Medical Image Management Market 2024 | Market Size, Industry Trends, Share, Market Analysis, Key Drivers, Top Major Players And Forecast To 2033

The medical image management market size has grown strongly in recent years. It will grow from $4.58 billion in 2023 to $4.99 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increased chronic illness, increased number of hospitals, and increased adoption of image management systems.

The medical image management market size is expected to see strong growth in the next few years. It will grow to $6.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increasing usage of imaging equipment, growing adoption of image management systems, the expanding use of imaging technology, and increasing age-related imaging volumes. Major trends in the forecast period include adoption of AI technology, growing opportunities for acquisition in a variety of skills, image management solutions, technological advancements in diagnostic imaging modalities, and growing adoption of image management systems.

Market Overview -
Medical image management encompasses the efficient handling and organization of diverse medical images, such as X-rays, MRI scans, CT scans, and ultrasound images, within healthcare facilities or networks. It involves acquiring, storing, organizing, transmitting, and viewing these images to support clinical operations and patient care.

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Growing Prevalence Of Chronic Illnesses Fuels Expansion In The Medical Image Management Market
The rise in the prevalence of chronic illnesses is expected to propel the growth of the medical image management market going forward. Chronic illness is an ongoing medical condition or ailment that lasts for a long time, usually three months or longer. Regular medical imaging enables healthcare professionals to monitor the progression of chronic illnesses by comparing images over time, facilitating treatment evaluation, adjustments, and the identification of complications or changes in the patient's condition. For instance, in August 2022, according to a report published by the American College of Cardiology, a US-based non-profit medical association, it is estimated that all four cardiovascular risk factors will rise between 2025 and 2060 in the United States. The most significant percentage rise is expected in diabetes, with a projected increase of 39.3% to reach 55 million individuals, followed by dyslipidemia (27.6% increase to 126 million), hypertension (25.1% increase to 162 million), and obesity (18.3% increase to 126 million). Researchers also noted significant projected increases in cardiovascular disease rates, particularly for stroke (33.8% increase to 15 million) and heart failure (33.4% increase to 13 million). Therefore, the rise in the prevalence of chronic illnesses is driving the growth of the medical image management market.

Competitive Landscape -
Major companies operating in the medical image management market are McKesson Corporation, International Business Machines Corporation, NTT DATA Corporation, Fujifilm Holdings Corporation, Siemens Healthineers, Koninklijke Philips N.V., GE Healthcare, Hologic Inc., Agfa-Gevaert Group, Carestream Health Inc., Change Healthcare, Hyland Software Inc., Intelerad Medical Systems Incorporated, Sectra AB, Merge Healthcare Inc., Infinitt Healthcare Co. Ltd., TeraRecon Inc., Novarad Corporation, Subtle Medical Inc., Mach7 Technologies Ltd., BridgeHead Software Ltd., Zebra Medical Vision Inc., Ambra Health, Vital Images Inc

Increasing Focus On Introducing Comprehensive Imaging EMR Software For Enhanced Patient Care In The Medical Image Management Market
Major companies operating in the medical image management market are developing advanced technological solutions, such as imaging electronic medical record (EMR) software, to serve customers better with advanced features and gain a competitive edge in the market. Imaging electronic medical record (EMR) software refers to a specialized digital solution designed to integrate medical imaging data seamlessly into electronic medical records (EMRs) or electronic health records (EHRs). For instance, in December 2022, RamSoft Inc., a Canada-based healthcare IT SaaS provider, launched OmegaAI, a cloud-native, serverless imaging EMR software platform that integrates various essential components such as VNA (Vendor Neutral Archive), Enterprise Imaging, PACS (Picture Archiving and Communication System), RIS (Radiology Information System), simplified image exchange or sharing routing and storage, a zero-footprint (ZFP) viewer, and more. It is purposefully designed to deliver sustainable ROI by seamlessly connecting doctors and patients through a unified platform, preventing delayed care, enabling secure sharing with consent, fostering patient autonomy, and automating the entire patient journey from referral to study results.

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Key Segments -
The medical image management market covered in this report is segmented -
1) By Product: Vendor Neutral Archives (VNA), Picture Archiving And Communication Systems (PACS), Application-Independent Clinical Archives (AICA)
2) By Delivery: On Premise, Hybrid, Cloud
3) By Application: Standard Radiography, Advanced Body Imaging, Cardiovascular Imaging, Neuroradiology, Musculoskeletal Imaging And Pain Management, Oncology Imaging, Other Applications
4) By End User: Hospitals, Clinics, Diagnostic Centers, Ambulatory Surgery Centers

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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