Medical Image Analysis Software Industry Overview
The global medical image analysis software market size was valued at USD 2.90 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% over the forecast period. A rise in demand for diagnostic imaging software in fields, such as dental, orthopedics, urology, neurology, and oncology, is likely to contribute to the market growth. The growing adoption of ultrasound imaging systems to facilitate faster diagnosis, particularly of chronic diseases, is expected to propel the demand. In addition, continuous developments in the field of imaging technology, such as Computer-aided Diagnosis (CAD), are anticipated to bolster the demand for these platforms. The introduction of Artificial Intelligence (AI) in medical imaging has changed the market dynamics in recent years and is anticipated to positively influence growth in the near future.
The AI-based solutions have various applications in medical imaging including diagnosis, detection, image analysis, and clinical decision support. Though AI adoption is in the early phase in MRI and CT technologies, rising demand for accuracy, efficiency, and patient safety is anticipated to boost the adoption of AI-enabled medical imaging over the forecast period. The adoption of technologically advanced products, such as multimodality imaging platforms and 3D imaging, and benefits associated with the use of these systems, such as high-resolution imaging, convenient use, and flexibility, are contributing to the growing demand. The introduction of technologically advanced products and the advent of efficient information management systems are expected to drive market growth in the coming years.
Gather more insights about the market drivers, restraints, and growth of the Global Medical Image Analysis Software market
Focus on innovation in medical image analysis has also given rise to certain measures that are being implemented.Furthermore, medical image processing can assist in disease diagnosis, treatment, and early detection. It has been regarded as one of the most cutting-edge technologies used to combat the COVID-19 crisis. In the context of COVID-19 disease, numerous AI, machine learning, and deep learning approaches have been used in medical image processing, which will further drive market growth.Diagnostic and research centers are expected to emerge as crucial end users of image analysis solutions owing to the rising demand for efficient solutions for better patient outcomes. These segments accounted for smaller revenue shares as they commonly outsource imaging services from hospitals.
Browse through Grand View Research's Healthcare Industry Research Reports.
Medical Imaging Market - The global medical imaging market size was valued at USD 28.02 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030.
Magnetic Resonance Imaging Market - The global magnetic resonance imaging market size was valued at USD 4.8 billion in 2021 and is expected to expand at a CAGR of 7.1% from 2022 to 2030.
Medical Image Analysis Software Market Segmentation
Grand View Research has segmented the global medical image analysis software market on the basis of software type, modality, imaging type, application, end use, and region:
Medical Image Analysis Software Type Outlook (Revenue, USD Million, 2017 - 2030)
- Integrated
- Stand-alone
Medical Image Analysis Software Modality Outlook (Revenue, USD Million, 2017 - 2030)
- Tomography
- Ultrasound Imaging
- Radiographic Imaging
- Combined Modalities
Medical Image Analysis Software Imaging Type Outlook (Revenue, USD Million, 2017 - 2030)
- 2D Imaging
- 3D Imaging
- 4D Imaging
Medical Image Analysis Software Application Outlook (Revenue, USD Million, 2017 - 2030)
- Orthopedic
- Dental
- Neurology
- Cardiology
- Oncology
- Obstetrics & Gynecology
- Mammography
- Urology & Nephrology
Medical Image Analysis Software End-use Outlook (Revenue, USD Million, 2017 - 2030)
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers(ASCs)
- Others (Academic & Research Centers)
Medical Image Analysis Software Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Market Share Insights
March 2021: Royal Philips and DiA Imaging Analysis entered into a strategic partnership to provide clinicians with automated solutions at the point of care.
Key Companies profiled:
Some prominent players in the global Medical Image Analysis Software market include
- Koninklijke Philips N.V.
- GE Healthcare
- Siemens Healthineers
- Agfa-Gevaert Group
- Toshiba Medical Systems Corporation
- Spacelabs Healthcare
- MIM Software, Inc.
- Aquilab SAS
- ESAOTE SPA
- Merge Healthcare, Inc. (IBM)
- ClaroNav, Inc.
- Xinapse, Inc.
- Bruker
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