Medical Imaging Analytics Market

Report Description
Table of Contents

Report Description

The global medical imaging analytics market size is estimated to be USD xx billion in 2021 and is expected to witness a CAGR of xx% during the forecast period. Technical developments in medical imaging systems and analysis software a key driver for the growth of the global medical imaging analytics market. Additionally, growth in public and private-sector investments in the market and increase in use of imaging equipment as a result of rising chronic diseases are some of the other drivers propelling the market growth. Nevertheless, budget constraints and hacking-related risks related with the usage of imaging equipment and software are expected to restrain the global market growth.

Global Medical Imaging Analytics Market Size (USD Billion), 2021-2029

Source: Erevna Healthcare

By Type

Based on type, the market is segmented into integrated and standalone software. In 2021, the standalone software segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is attributed to benefits offered such as high flexibility and easy-to-use tools to examine, estimate, and process imaging data worldwide. Integrated software segment projected to grow at a profitable CAGR during the forecast period. This is attributed to the growing initiatives by various government and private organizations in development of integrated software.

By Image Type

Based on image type, the market is categorized into 4D imaging, 3D imaging, and 2D imaging. In 2021, the 4D imaging segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to technical improvements in 4D imaging technology that enables the efficient and precise real-time visualization that helps the medical staff in getting the accurate diagnostics worldwide. The 3D imaging segment is anticipated to grow at a profitable CAGR during the forecast period, due the launch of new products and increase in adoption of these technologies in the healthcare industry.

By Modality

Based on modality, the market is categorized into ultrasound imaging, tomography, radiographic imaging, and combined modalities. In 2021, the tomography segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the introduction of innovative products in the market is estimated to drive the demand worldwide. The radiographic imaging segment is anticipated to grow at a profitable CAGR during the forecast period, due to the launch of radiography x-ray systems and adoption of these instruments in the medical industry.

By Application

Based on application, the market is categorized into neurology, cardiology applications, obstetrics and gynaecology, orthopaedics, oncology applications, respiratory applications, mammography applications, dental applications, and urology & nephrology. In 2021, the cardiology applications segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the increase in cases of cardiovascular and congenital heart diseases along with the rise in government support to expand the availability of treatments worldwide. The oncology applications segment is anticipated to grow at a profitable CAGR during the forecast period, due to occurrence of cancer is growing at a disturbing rate globally.

By End User

Based on end user, the market is categorized into diagnostic centers, hospitals, and research centers. In 2021, the hospitals segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the growing supportive infrastructure that is vital in performing surgical involvements by using the medical imaging software worldwide. The research centers segment is anticipated to grow at a profitable CAGR during the forecast period, due to the favourable compensation initiatives by governments globally has resulted in more surgery volumes.

Regional Insights

In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the favourable repayment scenarios, growth in initiatives from government, technologically advanced diagnostic centers, accessibility of technological advanced products in the region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the growth in healthcare expenditure, growing government and corporate investment in healthcare sector, and increase in adoption of medical imagining systems, are the major factors in this region.

Competitor Insights

Some of the key players in the medical imaging analytics market are AQUILAB (France); AGFA Healthcare (Belgium); Carestream Health, Inc. (U.S.); GE Healthcare (U.S.); Esaote S.p.A (Italy); Image Analysis (U.K.); Merge Healthcare, Inc. (U.S.); INFINITT Healthcare Co, Ltd. (South Korea); MIM Software Inc. (U.S.); and Mirada Medical Limited (U.K.). The leading players operating in the medical imaging analytics industry are adopting various strategies including R&D investments, adaption of advanced techniques, new technology launches, mergers & acquisitions, and regional expansions to capture a maximum revenue share.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The medical imaging analytics market report is categorized into the following segments and subsegments: