North America market 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, presence of well-established healthcare facilities with modern diagnostic equipment coupled with favorable government initiatives to encourage adoption of healthcare IT, further propels the regional growth.

    COVID-19 Impact on Global Medical Image Analysis Software Market

    The ongoing COVID-19 pandemic has negatively affected the medical image analysis software industry. Government bodies across the globe are focusing to curb the 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, the clinic visits were either canceled or postponed, which, in turn, hampered the market growth.

    Critical Questions Answered in the Report

    • What are the key trends in the global medical image analysis software 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 global medical image analysis software market?
    • What are the key strategies adopted by the major vendors to lead in the global medical image analysis software market?
    • What is the market share of the top vendors?

    Wish to know more about the study? Regster Here

    Target Audience

    The following is a list of the customers that the Medical Image Analysis Software market aims to convert the most:

    • Medical image analysis software companies
    • Clinics
    • Hospitals
    • Pharmaceutical companies
    • R&D organizations

    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 at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The medical image analysis software market size is expected to reach USD 4.06 billion in the coming years.

    Koninklijke Philips N.V. (Netherlands), GE Healthcare, Inc. (The U.S), Siemens Healthineers (Germany), Agfa-Gevaert Group (Belgium), Toshiba Medical Systems Corporation (Japan), Spacelabs Healthcare (The U.S), MIM Software, Inc. (The U.S), Aquilab SAS (France), ESAOTE SPA (Italy) and Merge Healthcare, Inc. (The U.S) are among the key players in the medical image analysis software market.

    The medical image analysis software market is expected to witness an impressive growth of USD 4.06 billion during the forecast period.

    North America accounted for the largest share in the medical image analysis software market in 2020.

    The hospitals segment is expected to grow with the healthy CAGR in the medical image analysis market during the forecast period.

    Medical image analysis software companies, Clinics, Hospitals, Pharmaceutical companies, R&D organizations are the target audience in the Medical Image Analysis Software Market.

    •