About Medical Imaging Informatics
Medical imaging informatics has become a predominant tool in picture archiving and communication system (PACS) and radiology information system (RIS) to deal with the current workload. Nowadays, medical imaging informatics is used in cardiology, dermatology, pathology, and surgery which have adopted the use of digital images. Furthermore, medical imaging informatics teleconsultation has several advantages such as online consultation among doctors over medical records and knowledge sharing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Latin America |
Unit | Value (USD Million) |
CAGR | 5.9% |
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. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Medical Imaging Informatics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Intuitive Imaging Informatics (United States), Carestream Health(United States), Esaote (Italy), Lexmark (United States), McKesson Corporation(United States), Agfa-Gevaert (Belgium), Toshiba Medical Systems Corporation (Spain), Koninklijke Philips N.V. (Netherlands), Siemens (Germany) and General Electric Company (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Onex Corporation (Canada), Mach7 Technologies (United States) and Dell (United States).
Segmentation Overview
AMA Research has segmented the market of Global Medical Imaging Informatics market by Type (Digital Radiography, Ultrasound, MRI, CT, Nuclear Imaging and Mammography) and Region.
On the basis of Type, Ultrasound are dominating the market in the year 2023On the basis of application, Hospital segment is dominating the market in the year 2023On the basis of geography, the market of Medical Imaging Informatics 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). Asia Pacific region held largest market share in the year 2023. If we see Market by Energy Sources, the sub-segment i.e. Light will boost the Medical Imaging Informatics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Functionality, the sub-segment i.e. Image generation will boost the Medical Imaging Informatics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Medical Imaging Informatics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in R&D investments in the region and improving healthcare infrastructure and Recent advancements in the medical imaging informatics market have enabled clinicians (radiologists and other physicians) to effectively manage patients’ documented information.
Market Growth Drivers:
High prevalence of chronic diseases and growth in the geriatric population, The rise in the number of diagnostic imaging procedures, owing to the frequent use of digital radiography systems in the healthcare facilities and Increase in investments to improve the health care system
Challenges:
The entrance of the new players in the market
Restraints:
High costs of medical imaging procedures
Opportunities:
Government funding to screening various diseases and growing research for diseases and demand is increasing from Asia-Pacific regions
Market Leaders and their expansionary development strategies
In August 2023, CitiusTech Healthcare Technology Pvt. Ltd., a leading provider of healthcare technology services, solutions, and platforms, today announced its partnership with Radical Imaging LLC, a pioneer in medical imaging informatics, interoperability, and integrations, to offer comprehensive services for both companies to support development projects built on the Open Health Imaging Foundation (OHIF) open-source web imaging platform.
In November 2023, Royal Philips launched Radiologists looking for solutions to improve the performance of their departments and help patients with optimized workflows, shorter procedure times, and user-friendly operations. With 45% of radiologists reporting symptoms of burnout, Philips’ innovations across diagnostic imaging and enterprise informatics are focused on freeing up time for clinical staff through enhanced workflows and improved efficiency.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Medical Imaging Informatics Providers, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.