Medical Imaging Software Market is expected to grow significantly over the forecast period
Medical Imaging Software Market Research Report: Information by Software Type (Integrated & Stand-Alone), Imaging Type (2D, 3D, & 4D), Modality (CT & MRI), Application (Neurology & Cardiology), & End User (Clinics & Hospitals) — Global Forecast till 2027
The global medical imaging software market is expected to exhibit a strong 8.4% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global medical imaging software market is set to exhibit a robust growth rate over the forecast period due to the growing demand for sophisticated and capable medical imaging software and the growing use of medical imaging in diagnostic and surgical procedures. The report presents a detailed breakdown of the major factors affecting the global medical imaging software market’s growth positively as well as negatively, providing the readers with a comprehensive overview of the global medical imaging software market’s economic environment and major drivers and restraints. The major players operating in the global medical imaging software market are also profiled in the report with the help of detailed competitive profiles, providing the readers with a complete overview of the competitive landscape of the market.
The medical imaging software market has exhibited robust growth over the last few years due to the growing demand for medical imaging in diagnostic procedures. The dentistry sector has emerged as a major end user of diagnostic imaging devices in the last few years, with the growing demand for oral procedures leading to a growing demand for diagnostic imaging devices. The increasing availability of advanced, highly sophisticated imaging techniques for dental diagnosis and surgeries is likely to remain a key driver for the medical imaging devices market over the forecast period.
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The increasing demand for minimally invasive surgeries is also likely to be a major driver for the global medical imaging software market over the forecast period. Minimally invasive surgeries are surgeries that minimize the need for cutting up and opening up a patient’s body and instead rely on superior imaging tools to acquire a picture of the area being operated. This is likely to remain a key driver for the medical imaging software market over the forecast period.
Competitive Analysis:
Leading players in the global medical imaging software market include IBM Corporation, Fujifilm Holding Company, Acuo Technologies, ScienceSoft USA Corporation, Merge Healthcare Inc., MIM Software Inc., AQUILAB, Media Cybernetics Inc., Pie Medical Imaging, Hologic Inc., Agfa-Gevaert N.V., Siemens Healthineers, and GE Healthcare. Leading players in the global medical imaging software market are likely to focus on product development in the coming years, as there is significant scope in the market for major product advancements providing a significant update in terms of technology and capability.
In September 2019, Richardson Healthcare announced CE Mark approval for its ALTA750 X-ray tube.
Segmentation:
The global medical imaging software market has been segmented by software type, imaging type, modality, application, end use, and region.
By software type, the global medical imaging software market is segmented into integrated and standalone software.
By imaging type, the global medical imaging software market is segmented into 2D imaging, 3D imaging, and 4D imaging.
By modality, the global medical imaging software market is segmented into computed tomography (CT), magnetic resonance imaging (MRI), radiography, photoacoustic imaging, nuclear medicine, echocardiography, ultrasound, thermography, and others.
By application, the global medical imaging software market is segmented into neurology, oncology, cardiology, musculoskeletal, obstetrics and gynecology, dental, urology and nephrology, and others.
By end use, the global medical imaging software market is segmented into clinics and hospitals, diagnostic centers, research laboratories, and others.
Regional Analysis:
The Americas is the dominant regional market for medical imaging software, followed by Europe. The strong presence of medical device manufacturers in North America and Europe is majorly responsible for this breakdown, as this leads to easier and widespread availability of the latest product and technology advancements. Increasing availability of venture funding and the rising expenditure on the healthcare sector are also likely to be major drivers for the medical imaging software market in the Americas. Asia Pacific is expected to be the fastest growing market for medical imaging software due to the strong growth prospects of the healthcare sector in the region.
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