With the emergence of various leading players the overall medical
image analysis software market exhibits an exceptionally fragmented
landscape. Some of the prominent participants in the market are
Siemens Healthineers, GE Healthcare, Hologic Inc., Pie Medical
Imaging, Agfa-Gevaert N.V., Carestream Health, Inc., AQUILAB, Esaote
SpA, Philips Healthcare, Sciencesoft USA Corporation, Mirada Medical
Limited, Analogic Corporation, Merge Healthcare Inc., and Toshiba
Medical Systems Corporation. These players, all things considered,
are foreseen to account for 23.5% of the entire market in year in
2015. The report likewise profiles organizations that are predicted
to stay dynamic in the worldwide medical image analysis software
market till 2022. As of now, organizations are effectively engaged
with product development to gain a competitive edge over their
companions. Nevertheless, an attempt towards mergers and
collaborations can be seen over the coming years.
According to Transparency Market Research, the market is foreseen to
experience significant growth with a strong CAGR of 8.10% within the
forecast period, to attain a value of US$4.66 bn by 2024.
Geographically, North America leads the race and in 2015 held 34% of
overall market shares.
Owing to rise in number of chronic illness around the world, the
demand for medical image analysis software is a rising. Furthermore,
the trend of utilizing electronic health records to store, circulate
and manage patient’s health information as medical images is also
boosting the medical image analysis software market. Besides, as a
result of constant medical innovations, for example, computer aided
diagnosis, there is a scope for tremendous progress in the usage of
new and improved medical image software devices supporting in the
treatment of a various types of sicknesses like tumor.
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In the medical image analysis, the health related issues are examined
with the help of computerized image and different other imaging
modalities. Medical image analysis software is used to improve the
adequacy and proficiency of medical treatment. The upsides of
utilizing such kind of software are upgraded image quality, high
determination of images and multi-modular imaging stages which are
favored by doctors. It also enables sharing of medical image records
among specialists and healing centers thereby making the task of
diagnosing and treating much easier. These are the components driving
the worldwide medical image analysis software market.
The development of the market is credited to progress in medical
imaging frameworks and analysis software, private and public
investments in the medical imaging market, expanding utilization of
imaging devices because of increase in the cases of chronic ailments,
and rising uses of computer aided diagnosis. Developing requirement
for automated image analysis devices, rising acceptance of
cloud-based imaging systems, and undiscovered developing markets are
expected to offer critical development scope for manufacturers in the
coming few years.
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