Medical Image Analysis Software Market
SHARE
PUBLISHED: 2022 ID: SMRC21601
SHARE

Medical Image Analysis Software Market Forecasts to 2028 – Global Analysis By Modality (Ultrasound Imaging, Interior, Microscopy), Application (Orthopedic, Cardiology), End User, and By Geography

4.5 (74 reviews)
4.5 (74 reviews)
Published: 2022 ID: SMRC21601

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Medical Image Analysis Software Market is accounted for $3580.98 million in 2021 and is expected to reach $7067.62 million by 2028 growing at a CAGR of 10.2% during the forecast period. Medical imaging is the method of creating a visual portrayal of a body for clinical investigation and medical intervention.  This medical image analysis software is of great aid for visual representation of the function of some organs or tissues.

Market Dynamics:

Driver:

Increasing applications of computer-aided diagnosis

Computer-aided diagnosis will provide data interpretation by means of computerized software. This procedure helps radiologists to decrease manual errors in data interpretation and furthermore supports in the diagnosis of irregularities that are often missed during manual analysis processes. This method was initially utilized for mammographic image analysis; however, its applications have extended. Thus, the increasing usage of CAD technology for image analysis is likely to drive the growth of the market.

Restraint:

High cost

The high cost of imaging equipment, combined with the high implementation and licensing cost of software, is the major factor limiting market growth, particularly in countries where the reimbursement scenario is poor. Because of the high expense of these systems and low financial resources, healthcare facilities in emerging countries are reluctant to invest in new or technologically advanced systems. Also, the implementation and subscription/licensing charges for advanced imaging tools are a major financial burden on end users. These factors can slow down digitalization in healthcare facilities and effect the adoption of advanced technologies for diagnosis and analysis.


Opportunity:

Increasing adoption of cloud-based technology

The cloud-based model has arisen as an effective solution to deliver medical image analysis software as it offers upgraded information accessibility and real-time analysis. Cloud-based image analysis solutions assist with deliver analytical insights from a multi-terabyte database with ease at any location, anytime, and on any platform. Moreover, a cloud-based imaging solution does not need any up-front capital investment on hardware; reduces the burden on healthcare systems as there is lower/no involvement of in-house staff; and enables faster data transfer between organizations. Attributable to these benefits, the demand for cloud-based image analysis solutions is likely to be provide ample opportunities for the market growth.

Threat:

Hacking issues

Hacking of medical equipment can prompt loss of effectiveness and result in undesirable outcomes for patients. The medical equipment manufacturing industry lacks the security measures found in other high-risk industries. Thus, medical equipment are not integrated with the most recent developments in the field of IT security, which can provide protection from hacking. Hacking is a main issue in the medical image analysis software market, as hackers can effectively shut-down equipment, which can bring about data breach and affect patient outcomes. Thus, the adverse consequences related with accidental malfunctioning and hacking makes medical services experts reluctant to install IT solutions, including image analysis software in their centres.

The stand-alone software segment is expected to be the largest during the forecast period

The stand-alone software segment is estimated to have a lucrative growth as these platforms are user-friendly and cost less as compared to integrated solutions. These solutions offer more details and features and are utilized by researchers, permitting them to share and access research data and analyses, thereby improving their ability to diagnose, research, monitor, and treat disorders.

The cardiology segment is expected to have the highest CAGR during the forecast period

The cardiology segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the high prevalence of cardiovascular and congenital heart diseases and government support to improve the accessibility of treatments, expanding advancements in cardiac imaging technologies and the growing number of cardiac imaging tests because of the rising incidence of cardiac disorders.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to the healthcare infrastructure, advanced facilities, higher awareness, higher technological penetration and higher spending by the citizens towards healthcare expenditure. In addition, increasing R&D investments and the presence of key market players are contributing to the regional market growth.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to rapidly increasing healthcare infrastructure, rising spending, government initiatives and increasing awareness amongst population, and growing medical tourism industry in developing nations. Accelerating adoption of ultrasound imaging systems to work with speedy diagnostics mostly of chronic diseases is expected via analytical forecast to support market size.

Key players in the market

Some of the key players profiled in the Medical Image Analysis Software Market include Xinapse Systems Ltd., Toshiba Medical Systems Corp., Spacelabs Healthcare, Inc., Aquilab GmbH, Philips Healthcare, MIM Software Inc., Merge Healthcare Inc., GE Healthcare, Esaote, Inc., ClaroNAv, Inc., Bruker Corp., Carestream Health, Inc., Agfa-Gevaert Corp. , Siemens Healthineers and Canon Medical Systems.  

Key Developments:

In March 2022, Canon Medical Systems acquired the Danish medical equipment manufacturer, Nordisk Rontgen Teknik, to strengthen its global X-ray business. Through this acquisition, Canon Medical opens up access to European-based technology, development, and manufacturing for advanced multipurpose and motorized digital radiographic imaging solutions.

In February 2022, Carestream Health, Inc. launched the DRX compass, an accurate, convenient, and configurable digital radiology solution designed to provide radiologists with a new efficiency level. The image view software used in DRX compass enables upgraded cybersecurity.
 
Modalities Covered:
• Ultrasound Imaging
• Radiographic Imaging
• Combined Modalities
• Microscopy
• Tomography & Traumatic Brain Injury (TBI)
 
Software Types Covered:
• Stand-Alone Software
• Integrated Software
 
Applications Covered:
• Urology & Nephrology
• Respiratory Applications
• Orthopedic
• Obstetrics & Gynaecology
• Neurology
• Mammography
• Dental
• Cardiology
• Oncology
 
End Users Covered:
• Ambulatory Surgical Centers (ASCs)
• Hospitals
• Diagnostic Centers
• Clinics
• Academic & Research Centers

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary                
                 
2 Preface                
 2.1 Abstract                
 2.2 Stake Holders               
 2.3 Research Scope               
 2.4 Research Methodology               
  2.4.1 Data Mining              
  2.4.2 Data Analysis              
  2.4.3 Data Validation              
  2.4.4 Research Approach              
 2.5 Research Sources               
  2.5.1 Primary Research Sources              
  2.5.2 Secondary Research Sources              
  2.5.3 Assumptions              
                 
3 Market Trend Analysis                
 3.1 Introduction               
 3.2 Drivers               
 3.3 Restraints               
 3.4 Opportunities               
 3.5 Threats               
 3.6 Application Analysis               
 3.7 End User Analysis               
 3.8 Emerging Markets               
 3.9 Impact of Covid-19               
 3.10                
                 
4 Porters Five Force Analysis                
 4.1 Bargaining power of suppliers               
 4.2 Bargaining power of buyers               
 4.3 Threat of substitutes               
 4.4 Threat of new entrants               
 4.5 Competitive rivalry               
                 
5 Global Medical Image Analysis Software Market, By Modality                
 5.1 Introduction               
 5.2 Ultrasound Imaging               
  5.2.1 2D Ultrasound Imaging              
  5.2.2 3D/4D Ultrasound Imaging              
  5.2.3 Doppler Imaging              
 5.3 Radiographic Imaging               
 5.4 Combined Modalities               
  5.4.1 Positron Emission Tomography (PET)/Computed Tomography (CT)              
  5.4.2 Single-Photon Emission Computerized Tomography (SPECT)/Computed Tomography (CT)              
  5.4.3 Positron Emission Tomography (PET)/Magnetic Resonance (MR)               
 5.5 Microscopy               
 5.6 Tomography & Traumatic Brain Injury (TBI)               
  5.6.1 Magnetic Resonance Imaging              
   5.6.1.1 Open Magnetic Resonance Imaging Systems             
   5.6.1.2 Closed Magnetic Resonance Imaging Systems             
  5.6.2 Positron Emission Tomography              
  5.6.3 Single-Photon Emission Tomography              
  5.6.4 Computed Tomography              
   5.6.4.1 High-End Slice Computed Tomography             
   5.6.4.2 Mid-End Slice Computed Tomography             
   5.6.4.3 Low-End Slice Computed Tomography             
                 
6 Global Medical Image Analysis Software Market, By Software Type                
 6.1 Introduction               
 6.2 Stand-Alone Software               
 6.3 Integrated Software               
                 
7 Global Medical Image Analysis Software Market, By Application                
 7.1 Introduction               
 7.2 Urology & Nephrology               
 7.3 Respiratory Applications               
 7.4 Orthopedic               
 7.5 Obstetrics & Gynaecology               
 7.6 Neurology               
 7.7 Mammography               
 7.8 Dental               
 7.9 Cardiology               
 7.10 Oncology                
                 
8 Global Medical Image Analysis Software Market, By End User                
 8.1 Introduction               
 8.2 Ambulatory Surgical Centers (ASCs)               
 8.3 Hospitals               
 8.4 Diagnostic Centers                
 8.5 Clinics               
 8.6 Academic & Research Centers               
                 
9 Global Medical Image Analysis Software Market, By Geography                
 9.1 Introduction               
 9.2 North America               
  9.2.1 US              
  9.2.2 Canada              
  9.2.3 Mexico              
 9.3 Europe               
  9.3.1 Germany              
  9.3.2 UK              
  9.3.3 Italy              
  9.3.4 France              
  9.3.5 Spain               
  9.3.6 Rest of Europe              
 9.4 Asia Pacific               
  9.4.1 Japan              
  9.4.2 China              
  9.4.3 India              
  9.4.4 Australia              
  9.4.5 New Zealand              
  9.4.6 South Korea               
  9.4.7 Rest of Asia Pacific              
 9.5 South America               
  9.5.1 Argentina              
  9.5.2 Brazil              
  9.5.3 Chile              
  9.5.4 Rest of South America              
 9.6 Middle East & Africa                
  9.6.1 Saudi Arabia              
  9.6.2 UAE              
  9.6.3 Qatar              
  9.6.4 South Africa              
  9.6.5 Rest of Middle East & Africa              
                 
10 Key Developments                
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures               
 10.2 Acquisitions & Mergers               
 10.3 New Product Launch               
 10.4 Expansions               
 10.5 Other Key Strategies               
                 
11 Company Profiling                
 11.1 Xinapse Systems Ltd.               
 11.2 Toshiba Medical Systems Corp.               
 11.3 Spacelabs Healthcare, Inc.               
 11.4 Aquilab GmbH               
 11.5 Philips Healthcare               
 11.6 MIM Software Inc.               
 11.7 Merge Healthcare Inc.               
 11.8 GE Healthcare                
 11.9 Esaote, Inc.               
 11.10 ClaroNAv, Inc.               
 11.11 Bruker Corp.               
 11.12 Carestream Health, Inc.               
 11.13 Agfa-Gevaert Corp.               
 11.14 Siemens Healthineers               
 11.15 Canon Medical Systems                
                 
List of Tables                 
1 Global Medical Image Analysis Software Market Outlook, By Region (2020-2028) ($MN)                
2 Global Medical Image Analysis Software Market Outlook, By Modality (2020-2028) ($MN)                
3 Global Medical Image Analysis Software Market Outlook, By Ultrasound Imaging (2020-2028) ($MN)                 
4 Global Medical Image Analysis Software Market Outlook, By 2D Ultrasound Imaging (2020-2028) ($MN)                
5 Global Medical Image Analysis Software Market Outlook, By 3D/4D Ultrasound Imaging (2020-2028) ($MN)                
6 Global Medical Image Analysis Software Market Outlook, By Doppler Imaging (2020-2028) ($MN)                
7 Global Medical Image Analysis Software Market Outlook, By Radiographic Imaging (2020-2028) ($MN)                
8 Global Medical Image Analysis Software Market Outlook, By Combined Modalities (2020-2028) ($MN)                
9 Global Medical Image Analysis Software Market Outlook, By Positron Emission Tomography (PET)/Computed Tomography (CT) (2020-2028) ($MN)                
10 Global Medical Image Analysis Software Market Outlook, By Single-Photon Emission Computerized Tomography (SPECT)/Computed Tomography (CT) (2020-2028) ($MN)                
11 Global Medical Image Analysis Software Market Outlook, By Positron Emission Tomography (PET)/Magnetic Resonance (MR) (2020-2028) ($MN)                
12 Global Medical Image Analysis Software Market Outlook, By Microscopy (2020-2028) ($MN)                
13 Global Medical Image Analysis Software Market Outlook, By Tomography & Traumatic Brain Injury (TBI) (2020-2028) ($MN)                
14 Global Medical Image Analysis Software Market Outlook, By Magnetic Resonance Imaging (2020-2028) ($MN)                
15 Global Medical Image Analysis Software Market Outlook, By Positron Emission Tomography (2020-2028) ($MN)                
16 Global Medical Image Analysis Software Market Outlook, By Single-Photon Emission Tomography (2020-2028) ($MN)                
17 Global Medical Image Analysis Software Market Outlook, By Computed Tomography (2020-2028) ($MN)                
18 Global Medical Image Analysis Software Market Outlook, By Software Type (2020-2028) ($MN)                
19 Global Medical Image Analysis Software Market Outlook, By Stand-Alone Software (2020-2028) ($MN)                
20 Global Medical Image Analysis Software Market Outlook, By Integrated Software (2020-2028) ($MN)                
21 Global Medical Image Analysis Software Market Outlook, By Application (2020-2028) ($MN)                
22 Global Medical Image Analysis Software Market Outlook, By Urology & Nephrology (2020-2028) ($MN)                
23 Global Medical Image Analysis Software Market Outlook, By Respiratory Applications (2020-2028) ($MN)                
24 Global Medical Image Analysis Software Market Outlook, By Orthopedic (2020-2028) ($MN)                
25 Global Medical Image Analysis Software Market Outlook, By Obstetrics & Gynaecology (2020-2028) ($MN)                
26 Global Medical Image Analysis Software Market Outlook, By Neurology (2020-2028) ($MN)                
27 Global Medical Image Analysis Software Market Outlook, By Mammography (2020-2028) ($MN)                
28 Global Medical Image Analysis Software Market Outlook, By Dental (2020-2028) ($MN)                
29 Global Medical Image Analysis Software Market Outlook, By Cardiology (2020-2028) ($MN)                
30 Global Medical Image Analysis Software Market Outlook, By Oncology (2020-2028) ($MN)                
31 Global Medical Image Analysis Software Market Outlook, By End User (2020-2028) ($MN)                
32 Global Medical Image Analysis Software Market Outlook, By Ambulatory Surgical Centers (ASCs) (2020-2028) ($MN)                
33 Global Medical Image Analysis Software Market Outlook, By Hospitals (2020-2028) ($MN)                
34 Global Medical Image Analysis Software Market Outlook, By Diagnostic Centers (2020-2028) ($MN)                
35 Global Medical Image Analysis Software Market Outlook, By Clinics (2020-2028) ($MN)                
36 Global Medical Image Analysis Software Market Outlook, By Academic & Research Centers (2020-2028) ($MN)                
                 
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.                 
                 
              

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials