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Medical Image Analysis Software Market Segments 2024-2033 | Size, Share And Insights
Medical Image Analysis Software Market
The medical image analysis software market size is expected to see rapid growth in the next few years. It will grow to $5.96 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to precision medicine, disease diagnosis and monitoring, minimizing interpretation errors, remote image analysis services, quantitative imaging biomarkers. Major trends in the forecast period include 3d and 4d imaging, sustainable imaging solutions, artificial intelligence (ai)-enhanced automation, data security and privacy, advancements in medical imaging.
Market Overview -
Medical image analysis software is a software that allows for the quantitative analysis and display of medical images from a variety of modalities, including PET, MRI, CT, and microscopy.
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Rising Incidence Of Chronic Diseases Fuels Growth In Medical Image Analysis Software Market
An increase in the incidence of chronic diseases is expected to propel the growth of the medical image analysis software market going forward. Chronic diseases are conditions or illnesses that often last for three months or longer and have the potential to get worse over time. Medical imaging enables doctors to identify diseases such as cancer, diabetes, and others in their early stages, improving patient outcomes. Early diagnosis and treatment of diseases makes them more manageable, making this cutting-edge technology genuinely life-changing. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, there would be 142.66 million people with chronic diseases worldwide by the year 2050, up from 71.522 million in 2020. Therefore, the increasing prevalence of chronic diseases is driving the growth of the medical equipment calibration services market.
Competitive Landscape -
Major companies operating in the medical image analysis software market include Aquilab SAS, Carestream Health Inc., Esaote S.p.A, GE HealthCare Technologies Inc., Image Analysis Group, INFINITT Healthcare Co. Ltd., Merge Healthcare Inc., MIM Software Inc., Mirada Medical Limited, Philips Healthcare, ScienceSoft USA Corporation, Siemens AG, Toshiba Medical Systems Corporation, Xinapse Systems Ltd., AGFA Healthcare, Aktien-Gesellschaft für Anilin-Fabrikation Group, Aidoc Medical, Arterys Inc., Blackford Analysis Ltd., Butterfly Network Inc., Canon Medical Systems Corp., ContextVision AB, Fujifilm Medical Systems Corp., Hologic Inc., Life Image Inc., Mirai Medical Co., Nines Radiology inc., PathAI Inc., Pie Medical Imaging BV, Quibim, Riverain Technologies, Sectra AB, Spintech Holdings inc., Subtle Medical Inc.
Product Innovation Drives Advancements In Medical Image Analysis Software Market
Product innovation is a key trend gaining popularity in the medical image analysis software market. Major companies operating in the medical image analysis software market are focused on developing technologically advanced software solutions to strengthen their market position. For instance, in March 2022, Koninklijke Philips N.V., a Netherlands-based conglomerate corporation launched new cloud-enabled enterprise imaging informatics and analytics solutions. The new offerings, part of Philips' Data Management and Interoperability Solutions portfolio, are designed to enhance workflow efficiency and improve patient and staff satisfaction. HealthSuite Interoperability is a cloud-enabled health IT platform that connects third-party systems and streamlines data workflows, supporting various data types and formats. The platform enhances care planning and coordination by providing clinical and operational analytics. Additionally, Philips' Enterprise Performance Analytics - Performance Bridge now extends its deep analytics beyond radiology to cardiology, offering operational insights and enhancing effectiveness in care delivery.
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Key Segments -
The medical image analysis software market covered in this report is segmented -
1) By Type: Integrated Software, Standalone Software
2) By Image Type: 2D Image, 3D Image, 4D Image
3) By Modality: Tomography, Ultrasound Imaging, Radiographic Imaging, X-ray Imaging, MRI, Other Modalities
4) By Application: Orthopedics, Dental Applicationa, Neurology, Cardiology, Oncology, Obstetrics and Gynecology, Mammography, Other Applications
5) By End User: Hospital, Diagnostic Center, Research Center, Other End Users
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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