Medical Image Analysis Software Market Report
Global Medical Image Analysis Software Market report is segmented, 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), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global medical image analysis software market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Global Medical Image Analysis Software Market report is segmented, 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 (...
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.
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)
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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 operating in the global medical image analysis software market are-
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.
Based on end-use, the global medical image analysis software market has been segmented into hospitals, ambulatory surgical centres, and specialty clinics.
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.
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.
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The following is a list of the customers that the Medical Image Analysis Software market aims to convert the most:
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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.