The Medical image analysis software market is expected to reach USD 3.88 Billion by 2022 from USD 2.61 Billion in 2017, at a CAGR of 8.2% during forecast period.
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A number of factors such as technological advancements in medical imaging systems & analysis software, growing public & private-sector investments in medical imaging market, increasing use of imaging equipment due to rising prevalence of chronic diseases, fusion of imaging technologies, and growing applications of computer-aided diagnosis are driving the demand for medical image analysis software.
Target Audience for this Report:
- Diagnostic imaging equipment vendors/service providers
- Standalone image analysis software/workstation providers
- Healthcare IT service providers
- Research and consulting firms
- Diagnostic centers
- Venture capitalists
Report provides an overview of medical image analysis software market.
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It aims at estimating the market size and future growth potential of this market across different segments such as type, image type, modality, application, end user, and region. Furthermore, report also includes an in-depth competitive analysis of key players in the market along with their company profiles, recent developments, and key market strategies.
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Medical image analysis software market segmented into orthopedics, dental applications, neurology, cardiology, oncology, obstetrics & gynecology, mammography, respiratory applications, & urology & nephrology. Cardiology segment is expected to grow at highest CAGR during forecast period.
Large share of this segment can primarily be attributed to factors like increasing innovations in cardiac imaging technologies & growing number of cardiac imaging tests due to rising incidence of cardiac disorders.
Research is Useful for Following Industry
- Life Sciences
- Pharmaceutical and biotechnology companies
- Molecular and clinical diagnostics
- Academic research institutes
- Petrochemical refineries & oil and gas
- Chemical industry
- Food beverage & agriculture industries
- Environmental testing laboratories
North America expected to account for largest share of medical image analysis software market. Factors like growing geriatric population, high incidence/prevalence of various diseases, large number of imaging centers in this region, ongoing research, fast adoption of technologically advanced imaging systems, & increasing awareness about benefits of early disease diagnosis are supporting growth of medical image analysis software market in region.
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Report segments medical image analysis software market into type, image type, modality, application, end user, and region. On the basis of type, the market is segmented into integrated and standalone software.
In 2017, the standalone software segment is expected to account for the largest share of the market. This segment offers high flexibility and easy-to-use tools to inspect, evaluate, and process imaging data.
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