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Medical Imaging Software Market - Growth, Future Prospects, And Competitive Analysis, 2018-2026

Overview:

Technological advancement in imaging system, growing investments by leading market players in medical imaging market, rise in prevalence of chronic diseases leading to increased demand of diagnostic devices and the rise in demand for computer-aided diagnosis have collaboratively contributed to the growth of medical imaging software market. Medical imaging software aid in forming the exact pictorial representation of the scans, which eases medical investigation and diagnostic proceedings. As suitable imaging software’s helps in advancement of patient care and eases out operation procedurals.

Advent of 3D and 4D imaging techniques has flourished the growth of this market. Of the various image types analysed, 3D imaging accounted for largest market share in 2017 and expected to grow with similar trend through 2026. 3D imaging finds major application in ultrasound imaging, MRI, and radiography. With advancement in technology, the devices are now integrated with advanced software that present enhanced images. For instance, the Onsight3D Extremity System’s software by Carestream Health increases the contrast of the soft tissues and declines the visibility of appearing metal artefacts. This device currently scans only extremities and is being developed to scan 3D images of other areas of the body. Constant enhancements in devices would increase the demand for medical imaging software thus catalysing the overall market growth. However, high cost of imaging devices with enhanced software and the need for skilled professional to use these software could hinder the growth of overall medical imaging software market.

Of the geographies studied, North America dominated the overall market in 2017, while Asia Pacific will grow at fastest CAGR during the forecast period from 2018 to 2026. The rise in healthcare expenditure, continuous investment in research & development and government support regulating the device approvals & providing funds for development primarily facilitate the growth of medical imaging software’s in North America. Additionally, the growing prevalence of chronic diseases, which has led to increase in diagnosis rates and the awareness of availability of advanced medical imaging tools, has catalysed the North American market growth.

The Global Medical Imaging Software Market is segmented as follows:

  • By Image Type
    • 2D Imaging
    • 3D Imaging
    • 4D Imaging
  • By Application
    • Radiography
    • Magnetic Resonance Imaging (MRI)
    • Positron Emission Tomography
    • Single Photon Emission Computed Tomography
    • Ultrasound Imaging
    • Echocardiography
  • By Geography
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • Rest of Asia Pacific
    • Latin America
      • Mexico
      • Brazil
      • Rest of Latin America
    • Middle East & Africa
      • GCC
      • Rest of Middle East & Africa

The global medical imaging software market comprises a competitive pool of market players namely, Agfa Healthcare, GE Healthcare, Infosys Limited Hologic, Esaote SpA, Philips Healthcare, Carestream Health, Hitachi Medical Corporation, Shimadzu Corporation, and others.

This report offers:

  • A thorough understanding on the global medical imaging software market
  • Market analysis and in-depth analysis for the period from 2016 to 2026, considering 2016 as the historical year and 2017 as the base year
  • Growth in terms of CAGR for the period from 2018 to 2026 have been incorporated in this report.
  • Qualitative information of the market dynamic factors namely, market restraints, drivers and challenges
  • A complete understanding on the competitive landscape and profiles of the leading market players
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