Although the opportunities in the market for medical image analysis
software will continue to progressively expand in the near future as
a result of improving healthcare infrastructure across the world, the
competitive landscape will also remain fragmented owing to increasing
number of participating companies – notifies the analyst of a fresh
business intelligence report by Transparency Market Research (TMR).
There is a large pool of suppliers in the global medical image
analysis software market and the end users have plenty of options to
choose from. That being said, a handful of players do hold a position
of strength over their competitors, such as Siemens Healthineers, GE
Healthcare, Agfa-Gevaert N.V., Hologic Inc., Philips Healthcare, Pie
Medical Imaging, Sciencesoft USA Corporation, and Toshiba Medical
Systems Corporation. The prominence of these players is a result of
their technologically advanced products.
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For instance, Siemens Healthcare offers Syngo medical imaging
software that makes analysis, storage, and sharing of diagnostic
images an efficient clinical process. The software makes magnetic
resonance and computed tomography results readily available to the
caregivers. On the other hand, GE Healthcare offers CardEP, which is
an integrated software for image analysis for the applications of
electrophysiology and cardiovascular. The software makes it possible
to display the process of heart anatomy and pulmonary veins, reformat
them, and analyze as a 2D or 3D cardiac ST images. For the newer
players to make a mark in this market, they will have to develop
innovative technology to counter the technology and healthcare
giants.
According to the evaluations of the TMR report, the global medical
image analysis software market will attain a valuation of US$4,668.8
mn by the end of 2024, with the demand projected to proliferate at a
CAGR of 8.34% during the forecast period of 2017 to 2024. The report
has segmented the market for the software to analyze medical images
on the basis of software type (standalone and integrated), imaging
type (2D, 3D, and 4D), modality (radiographic imaging, ultrasound,
PET, SPECT, MRI, and CT), application (orthopedic, neurology,
cardiology, oncology, nephrology, gynecology, dental, and others),
and end users (research and academic institutes, clinics, hospitals,
diagnostic centers, and ambulatory surgical centers). Geographically,
North America is highlighted as the region with maximum potential in
terms of demand, although Europe and Asia Pacific are other two
regions with similar lucrativeness.
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The demand for the software that can efficiently analyze medical
image is expanding on the back of the prevalence of several chronic
diseases such as cancer and CVDs. Percentage of geriatric population
is on the rise too, which is extending the demand for tools that can
enhance assessment of diagnostic images and detect diseases at an
early stage. In addition to that, advent of 4D imaging technique is
expected to be a boon for the medical image analysis software market.
The 4D imaging provides detailed information about temporal and
spatial evolution of 3D blood flow with full volumetric coverage of
any cardiac region. The 4D imaging in MRI is useful to assess blood
flow parameters associated with markers of Doppler ultrasound and
echocardiography. Hence, the 4D imaging is beneficial for the
evaluation of cardiovascular diseases.
Similarly, the 4D ultrasound technique provides complete fetal
assessment in prenatal condition including fetal face, grimacing,
breathing movements, swallowing, mouthing, isolated eye blinking
patterns, and direction of limbs. These all are more convincing
results than 2D imaging or 3D imaging. With the use of 4D ultrasound
technique, prenatal neurodevelopment problems such as ADHD,
schizophrenia, epilepsy, and autism can also be detected.
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