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Medical Image Analysis Software Market is estimated to be US$ 7740.86 million by 2030 with a CAGR of 8.9% during the forecast period
Medical Image Analysis Software Market is estimated to be US$ 7740.86 million by 2030 with a CAGR of 8.9% during the forecast period
The report “Global Medical Image Analysis Software Market, By Type (Integrated Software and Standalone Software), By Image Type (2D Imaging, 3D Imaging, and 4D Imaging), By Modality (Tomography (Computed tomography (CT), Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET), and Single-Photon Emission Computed Tomography (SPECT))

Medical Image Analysis Software Market accounted for US$ 3309.46 million in 2020 and is estimated to be US$ 7740.86 million by 2030 and is anticipated to register a CAGR of 8.9%. Medical image computing (MIC) is an interdisciplinary field at the intersection of computing, information engineering, EE, physics, mathematics and medicine. This field develops computational and mathematical methods for solving problems concerning medical images and their use for biomedical research and clinical care. The main goal of MIC is to extract clinically relevant information or knowledge from medical images. While closely associated with the sector of medical imaging, MIC focuses on the computational analysis of the pictures, not their acquisition. The methods are often grouped into several broad categories: image segmentation, image registration, image-based physiological modeling, et al.

The report “Global Medical Image Analysis Software Market, By Type (Integrated Software and Standalone Software), By Image Type (2D Imaging, 3D Imaging, and 4D Imaging), By Modality (Tomography (Computed tomography (CT), Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET), and Single-Photon Emission Computed Tomography (SPECT)), Ultrasound Imaging (2D Ultrasound Imaging, 3D/4D Ultrasound Imaging, and Doppler Imaging), Radiographic Imaging, and Combined Modalities (PET/CT, SPECT/CT, and PET/MR)), By Application (Orthopedics, Dental Applications, Neurology, Cardiology, Oncology, Obstetrics and Gynecology, Mammography, Respiratory Applications, Urology, and Nephrology), By End-User (Hospitals, Diagnostic Centers, and Research Centers), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030”

Key Highlights:

·         In 2021, Lantheus Holdings, Inc. (NASDAQ: LNTH) (Lantheus) announced that its subsidiary, EXINI Diagnostics AB, was granted 510(k) clearance by the U.S. Food and Drug Administration (FDA) for its digital application, aPROMISE.

Analyst View:

Increasing incidences of chronic diseases across the globe has created more demand for medical image analysis software in turn driving growth of the global medical image analysis software market. In addition, rising adoption of fusion of imaging technologies is expected to propel the growth of target market. However, a budgetary constraint among end-users is hampering growth of the global medical image analysis software market.

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Key Market Insights from the report:

Global Medical Image Analysis Software Market accounted for US$ 3309.46 million in 2020 and is estimated to be US$ 7740.86 million by 2030 and is anticipated to register a CAGR of 8.9%. Global medical image analysis software market has been segmented on the basis of type, image type, modality, application, end-user, and region.

·         On the basis of type, the target market is categorized into integrated software and standalone software.

·         On the basis of image type, the global medical image analysis software market is bifurcated into 2D imaging, 3D imaging, and 4D imaging.

·         On the basis of modality, the global medical image analysis software market is divided into tomography, ultrasound imaging, radiographic imaging, and combined modalities. Tomography sub-segment is classified into computed tomography (CT), magnetic resonance imaging (MRI), positron emission tomography (PET), and single-photon emission computed tomography (SPECT).

·         On the basis of application, the global image analysis software market is classified into orthopedics, dental applications, neurology, cardiology, oncology, obstetrics and gynecology, mammography, respiratory applications, urology, and nephrology.

·         On the basis of end-user, the target market is bifurcated into hospitals, diagnostic centers, and research centers.

·         By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for the largest share of the global image analysis software market, owing to rising prevalence of various chronic diseases which in turn increases demand for image analysis software in the U.S.

Competitive Landscape:

Some of the prominent players operating in the global image analysis software market include Agfa Healthcare Corporation, Aquilab SAS, Carestream Health, Inc., Esaote SpA, GE Healthcare Inc., Image Analysis Inc, INFINITT Healthcare Co, Ltd., Merge Healthcare, Inc., MIM Software Inc., Mirada Medical Limited, Philips Healthcare Informatics, Inc., ScienceSoft USA Corporation, Siemens Healthineers, Inc., and Toshiba Medical Systems Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.