Market Research Logo

Global Medical Imaging Analysis Software Market - Segmented by Image Type, Imaging Technology, End Users, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Medical Imaging Analysis Software Market - Segmented by Image Type, Imaging Technology, End Users, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The global medical imaging analysis software market is expected to register a CAGR of 8.1% during the forecast period of 2018–2023. Medical imaging is the process of creating a visual portrayal of a body for clinical analysis and medical intervention. The scanning software generates images which are stored in the memory and are later analyzed. The analysis is a process to improve the quality of images and the quantitative aspects as well. The analysis is done using computer-aided diagnosis (CAD), adaptive wavelet image enhancement, and data driven optimized image segmentation and registration.

Simplification of Medical Imaging Process

With the advancements in technology, there have been several accomplishments in the imaging technology. Imaging is now faster, more accurate, and affordable for patients. Medical imaging software is being improvised to make it more user-friendly and agile enough to use them rapidly and effectively. The medical imaging analysis software can be applied to a variety of modalities such as ultrasound, digital X-ray, magnetic resonance imaging among many others. The availability of software for various modalities platforms makes it simpler for medical professionals. Imaging software allows image acquisition, archiving, and storage of images. Since there is a need to collaborate with doctors in treating patients with complex disorders, the software allows multiple user access to images and share images. The current need for the convenience of medical imaging is driving the medical imaging software market to provide better solutions to medical personnel, thereby, driving the medical imaging analysis software market.

The other factors, such as standardization across imaging modalities and ease of upgrading are also driving the medical imaging analysis software market.

High Cost of Associated Hardware

The nature of business is shifting from hardware to software and solutions. High-quality and specialized hardware for imaging is experiencing high sales growth. Manufacturers of diagnostic imaging systems (ultrasound, CT, PET, and MRI scans) know that the best way to increase their sales is to grow the market while targeting specific applications. Such improvements can bring a surge in the cost of the hardware. As technology improves, imaging rates increase. PACS hardware cost is around USD 2.5 million. The high cost of hardware as in PACS is one of the reasons for not achieving a return on investment. A study says that spending on new health technology makes up as much as two-thirds of the 6% annual increase in healthcare costs. So, this high cost of associated hardware is hindering the growth of the medical imaging analysis software market. The other factor, such as concerns over data security is also hindering the growth of the market.

United States Leads the Market in North America

In 2017, the United States medical imaging analysis software market held the largest share in North America, driven by the growing R&D activities in medical science. Particularly in the US Health and Human Services (HHS), which is governed by the cabinet-level department of the United States federal government, and is very liberal in funding and maintaining technological research in medical sciences.

Key Developments in the Market

  • November 2017: FDA approved MAGNETOM Terra MRI scanner from Siemens Healthineers, which was the first ever 7T MRI cleared for diagnostic imaging.
Major Players: GE HEALTHCARE, KONINKLIJKE PHILIPS N.V., SEIMENS HEALTHCARE, BARCO, CARESTREAM, ELEKTA, INFIMED, BRUKER CORPORATION, and SONOSITE, among others.

Reasons to Purchase the Report
  • Follow the current and future medical imaging analysis software market in the developed and emerging markets.
  • Examining the various perspectives of the market with the help of Porter’s Five Forces Analysis
  • Identify the segment that is expected to dominate the market.
  • Identify the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support along with the Market Estimate sheet (in Excel).
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.


1. Introduction
1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Products and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1 Drivers
6.1.1 Simplification of the Medical Imaging Process
6.1.2 Standardization across Imaging Modalities
6.1.3 Ease of Upgrading
6.2 Restraints
6.2.1 Concerns over Data Security
6.2.2 High Cost of Associated Hardware
6.3 Opportunities
6.4 Key Challenges
7. Market Segmentation
7.1 By Image Type
7.1.1 2Dimensional Image
7.1.2 3Dimensional Image
7.1.3 4Dimensional Image
7.2 By Imaging Technology
7.2.1 Computed Tomography (CT)
7.2.2 Positron Emission Tomography (PET)
7.2.3 Single Photon Emission Computed Tomography (SPECT)
7.2.4 Magnetic Resonance Imaging (MRI)
7.2.5 Ultrasound
7.2.6 X-ray Imaging
7.3 By End Users
7.3.1 Hospitals
7.3.2 Imaging Centers
7.4 By Geography
7.4.1 North America
7.4.1.1 United States
7.4.1.2 Canada
7.4.1.3 Mexico
7.4.2 Europe
7.4.2.1 France
7.4.2.2 Germany
7.4.2.3 United Kingdom
7.4.2.4 Italy
7.4.2.5 Spain
7.4.2.6 Rest of Europe
7.4.3 Asia-Pacific
7.4.3.1 China
7.4.3.2 Japan
7.4.3.3 India
7.4.3.4 Australia & New Zealand
7.4.3.5 South Korea
7.4.3.6 Rest of Asia-Pacific
7.4.4 Middle East & Africa
7.4.4.1 GCC
7.4.4.2 South Africa
7.4.4.3 Rest of the Middle East & Africa
7.4.5 South America
7.4.5.1 Brazil
7.4.5.2 Argentina
7.4.5.3 Rest of South America
8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.1 Barco
9.2 Bruker Corporation
9.3 Carestream
9.4 Dell
9.5 Elekta
9.6 GE Healthcare
9.7 Infimed
9.8 Koninklijke Philips N.V
9.9 Seimens Healthcare
9.10 Sonosite
*List not Exhaustive
10. Future of the Market
11. Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report