Cardiac Imaging Software Market 2023 Top Key Players are Koninklijke Philips N.V., Siemens Healthineers, Toshiba Corporation, Shimadzu Corporation, Agfa healthcare

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The global market of cardiac imaging software is expected to grow at a CAGR of approximately 8.17% during the forecast period, 2017-2023.

Market Scenario:

Cardiac imaging software is an application which can be used in conjugation with imaging device and consists of data or instructions. Heart diseases and cardiovascular diseases are the leading causes of deaths across the globe. Cardiac imaging softwares are gaining prominence in the imaging device market. These softwares are used in conjugation with imaging devices and eliminates the need for specially devised heart imaging systems such as cardiac ultrasound and cardiac MRI, etc. The imaging software such as cvi42, cmr42 are some of the commonly used cardiac imaging softwares in the market. The real time images recovered from the software can be used to perform surgeries and diagnosis of diseases with a chance of future occurrence.

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The cardiac imaging software can show structural and functional change of the heart that can be further analyzed and contemplated to understand any present and future possibilities of heart conditions. The growth of these softwares is majorly attributed due to increasing prevalence of heart diseases and diabetes. The group of cardiovascular disease which can be diagnosed using these software include coronary heart disease, cerebrovascular disease, peripheral arterial disease, rheumatic heart disease, congenital heart disease, deep vein thrombosis and pulmonary embolism.

The cardiac imaging software also aids in selection of the treatment procedure. For instance, for patients suffering from coronary artery disease, the results of imaging could be used to select between procedures such as placing stents in the arteries or performing bypass surgery or pursuing treatment with medications.

Various other factors such as, increasing advancement in technology, and rising adoption rate of new technology continuously contribute to the growth of this market. Despite these developments, lack of diagnostic systems and treatment facilities, low healthcare expenditure, and unfavorable taxation policies may hamper the growth of the market. Additionally, many healthcare professionals have started using these software, especially in tertiary care centers and specialty hospitals which may pose as a restraint and may reduce the demand for the cardiac imaging software.

Key Findings:

Americas cardiac imaging software market was estimated to be USD 97.6 million in 2016
The tomography segment is expected to grow at a CAGR of 7.67%
According to the end user, the diagnostic centers is the fastest growing segment at a CAGR of 8.48%
Segmentation:

The Global Cardiac Imaging Software Market is segmented on the basis of imaging modalities and end-users.

On the basis of the imaging modalities, the global cardiac imaging software market is divided into tomography, ultrasound imaging, radiographic imaging and combined modalities. The tomography is further categorized into Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET) and Single-Photon Emission Computed Tomography (SPECT).

On the basis of the end users, the global market for cardiac imaging software comprises of hospitals & clinics, diagnostic centers, and others.

Key Players:

Top Key players in the Global cardiac imaging software market are Koninklijke Philips N.V. (the Netherlands), Siemens Healthineers (Germany), Toshiba Corporation (Japan), Shimadzu Corporation (Japan), Agfa healthcare (U.S.), TOMTEC IMAGING SYSTEMS GMBH (Germany), Circle Cardiovascular Imaging Inc. (U.S.), CardioComm Solutions Inc. (Canada), Integer Holdings Corporation (U.S.), Pie Medical Imaging (the Netherland), HeartSciences (U.S.), 3mensio Medical Imaging (U.S.), eMedica, S.L. (U.S.). Heart Imaging Technologies, LLC, McKesson Corporation (U.S.), GE Healthcare (U.S.), Medis medical imaging systems (Netherland), Creavo Medical Technologies (U.K), Pixmeo SARL (Switerzland), Fujifilm Holdings Corporation (Japan), Positron Corporation (U.S.)

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Regional Analysis:

The global cardiac imaging software market consists of countries namely the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas dominated the cardiac imaging software market owing to increasing demand for the cardiac monitoring devices, presence of huge patient population, and advancements in the technology sector.

Europe commands the second largest market for cardiac imaging software which is followed by Asia Pacific. Each year cardiovascular disease (CVD) causes more than 1.8 million deaths in the European Union (EU). CVD accounts for 45% of all deaths in Europe. The growing demand for outpatient surgeries and increasing preference of software, as it eliminates the need for specialized cardiac imaging devices are some of the factors intended for cost saving technology and further increases the demand for imaging devices in European countries.

Asia Pacific is the fastest growing cardiac imaging software market owing to the increasing number of patients suffering from cardiac diseases and rapidly increasing demand for the cardiac imaging devices. Japan is the largest market for cardiac imaging software. Increase in prevalence of heart strokes and chronic diseases that require surgical procedures and medical tourism in Asia Pacific region are favoring the growth of this market.

On the other hand, the Middle East & Africa hold the least share of the market owing to less availability of funds, limited availability of medical facilities, and poor political conditions in Africa.

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This release was published on openPR.