Industry Background:
Increasing the incidence of chronic diseases creates a demand for effective diagnostics solutions, which spurs demand for medical image analysis software. Medical imaging is a science that solves and analyses the medical conditions of the patients on the basis of digital image analysis techniques. .It’s basically a technology that creates the visual representation of the human interior body which reveals the internal structures of the organs as well as the function of some organs or tissues which helps in the diagnosis and treatment of the diseases.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | AGFA Healthcare (Belgium), AQUILAB (France), Carestream Health, Inc. (United States), Esaote S.p.A (Italy), GE Healthcare (United States), Image Analysis (United Kingdom), INFINITT Healthcare Co, Ltd. (South Korea), Merge Healthcare, Inc. (United States), MIM Software Inc. (United States) and Mirada Medical Limited (United Kingdom) |
According to AMA, the market for Medical Image Processing Software is expected to register a CAGR of 7.8% during the forecast period to 2030. This growth is primarily driven by Technological Advancements in Medical Imaging Systems and Analysis Software and Growing Public- and Private-Sector Investments in the Medical Imaging Market.
Globally, a noticeable market trend is evident Increasing Usage of Imaging Equipment Due to Rising Prevalence of Chronic Diseases
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as AGFA Healthcare (Belgium), AQUILAB (France), Carestream Health, Inc. (United States), Esaote S.p.A (Italy), GE Healthcare (United States), Image Analysis (United Kingdom), INFINITT Healthcare Co, Ltd. (South Korea), Merge Healthcare, Inc. (United States), MIM Software Inc. (United States) and Mirada Medical Limited (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Key Developments in the Market:
In January 2023, Canon Medical Systems USA Inc., entered into a partnership with ScImage, Inc. Sclmage provides Cloud-native enterprise image management, PACS and image exchange solutions for the healthcare industry, based out of Los Altos, CA.
In January 2023, Bruker Corporation acquired ACQUIFER Imaging GmbH, which will expand its portfolio to include big data management and high-content screening solutions for bioimaging applications.
Influencing Trend:
Increasing Usage of Imaging Equipment Due to Rising Prevalence of Chronic Diseases, Fusion of Imaging Technologies and Growing Applications of Computer-Aided Diagnosis
Market Growth Drivers:
Technological Advancements in Medical Imaging Systems and Analysis Software and Growing Public- and Private-Sector Investments in the Medical Imaging Market
Challenges:
Market Penetration of Standalone Software Vendors, Hacking-Related Risks Associated With the Use of Imaging Equipment and Software and Dearth of Skilled Professionals
Restraints:
Budgetary Constraints
Opportunities:
Artificial Intelligence in Medical Image Analysis Software, Cloud-Based Image Analysis Solutions and Untapped Emerging Markets
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Medical Image Processing Software Market
- Analysis about New Entrants in Medical Image Processing Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Medical Image Processing Software Study Sheds Light on
The Medical Image Processing Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Medical Image Processing Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical Image Processing Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.