Medical Image Analysis Software Market to Witness Comprehensive Growth by 2027

According to Transparency Market Research's latest report on the global medical image analysis software market for the historical period 2017-2018 and forecast period 2019-2027, increase in the incidence of chronic diseases, rise in geriatric population, increase in the adoption of 4D imaging techniques, and rise in demand for medical imaging are projected to drive the global medical image analysis software market during the forecast period

According to the report, the global medical image analysis software market was valued at US$ 2.91 Bn in 2018 and is anticipated to expand at a CAGR of 8.1% from 2019 to 2027.

Get Sample Copy of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5306

Increasing demand for medical imaging: Key Drivers

Medical imaging provides diagnosis of various diseases such as cancer, cardiovascular diseases, and neurological and gynecological disorders. Undergoing the medical imaging procedures such as CT, MRI, ultrasound, PET, and SPECT has various benefits such as early diagnosis of a disease, less need for surgery, fewer hospital admissions, and reduction in hospital stay.

In the emergency department, medical imaging has shortened the patient's waiting time. According to American College of Radiology, the diagnostic imaging industry has expanded over a decade due to the population being covered under Medicare, particularly for expensive techniques such as CT, MRI, and PET.

According to NHS England, 39.8 million imaging tests were reported in England by the end of March 2017, as compared to 37.9 million imaging tests by the end of March 2014. Among these, 22.6 million tests were radiography, 8.57 million were ultrasound, 4.20 million were CT, and 2.89 million were MRI scan.

The increasing demand for medical imaging is likely to boost the medical imaging analysis software market during the forecast period.

Read Report Overview @ https://www.transparencymarketresearch.com/medical-image-analysis-software-market.html

Increasing Incidence of Chronic Diseases such as Cancer and Cardiovascular Diseases Boost Market Growth

Cancer is a serious health problem affecting large population across the globe. Diagnosis at an early stage and treatment for cancer when it affects the immune system pose a challenge for health care service providers. According to WHO, in 2017, there were 14 million new cases of cancer and approximately 8.2 million deaths caused by cancer every year. Around 70% rise in the number of cancer cases across the globe is expected in the decade, with 60% of these cases from Africa, Asia, and Latin America.

Cardiovascular diseases are also highly prevalent across the globe and is a major cause of deaths in developed countries. Increasing incidence of obesity, changing lifestyles of people, and their unhealthy eating habits lead to increase in the incidence of cardiovascular diseases. According to WHO, 17.5 million people die of cardiovascular diseases every year, which accounts for 31% of the total deaths.

Thus, increasing incidence of cancer and cardiovascular diseases would boost the CT and MRI imaging market which will in turn drive the software market during the forecast period

Get Report Methodology @ https://www.transparencymarketresearch.com/sample/sample.php?flag=RRM&rep_id=5306

High Cost Associated With Medical Imaging Procedures to Hamper Market

Medical imaging has become an essential test for diagnosis of diseases and also, before the surgery.

The cost associated with medical imaging is very high; for instance, the average cost of MRI scan is US$ 400 - US$ 3,500, CT scan is US$ 1200, ultrasound is US$ 200 - US$ 1,000, PET scan is US$ 3,000 - US$ 20,000, and SPECT scan is US$ 3,500. With the increasing number of diseases, requirement for undergoing diagnostic procedures at every stage of a disease is high.

High cost associated with imaging techniques and the medication becomes a hindrance to several people that belong to the middle-income group.

Due to the cost associated with medical imaging and treatment, the people in low-income countries, who are not covered under medical insurance, hesitate to avail medical services. This causes a major hindrance for growth of the medical imaging analysis software market.

Get Custom Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=5306

Global Medical Image Analysis Software Market: Competitive Landscape

This report profiles major players in the global medical image analysis software market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

Leading players operating in the global medical image analysis software market are

GE Healthcare
Siemens Healthineers
Agfa-Gevaert N.V.
Hologic Inc.
Pie Medical Imaging
Media Cybernetics, Inc.
AQUILAB
MIM Software Inc
Merge Healthcare Incorporated.
ScienceSoft USA Corporation.

Contact

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

This release was published on openPR.