Medical Image Management Market to be Worth $7.22 Billion by 2030 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®

According to a new market research report titled, 'Medical Image Management Market by Product {PACS [Departmental (Radiology, Cardiology), Enterprise], VNA [(On-Premise, Hybrid, Cloud), (Independent, PACS Vendor)], AICA, Universal Viewer}, End User (Hospital, Diagnostic Center) - Global Forecast to 2030,' published by Meticulous Research®, the medical image management market is projected to reach $7.22 billion by 2030, at a CAGR of 7.6% from 2023 to 2030.

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The increasing investments in medical imaging technologies contribute to the growth of this market. Factors driving investments in medical imaging technologies include efforts by government bodies to modernize imaging facilities & research, the proliferation of diagnostic imaging centers, the rising global geriatric population & associated growth in the incidence of chronic diseases, including cancer, and technological advancements in diagnostic imaging modalities. For instance, in October 2021, DeepSight Technology, Inc. (U.S.) announced raising USD 25 million in Series A funding. DeepSight Technology aims to enhance non-invasive & invasive medical imaging for multiple diagnostic procedures company plans to use the funds to advance its medical imaging technology platform and scale its business.

Additionally, the integration of PACS & VNA with EMR creates an opportunity for market growth. As medical images are an important part of the EHR, it is important to converge image data from PACS into EHR, as integrating diagnostic images into the medical record is a significant component of the documentation and information supporting the clinical decision-making process. Large health systems have different EMRs and different imaging solutions across many departments. Integrating images and having them in one repository is in high demand. Increasing demand for collaborative and patient-centered care is an opportunity for the VNA & PACS medical image management solutions.

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The global medical image management market is segmented by product (picture archive communication System (PACS), Vendor Neutral Archive (VNA), Application-independent Clinical Archives (AICA), Enterprise/Universal Viewers), End User (Hospitals, Diagnostic Imaging Centers, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.

Based on product, the VNA segment is projected to register the highest CAGR during the forecast period. Based on procurement model, the VNA segment is divided into departmental VNA and enterprise VNA. The enterprise VNA segment is expected to account for the largest share of the market in 2023. Enterprise VNA covers multiple sites, typically for covering all the imaging data from multiple systems, departments, facilities, and vendors, into a centralized clinical data foundation. It consolidates medical image data from multiple imaging departments into a master directory and corresponding consolidated storage solution, thus replacing the individual archives associated with departmental PACS. As a result, the enterprise VNA effectively becomes the unified image data repository for the electronic medical record (EMR) system.

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Based on end user, the hospitals segment is projected to register the highest CAGR during the forecast period. The major factor contributing to the growth of this segment is the rising prevalence of chronic diseases leading to early diagnosis for their prevention and the growing adoption of healthcare IT in hospitals.

Based on geography, in 2023, North America is expected to account for the largest share of the global medical image management market, followed by Europe and Asia-Pacific. Asia-Pacific is projected to register the highest CAGR during the forecast period. Major factors contributing to the regional growth are the rise in demand for medical imaging, the increasing government initiatives for healthcare IT implementation and the rising adoption of imaging modalities in departments such as radiology, cardiology, pathology, and mammalogy, among others.

Some of the key players operating in the medical image management market are Novarad Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), INFINITT Healthcare Co., Ltd. (South Korea), Siemens Healthineers AG (Germany), Hyland Software, Inc. (U.S.), Agfa-Gevaert NV (Belgium), GE Healthcare (U.S.), Mach7 Technologies (U.S.), BridgeHead Software Ltd. (U.K.), FUJIFILM Holdings Corporation (Japan), Merative (U.S.), Sectra AB (Sweden), and Change Healthcare Inc. (U.S.).

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Scope of the Report:

Medical Image Management Market, by Product

Picture Archive Communication System (PACS)
PACS Market, by Type
Departmental PACS
Radiology PACS
Cardiology PACS
Mammography PACS
Traditional Mammography PACS
Vendor Neutral Mammography PACS
Other Departmental PACS
Enterprise PACS

PACS Market, by Delivery Model
On-premise PACS
Web/Cloud-based PACS
Vendor Neutral Archive (VNA)

VNA Market, by Delivery Model
On-premise VNA
Hybrid VNA
Web/Cloud-based VNA

VNA Market, by Procurement Model
Enterprise VNA
Multi-departmental VNA
Multi-site VNA
Departmental VNA

VNA Market, by Vendor Type
PACS Vendors
Independent Software Vendors
Infrastructure Vendors
Application-independent Clinical Archives

AICA Market, by Vendor Type
VNA Vendors
Native AICA Vendors
Enterprise/Universal Viewers
(Note: Other departmental PACS include pathology, dental, ophthalmology, and orthopedics PACS.)

Medical Image Management Market, by End User

Hospitals
Diagnostic Imaging Centers
Other End Users
(Note: Other end users include ambulatory surgical clinics, universities/education centers, government & non-government organizations, and academic research institutes)

Medical Image Management Market, by Geography

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific (APAC)
China
Japan
India
Rest of Asia-Pacific (RoAPAC)
Latin America
Middle East & Africa

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