Global Medical Imaging Analysis Software Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
Global Medical Imaging Analysis Software Market is anticipated to reach US $3,335.3 million with an attractive CAGR of 8.2% during 2016 – 2022. The major drivers which are enhancing the global medical imaging analysis software market are due to rising due to rapid increase in demand for technically progression market for imaging devices, a lot of investment in medical imaging technologies, increasing geriatric population, due to increasing huge number of enduring research activities and growth in the number of new and advanced products being launched in developing Asian countries. Apart from this, some of the factors which are hampering the market are absence of technical and skilled professionals and due to increasing hacking concerns.
The medical imaging analysis software market is segmented on the basis of software, image, modality, application and end-user. According to software segment, the market is further segmented such as integrated software and standalone software. On the basis of image segment, the market is further subdivided into 2D imaging, 3D imaging, and 4D imaging. On the basis of modality segment, the market is further divided into tomography (Computed Tomography (CT), magnetic resonance imaging (MRI), positron emission tomography (PET) and single-photon emission tomography (SPECT)), ultrasound imaging, radiographic imaging, and combined modalities. On the basis, of application segment, the market is further subdivided into orthopedic application, dental applications, neurology, cardiology application, oncology applications, oncology applications, mammography applications and urology and nephrology applications. On the basis of end-user segment, the market is further subdivided into hospitals, diagnostic centers, and research centers.
On the basis of geography, the global medical imaging analysis software market is segmented into four major regions such as North America, APAC, Europe and ROW. Currently, North America is accounted to be the largest market share nearly 35% for medical image analysis software due to huge demand for post-diagnostic treatment and better detection. Asia Pacific is a forthcoming market because of rise in per capita income and technological advancements in diagnostic technology. Asia Pacific is projected to be growing upward at the fastest CAGR of over 9.5% during the prediction period due to the increasing saturation of the medical imaging systems in fast developing economies of the Asia Pacific region, such as India and China. Along with this, there are many of the further driving factors that are promoting overall growth of the market such as high R&D intensity by the major market players, investments in the healthcare industry.
There are many key manufacturing companies which are engaged in Esaote S.p.A (Italy), Agfa healthcare (Belgium), Carestream Health, Inc. (U.S.), Aquilab (France), GE Healthcare (U.K.), MIM Software Inc. (U.S.), Philips Healthcare (Netherlands), Merge Healthcare, Inc. (U.S.), Siemens Healthcare (Germany), and Toshiba Medical Systems Corporation (Japan). One of the top most manufacturing company ‘Philips Healthcare” has launched a new advanced diagnostic equipment which has been developed and designed at its one of the two R&D centers which one of them in India (Pune). One of the two products exposed, which are the mobile diagnost opta, one of them, digital X-Ray system is for limited spaces like rigorous care units and operations theatres. Other than that, BV Vectra is a mobile C-arm system devoted to orthopaedic surgical procedures.
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