Press release
Medical Image Analysis Software Market Expected to Reach USD 27.14 Billion by 2030
Medical Image Analysis Software Market
The Medical Image Analysis Software Market was valued at approximately USD 12.2 billion in 2023 and is forecast to surge to USD 27.14 billion by 2030, driven by a strong CAGR of 12.01% from 2024 to 2030. Growing demand is fueled by rising chronic disease prevalence, radiology advancements, and AI‐enabled diagnostic solutions.
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United States Growth & Opportunity
The U.S. dominates North America, leading global adoption of AI‐powered imaging. Integrated and stand‐alone software demand is high across hospitals and diagnostic centers.
Key Recent Developments / Consolidation:
Google Health acquired DeepMind's medical imaging unit in 2023, enhancing its AI imaging capabilities.
GE Healthcare partnerships with leading hospital chains to integrate its Edison AI platform.
Europe Consolidation & Updation
Europe remains a high‐value market, expected to grow at a 7.7-9.8% CAGR to 2030.
Consolidation Moves:
Agfa‐Gevaert acquired Lifex Medical AI (Spain) in late 2023.
Philips Healthcare merged its neurology imaging software with Brainomix (UK) in 2024.
Key Updates:
Siemens Healthineers rolled out syngo.via updates across Germany and France.
Focus on GDPR‐compliant AI tools and interoperability across EU healthcare networks.
Middle East & Africa Opportunity & Trends
MEA is a high‐potential frontier, projected to reach USD 223.4 million by 2030, with a CAGR of 6.5% from 2024 to 2030.
M&A Highlights:
Philips partnered with Saudi's MawidMed to deploy AI tools in radiology clinics.
GE Healthcare signed an agreement with Africa Health Network to enhance imaging analysis across Nigeria and South Africa.
Key Developments:
Saudi Arabia leading MEA adoption of standalone AI imaging tools for oncology.
Radiology hubs in UAE adopting cloud‐hosted image analysis for remote diagnostics.
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Region‐Specific M&A & Progress Summary
United States: Google's acquisition of DeepMind's imaging unit; GE's Edison AI expansion.
Asia Pacific: Siemens acquisition in India; consolidation among AI startups.
Europe: Agfa picks up Lifex AI; Philips-Brainomix neurology merger.
Middle East & Africa: Philips-MawidMed partnership; GE's Africa Health Network agreement.
Medical Image Analysis Software Market Segmentation:
by Type
Integrated
Stand-alone
by Modality
Computed Tomography
Magnetic Resonance Imaging
Ultrasound
Combined Modalities
Others
Computed Tomography, Magnetic, Resonance Imaging, Ultrasound, Combined Modalities, and Others are the several categories into which the market has been split. It is anticipated that the Computed Tomography sub-segment will produce the most revenue out of all of them. In the global medical image analysis software market in 2023, the Computed Tomography subsegment held the largest market share.
by Application
Orthopedic
Dental
Neurology
Cardiology
Oncology
Others
The market has been segmented by application, including neurology, cardiology, cancer, orthopaedics, and dentistry. The sub-segment of cardiology is anticipated to produce the most revenue out of all of these. In the global medical image analysis software market in 2023, the cardiology subsegment held the largest market share. Significant progress in the diagnosis and treatment of cardiovascular diseases has been sparked by the convergence of cardiology and the medical image analysis software market.
by End-User
Hospitals
Diagnostic Centers
Others
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Medical Image Analysis Software Market Key Players:
North America
1. GE Healthcare (United States)
2. Carestream Health, Inc. (United States)
3. Hologic, Inc. (United States)
4. Merge Healthcare Incorporated (United States)
5. Ziosoft, Inc. (United States)
6. MIM Software Inc. (United States)
7. Bruker Corporation (United States)
8. Sciencesoft USA Corporation (United States)
Europe:
9. Siemens Healthineers (Germany)
10. Philips Healthcare (Netherlands)
11. Fujifilm Holdings Corporation (Japan)
12. Agfa-Gevaert Group (Belgium)
13. Canon Medical Systems Corporation (Japan)
14. Esaote S.p.A. (Italy)
15. Mirada Medical Limited (United Kingdom)
16. Xinapse Systems Ltd. (United Kingdom)
17. Image Analysis (Denmark)
18. MeVis Medical Solutions AG (Germany)
19. Pie Medical Imaging BV (Netherlands)
20. TomTec Imaging Systems GmbH (Germany)
21. Median Technologies (France)
22. ContextVision AB (Sweden)
Asia Pacific
23. Hitachi Healthcare (Japan)
24. Shimadzu Corporation (Japan)
25. Toshiba Medical Systems Corporation (Japan)
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