Global Medical Image Analysis Software Market - Snapshot

The global medical image analysis software market was valued at approximately US$ 2.6 Bn in 2017. It is anticipated to reach a value of approximately US$ 5.4 Bn by 2026, expanding at a CAGR of more than 8.1% from 2018 to 2026. The global medical image analysis software market is driven by an increase in the incidence of chronic diseases, rise in geriatric population, increase in the adoption of 4D imaging techniques, and rise in demand for medical imaging. Furthermore, high healthcare investment and increase in the awareness related to technologically advanced products are expected to create new opportunities in the emerging nations. However, high cost associated with medical imaging procedures and technical limitations associated with the software are expected to restraint the market during the analysis period.

medical image analysis software industry

The global medical image analysis software market has been segmented based on software type, imaging type, modality, application, end-user, and region. In terms of software type, the global market has been classified into integrated software and standalone software. Based on imaging type, the medical image analysis software market has been categorized into 2D imaging, 3D imaging, and 4D imaging. In terms of modality, the market has been bifurcated into CT, MRI, PET, SPECT, ultrasound, radiographic imaging, and other modalities. Based on application, the market has been segregated into cardiology, orthopedic, oncology, neurology, nephrology, dental, gynecology, and others. In terms of end-user, the market has been split into hospitals, clinics, research and academic institutes, diagnostic centers, and ambulatory surgical centers. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Based on software type, integrated software was a highly attractive segment of the market in 2017. The segment is expected to remain highly attractive during the forecast period. Expansion of the segment is attributed to the increasing usage of medical imaging devices and need for advanced diagnostic techniques. In terms of imaging type, the 4D imaging segment is expected to expand at a rapid pace during the forecast period, due to the advanced technology used in 4D imaging. Presently, 3D imaging is the widely used technique, since it provides three-dimensional analysis, which makes diagnosis easier. Based on modality, the ultrasound segment dominated the market, in terms of revenue, and held a major share, in 2017. Significant use of ultrasound is done during the term of pregnancy for validating the progression of the fetus. Furthermore, rise in population is boosting the usage of ultrasound technology. Consequently, the segment is projected to account for a substantial share of the market during the forecast period. Based on application, the oncology segment accounted for a notable share of the market owing to the increasing incidence of cancer, globally, which in turn drives the segment. Based on end-user, the hospitals segment accounted for a prominent share of the market in 2017. It is expected to dominate the market during the forecast period. Increase in patient population and improvement in health care infrastructure are expected to drive the segment during the forecast period.

In terms of geography, North America held a significant share of the global medical image analysis software market in 2017. In North America, increasing incidence of cancer and cardiovascular diseases is an important factor driving the market in this region. Europe followed North America, in terms of share of the global medical image analysis software market. Innovation in medical technology, rising demand for diagnosis, and improved per capita income have propelled the medical image analysis software market in this region. Latin America and Asia Pacific are likely to be lucrative markets during the forecast period. Cumulatively, they accounted for 29.4% share of the global market in 2017. Asia Pacific is a highly lucrative market due to the increasing incidence of diseases and investment of key players in this region. The market in Middle East & Africa is expanding at a sluggish pace due to sluggish economic growth, less awareness, and low per capita income in the region.

Major players operating in the medical image analysis software market are GE Healthcare, Siemens Healthineers, Agfa-Gevaert N.V., Hologic Inc., Pie Medical Imaging, Media Cybernetics, Inc., AQUILAB, MIM Software Inc., Merge Healthcare Incorporated., and ScienceSoft USA Corporation.

Global Medical Image Analysis Software Market: Overview

This report analyzes the current and future scenario of the global medical image analysis software market. Increase in patient population, rise in the prevalence of chronic disorders, increase in the geriatric population, increase in per capita health care expenditure, improvement in health care infrastructure, and rise in the number of contractual agreements and acquisitions by manufacturers are key factors that are projected to drive the global market during the forecast period.

The global medical image analysis software market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on software type, imaging type, modality, application, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the overview section. Additionally, the section comprises a competitive matrix and company profiles along with business overview to understand the competitive landscape in the market. This section of the report also provides market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global medical image analysis software market.

Global Medical Image Analysis Software Market: Key Segments

The global medical image analysis software market has been segmented based on software type, imaging type, modality, application, end-user, and region. In terms of software type, the global market has been classified into integrated software and standalone software. Based on imaging type, the medical image analysis software market has been categorized into 2D imaging, 3D imaging, and 4D imaging. In terms of modality, the market has been bifurcated into CT, MRI, PET, SPECT, ultrasound, radiographic imaging, and other modalities. Based on application, the market has been segregated into cardiology, orthopedic, oncology, neurology, nephrology, dental, gynecology, and others. In terms of end-user, the market has been split into hospitals, clinics, research and academic institutes, diagnostic centers, and ambulatory surgical centers. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Medical Image Analysis Software Market: Regional Outlook

In terms of region, the global medical image analysis software market has been segmented into North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa. The market size and forecast for each of these regions and the mentioned countries/sub-regions have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in the Report

The report also profiles major players in the global medical image analysis software market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The major players profiled in the market report include GE Healthcare, Siemens Healthineers, Agfa-Gevaert N.V., Hologic Inc., Pie Medical Imaging, Media Cybernetics, Inc., AQUILAB, MIM Software Inc., Merge Healthcare Incorporated., and ScienceSoft USA Corporation.

The global medical image analysis software market has been segmented as below:

Software Type

 

  • Integrated
  • Standalone

Imaging Type

  • 2D imaging
  • 3D imaging
  • 4D imaging

Modality

  • CT
  • MRI
  • PET
  • SPECT
  • Ultrasound
  • Radiographic imaging
  • Other Modalities

Application

  • Cardiology
  • Orthopedic
  • Oncology
  • Neurology
  • Nephrology
  • Dental
  • Gynecology
  • Others

End-user

  • Hospitals
  • Clinics
  • Research and academic institutes
  • Diagnostic centers
  • Ambulatory Surgical Centers

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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Medical Image Analysis Software Market 2018 2026

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