Global Medical Image Analysis Software Market Anticipated to Surpass Valuation of US$4,668.8 mn by 2024 End

Published on : Apr 30, 2018

Albany, New York, April 30, 2018: Today, digital imaging systems are widely used by doctors across the world to detect and treat diseases. With the growing advancements in healthcare industry, software-controlled medical imaging is encouraging never-achieved efficiency of medical image analysis in the coming years and the market for the same is bourgeoning. To elaborate further, Market Research Hub (MRH) has publicized a new study titled “Medical Image Analysis Software Market - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2017 – 2024” to its vast online repository. The study offers a complete outlook on global medical image analysis software market’s evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn).

Furthermore, the geographical segmentation is also encompassed in the report which analyzes the scope of the market in different regions including North America, Europe, the Asia Pacific, Latin America, Japan and the Middle East and Africa. It has been observed in the study that improving healthcare infrastructure across the world has given significant impetus to the medical image analysis software market. As per the study assumptions, the demand in the global medical image analysis software market will expand at healthy CAGR of 8.34% during the forecast period of 2017 to 2024. Revenue-wise, the analyst of the report has projected that there will be opportunities worth US$4,668.8 mn in the market for software for medical image analysis across the globe by the end of 2024.

Factors Fueling Market Growth

•    Some of the key factors driving the medical image analysis software market are growing investments into the field of medical imaging by government and private agencies, prevalence of several chronic diseases such as cancer and CVDs, and growing application of computer-aided diagnostic methods.

•    It has been observed that advent of 4D imaging technique is expected to be a boon for the medical image analysis software market. The 4D imaging provides detailed information about the temporal and spatial evolution of 3D blood flow with full volumetric coverage of any cardiac region.

•    Most importantly, escalating percentage of geriatric will continue to provide for greater demands in the near future. In terms of geography, North America and Europe generated a demand for the software in 2017.

For the better understanding, the report has segmented the market for the medical image analysis software on the basis of software type (standalone and integrated), imaging type (2D, 3D, and 4D), modality (radiographic imaging, ultrasound, PET, SPECT, MRI, and CT), application (orthopedic, neurology, cardiology, oncology, nephrology, gynecology, dental, and others), and end users (research and academic institutes, clinics, hospitals, diagnostic centers, and ambulatory surgical centers).

As the report concludes, the profiles of major players in the medical image analysis software market are targeted. At present, key players in the market include MIM Software Inc., GE Healthcare, ScienceSoft USA Corp., Siemens Healthineers, Pie Medical Imaging, Agfa-Gevaert N.V., Hologic Inc., Media Cybernetics, Inc., AQUILAB, Merge Healthcare Incorporated., and others.

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