ALBANY, New York, July 7, 2020 /PRNewswire/ -- The global medical image analysis software market will witness growth at the rate of 8.1%, compounded annually over the period 2019 to 2027. This will lead to increase in market worth from USD 2.91 billion in 2018 to USD 5.87 billion by the end of the forecast period. The growth will be an outcome of a number of trends and drivers, propelling the market forward.
As per Transparency Market Research, "The world is witnessing increased participation in sports activities, and increase in number of aged people. Both factors are set to be massive growth propellers over the forecast period."
Key Drivers of Growth in Global Medical Image Analysis Software Market:
A number of significant trends are anticipated to push the global medical image analysis software market over a high growth trajectory. A glimpse into these, coupled with some prominent growth factors is provided below:
Increase in number of people aged 60 and above is growing and this is pushing the demand for medical image analysis software market upward
By 2050, 2 billion people will mark the age group of 60 and over, one in every six will belong to that of 65 and above
More people across the world are participating in physically strenuous sports and fitness activities, driving demand for medical imaging
Incidence of CVD is growing; it takes about 17 million lives every year
Poor choices such as unbalanced diet and sedentary lifestyle are driving up cases for CVD
Increase in cases of cancer is a notable propeller of growth in the global medical image analysis software market
Competitive Landscape of Global Medical Image Analysis Software Market:
The vendor landscape of global medical image analysis software market is competitive owing to presence of a large number of proactive players. Top players in the market 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, among others.
The global medical image analysis software market has been segmented as follows:
Global Medical Image Analysis Software Market, by Software Type
Integrated software type
Standalone software type
Global Medical Image Analysis Software Market, by Imaging Type
Global Medical Image Analysis Software Market, by Modality
Global Medical Image Analysis Software Market, by Application
Global Medical Image Analysis Software Market, by End-user
Research and Academic Institutes
Ambulatory Surgical Centers (ASCs)
Global Medical Image Analysis Software Market, by Region
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:
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