Medical Image Analysis Software Market Is Likely To Reach USD 4.51 Billion By 2024: Grand View Research, Inc.
The
global medical image analysis software market size is
expected to reach USD 4.51 billion by 2024, according to a new report by Grand
View Research, Inc., registering an 8.1% CAGR during the forecast period.
Increasing incidence of chronic diseases creates demand for effective
diagnostics solutions, which spurs demand for medical image analysis software.
High growth of the industry is majorly attributed to increase in usage and
uptake of image analysis solutions for diagnosis.
In
addition, shifting focus to provide enhanced care has led to incorporation of
various computer aided diagnosis systems, which is further contributing toward
growth. Introduction of technologically advanced products such as 3D/4D
platforms and multimodality imaging platforms is also presumed to augment
growth over the coming years.
Various
benefits such as flexibility and high-resolution images, along with convenient
use of multi-modal integrated workflows, are expected to bolster demand and
increase product penetration throughout the forecast period. Stand-alone
platforms are anticipated to witness steady growth. These platforms are
user-friendly and cost less as compared to integrated solutions. These
solutions offer more details and features and are used by researchers, allowing
them to share and access research data and analyses, thereby enhancing their
ability to diagnose, research, monitor, and treat disorders. For instance, GE
healthcare’s ViewPoint 6 (for MFM) is a standalone software designed for
dedicated ultrasound reporting and image management.
Browse full
research report on Medical Image
Analysis Software Market: www.grandviewresearch.com/industry-analysis/medical-image-analysis-software-market
Further key
findings from the study suggest:
- By type, the integrated medical image analysis
software segment is anticipated to expand at a CAGR of 7.8% from 2016 to
2024
- On the basis of modality, the ultrasound
segment is projected to ascend at a revenue-based CAGR of 10.5% over the
forecast period
- The orthopedic segment dominated the global
market by application, accounting for over 40.0% share in 2015
- By end use, hospitals held the largest revenue
share owing to increasing adoption of these systems for medical imaging in
diagnosis of various diseases
- Asia Pacific is expected to show significant
growth owing to presence of unmet clinical needs
- The global market is fragmented in nature. Companies
are witness fierce competition as the industry is technology driven
- Strategies implemented by key players include
collaborative agreements, new product launches, and geographical
expansion.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the global medical image analysis
software market on the basis of software type, modality, application, end use,
and region:
Medical
Image Analysis Software Type Outlook (Revenue, USD Million, 2013 - 2024)
- Integrated
Software
- Stand-alone
Software
Medical
Image Analysis Software Modality Outlook (Revenue, USD Million, 2013
- 2024)
- Tomography
- Computed
Tomography
- Magnetic
Resonance Imaging
- Positron
Emission Tomography
- Single-Photon
Emission Tomography
- Ultrasound
Imaging
- Radiographic
Imaging
- Combined
Modalities
Medical
Image Analysis Software Application Outlook (Revenue, USD
Million, 2013 - 2024)
- Orthopedic
- Dental
- Neurology
- Cardiology
- Oncology
- Obstetrics
& Gynecology
- Mammography
- Urology
& Nephrology
Medical
Image Analysis Software End-use Outlook (Revenue, USD Million, 2013 -
2024)
- Hospitals
- Diagnostic
- Research
Centers
Medical
Image Analysis Software Regional Outlook (Revenue, USD Million, 2013 -
2024)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Mexico
- Brazil
- Middle
East & Africa
- South
Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-medical-image-analysis-software-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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