Global Medical Image Analysis Software Market Projected to Grow at a Robust CAGR of 7.9% over the Forecast Period 2016-2024
Multiple factors are inducing the growth of global medical image analysis software market such as early diagnosis for better cure facilitated by machine learning system, research specific algorithm to understand patterns & improve drug development and neural networks supporting diagnosis validation. According to Goldstein Research, medical image analysis software market size is expected to reach USD 4.1 billion by 2024 from an estimated market size of USD 2.52 billion in 2016, growing at a compounded annual growth rate of 67.2% during the forecast period 2016-2024.
Global medical image analysis software market segmentation has been carried out on the basis of product type, modality, platform type, imaging type, end user and geography. Based on product type, integrated software segment accounted for the highest market share and is expected to reach USD 1.5 billion by 2024.
Moreover, based on modality, the computed tomography market is growing at a CAGR of 5% during the forecast period from an estimated market size of USD 5.1 billion in 2016.
Further, the medical imaging software market is estimated to be dominated by North America with a robust market share in 2016, owing to high investments on healthcare system leading to enhanced patient care.
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Market Segmentation
On the basis of our in-depth analysis, Global Medical Image Analysis Software Market can be segmented as follows:
By Product Type
- Integrated Software
- Standalone Software
By Modality
- Computed Tomography
- Magnetic Resonance Imaging
- Positron Emission Tomography
- Single-Photon Emission Computed Tomography
- Ultrasound
- Radiographic Imaging
- Combined Modalities
By Platform Type
- On-premise Platform
- Cloud-based Platform
By Imaging Type
- 2D Imaging
- 3D Imaging
- 4D Imaging
By End-User
- Hospitals
- Diagnostic Centers
- Research Centers
- Others
By Region
- North America Medical Image Analysis Software Market {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe Medical Image Analysis Software Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Middle East and Africa Medical Image Analysis Software Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin AmericaMedical Image Analysis Software Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific Medical Image Analysis Software Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Medical Image Analysis Software Market is driving on the basis of advancement in mentioned below industries:
Biomarker Validation and Testing Market
Biomarker validation is a process to test the biomarkers for their accuracy and consistency, and also about their ability to signify important aspects related to the health or disease. North America biomarker validation and the testing market is the leading the way in terms of revenue generation. The high healthcare investments in the region and positive regulatory framework coupled with widespread acceptance of personalized medicine are the major driving factors for the growth of Biomarker validation and testing market in North America.
Imaging Biomarker Market
Imaging Biomarker Market is swiftly growing with the advancement in technologies and research & development in the field of disease diagnosis and drug discovery. Biomarker indicates the risk of any disease in any part of the body and with the use of imaging technology biomarkers reveals the exact site of the possible disease even in their early stage
Optical Sensors Market
Optical sensors have wide application across various industries such as healthcare, metrology, imaging and remote sensing. Optical sensors use lasers, imaging systems, and optical fibers to analyze and report the results. The global optical sensors market is set to harness market revenue of USD 5.0 billion by 2025 growing at a CAGR of 14.1% over the forecast period (2017-2025).
“Global Medical Image Analysis Software Market Outlook 2024” contains a detailed overview of the global medical image analysis software market. Further, for the in-depth analysis, Global Medical Image Analysis Software Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This market report also includes competitive outlook of some of the major players profiling of companies such as AGFA Healthcare, AQUILAB, Carestream Health, Inc., EsaoteSpA, GE Healthcare Inc., Siemens Healthineers, Sciencesoft USA Corporation, Philips Healthcare, Toshiba Medical Systems Corporation, Mirada Medical Limited, Merge Healthcare Inc., Analogic Corporation, Indica Labs, Definiens, Inspirata, 3D Histech, Micro Dimensions GmbH, Optra Scan,etc.
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The market research report provides company profiling which include product portfolio, regional segmentation, revenue generated, growth driver tactic adopted by the market key players, data table of revenue, growth analysis, financial analysis, marketing strategy, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global medical image analysis software market trends along with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities.
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