Wilmington, Delaware, United States, Transparency Market Research Inc.: Medical imaging has made tremendous strides on the back two pillars: continuous technological advancements and the sheer pace of digital transformation in radiology.
Wilmington, Delaware, United States, Transparency Market Research Inc.: Medical imaging has made tremendous strides on the back two pillars: continuous technological advancements and the sheer pace of digital transformation in radiology. Enormous advancements in content management and ICTs have underpinned new workstations used in medical imaging, driving the evolution of the medical imaging management market.
As more and more datasets were generated during the growing penetration of medical imaging, the need for efficient technologies to managing them became imperative. Systems with advanced image processing capabilities became a part of the routine work of radiologists. The evolution of electronic records in both capacity and complexity has propelled the adoption of various picture archiving and communication systems (PACS), thereby propelling the growth of the medical imaging management market. Various other radiology information system and hospital information systems have been integrated with the workflows.
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Medical Imaging Management Market: Drivers, Current Growth Dynamics, Lucrative Avenues
The demand for imaging modalities in the medical imaging management market is growing in use in range of areas notably including wellness and screening of cancer and life-threatening diseases. An emerging case in point is growing demand for magnetic resonance imaging (MRI), and positron emission tomography (PET) in the management of common genitourinary cancers Concomitantly, the use of digital technologies such as PACS has been used by clinicians and radiologists to manage the patient data.
Medical imaging management systems are gaining relevance in clinical education in case-based teaching. Rise in healthcare costs is a key trend aspect that has pressed the need for addressing the overutilization of radiology imaging. This, more than ever, has led to concerns of burn-out for radiologists, and raised the out-of-pocket expenses in some populations. Hence, the need for medical imaging management system is also growing.
The growing use of imaging modalities in nuclear medicine has created a new avenue for players in the medical imaging management market.
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Medical Imaging Management Market: Competition Landscape and Key Developments
Prominent players are keen on leveraging AI-based tools and methods to manage data in medical imaging systems. In effect, the adoption of machine learning (ML) has been growing. Several players are exploring the potential of ML-based CAD uses algorithms to gain a competitive edge in the medical imaging management market. New systems that utilize health analytics helps in boost the performance of healthcare services. In recent years, several hospitals have collaborated. A Saudi Arabia-based tertiary care Center King Faisal Specialist Hospital and Research Center is harnessing the potential of medical imaging management for improving services in emergency units, and found the output to be encouraging.
Some of the key players in the medical imaging management market are Carestream Health, Inc., Fujifilm Holdings Corporation, IBM, Siemens Healthineers, and GE Healthcare. Various players are keen on advancing the features in the newly launched products in the medical imaging management market to pave the way to medical decision-making. Improvements in image acquisition, analysis, transfer, and storage functionalities have been boosting the performance of products in the medical imaging management market.
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Medical Imaging Management Market: Regional Landscape
Asia Pacific is one of the prominently lucrative regions in the medical imaging management. The rapidly increasing penetration of electronic medical records in hospitals and clinics in various economies of the region has accelerated the adoption of medical imaging management systems, notably PACS. Software vendors are keen on exploiting the latent opportunities in the developing countries and in emerging market. North America medical imaging management market has been contributing sizable opportunities to software vendors. The growing utilization of Big Data is one of the key trends of emerging markets. In developed markets, the rise in elderly population has unlocked new avenues for players in the medical imaging management market.
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