With a large pool of leading players, such as, Varian Medical
Systems, Mindray Medical, Hitachi, Toshiba, Fujifilm, Siemens
Healthcare, Philips, Neusoft Medical Systems, Hologic, GE Healthcare,
and Esaote, the global market for medical imaging information systems
observes a competitive and a fragmented business landscape, finds a
research report by Transparency Market Research (TMR).
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These players are concentrating on product innovations and
upgradation for the proliferation of their businesses, which is
likely to boost this market substantially in the years to come. The
focus of these players will also shift towards strategic partnerships
and alliances to strengthen their presence in the global market,
notes the research study.
The global market for medical imaging information systems is expected
to witness tremendous growth in the years to come. According to the
TMR’s estimations, the opportunity in this market is likely to soar
to US$772.4 mn by 2017. The rising streak of this market will
continue further with it expanding significantly at a CAGR of 5.20%
over the period from 2017 to 2022 and reaching US$993.6 mn by the end
of the end of the forecast period. Currently, computed tomography has
emerged as the most preferred modality among consumers and the trend
is expected to continue in the near future.
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North America, the Middle East and Africa, Europe, Asia Pacific
excluding Japan, Latin America, and Japan have surfaced as the main
regional markets for medical imaging information systems across the
world. North America, among these, has been leading the global market
over the last few years and is projected to maintain its lead in the
near future. The regional market, expanding at a CAGER of 5.50% over
the forecast period is expected to benefits from the presence of a
state-of-art medical and health care infrastructure and adequate
number of skilled professionals, states the market report.
“The global market for medical imaging information systems is
gaining significant impetus from the rising need for effective
management of medical imagery and associated information and data,”
says the author of this study. The increasing awareness among
consumers regarding the efficiency of medical imaging information
systems to track the billing information and orders of radiology
imaging is expected to further fuel the uptake of these systems
across the world in the years to come. The augmenting application of
these systems in billing, record-keeping, and managing image archives
together with vendor neutral archive (VNAs) and PACS is also
projected to boost this market considerably over the next few years.
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On the other hand, the market is likely to face hindrances in the
near future due to the lack of skilled medical and healthcare
professionals, especially in emerging economies. However, the
continual technological advances in information systems is
anticipated to propel this market noticeably in the coming years,
states the research report.
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