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Medical Image Analysis Software Market to Witness Robust Expansion Throughout the Forecast Period by 2021
Medical image analysis refers to the analyzing health related problems with the help of digital image processing technique and various imaging modalities. Medical image analysis software is an integral part of the diagnostic machines and helps to enhance and identify features of an image. Medical image analysis software is used in training, viewing, storing and sharing data in the medical industry. Medical image analysis software used to increase the efficiency and effectiveness of medical procedures. On the basis of technology, medical image analysis software market can be segmented into X-ray, computed tomography (CT), ultrasound, MRI, positron emission tomography (PET) and single-photon emission computed tomography (SPECT). On the basis of image type, medical image analysis software market can be segmented into 2D imaging techniques, 3D imaging techniques and 4D imaging techniques. On the basis of indication, medical image analysis software market can be segmented into neurology, cardiology and radiology. On the basis of end user, medical image analysis software market can be segmented into hospitals and medical & diagnostic laboratories.
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North America, followed by Europe, has the largest market for medical image analysis software due to developed healthcare infrastructure, technological advancement and rise in demand for quality healthcare services in the region. Asia is expected to experience high growth rate in the medical image analysis software market in next few years due to developing healthcare infrastructure, government initiatives and increasing aging population in the region.
Technological advancement, rise in demand for imaging modalities, government initiatives, increasing need for efficiency and effectiveness in medical procedures, rise in incidence of cancer cases, fusion of technology, automated image analysis and rise in computer-aided design (CAD) applications are expected to drive the market for medical image analysis software, In addition, increasing awareness about benefits of medical image analysis software in diagnostics and growing aging population are expected to drive the market for medical image analysis software. However, hacking and drawbacks associated with software are some of the factors restraining the growth for global medical image analysis software market.
Growing demographics and economies in the developing countries such as India and China is expected to lead the growth in medical image analysis software market in Asia. In addition, continues rise in the demand for medical image analysis software, technology innovations, increasing incidence of various diseases, continuous rise in elderly population and broadened applications of image analysis software in diagnostic procedures are expected to offer new opportunities for global medical image analysis software market. Increasing number of mergers and acquisitions, online portals and 30 days trial, rise in number of collaborations and partnerships, new product launches and open source software are some of the latest trends that have been observed in global medical image analysis software market.
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Some of the major companies operating in the global medical image analysis software market are GE Healthcare, Philips Healthcare, Medviso AB, Agfa-Gevaert N.V. and Siemens Healthcare. In addition, some other companies operating in global medical image analysis software market are Toshiba Medical Systems Corporation, Carestream Health, Merge Healthcare and Bruker Corporation.
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