Medical Image Analysis Software Market by Type, Images, Modality, Application, End User - Global Forecasts to 2022

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26 Sep, 2017, 18:00 BST

DUBLIN, September 26, 2017 /PRNewswire/ --

The "Medical Image Analysis Software Market by Type, Images, Modality, Application, End User - Global Forecasts to 2022" report has been added to Research and Markets' offering.

The medical image analysis software market is expected to reach USD 3.88 Billion by 2022 from USD 2.61 Billion in 2017, at a CAGR of 8.2% during the forecast period

A number of factors such as technological advancements in medical imaging systems & analysis software, growing public- and private-sector investments in the medical imaging market, increasing use of imaging equipment due to rising prevalence of chronic diseases, fusion of imaging technologies, and growing applications of computer-aided diagnosis are driving the demand for medical image analysis software. On the other hand, the budgetary constraints among end users are the factor that may hinder the overall growth of this market.

This report segments the medical image analysis software market into type, image type, modality, application, end user, and region. On the basis of type, the market is segmented into integrated and standalone software. In 2017, the standalone software segment is expected to account for the largest share of the market. This segment offers high flexibility and easy-to-use tools to inspect, evaluate, and process imaging data.

By application, the medical image analysis software market is segmented into orthopedics, dental applications, neurology, cardiology, oncology, obstetrics & gynecology, mammography, respiratory applications, and urology & nephrology. The cardiology segment is expected to grow at the highest CAGR during the forecast period. The large share of this segment can primarily be attributed to factors such as increasing innovations in cardiac imaging technologies and the growing number of cardiac imaging tests due to the rising incidence of cardiac disorders.

In 2017, North America is expected to dominate the medical image analysis software market. Factors such as growing geriatric population, high incidence/prevalence of various diseases, the large number of imaging centers in this region, ongoing research, fast adoption of technologically advanced imaging systems, and increasing awareness about the benefits of early disease diagnosis are some of the key factors driving the growth in this region.

Budgetary constraints among end users are a major factor restraining the growth of the global market.

Market Dynamics

Drivers

  • Technological Advancements in Medical Imaging Systems and Analysis Software
  • Growing Public- and Private-Sector Investments in the Medical Imaging Market
  • Increasing Usage of Imaging Equipment Due to Rising Prevalence of Chronic Diseases
  • Fusion of Imaging Technologies
  • Growing Applications of Computer-Aided Diagnosis

Restraints

  • Budgetary Constraints

Opportunities

  • Artificial Intelligence in Medical Image Analysis Software
  • Cloud-Based Image Analysis Solutions
  • Untapped Emerging Markets

Challenges

  • Market Penetration of Standalone Software Vendors
  • Hacking-Related Risks Associated With the Use of Imaging Equipment and Software
  • Dearth of Skilled Professionals

Companies Mentioned

  • AGFA Healthcare (Belgium)
  • AnalyzeDirect Inc. (U.S.)
  • Aquilab (France)
  • Bruker Corporation (US)
  • Carestream Health Inc. (US)
  • Dentsply Sirona (US)
  • eMedica (Spain)
  • Esaote S.p.A (Italy)
  • GE Healthcare (US)
  • Image Analysis (UK)
  • Imaging Biometrics LLC. (US)
  • INFINITT Healthcare Co Ltd. (South Korea)
  • Medis medical imaging systems bv (The Netherlands)
  • Merge Healthcare Inc. (US)
  • MeVis Medical Solutions AG (Germany)
  • MIM Software Inc. (US)
  • Mirada Medical Limited (UK)
  • Neusoft Corporation (China)
  • Philips Healthcare (Netherlands)
  • Planmeca Oy (Finland)
  • ScienceSoft USA Corporation (US)
  • Siemens AG (Germany)
  • Soredex (Finland)
  • Toshiba Medical Systems Corporation (Toshiba Corporation) (Japan)
  • Xinapse Systems Ltd (UK)

For more information about this report visit https://www.researchandmarkets.com/research/hdpvms/medical_image

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