Transparency Market Research (TMR) has
published a new report titled, ‘Medical
Image Analysis Software Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2019–2027’. According to the report, the
global medical
image analysis software market was valued at US$ 2.91 Bn in 2018 and is
projected to expand at a CAGR of 8.1%
from 2019 to 2027.
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Overview -
https://www.transparencymarketresearch.com/medical-image-analysis-software-market-2018-2026.html
Overview
·
Medical
Imaging refers to different technologies that can be used to view anatomical
and physiological process of the human body. Medical imaging is done in order
to diagnose, monitor, or treat medical conditions.
·
Each type
of technology guide us for different functions of our body which are been
studies for treatment. Medical imaging has made interventions of treatment
especially for diseases such as cancer and cardiovascular diseases.
·
Medical
imaging software plays a vital role in capturing of images and creating a
database for the same
Increasing demand for medical imaging to Drive
Market
·
Medical
imaging provides diagnosis of various diseases such as cancer, cardiovascular
diseases, and neurological and gynecological disorders. Undergoing the medical
imaging procedures such as CT, MRI, ultrasound, PET, and SPECT has various
benefits such as early diagnosis of a disease, less need for surgery, fewer
hospital admissions, and reduction in hospital stay.
·
In the
emergency department, medical imaging has shortened the patient’s waiting time.
According to American College of Radiology, the diagnostic imaging industry has
expanded over a decade due to the population being covered under Medicare,
particularly for expensive techniques such as CT, MRI, and PET.
·
According
to NHS England, 39.8 million imaging tests were reported in
England by the end of March 2017, as compared to 37.9
million imaging tests by the end of March 2014. Among
these, 22.6 million tests were radiography, 8.57
million were ultrasound, 4.20 million were CT, and 2.89
million were MRI scan.
·
The
increasing demand for medical imaging is likely to boost the medical imaging
analysis software market during the forecast period.
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Integrated Software Segment to Dominate Market
·
Based on
software type, the global medical image analysis software market has been
divided into integrated software, and standalone software.
·
The
integrated software segment dominated the global medical image analysis
software market in 2018 and the trend is projected to continue
during the forecast period.
·
The
increase in the market share is attributed to rising applications of integrated
software. Integrated software allows interconnecting the databases, thereby
making medical images easily accessible.
3D Imaging to be Highly Lucrative Segment
·
In terms
of imaging type, the global medical image analysis software market has been
classified into 2D imaging, 3D imaging, and 4D imaging.
·
3D
imaging is projected to be the most attractive segment during the forecast
period.
·
Growth of
the segment is attributed to increasing applications of 3D imaging technique
and rising incidence of diseases such as cardiovascular, cancer, neuro and
others. Currently, 3D imaging technique is widely used in imaging modalities
such as CT, MRI, PET, ultrasound, and radiography.
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Cardiology to be Fastest Growing Segment
·
In terms
of application, the global medical image analysis software market has been
classified into cardiology, orthopedic, oncology, neurology, nephrology,
dental, gynecology, and others.
·
Cardiology
is projected to be the fastest growing segment during the forecast period.
·
Growth of
the cardiology segment is attributed to increasing incidence of cardiovascular
cases due to rising obesity and sedentary lifestyle.
North America to Dominate Global Market
·
In terms
of region, the global medical image analysis software market has been segmented
into North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa. North America dominated the global medical image analysis software
market in 2018, followed by Europe.
·
North
America accounted for major share of the global medical image analysis software
market in 2018. Its dominance can be attributed to well-established
health care facilities and reimbursement policy.
·
The
medical image analysis software market in Asia Pacific is anticipated to expand
at a high CAGR from 2019 to 2027. Growth of the
market in the region is driven by favourable reimbursement structure and
approval of medical imaging devices in the emerging nations. The trend is
expected to continue during the forecast period due to increasing incidence of
chronic diseases.
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Competitive
Landscape
·
The
global medical image analysis software market is fragmented in terms of number
of players. Key players in the global market include GE Healthcare,
Siemens Healthineers, Agfa-Gevaert N.V., Hologic Inc., Pie Medical Imaging,
Media Cybernetics, Inc., AQUILAB, MIM Software Inc., Merge Healthcare
Incorporated., and ScienceSoft USA Corporation.
The global medical image analysis software market has been segmented as
follows:
·
Global Medical Image Analysis Software Market, by Software Type
o
Integrated
software type
o
Standalone
software type
·
Global Medical Image Analysis Software Market, by Imaging Type
o
2D
imaging
o
3D
imaging
o
4D
imaging
·
Global Medical Image Analysis Software Market, by Modality
o
CT
o
MRI
o
PET
o
SPECT
o
Ultrasound
o
Radiographic
imaging
o
Other
modalities
·
Global Medical Image Analysis Software Market, by Application
o
Cardiology
o
Orthopaedic
o
Oncology
o
Neurology
o
Nephrology
o
Dental
o
Gynaecology
o
Others
·
Global Medical Image Analysis Software Market, by End-user
o
Hospitals
o
Clinics
o
Research
and Academic Institutes
o
Diagnostic
Centers
o
Ambulatory
Surgical Centers (ASCs)
·
Global Medical Image Analysis Software Market, by Region
o
North
America
§
U.S.
§
Canada
o
Europe
§
Germany
§
U.K.
§
France
§
Italy
§
Spain
§
Rest of Europe
o
Asia
Pacific
§
China
§
India
§
Japan
§
Australia
& New Zealand
§
Rest of
Asia Pacific
o
Latin
America
§
Brazil
§
Mexico
§
Rest of
Latin America
o
Middle
East & Africa
§
GCC
Countries
§
South
Africa
§
Rest of
Middle East & Africa
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