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Global Medical Image Analysis Software Market (2021 to 2029) - Capability to Obtain Clinical Workflow and Provision of Single Point Access Drives Growth - ResearchAndMarkets.com

·4-min read

The "Medical Image Analysis Software Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029" report has been added to ResearchAndMarkets.com's offering.

The medical image analysis software market is set to grow from $2881.7 million in 2020 to 4,950.1 million in 2029 expanding at a compounded annual growth rate of 8.1% during the forecast period from 2021 to 2029.

Companies Mentioned

  • Aquilab GmbH

  • Agfa-Gevaert Corporation

  • Bruker Corporation

  • Carestream Health Inc.

  • GE Healthcare

  • MIM Software Inc.

  • Philips Healthcare

  • Siemens Healthineers

  • Toshiba Medical Systems Corporation

  • Xinapse Systems Ltd.

Capability to obtain clinical workflow and provision of single point access drive the integrated software solutions market growth.

Integrated software solutions are leading the type segment for medical image analysis software market. The chief attributes that corroborates to its positive growth are provision of single point access to clinical applications and capability to obtain streamline clinical workflow. Standalone software solutions are very popular owing to its significant adoption rate in multispecialty clinics and hospitals due to low maintenance cost incurred.

Rapid advancement in clinical radiology and cost effective diagnostic procedure drive the radiographic imaging market growth

Radiographic imaging technique is leading the modality segment for medical image analysis software market. Cost effective diagnostic procedure and rampant advancement in clinical radiology drive the radiographic imaging market growth. Ultrasound imaging techniques has gained tremendous attention among healthcare professionals owing to its positive inherent features such as high accuracy, rapid analysis and is considered relatively safe due to lack of ionizing radiation exposure.

Rising prevalence of musculoskeletal disorders worldwide and vital requirement of accurate diagnosis of soft tissue damage drive the orthopedic applications market growth

Orthopedics are reigning the applications segment for medical image analysis software market. Vital requirement of accurate diagnosis of soft tissue damage and rising prevalence of musculoskeletal disorders together drive the orthopedic applications market growth. Cardiology and oncology will exhibit linear growth on account of increasing number of patients suffering with chronic ailments such as cardiovascular complications and cancer. Rising demand for computer aided minimally invasive surgical procedures due to due to improved visualization of atherosclerotic plaques and cancerous tumor respectively.

Soaring adoption rate of new technology and increasing healthcare expenditure drive the market growth in North America

North America with a share of 32% is the largest regional segment for medical image analysis software market. The factors providing impetus to the medical image analysis software market growth in North America are significant rise in the adoption rate of new technology and increasing healthcare expenditure. Existence of Major IT healthcare companies such as GE Healthcare, Philips Healthcare, MIM Software, Inc., etc. further consolidate the market growth in North America region. Europe represents 29% market share owing to the stringent sanctions imposed by European Medical Agency (EMA) related to effective diagnoses of chronic diseases and increasing funds provided to the research and development segment to provide technical innovative software pertaining to medical image analysis. Asia Pacific currently holds 20% share and serves as a lucrative market opportunity for key players to establish subsidiaries in collaboration with local IT companies and increasing medical tourism.

Key questions answered in this report

  • Which major IT healthcare companies are providing medical image analysis software solutions?

  • Which major software solutions are being opted by hospitals, clinics and research academia worldwide?

  • Which factors contributes to the supremacy of integrated software solutions?

  • What will be the market performance of ultrasound imaging modality in the near future?

  • What is the prevalence rate of chronic ailments pertaining to orthopedics, cardiology and oncology?

  • What will be the market size and CAGR of emerging economies such as Asia Pacific, Latin America and MEA region?

Key Topics Covered:

Chapter 1. Preface

Chapter 2. Executive Summary

Chapter 3. Medical Image Analysis Software (MIAS) Market: Dynamics and Future Outlook

3.1. Market Overview

3.2. Drivers

3.3. Challenges

3.4. Opportunities

3.5. Attractive Investment Proposition, by Geography, 2020

3.6. Competitive Analysis: Global MIAS Market, by Key Players, 2020

Chapter 4. Global Medical Image Analysis Software (MIAS) Market, by Type

Chapter 5. Global Medical Image Analysis Software (MIAS) Market, by Modality

Chapter 6. Global Medical Image Analysis Software (MIAS) Market, by Application

Chapter 7. Global Medical Image Analysis Software (MIAS) Market, by Geography

Chapter 8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/y4qum5

View source version on businesswire.com: https://www.businesswire.com/news/home/20210604005396/en/

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