U.S. markets open in 8 hours 27 minutes
  • S&P Futures

    4,020.25
    +15.50 (+0.39%)
     
  • Dow Futures

    32,245.00
    +86.00 (+0.27%)
     
  • Nasdaq Futures

    12,325.50
    +80.75 (+0.66%)
     
  • Russell 2000 Futures

    1,790.70
    +8.30 (+0.47%)
     
  • Crude Oil

    113.72
    -0.48 (-0.42%)
     
  • Gold

    1,822.90
    +8.90 (+0.49%)
     
  • Silver

    21.60
    +0.05 (+0.25%)
     
  • EUR/USD

    1.0446
    +0.0008 (+0.07%)
     
  • 10-Yr Bond

    2.8770
    0.0000 (0.00%)
     
  • Vix

    27.47
    -1.40 (-4.85%)
     
  • GBP/USD

    1.2346
    +0.0022 (+0.18%)
     
  • USD/JPY

    129.4000
    +0.3470 (+0.27%)
     
  • BTC-USD

    30,361.62
    +20.63 (+0.07%)
     
  • CMC Crypto 200

    682.12
    +439.44 (+181.08%)
     
  • FTSE 100

    7,464.80
    +46.65 (+0.63%)
     
  • Nikkei 225

    26,619.26
    +72.21 (+0.27%)
     

Global Medical Image Analysis Software Market Size Expected to Reach Over USD 5.97 Billion by 2028: Vantage Market Research

·9 min read

WASHINGTON, Jan. 17, 2022 (GLOBE NEWSWIRE) -- The Global Medical Image Analysis Software Market size is expected to reach over USD 5.97 Billion by 2028, exhibiting a CAGR of 7.9% during the forecast period.

Market Synopsis

Rise in diagnostic imaging software demand in areas such as orthopaedics, urology, dental, oncology, and neurology is expected to contribute to market growth. Increasing ultrasound imaging systems adoption to facilitate fast diagnosis, especially of chronic diseases, is likely to propel demand, states Vantage Market Research, in a report, titled “Medical Image Analysis Software Market by Type (Integrated Software, Standalone Software), by Image Type (2D Imaging, 3D Imaging, 4D Imaging), by Application (Orthopedics, Dental Application, Neurology, Cardiology), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.

Click Here To Access The Free Sample Report @ https://www.vantagemarketresearch.com/medical-image-analysis-software-market-1148/request-sample

(The Free Sample Of This Report Is Readily Available On Request).

Our Free Sample Reports Includes:

  • In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.

  • Impact Analysis 160+ Pages Research Report (Including latest research)

  • Provide chapter-wise guidance on request 2021 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.

  • Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using VMR research methodology.

(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)

List Of Prominent Players in the Medical Image Analysis Software Market:

  • AQUILAB (France)

  • AGFA Healthcare (Belgium)

  • Carestream Health, Inc. (US)

  • Esaote S.p.A (Italy)

  • INFINITT Healthcare Co, Ltd. (South Korea)

  • GE Healthcare (US)

  • Image Analysis (UK)

  • MIM Software Inc. (US)

  • Merge Healthcare, Inc. (US)

  • Mirada Medical Limited (UK)

  • ScienceSoft USA Corporation (US)

  • Philips Healthcare (Netherlands)

  • Siemens Healthineers (Germany)

  • Xinapse Systems Ltd. (UK)

  • Toshiba Medical Systems Corporation (Japan)

Market Dynamics:

Driver: Increasing Applications of CAD

Computer-aided diagnosis (CAD) is looking forward to provide a data interpretation method by means a software which is computerized. CAD integrates computer vision, image processing, physics, statistics, and mathematics into computerized techniques which assist radiologists in decision-making and analysing processes. Image analysis through Computer-aided diagnosis involves image improvement, image feature extraction, and initial detection including segmentation. This assists radiologists to decrease errors in data interpretation which can occur manually and also aids in the abnormalities diagnosis that are often forgotten during analysis processes manually. This technique was used initially for mammographic image analysis; but its applications have now expanded to the analysis and detection of lung, liver, colon, and prostate cancer. Hence, the increasing usage of CAD technology is likely to boost the image analysis software market growth.

Restraint: High Cost

The cost related to imaging equipment is high, and with the high licensing and implementation cost of software, is the key factor restraining the growth of the market, particularly, in nations where the reimbursement scenario is bad. For instance, healthcare facilities mostly, such as diagnostic centers and hospitals, in developing nations cannot afford these systems owing to their high maintenance and installation costs. Owing to the low financial resources and high cost of systems, healthcare providers in developing nations are reluctant to invest in technologically advanced systems. Furthermore, the subscription/licensing and implementation fees for advanced imaging tools is a key financial burden on end users.

Purchase This Premium Report To Access Full Information (Get 20% Discount) @ https://www.vantagemarketresearch.com/buy-now/medical-image-analysis-software-market-1148/1

Regional Trends

North America projected to hold largest share in 2021. This is owing to the presence of healthcare facilities well-established with favourable government initiatives and advanced diagnostic equipment to support adoption of healthcare IT. Additionally, factors like presence of key market players and increasing R&D investments in this region are facilitating toward market growth.

Asia Pacific is likely to exhibit lucrative growth in the forecast period due to rising medical image analysis software adoption by healthcare experts. Increasing awareness pertaining to the benefits of these systems is a major factor anticipated to propel the market growth.

Recent Developments

  • Hospitals to hold the significant share: Hospitals dominated the market share. One of the major factors for the growth is supportive infrastructure, it is crucial in surgical interventions using this medical imaging software. When compared to diagnostic and research centers, the installed base of diagnostic imaging solutions and systems is higher in hospitals. Additionally, patient inflow is relatively much bigger. This continues the end-use segment to be in the lead. Furthermore, suitable reimbursement governments initiatives globally have resulted in greater volume surgery, thereby boosting demand.

  • Cardiology accounted for substantial share: Due to the rising prevalence of congenital and cardiovascular heart diseases and increasing government support to enhance the accessibility of treatments. The mammography and oncology segments are likely to witness substantial growth in the forecast period as prevalence of cancer is rising at an alarming rate. All of this is expected to result in a rising demand for diagnostic solutions in the coming years.

Benefits of Purchasing Medical Image Analysis Software Market Reports:

  • Customer Satisfaction: Our team of experts assists you with all your research needs and optimizes your reports.

  • Analyst Support: Before or after purchasing the report, ask a professional analyst to address your questions.

  • Assured Quality: Focuses on accuracy and quality of reports.

  • Incomparable Skills: Analysts provide in-depth insights into reports.

The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Medical Image Analysis Software Market. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:

  1. Impact Assessment of COVID-19 Pandemic

    1. North America

    2. Europe

    3. Asia Pacific

    4. Latin America

    5. Middle East & Africa

  2. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021

  3. Key Strategies Undertaken by Companies to Tackle COVID-19

  4. Long Term Dynamics

  5. Short Term Dynamics

Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/medical-image-analysis-software-market-1148

The report on Medical Image Analysis Software Market highlights:

  • Assessment of the market

  • Premium Insights

  • Competitive Landscape

  • COVID Impact Analysis

  • Historic Data, Estimates and Forecast

  • Company Profiles

  • Global and Regional Dynamics

Key questions answered in the report:

  • Which regional market will show the highest and rapid growth?

  • Which are the top five players of the Medical Image Analysis Software Market?

  • How will the Medical Image Analysis Software Market change in the upcoming six years?

  • Which application and product will take a lion’s share of the Medical Image Analysis Software Market?

  • What are the Medical Image Analysis Software market drivers and restrictions?

  • What will be the CAGR and size of the Medical Image Analysis Software Market throughout the forecast period?

This market titled “Medical Image Analysis Software Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:

Report Attribute

Details

Market Size in 2021

USD 3.52 Billion

Projected Market Size in 2028

USD 5.97 Billion

CAGR Growth Rate

CAGR of 7.9% from 2022–2028

Base Year

2021

Historic Years

2016 – 2020

Forecast Years

2022 – 2028

Segments Covered

Type: - Integrated Software, Standalone Software

Image Type: - 2D Imaging, 3D Imaging, 4D Imaging

Application: - Orthopaedics, Dental Application, Neurology

Region: - North America, Europe, Asia Pacific

Quantitative Data - Units

Revenue in USD Million/Billion and CAGR from 2022 to 2028

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Browse market data Tables and Figures spread through Pages and in-depth TOC on "Medical Image Analysis Software Market by Type (Integrated Software, Standalone Software), by Image Type (2D Imaging, 3D Imaging, 4D Imaging), by Application (Orthopedics, Dental Application, Neurology, Cardiology), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Table of Content here – https://www.vantagemarketresearch.com/press-release/medical-image-analysis-software-market-353545

Customization of the Report:

The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

Browse More Related Report:

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.

Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/

Follow Us on Twitter: https://twitter.com/vantagemarketr

Contact us

Eric Kunz

6218 Georgia Avenue NW Ste 1 - 564

Washington DC 20011-5125

United States Tel: +1 202 380 9727

Email: sales@vantagemarketresearch.com

Website: https://www.vantagemarketresearch.com/

Latest Vantage Market Research Press Releases @ https://www.vantagemarketresearch.com/insight/press-releases

Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs

Blog: