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Major Force in the Medical Image Management Market 2025: Growing Prevalence Of Chronic Illnesses Fuels Expansion In The Medical Image Management Market
Medical Image Management Market
The medical image management market is expected to grow from $4.99 billion in 2024 to $5.38 billion in 2025, at a CAGR of 7.9%. Growth is driven by increasing chronic illnesses, the growing number of hospitals, and greater adoption of image management systems.
The medical image management market will grow to $7.41 billion by 2029 at a CAGR of 8.3%. The growth is driven by increased use of imaging equipment, adoption of image management systems, and the aging population. Trends include AI adoption, advanced diagnostic imaging modalities, and the growing need for image management solutions.
What Key Elements Are Boosting Growth in the Medical Image Management Market?
The increasing prevalence of chronic diseases is expected to propel the growth of the medical image management market. Chronic diseases, lasting for three months or more, require regular medical imaging to track disease progression, assess treatment effectiveness, and identify potential complications. For instance, in August 2022, a report from the American College of Cardiology, a US-based non-profit organization, projected significant increases in cardiovascular risk factors in the US between 2025 and 2060, including a 39.3% rise in diabetes, a 27.6% increase in dyslipidemia, and a 25.1% rise in hypertension. The report also forecasted a 33.8% increase in stroke rates and a 33.4% rise in heart failure. This growing prevalence of chronic diseases is driving the demand for medical image management.
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Who Are the Major Industry Players Fueling Medical Image Management Market Expansion?
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
What Are the Major Trends Shaping the Medical Image Management Market?
In the medical image management market, major companies are developing cutting-edge technologies like imaging electronic medical record (EMR) software to improve services and gain a competitive advantage. Imaging EMR software integrates medical imaging data into electronic medical records or health records. For example, in December 2022, RamSoft Inc., a Canadian healthcare IT provider, launched OmegaAI, a cloud-based imaging EMR platform. This platform integrates components like Vendor Neutral Archive (VNA), PACS, RIS, and secure image sharing, offering a unified platform to enhance patient care, streamline communication, and automate patient journeys from referral to study results.
How Is the Segmentation of the Medical Image Management Market Defined?
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
Subsegments:
1) By Vendor Neutral Archives (VNA): Data Integration Solutions, Storage And Retrieval Systems, Image Lifecycle Management
2) By Picture Archiving And Communication Systems (PACS): Diagnostic Imaging Solutions, Workflow Management Tools, Image Sharing And Collaboration Features
3) By Application-Independent Clinical Archives (AICA): Multi-Modal Image Storage, Long-Term Data Preservation, Clinical Data Management Tools
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What Is the Leading Region in the Medical Image Management Market?
North America was the largest region in the medical image management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical image management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Medical Image Management Global Market Report?
- Market Size Analysis: Analyze the Medical Image Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical Image Management Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medical Image Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Image Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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