Medical Image Exchange Systems Market Top Key Players, Latest Trends, Regional Insights 2032

The market for medical image exchange systems is expected to reach US$ 3.75 billion in value in 2022 and then grow at a CAGR of 7.8% to reach US$ 7.97 billion by 2032.

Medical image exchange systems are expected to be adopted at a significant pace over the coming years due to growing adoption of IoT in the healthcare industry. Also, high acceptance of medical image exchange system software across hospitals, clinical laboratories, and other healthcare institutions will majorly drive market expansion over the coming five to six years.

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Medical Imaging Management (MIM) using PAC (Picture Archiving and Communications System) provides a completely secure, robust solution to radiology, imaging archiving, report dictation, study, and report storage. MIM can unify and accommodate a variety of environments, integrating with medical facility's legacy systems.

Key Takeaways from Market Study

By solution, medical image exchange software is anticipated to account for a leading market share of 60.2%. However, the medical image exchange system services segment is estimated to expand at a robust CAGR of 9.5% during 2022-2032.
On the basis of end user, hospitals are expected to dominate the market and surge at an estimated CAGR of 10.2% over the forecast period.
The South Asia & Pacific regional market is expected to create new growth opportunities for players in the market due to the introduction of medical imaging technologically advanced devices and the developing healthcare sector in the region.
The market in France is projected to expand at a CAGR of 10.2% through 2032, while that in Spain at around 8.9%.
Market growth in India, Indonesia, and GCC countries is expected to be much higher, at CAGRS of around 14.5%, 12.6%, and 4.2%, respectively.

"Rising trend of electronic medical images along with application of medical imaging management (MIM) systems and increased adoption of automation in diagnostic services to propel market growth," says a Persistence Market Research analyst.

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Enhanced Patient Experience With Priority Placed on Convenient, Mobile Access

There was a time when medical staff mostly use imaging such as X-rays, CTs, MRIs, and ultra sound tests, and reports were delivered to patients in the physical form, which consume more time and cost. Diagnosis was also delivered in the physical form. But today, many healthcare providers give imaging and diagnosis reports directly to patients or/and respective doctors' mobiles by using Internet services. Such a system of delivering imaging reports are a faster and cost-friendly solution.

Especially during the COVID-19 pandemic, use of mobile access for sharing medical imaging reports and diagnosis has proven to be one of the most convenient and comfortable patient experiences. Technological advancement is considered as the primary driver for the medical image exchange systems market. Increasing adoption of automation in diagnostic services has generated huge amount of virtual data.

Competitive Landscape

Introduction of new solutions and strategic partnerships are key strategies followed by top medical image exchange system manufacturers to increase their business revenue. Several medical image exchange system providers are focusing on innovation in solutions/services to improve their market shares.

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Companies
Vaultara
IBM Corporation
GE Healthcare (A General Electric Company)
Koninklijke Philips N.V.
Sectra AB
Nuance Communications, Inc.
eHealth Technologies, Inc.
Change Healthcare

Medical Image Exchange Systems Industry Survey by Category

Medical Image Exchange Systems Market by Solution:
Medical Image Exchange Software
Cloud-based/Web-based
Physical Media
Medical Image Exchange Services
Professional Service
Consulting Services
Support & Maintenance
Image Sharing Services
Managed Service

Medical Image Exchange Systems Market by End User:
Hospitals
Clinical Research
Laboratories
Diagnostic centers
Educational Institutes
Others

Medical Image Exchange Systems Market by Region:
North America Medical Image Exchange Systems Market
Latin America Medical Image Exchange Systems Market
Europe Medical Image Exchange Systems Market
East Asia Medical Image Exchange Systems Market
South Asia & Pacific Medical Image Exchange Systems Market
Middle East & Africa Medical Image Exchange Systems Market

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This release was published on openPR.