Medical Image Management Market Worth $5.78 Billion by 2021 - Government Initiatives to Encourage EMR Adoption are Driving Growth - Research and Markets
DUBLIN, October 17, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Medical Image Management Market by Product, VNA & End user - Forecasts to 2021" report to their offering.
The medical image management market in terms of value is expected to reach USD 5.78 billion by 2021 from USD 4.22 billion in 2016, growing at a CAGR of 6.5% from 2016 to 2021. This market is categorized on the basis of product, end user, and region.
Major factors contributing to the growth of the medical image management market include technological advancements in diagnostic imaging modalities and image management solutions, growing investments in the medical imaging market, increasing usage of imaging equipment, rapid growth in geriatric imaging volumes, growing adoption of Vendor Neutral Archive (VNA), growing adoption of image management systems by small hospitals and imaging centers and rapidly growing big data in healthcare.
Government initiatives to encourage EMR adoption also provide an impetus for the growth of this market. For instance, in July 2010, the U.S. federal government introduced the "Meaningful Use legislation" (Stage 1) to encourage the adoption of Electronic Health Records with the Centers for Medicare and Medicaid Services (CMS) having specific guidelines in a stage wise manner in a stage-wise manner for the implementation of EHR. The MU stage 2 has mandated that EMRs should include access to imaging data. These mandates demand higher-quality patient data management, greater transparency, and access to patient data inclusive of medical images.
The implementation of such standards in turn is expected to drive the adoption of standards-based image management solutions. Integration of picture archiving and communication system (PACS)/ Vendor Neutral Archive (VNA) with electronic health record (EMR) and Enterprise content management (ECM) and increasing consolidation in healthcare have opened an array of opportunities for the medical image management market. However, factors such as a longer product lifecycle of VNAs and budgetary constraints and may restrain the growth of this market.
Companies Mentioned:
- AGFA-Gevaert Group Bridgehead Software
- Carestream Health, Inc.
- Fujifilm Holdings Corporation
- General Electric (GE) Company
- Mckesson Corporation
- Merge Healthcare Incorporated
- Novarad Corporation
- Philips Healthcare
- Siemens Healthcare
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Medical Image Management Market, By Product
7 Medical Image Management Market, By End User
8 Medical Image Management Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/wmbcjz/medical_image
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