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Global Medical Image Analysis Software Market 2020-2024| 8% CAGR Projection Over the Next Five Years| Technavio

The medical image analysis software market size is poised to grow at a CAGR of almost 8% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report

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Technavio announced its latest market research report titled global medical image analysis software market 2020-2024. (Graphic: Business Wire)

In the last decade, the capabilities of medical imaging have increased considerably due to advanced research and technological evolution. Open and portable MRIs, diagnostic machinery supported by big data and analytics, and the advent of 3D technologies in diagnostic radiology are some of the latest advances that have increased the capabilities of medical imaging systems. These developments have led to an increase in the adoption of medical imaging which in turn has led to a proportionate increase in the demand for medical image analysis software. Hence, the advances in the field of medical imaging are expected to further drive the growth of the medical image analysis software market during the forecast period.

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As per Technavio, the growing applications of computer-aided diagnosis will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.

Medical Image Analysis Software Market: Growing Applications of Computer-Aided Diagnosis

Medical images taken with low energy to reduce the harmful effects of IR on the body are of relatively bad quality and hence are difficult to interpret. This has led to the wide adoption of computer-aided diagnosis (CAD) technology, which helps radiologists interpret medical images, such as mammography, X-rays, ultrasound, and MRIs. CAD systems not only make the imaging process more efficient but also address different steps of the imaging process, including preprocessing, segmentation, feature extraction, and classification. Thus, the growing use of CAD is expected to improve the safety, accuracy and efficiency of medical imaging.

"Other factors such as the growing popularity of cloud-based image analysis solutions, and the increasing use of artificial intelligence (AI) in medical imaging field will have a significant impact on the growth of the medical image analysis software market value during the forecast period," says a senior analyst at Technavio.

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Medical Image Analysis Software Market: Segmentation Analysis

This market research report segments the medical image analysis software market geography (APAC, Europe, MEA, North America, and South America) and type (integrated and standalone).

The North American region led the market in 2019, followed by APAC, Europe, South America, and MEA respectively. The growth of the medical image analysis software market share in North America can be attributed to factors such as the growing geriatric population and the increasing prevalence of various chronic diseases in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200110005340/en/


Technavio Research
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