According to the report, the global medical image analysis software market was valued at US$ 2.91 Bn in 2021 and is anticipated to expand at a CAGR of 8.1% from 2022 to 2030
According to the report, the global medical image analysis software market was valued at US$ 2.91 Bn in 2021 and is anticipated to expand at a CAGR of 8.1% from 2022 to 2030
Increasing demand for medical imaging: Key Drivers
Medical imaging provides diagnosis of various diseases such as cancer, cardiovascular diseases, and neurological and gynecological disorders. Undergoing the medical imaging procedures such as CT, MRI, ultrasound, PET, and SPECT has various benefits such as early diagnosis of a disease, less need for surgery, fewer hospital admissions, and reduction in hospital stay.
Download Sample @ https://qyresearchmedical.com/sample/111639
In the emergency department, medical imaging has shortened the patient’s waiting time. According to American College of Radiology, the diagnostic imaging industry has expanded over a decade due to the population being covered under Medicare, particularly for expensive techniques such as CT, MRI, and PET.
According to NHS England, 39.8 million imaging tests were reported in England by the end of March 2017, as compared to 37.9 million imaging tests by the end of March 2014. Among these, 22.6 million tests were radiography, 8.57 million were ultrasound, 4.20 million were CT, and 2.89 million were MRI scan.
The increasing demand for medical imaging is likely to boost the medical imaging analysis software market during the forecast period.
Increasing Incidence of Chronic Diseases such as Cancer and Cardiovascular Diseases Boost Market Growth
Cancer is a serious health problem affecting large population across the globe. Diagnosis at an early stage and treatment for cancer when it affects the immune system pose a challenge for health care service providers. According to WHO, in 2017, there were 14 million new cases of cancer and approximately 8.2 million deaths caused by cancer every year. Around 70% rise in the number of cancer cases across the globe is expected in the decade, with 60% of these cases from Africa, Asia, and Latin America.
Cardiovascular diseases are also highly prevalent across the globe and is a major cause of deaths in developed countries. Increasing incidence of obesity, changing lifestyles of people, and their unhealthy eating habits lead to increase in the incidence of cardiovascular diseases. According to WHO, 17.5 million people die of cardiovascular diseases every year, which accounts for 31% of the total deaths.
Thus, increasing incidence of cancer and cardiovascular diseases would boost the CT and MRI imaging market which will in turn drive the software market during the forecast period
High Cost Associated With Medical Imaging Procedures to Hamper Market
Medical imaging has become an essential test for diagnosis of diseases and also, before the surgery.
The cost associated with medical imaging is very high; for instance, the average cost of MRI scan is US$ 400 – US$ 3,500, CT scan is US$ 1200, ultrasound is US$ 200 – US$ 1,000, PET scan is US$ 3,000 – US$ 20,000, and SPECT scan is US$ 3,500. With the increasing number of diseases, requirement for undergoing diagnostic procedures at every stage of a disease is high.
High cost associated with imaging techniques and the medication becomes a hindrance to several people that belong to the middle-income group.
Due to the cost associated with medical imaging and treatment, the people in low-income countries, who are not covered under medical insurance, hesitate to avail medical services. This causes a major hindrance for growth of the medical imaging analysis software market.
Global Medical Image Analysis Software Market: Competitive Landscape
This report profiles major players in the global medical image analysis software market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
Leading players operating in the global medical image analysis software market are
- GE Healthcare
- Siemens Healthineers
- Agfa-Gevaert N.V.
- Hologic Inc.
- Pie Medical Imaging
- Media Cybernetics, Inc.
- AQUILAB
- MIM Software Inc
- Merge Healthcare Incorporated.
- ScienceSoft USA Corporation
Key Questions Answered in Global Medical Image Analysis Software Market Report
- What is the scope of growth of companies in the global medical image analysis software market?
- What will be the Y-o-Y growth of the global medical image analysis software market between 2019 and 2027?
- What is the influence of changing trends in technologies on the global medical image analysis software market?
- Will North America continue to be the most profitable market for medical image analysis software providers?
- Which factors are anticipated to hamper the growth of the global medical image analysis software market during the forecast period?
- Which are the leading companies in the global medical image analysis software market?
Global Medical Image Analysis Software Market – Segmentation
Software Type
- Integrated software type
- Standalone software type
Imaging Type
- 2D imaging
- 3D imaging
- 4D imaging
Modality
- CT
- MRI
- PET
- SPECT
- Ultrasound
- Radiographic imaging
- Other modalities
Application
- Cardiology
- Orthopaedic
- Oncology
- Neurology
- Nephrology
- Dental
- Gynaecology
- Others
End-user
- Hospitals
- Clinics
- Research and Academic Institutes
- Diagnostic Centers
- Ambulatory Surgical Centers (ASCs)
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Quick Buy This Premium Report From Here: https://qyresearchmedical.com/report/checkout/111639/2900
You can place an order or ask any questions, please feel free to contact sales@qyresearchmedical.com | +1 9197 992 333
About Us
QYResearch Medical, focuses on custom research, management consulting, IPO consulting, industry chain research, and data base & seminar services. The company owns large basic databases (such as National Bureau of Statistics Database, Customs Import and Export Database, Industry Association Database, etc.), expert resources (including industry experts who own more than 10 years experiences on marketing or R&D in industries of healthcare services, medical technology & devices, etc.), professional survey team (the team members obtained more than 3 years market survey experience and more than 2 years deep expert interview experience), and excellent data analysis team (SPSS statistics and PPT graphics process team).
QYResearch Medical has more than 4000 global well-known customers, covering more than 30 industries including pharmaceuticals, medical technology & devices, healthcare services etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover China, US, EU, Asia, Middle East and Africa, South America, Australia, and other regions in the world.
For Latest Update Follow Us:
URL – http://www.qyresearchmedical.com/
https://www.linkedin.com/company/qyresearch-medical/
https://www.facebook.com/QYResearch-Medical-108186514228917/