Trends in Medical Imaging Software market: size, production, prospects, Revenue, consumption, cost structure and forecast to 2022
The report on Medical Imaging Software Market sheds light on the important developments impacting and increasing the growth of the Medical Imaging Software market including its restraints, drivers and prospects. The Medical Imaging Software market report proposes complete synopsis of the market, covering several characteristics such as product definition, market breakdown based on several constraints, supply chain analysis, and the fundamental Key Players outlook.
The report on Medical Imaging Software Market will help Major Players and the new entrants to understand and scrutinize the market in detail. This information will encourage the Major Players to decide their business strategy and achieve proposed business aims.
The global medical imaging software market was valued at USD 2.46 billion In 2017, and is expected to reach a value of USD 4.1 billion by 2023, witnessing a CAGR of 8.9% over the forecast period, 2018–2023. The emergence of diagnostic imaging technologies, over the past few decades, has made strides in the history of applied sciences and medicine to a major extent. This progress in medical imaging is visualizing the functioning of the human body and anatomy, thus empowering the medical experts to detect, exclude, and characterize in treating diseases. This has revolutionized the medicine healthcare industry over the past decade.
The medical sector has become entirely dependent on techniques, such as magnetic resonance imaging (MRI), computed ultrasound, tomography, and more recently, Positron Emission Tomography (PET scan), as well as combined hybrid technologies, such as PET-CT and PET-MRI. The data from these medical imaging systems need to be analyzed to provide diagnosis. Globally, the increase in incidence of diseases made it difficult for the hospitals to store and generate diagnosed reports. The growing need for a consistent software solution is driving the medical imaging software market.
Emerging Cloud-based Imaging Software Solutions is Driving the Market
Several companies have started offering medical image analysis as a service through their cloud-based platforms. Zebra Medical Vision is one company that is pioneering this shift to cloud with its medical image analytics platform. This trend is also recently observed in the case of Fujifilmâs recent partnership with Teramedica, to bring the medical image analysis abilities to its cloud clinical archive. This proves how prominent the cloud-based services are going to be in the future, as Teramedica Clinical Archive is currently the worldâs largest medical image archive. Many companies are following the aforementioned trend, as cloud-based and centralized image analysis services have tremendous potential to replace the conventional medical image analysis software in the future.
X-Ray Radiographic Imaging is expected to Dominate the Market Landscape
X-ray radiographic imaging has its applications in the examination of bone or tissues samples, and X-ray imaging data can be deduced from using imaging software for later analysis of reports. Currently, the medical imaging software has become an integral part of the diagnostic machines to provide the better-quality images in shorter times. With the development of medical X-ray image analysis software, treatment and data management have become easy for the medical personnel. The data generated from the device can be shared between the healthcare providers or researchers at remote sites, which is expected to drive the medical imaging software market over the forecast period. . The X-ray, analysis, and documentation can be readily exported to Electronic Medical Records (EMR) as PDF files or JPG images. The increasing demand for imaging modalities, because of the emerging advancements in medical technologies, is driving the global market.
North America expected to Dominate the Market
The market in the North American Region is mainly 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 US federal government, and is very liberal in funding and maintaining the technological research in medical sciences. The rapid technological developments growing in the medical field, like medical imaging software solutions, are boosting the market growth in the Region. There is a strong focus on improving public health conditions, as well as tackling the adverse effects of the rising health issues and infections. For this, there is a need for constant diagnostic and monitoring services, which are driving the US medical imaging software market. The United States has the largest market share in the North American medical imaging software market. The healthcare facilities in the country are of the highest standards and are accessible to the population, because of favorable policies making healthcare affordable to all. The rise in reliance of physicians on imaging in everyday practice and prominence of imaging in physician-developed practice guidelines across a range of medical conditions have boosted the medical imaging software demand.
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Medical Imaging Software market report provides the comprehensive analysis of the market, based on leading players of present, past of Medical Imaging Software Industry and resourceful data that will act as a supportive guide for leading players.
Major Key Players of Medical Imaging Software Market Report: General Healthcare Company (GE), Philips Healthcare (Royal Philips Electronics), Siemens Healthcare (Siemens AG), Toshiba Medical Systems Corporation, IBM Corporation, Agfa-Gevaert HealthCare, Novorad Corporation, Carestream Health, Inc. (Onex Corporation), Esaote S.P.A., MIM Software, Inc., Acuo Technologies, Fujifilm Holding Company.
Key Issues Addressed in this Report:
- Competitive Landscape and Strategic Recommendations
- The market forecast and growth areas for Medical Imaging Software Market
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Changing Market Trends and Emerging Opportunities
- Historical shipment and revenue
- Analysis key applications
- Main Players market share
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In a word, the Medical Imaging Software Market report provides major statistics on the state of the Medical Imaging Software industry and is a valuable source of guidance and direction for companies and individuals interested in the market.