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Recent research: Asia-Pacific's medical image analysis software market is estimated to be growing at a CAGR of 8.31%, to reach USD 0.88 billion by 2021

Recent research: Asia-Pacific's medical image analysis software market is estimated to be growing at a CAGR of 8.31%, to reach USD 0.88 billion by 2021

Asia-Pacific Medical Image Analysis Software Market by Application (Cardiovascular, Neurology, Dental, Urology, Orthopaedics, Oncology, Obstetrics and Gynaecology, and Mammography)

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According to the report, Asia-Pacific Medical Image Analysis Software Market was worth USD 0.59 billion in 2016 and estimated to be growing at a CAGR of 8.31%, to reach USD 0.88 billion by 2021. Medical image analysis refers to the process of examining health related predicaments with the aid of digital image processing technique and several imaging modalities.

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Medical image analysis software is a vital part of the diagnostic technology and is utilized to enhance and detect features of an image. It is used to boost the productivity and effectiveness of medical procedures.

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In addition, healthcare specialists and researchers at distant sites can effortlessly share the medical image data with the help of medical image analysis software, thereby improving their ability to detect, monitor and treat lethal diseases.

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The growth of the Asia-Pacific Medical Image Analysis Software Market is mainly driven by factors such as rising public and private sector investments, rapid growth in aging populace, favourable government schemes, fusion of imaging technologies, and rise in applications of computer-aided design (CAD). Furthermore, the amplified use of electronic health records to efficiently store, handle, and supply patient health data in the form of medical images is also driving the market growth.

However, factors such as shortage of skilled professionals, hacking related concerns, and high financial costs are inhibiting the growth of the market in this region.

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Market Segmentation                                              

  • Image Type                                
  • 2D Imaging              
  • 3D Imaging              
  • 4D Imaging              
  • Y-o-Y Growth Analysis, By Image Type       
  • Market Attractiveness Analysis, By Image Type     
  • Market Share Analysis, By Image Type      
  • Imaging Technology                                
  • X-Ray         
  • Computed Tomography    
  • High-End Slice CT
  • Mid-End Slice CT
  • Low-End Slice CT
  • Positron Emission Tomography      
  • Single Photon Emission Computed Tomography    
  • Magnetic Resonance Imaging         
  • Open MRI Systems
  • Closed MRI Systems
  • Ultrasound              
  • Radiographic Imaging         
  • Y-o-Y Growth Analysis, By Imaging Technology      
  • Market Attractiveness Analysis, By Imaging Technology 
  • Market Share Analysis, By Imaging Technology   
  • Application                 
  • Cardiovascular       
  • Neurology               
  • Dental       
  • Urology    
  • Orthopaedic           
  • Oncology 
  • Obstetrics and Gynaecology            
  • Mammography     
  • Y-o-Y Growth Analysis, By Application     
  • Market Attractiveness Analysis, By Application   
  • Market Share Analysis, By Application     
  • End User                      
  • Hospitals  
  • Research Centres 
  • Diagnostic Centres               
  • Y-o-Y Growth Analysis, By End User            
  • Market Attractiveness Analysis, By End User          
  • Market Share Analysis, By End User        

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Reasons to access Medical Image Analysis Software Market Report:

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
  • Segment-level analysis on basis of animals and product along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
  • A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia Pacific is one of the most lucrative markets for the growth of medical image analysis software market and is projected to grow the highest during the forecast period.

Factors such as growing demographics and emerging economies in countries such as India and China are anticipated to lead the growth of the market in this region.

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This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the Medical Image Analysis Software market in this region are Agfa HealthCare, Medviso AB, Aquilab, Bruker Corporation, Carestream Health Inc., Esaote S.p.A, GE Healthcare, Spacelabs Healthcare, Merge Healthcare Inc., Xinapse Systems Ltd., MIM Software Inc., Philips Healthcare, Claron Technologies, Siemens Healthcare, and Toshiba Medical Systems Corporation.

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