What is Medical Image Analysis Software Market?
In the medical image analysis, the medical conditions and health issues are analyzed by various imaging modalities making medical image analysis software a core component of diagnostic machines that enhance and identify certain features of an image. Medical image analysis is referred as Software that can analyze data that is obtained from medical images is known as medical image analysis software. Analysis can take the form of aiding diagnosis, comparing images between patients or within the same patient at different time points to assess the progress of the disease, and evaluating prognosis. In conjunction with the improvement in imaging technology, great strides are being made with regards to the analytic ability of medical imaging software, in the effort to create software capable of independently detecting clinical anomalies in medical images.
The market study is being classified by Type (Integrated Software and Standalone Software), by Application (Orthopedics, Dental Applicationa, Neurology, Cardiology, Oncology, Obstetrics and Gynecology, Mammography and Respiratory Applications) and major geographies with country level break-up.
Mirada Medical Limited (United Kingdom), Philips Healthcare (Netherlands), ScienceSoft USA Corporation (United States), Siemens Healthineers (Germany), Toshiba Medical Systems Corporation (Japan), AGFA Healthcare (Belgium), AQUILAB (France), Carestream Health, Inc. (United States), Esaote S.p.A (Italy) and GE Healthcare (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Image Analysis (United Kingdom), INFINITT Healthcare Co, Ltd. (South Korea), Merge Healthcare, Inc. (United States) and MIM Software Inc. (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Medical Image Analysis Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Medical Image Analysis Software market by Type, Application and Region.
On the basis of geography, the market of Medical Image Analysis Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Technological Advancements in Medical Imaging Systems and Analysis Software
- Increasing use of CT-guided diagnosis and intervention
- The rise in both patient and physician exposure to radiation
- Increasing Usage of Imaging Equipment Due to Rising Prevalence of Chronic Diseases
Market Trend
- The cloud-based model has emerged as an effective solution to deliver image analysis software
Restraints
- The adverse outcomes related to accidental malfunctioning down and hacking makes medical services experts hesitant to introduce IT arrangements
Opportunities
- Artificial Intelligence in Medical Image Analysis Software
Challenges
- Hacking-Related Risks Associated With the Use of Imaging Equipment and Software
In April 2019 Mirada Medical Limited Mirada Medical, a world-driving clinical imaging programming organization has reported another USD 6 million venture drove by private value medical services trained professionals, Apposite Capital. The investment will uphold Mirada's advancement of artificial intelligence-based programming for speeding up and exactness of malignant growth treatment arranging applications while conveying a more customized level of care to patients. Apposite has contributed close by Mirada's establishing financial specialist, AlbionVC, and other private speculators.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Medical Image Analysis Software Developer, Government Regulatory and Research Organizations and End-Use Industry