Medical Image Analysis Software Market Size, Share, Growth and Trend Analysis Report
by Susan Hill Business ConsultantThe
global medical image analysis software market size is
expected to reach USD 4.51 billion by 2024, according to a new report by Grand View
Research, Inc., registering an 8.1% CAGR during the forecast period. Increasing
incidence of chronic diseases creates demand for effective diagnostics
solutions, which spurs demand for medical image analysis software. High growth
of the industry is majorly attributed to increase in usage and uptake of image
analysis solutions for diagnosis.
In addition,
shifting focus to provide enhanced care has led to incorporation of various
computer aided diagnosis systems, which is further contributing toward growth.
Introduction of technologically advanced products such as 3D/4D platforms and
multimodality imaging platforms is also presumed to augment growth over the
coming years.
Various
benefits such as flexibility and high-resolution images, along with convenient
use of multi-modal integrated workflows, are expected to bolster demand and
increase product penetration throughout the forecast period. Stand-alone
platforms are anticipated to witness steady growth. These platforms are
user-friendly and cost less as compared to integrated solutions. These
solutions offer more details and features and are used by researchers, allowing
them to share and access research data and analyses, thereby enhancing their
ability to diagnose, research, monitor, and treat disorders. For instance, GE
healthcare’s ViewPoint 6 (for MFM) is a standalone software designed for
dedicated ultrasound reporting and image management.
Further key
findings from the report suggest:
- By type, the
integrated medical image analysis software segment is anticipated to
expand at a CAGR of 7.8% from 2016 to 2024
- On the basis of
modality, the ultrasound segment is projected to ascend at a revenue-based
CAGR of 10.5% over the forecast period
- The orthopedic
segment dominated the global market by application, accounting for over
40.0% share in 2015
- By end use,
hospitals held the largest revenue share owing to increasing adoption of
these systems for medical imaging in diagnosis of various diseases
- Asia Pacific is
expected to show significant growth owing to presence of unmet clinical
needs
- The global
market is fragmented in nature. Companies are witness fierce competition
as the industry is technology driven
- Strategies implemented by key players include collaborative agreements, new product launches, and geographical expansion.
Access full
research report on global medical image analysis software market:
www.grandviewresearch.com/industry-analysis/medical-image-analysis-software-market
Sponsor Ads
Created on Sep 5th 2019 05:01. Viewed 553 times.