Medical Image Processing Software Market Gross Margin, Analysis & Forecast to (2017-2025): MIM Software Inc, Philips Healthcare (Koninklijke Philips N.V.)
Medical image processing software is an important part of diagnostic machines. Medical image processing software helps in enhancing and accurately identifying the features of an image. This software is helpful for viewing, storing, training, and sharing data across medical industries. Medical image processing software increases the effectiveness and efficiency of medical procedures and this will continue to drive the market worldwide. Government initiatives for achieving increased efficiency in medical procedures, technological advancements, and a growing demand for imaging modalities will bode well for the growth of this market. Growing incidences of cancer, growing applications of computer aided design, fusion of technologies, and automated image analysis are other growth factors which will drive the global medical image processing software market.
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The awareness about the advantages of medical image processing software in diagnostics is expected to increase in the forecast period from 2017 to 2025 and this will have a positive impact on the market. The rising geriatric population is another key driver for this market. On the other hand, hacking could be a challenge for the market. The drawbacks associated with the software can also be a factor that hampers the adoption rate of medical image processing software. However, players are increasingly investing in research and development to eliminate drawbacks and also prevent hacking. The use of medical imaging software for enabling improved patient care and enhanced operating productivity by empowering healthcare professionals, doctors, and clinicians with flexibility and ease of handling, will ensure a continued growth of this market.
Global Medical Image Processing Software Market: Brief Overview
In the last few years, improved diagnosis has led to new developments in the technology of medical image processing and software employed in it. Furthermore, developments in medical imaging devices have augmented the need for feasible image processing, storage, and sharing solutions. At present, the medical imaging methods are particularly transfigured with the help of modern computer graphics. Medical image processing software delivers better-quality precision by early detection of life intimidating diseases such as macular degeneration and others. The medical field has witnessed an amplified use of the medical image processing software that enables enhanced visualization of imaging data.
Global Medical Image Processing Software Market: Prevalent Trends
The demand for medical image processing software is anticipated to intensify owing to the rising geriatric population and increasing demand for advanced healthcare. The medical image processing software market is chiefly driven by explosive increase in complexity and volume of imaging data. Moreover, mounting demand for imaging solutions with enhanced efficiency and reduced cost along with increasing adoption of eHealth infrastructure is anticipated to further boost the demand for the medical image processing software. The robust advancement in imaging technologies has alone led to the generation of huge amount of data. The expansion of cloud computing infrastructure for research, medical, and healthcare facilities is further anticipated to provide key opportunities for the growth of the medical image processing software market.
Currently, portable electronic tablets are progressively used in order to enhance consultation and reduce the time of waiting of patients. Medical image processing software in tablets help doctors to review images effortlessly on mobile devices. Recently, Mobisante developed a smartphone based on the ultrasonic imaging system. Moreover, Skin Analytics Ltd. introduced a software application that can enable people to track the structure and color of their moles. The cloud computing market for hospitals and research institutes is anticipated to grow as it provides better facility to process and store images. Thus, the key technological trends for medical image processing software are increasing use of portable tablets and cloud computing.
Global Medical Image Processing Software Market: Key Segments
In terms image type, the medical image processing market is classified into 2 dimensional, 3 dimensional, and 4 dimensional images. Several end users of medical image processing software market are diagnostic centers, research and development institutes, and hospitals. Based on modalities, medical imaging is categorized into fluoroscopy, mammography, nuclear medicine, magnetic resonance imaging, single photon emission tomography, positron emission tomography, computed tomography, ultrasound, and x-ray.
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Global Medical Image Processing Software Market: Regional Outlook
Geographically, North America accounted for the leading share in the medical image processing software market closely followed by Europe. Countries such as India, China, Japan and South Korea are anticipated to contribute positively towards the growth of the medical image processing software market.
Global Medical Image Processing Software Market: Vendor Landscape
The key players of the market are Elekta AB, Claron Technology Inc., GE Healthcare, Esaote S.P.A., Riverain Technologies, Toshiba Medical Systems Corporation, MIM Software Inc, Philips Healthcare (Koninklijke Philips N.V.), Brain Innovation B.V., and Amirsys Inc among others. With increasing competition, players are focusing on positioning themselves strongly by addressing the diversified needs of customers through effective and robust medical imaging software.
The study presents reliable qualitative and quantitative insights into:
Market segments and sub-segments
Market trends and dynamics
Supply and demand chain of the market
Market valuation (revenue and/or volume)
Forces defining present and estimated future state of the competitive landscape
Value chain and stakeholder analysis
The regional analysis covers:
Middle East and Africa
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