Medical Image Analysis Software Market by Type, Images, Modality, Application, End User - Global Forecasts to 2022

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Sep 11, 2017, 14:09 ET

NEW YORK, Sept. 11, 2017 /PRNewswire/ -- The medical image analysis software market is expected to reach USD 3.88 billion by 2022 from USD 2.61 billion in 2017, at a CAGR of 8.2% during the forecast period. Technological advancements in medical imaging systems and analysis software, growing public- and private-sector investments in the medical imaging market, increasing use of imaging equipment due to rising prevalence of chronic diseases, fusion of imaging technologies, and growing applications of computer-aided diagnosis are driving the growth of the medical image analysis software market. On the other hand, budgetary constraints may hinder the growth of the market in the coming years.

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"The standalone software segment is expected to witness the highest growth during the forecast period."
Based on type, the medical image analysis software market is segmented into integrated and standalone software. The standalone software segment is expected to register the highest CAGR during the forecast period. The high growth of this market segment is attributed to the high flexibility and easy-to-use tools to inspect, evaluate, and process imaging data.

"2D imaging to dominate the medical image analysis software market in 2017."
Based on image type, the medical image analysis software market is segmented into 2D, 3D, and 4D image types. The 2D imaging segment is expected to dominate this market with the largest share in 2017. The large share of this segment can be attributed to its low costs, fast image acquisition capabilities, and reliability.

"North America to dominate the market and Asia to witness the highest growth during the forecast period."
In 2017, North America is expected to account for the largest share of the medical image analysis software market. Factors such as the growing geriatric population, high incidence/prevalence of various diseases, the large number of imaging centers in this region, ongoing research, fast adoption of technologically advanced imaging systems, and increasing awareness about the benefits of early disease diagnosis are supporting the growth of the medical image analysis software market in the region. In addition, Asia is expected to register the highest CAGR during the forecast period. The growth in this region is mainly attributed to the rising government initiatives for the modernization of healthcare infrastructure and focus on research activities in this field.

The primary interviews conducted for this report can be categorized as follows:
• By Company Type: Tier 1 – 44%; Tier 2 - 36%; Tier 3 - 20%.
• By Designation (Supply Side): C-level- 22%; D-level- 28%; Others*- 50%.
• By Designation (Demand Side): Doctors/Physicians/Radiologists- 67%; Researchers - 20%; Others**- 13%.
• By Region: North America–48%; Europe-21%; Asia-26%; RoW-5%.

*Note: In the supply side, others include sales managers, marketing managers, and product managers, while, on the demand side, others include laboratory technicians, hospital purchase managers, and consultants

List of Companies Profiled in the report
• AGFA Healthcare
• AQUILAB
• Carestream Health, Inc.
• Esaote S.p.A
• GE Healthcare
• Image Analysis
• INFINITT Healthcare Co, Ltd.
• Merge Healthcare, Inc.
• MIM Software Inc.
• Mirada Medical Limited
• Philips Healthcare
• ScienceSoft USA Corporation
• Siemens AG
• Toshiba Medical Systems Corporation
• Xinapse Systems Ltd.

Research Coverage:
The report provides an overview of the medical image analysis software market. It aims at estimating the market size and future growth potential of this market across different segments such as type, image type, modality, application, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them with the closest approximations of the revenue numbers for the overall medical image analysis software market and its subsegments. This report will help stakeholders to understand the competitor landscape better and gain insights to position their businesses better and make suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information regarding key market drivers, restraints, challenges, and opportunities.

Read the full report: https://www.reportlinker.com/p05096186

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