Medical Image Management Market to be Worth $7.22 Billion by 2030 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®

REDDING, Calif., Jan. 10, 2023 /PRNewswire/ -- According to a new market research report titled, 'Medical Image Management Market by Product {PACS [Departmental (Radiology, Cardiology), Enterprise], VNA [(On-Premise, Hybrid, Cloud), (Independent, PACS Vendor)], AICA, Universal Viewer}, End User (Hospital, Diagnostic Center) - Global Forecast to 2030,' published by Meticulous Research^®, the medical image management market is projected to reach $7.22 billion by 2030, at a CAGR of 7.6% from 2023 to 2030.

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The increasing investments in medical imaging technologies contribute to the growth of this market. Factors driving investments in medical imaging technologies include efforts by government bodies to modernize imaging facilities & research, the proliferation of diagnostic imaging centers, the rising global geriatric population & associated growth in the incidence of chronic diseases, including cancer, and technological advancements in diagnostic imaging modalities. For instance, in October 2021, DeepSight Technology, Inc. (U.S.) announced raising USD 25 million in Series A funding. DeepSight Technology aims to enhance non-invasive & invasive medical imaging for multiple diagnostic procedures company plans to use the funds to advance its medical imaging technology platform and scale its business.

Additionally, the integration of PACS & VNA with EMR creates an opportunity for market growth. As medical images are an important part of the EHR, it is important to converge image data from PACS into EHR, as integrating diagnostic images into the medical record is a significant component of the documentation and information supporting the clinical decision-making process. Large health systems have different EMRs and different imaging solutions across many departments. Integrating images and having them in one repository is in high demand. Increasing demand for collaborative and patient-centered care is an opportunity for the VNA & PACS medical image management solutions.

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The global medical image management market is segmented by product (picture archive communication System (PACS), Vendor Neutral Archive (VNA), Application-independent Clinical Archives (AICA), Enterprise/Universal Viewers), End User (Hospitals, Diagnostic Imaging Centers, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.

Based on product, the VNA segment is projected to register the highest CAGR during the forecast period. Based on procurement model, the VNA segment is divided into departmental VNA and enterprise VNA. The enterprise VNA segment is expected to account for the largest share of the market in 2023. Enterprise VNA covers multiple sites, typically for covering all the imaging data from multiple systems, departments, facilities, and vendors, into a centralized clinical data foundation. It consolidates medical image data from multiple imaging departments into a master directory and corresponding consolidated storage solution, thus replacing the individual archives associated with departmental PACS. As a result, the enterprise VNA effectively becomes the unified image data repository for the electronic medical record (EMR) system.

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Based on end user, the hospitals segment is projected to register the highest CAGR during the forecast period. The major factor contributing to the growth of this segment is the rising prevalence of chronic diseases leading to early diagnosis for their prevention and the growing adoption of healthcare IT in hospitals.

Based on geography, in 2023, North America is expected to account for the largest share of the global medical image management market, followed by Europe and Asia-Pacific. Asia-Pacific is projected to register the highest CAGR during the forecast period. Major factors contributing to the regional growth are the rise in demand for medical imaging, the increasing government initiatives for healthcare IT implementation and the rising adoption of imaging modalities in departments such as radiology, cardiology, pathology, and mammalogy, among others.

Some of the key players operating in the medical image management market are Novarad Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), INFINITT Healthcare Co., Ltd. (South Korea), Siemens Healthineers AG (Germany), Hyland Software, Inc. (U.S.), Agfa-Gevaert NV (Belgium), GE Healthcare (U.S.), Mach7 Technologies (U.S.), BridgeHead Software Ltd. (U.K.), FUJIFILM Holdings Corporation (Japan), Merative (U.S.), Sectra AB (Sweden), and Change Healthcare Inc. (U.S.).

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Scope of the Report:

Medical Image Management Market, by Product

• Picture Archive Communication System (PACS)
• PACS Market, by Type
• Departmental PACS
• Radiology PACS
• Cardiology PACS
• Mammography PACS
• Traditional Mammography PACS
• Vendor Neutral Mammography PACS
• Other Departmental PACS
• Enterprise PACS
• PACS Market, by Delivery Model
• On-premise PACS
• Web/Cloud-based PACS
• Vendor Neutral Archive (VNA)
• VNA Market, by Delivery Model
• On-premise VNA
• Hybrid VNA
• Web/Cloud-based VNA
• VNA Market, by Procurement Model
• Enterprise VNA
• Multi-departmental VNA
• Multi-site VNA
• Departmental VNA
• VNA Market, by Vendor Type
• PACS Vendors
• Independent Software Vendors
• Infrastructure Vendors
• Application-independent Clinical Archives
• AICA Market, by Vendor Type
• VNA Vendors
• Native AICA Vendors
• Enterprise/Universal Viewers

(Note: Other departmental PACS include pathology, dental, ophthalmology, and orthopedics PACS.)

Medical Image Management Market, by End User

• Hospitals
• Diagnostic Imaging Centers
• Other End Users

(Note: Other end users include ambulatory surgical clinics, universities/education centers, government & non-government organizations, and academic research institutes)

Medical Image Management Market, by Geography

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe (RoE)
• Asia-Pacific (APAC)
• China
• Japan
• India
• Rest of Asia-Pacific (RoAPAC)
• Latin America
• Middle East & Africa

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