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Medical Image Analysis Software Market By Type (Integrated and Standalone), By Modality (Tomography, Ultrasound Imaging, Radiographic Imaging and Combined Modalities), By Application (Orthopedic, Cardiology, Oncology, Mammography and Others) – Growth, Future Prospects & Competitive Analysis, 2018 – 2026

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Published: | Report ID: 8800 | Report Format : PDF

Market Insights

The medical image analysis software market is expected to grow from $2,318.4 million in 2017 to $4,642.1 million in 2026, at a compounded annual growth rate of 8.1% from 2018 to 2026. The drivers associated with the medical image analysis software market are the rising prevalence of chronic diseases, the increasing application of computer-aided diagnostic methods, and the increasing healthcare expenditure in emerging economies.

The ability to obtain clinical workflow and provide single-point access drive the growth of the integrated software solutions market.

Integrated software solutions are leading the type segment of the medical image analysis software market. The ability to streamline clinical workflow and provide single-point access to clinical applications are two key features that contribute to its positive growth. Standalone software solutions are very popular owing to their significant adoption rate in multispecialty clinics and hospitals and the low maintenance costs incurred.

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Rapid advancement in clinical radiology and cost-effective diagnostic procedures drive the radiographic imaging market’s growth.

The modality segment of the medical image analysis software market is led by radiographic imaging techniques. Cost-effective diagnostic procedures and rampant advancements in clinical radiology drive the radiographic imaging market’s growth. Ultrasound imaging techniques have gained tremendous attention among healthcare professionals owing to their positive inherent features, such as high accuracy and rapid analysis. They are also considered relatively safe due to the lack of ionizing radiation exposure.

The growing prevalence of musculoskeletal disorders worldwide, as well as the critical need for accurate diagnosis of soft tissue damage, drive the growth of the orthopedic applications market.

Orthopedics is reigning in the applications segment of the medical image analysis software market. The vital requirement for accurate diagnosis of soft tissue damage and the rising prevalence of musculoskeletal disorders together drive the orthopedic applications market’s growth.

Cardiology and oncology will exhibit linear growth on account of the increasing number of patients suffering from chronic ailments such as cardiovascular complications and cancer. Rising demand for computer-assisted minimally invasive surgical procedures due to improved visualization of atherosclerotic plaques and cancerous tumors, respectively.

Soaring adoption rates of new technology and increasing healthcare expenditures drive market growth in North America.

North America, with a share of 32%, is the largest regional segment of the medical image analysis software market. The factors providing impetus to the medical image analysis software market’s growth in North America are a significant rise in the adoption rate of new technology and increasing healthcare expenditure.

The existence of major IT healthcare companies such as GE Healthcare, Philips Healthcare, MIM Software, Inc., etc., further consolidates the market growth in the North American region. Europe accounts for 29% of the market, owing to the European Medical Agency’s (EMA) stringent sanctions on effective chronic disease diagnosis and the increasing funds provided to the research and development segment to provide innovative technical software pertaining to medical image analysis.

Asia Pacific currently holds 20% of the market and serves as a lucrative market opportunity for key players to establish subsidiaries in collaboration with local IT companies and increase medical tourism.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The medical image analysis software market is segmented as follows:

IT healthcare companies actively engaged in the production of medical image analysis software are Aquilab GmbH, Agfa-Gevaert Corporation, Bruker Corporation, Carestream Health, Inc., GE Healthcare, MIM Software, Inc., Philips Healthcare, Siemens Healthcare, Toshiba Medical Systems Corporation, and Xinapse Systems, Ltd.

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Key questions are answered in this report.

  • Which major IT healthcare companies are providing medical image analysis software solutions?
  • Which major software solutions are being opted for by hospitals, clinics, and research institutions worldwide?
  • Which factors contribute to the supremacy of integrated software solutions?
  • What will be the market performance of ultrasound imaging modalities in the near future?
  • What is the prevalence rate of chronic ailments pertaining to orthopedics, cardiology, and oncology?
  • What will be the market size and CAGR of emerging economies such as those in Asia Pacific, Latin America, and the MEA region?

Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Approach Adopted
1.3.4. Top-down Approach
1.3.5. Bottom-up Approach
1.3.6. Phase III-Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation

Chapter 2. Executive Summary
2.1. Global MIAS Market Portraiture
2.2. Global MIAS Market, by Type, 2017 (US$ Mn)
2.3. Global MIAS Market, by Modality, 2017 (US$ Mn)
2.4. Global MIAS Market, by Application, 2017 (US$ Mn)
2.5. Global MIAS Market, by Geography, 2017 (US$ Mn)

Chapter 3. Medical Image Analysis Software (MIAS) Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global MIAS Market, by Key Players, 2017

Chapter 4. Global Medical Image Analysis Software (MIAS) Market, by Type
4.1. Overview
4.2. Integrated
4.3. Standalone

Chapter 5. Global Medical Image Analysis Software (MIAS) Market, by Modality
5.1. Overview
5.2. Tomography
5.3. Ultrasound Imaging
5.4. Radiographic Imaging
5.5. Combined Modalities

Chapter 6. Global Medical Image Analysis Software (MIAS) Market, by Application
6.1. Overview
6.2. Orthopedic
6.3. Cardiology
6.4. Oncology
6.5. Mammography
6.6. Others

Chapter 7. Global Medical Image Analysis Software (MIAS) Market, by Geography
7.1. Overview
7.2. North America MIAS Market Analysis, 2016 – 2026
7.2.1. North America MIAS Market, by Type, 2016 – 2026 (US$ Mn)
7.2.2. North America MIAS Market, by Modality, 2016 – 2026 (US$ Mn)
7.2.3. North America MIAS Market, by Application, 2016 – 2026 (US$ Mn)
7.2.4. North America MIAS Market, by Country, 2016 – 2026 (US$ Mn)
7.2.4.1. U.S.
7.2.4.2. Canada
7.3. Europe MIAS Market Analysis, 2016 – 2026
7.3.1. Europe MIAS Market, by Type, 2016 – 2026 (US$ Mn)
7.3.2. Europe MIAS Market, by Modality, 2016 – 2026 (US$ Mn)
7.3.3. Europe MIAS Market, by Application, 2016 – 2026 (US$ Mn)
7.3.4. Europe MIAS Market, by Country/Region, 2016 – 2026 (US$ Mn)
7.3.4.1. U.K.
7.3.4.2. Germany
7.3.4.3. Rest of Europe
7.4. Asia Pacific MIAS Market Analysis, 2016 – 2026
7.4.1. Asia Pacific MIAS Market, by Type, 2016 – 2026 (US$ Mn)
7.4.2. Asia Pacific MIAS Market, by Modality, 2016 – 2026 (US$ Mn)
7.4.3. Asia Pacific MIAS Market, by Application, 2016 – 2026 (US$ Mn)
7.4.4. Asia Pacific MIAS Market, by Country/Region, 2016 – 2026 (US$ Mn)
7.4.4.1. China
7.4.4.2. Japan
7.4.4.3. Rest of Asia Pacific
7.5. Latin America MIAS Market Analysis, 2016 – 2026
7.5.1. Latin America MIAS Market, by Type, 2016 – 2026 (US$ Mn)
7.5.2. Latin America MIAS Market, by Modality, 2016 – 2026 (US$ Mn)
7.5.3. Latin America MIAS Market, by Application, 2016 – 2026 (US$ Mn)
7.5.4. Latin America MIAS Market, by Country/Region, 2016 – 2026 (US$ Mn)
7.5.4.1. Brazil
7.5.4.2. Mexico
7.5.4.3. Rest of Latin America
7.6. Middle East and Africa MIAS Market Analysis, 2016 – 2026
7.6.1. MEA MIAS Market, by Type, 2016 – 2026 (US$ Mn)
7.6.2. MEA MIAS Market, by Modality, 2016 – 2026 (US$ Mn)
7.6.3. MEA MIAS Market, by Application, 2016 – 2026 (US$ Mn)
7.6.4. MEA MIAS Market, by Country/Region, 2016 – 2026 (US$ Mn)
7.6.4.1. GCC
7.6.4.2. Rest of MEA

Chapter 8. Company Profiles
8.1. Aquilab GmbH
8.1.1. Business Description
8.1.2. Financial Information (Subject to data availability)
8.1.3. Product Portfolio
8.1.4. News Coverage
8.2. Agfa-Gevaert Corporation
8.3. Bruker Corporation
8.4. Carestream Health, Inc.
8.5. GE Healthcare
8.6. MIM Software, Inc.
8.7. Philips Healthcare
8.8. Siemens Healthineers
8.9. Toshiba Medical Systems Corporation
8.10. Xinapse Systems Ltd.

List of Figures

FIG. 1 : Medical Image Analysis Software (MIAS) Market: Research Methodology
FIG. 2 : MIAS: Market Segmentation
FIG. 3 : Global MIAS Market, by Type, 2017 (US$ Mn)
FIG. 4 : Global MIAS Market, by Modality, 2017 (US$ Mn)
FIG. 5 : Global MIAS Market, by Application, 2017 (US$ Mn)
FIG. 6 : Global MIAS Market, by Geography, 2017 (US$ Mn)
FIG. 7 : Attractive Investment Proposition: by Geography, 2017
FIG. 8 : Competitive Analysis: Global MIAS Market, by Key Players, 2017
FIG. 9 : Global Integrated Market for MIAS, 2016 – 2026 (US$ Mn)
FIG. 10 : Global Standalone Market for MIAS, 2016 – 2026 (US$ Mn)
FIG. 11 : Global Tomography Market for MIAS, 2016 – 2026 (US$ Mn)
FIG. 12 : Global Ultrasound Imaging Market for MIAS, 2016 – 2026 (US$ Mn)
FIG. 13 : Global Radiographic Imaging Market for MIAS, 2016 – 2026 (US$ Mn)
FIG. 14 : Global Combined Modalities Market for MIAS, 2016 – 2026 (US$ Mn)
FIG. 15 : Global Orthopedic Market for MIAS, 2016 – 2026 (US$ Mn)
FIG. 16 : Global Cardiology Market for MIAS, 2016 – 2026 (US$ Mn)
FIG. 17 : Global Oncology Market for MIAS, 2016 – 2026 (US$ Mn)
FIG. 18 : Global Mammography Market for MIAS, 2016 – 2026 (US$ Mn)
FIG. 19 : Global Other Applications Market for MIAS, 2016 – 2026 (US$ Mn)
FIG. 20 : U.S. MIAS Market, 2016 – 2026 (US$ Mn)
FIG. 21 : Canada MIAS Market, 2016 – 2026 (US$ Mn)
FIG. 22 : U.K. MIAS Market, 2016 – 2026 (US$ Mn)
FIG. 23 : Germany MIAS Market, 2016 – 2026 (US$ Mn)
FIG. 24 : Rest of Europe MIAS Market, 2016 – 2026 (US$ Mn)
FIG. 25 : China MIAS Market, 2016 – 2026 (US$ Mn)
FIG. 26 : Japan MIAS Market, 2016 – 2026 (US$ Mn)
FIG. 27 : Rest of Asia Pacific MIAS Market, 2016 – 2026 (US$ Mn)
FIG. 28 : Brazil MIAS Market, 2016 – 2026 (US$ Mn)
FIG. 29 : Mexico MIAS Market, 2016 – 2026 (US$ Mn)
FIG. 30 : Rest of Latin America MIAS Market, 2016 – 2026 (US$ Mn)
FIG. 31 : GCC MIAS Market, 2016 – 2026 (US$ Mn)
FIG. 32 : Rest of MEA MIAS Market, 2016 – 2026 (US$ Mn)

List of Tables

TABLE 1 : Global Medical Image Analysis Software (MIAS) Market Portraiture
TABLE 2 : Global MIAS Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 3 : Global MIAS Market, by Modality, 2016 – 2026 (US$ Mn)
TABLE 4 : Global MIAS Market , by Application, 2016 – 2026 (US$ Mn)
TABLE 5 : Global MIAS Market, by Geography, 2016 – 2026 (US$ Mn)
TABLE 6 : North America MIAS Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 7 : North America MIAS Market, by Modality, 2016 – 2026 (US$ Mn)
TABLE 8 : North America MIAS Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 9 : North America MIAS Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 10 : Europe MIAS Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 11 : Europe MIAS Market, by Modality, 2016 – 2026 (US$ Mn)
TABLE 12 : Europe MIAS Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 13 : Europe MIAS Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 14 : Asia Pacific MIAS Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 15 : Asia Pacific MIAS Market, by Modality, 2016 – 2026 (US$ Mn)
TABLE 16 : Asia Pacific MIAS Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 17 : Asia Pacific MIAS Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 18 : Latin America MIAS Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 19 : Latin America MIAS Market, by Modality, 2016 – 2026 (US$ Mn)
TABLE 20 : Latin America MIAS Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 21 : Latin America MIAS Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 22 : Middle East and Africa MIAS Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 23 : Middle East and Africa MIAS Market, by Modality, 2016 – 2026 (US$ Mn)
TABLE 24 : Middle East and Africa MIAS Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 25 : Middle East and Africa MIAS Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 26 : Aquilab GmbH: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 27 : Agfa-Gevaert Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 28 : Bruker Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 29 : Carestream Health, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 30 : GE Healthcare: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 31 : MIM Software, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 32 : Philips Healthcare: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 33 : Siemens Healthineers: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 34 : Toshiba Medical Systems Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 35 : Xinapse Systems Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)

Frequently Asked Question

What is the size of Medical Image Analysis Software Market?

The market for Medical Image Analysis Software Market is expected to reach USD$ 4,642.1 Mn in 2026.

What is the Medical Image Analysis Software Market CAGR?

The Medical Image Analysis Software Market is expected to see significant CAGR growth over the coming years, at 8.1% .

What is the Forecast period considered for Medical Image Analysis Software Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Medical Image Analysis Software Market?

The base year of this report is 2017.

Who are the major players in this market?

Agfa-Gevaert Corporation, Bruker Corporation, Carestream Health, Inc., GE Healthcare, MIM Software, Inc., Philips Healthcare. are some of the major players in the global market.

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