Global Medical Image Analysis Software Market Growth, Trends and Forecast Research Reports 2016-2021

According to the report Medical Image Analysis Software Market, published by Market Data Forecast, the Global market is projected to reach USD 4.01 billion by 2022, at a CAGR of 7.72% from 2016 to 2021.

Visualization of medical images coupled with their quantitative studies using different modalities like MRI, X-ray, etc. is called medical image analysis. Software used to facilitate this process is called medical image analysis software. This software makes performing intricate medical procedures fairly easy and aids in effective data management.

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Medical Image Analysis Software Market: Drivers & Restraints
Rapid advances in technology, rising cases of cancer, steadily growing demands for better ways for medical image processing, and savoury government schemes are the primary market drivers of growth. Rising need for better medical efficiency is the secondary factor driving market growth.
Financially burdensome cost of software data, data breaches resulting from hacking resulting in concerns related to privacy are the primary market restraints.

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Medical Image Analysis Software Market: Segmentation
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By Image Type
• 2D Imaging
• 3D Imaging
• 4D Imaging
By Imaging Technology
• X-Ray
• Computed Tomography
o High-End Slice CT
o Mid-End Slice CT
o Low-End Slice CT
• Positron Emission Tomography
• Single Photon Emission Computed Tomography
• Magnetic Resonance Imaging
o Open MRI Systems
o Closed MRI Systems
• Ultrasound
• Radiographic Imaging
By Application
• Cardiovascular
• Neurology
• Dental
• Urology
• Orthopaedic
• Oncology
• Obstetrics and Gynaecology
• Mammography
By End User
• Hospitals
• Research Centres
• Diagnostic Centres
By Geography
• North America
o United States
o Canada
• Europe
o U.K
o Spain
o Germany
o Italy
o France
• Asia-Pacific
o China
o India
o Japan
o Australia
o South Korea

• Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America

• Middle East & Africa
o Middle-East
o Africa

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Medical Image Analysis Software Market: Overview

In 2015, by image type 3D imaging segment was the market leader and is expected to remain so in the aforementioned forecast period. If we go by imaging technology then Computed Tomography is the market leader followed by X-Ray and Magnetic Resonance Imaging (MRI). In 2016, in the application market segment cardiovascular sub-segment was the market leader and is likely to maintain its lead in the forecast period.
Both by value and by capacity North America led the market and is expected to continue this trend in the aforementioned forecast period. Asia Pacific is predicted to grow the fastest in the forecast period.
Medical Image Analysis Software Market: Key Players
Agfa HealthCare, Medviso AB, Aquilab, Bruker Corporation, Carestream Health Inc. are the major market players. Other players include Esaote S.p.A, GE Healthcare, Spacelabs Healthcare, Merge Healthcare Inc., Xinapse Systems Ltd., MIM Software Inc., Philips Healthcare, Claron Technologies, Siemens Healthcare, and Toshiba Medical Systems Corporation.

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