Press Releases
 
Medical Image Analysis Software Market to Report a CAGR of 8.34% Between 2017 and 2024

Transparency Market Research Report Added "Medical Image Analysis Software Market" to its database.

Albany NY, 7 December 2018 -- Medical image analysis software market will expand at healthy CAGR of 8.34% during the forecast period of 2017 to 2024. Revenue-wise, the analyst of the report has estimated that there will be opportunities worth US$4,668.8 mn in the market for software for medical image analysis across the globe by the end of 2024, substantially more than the market’s evaluated valuation of US$2,664.3 mn as of 2017

Global Medical Image Analysis Software Market: Snapshot

Early and assured detection of a disease goes a long way towards providing adequate care to the patients. For a few decades, we have had medical imaging techniques such as magnetic resonance imaging (MRI) and computed tomography (CT) scan for diagnosis of diseases pertaining to cardiology, neurology, orthopedic, nephrology, and others. However, detailed analysis of those medical images has never been as accurate as now with the advent of 3D imaging and 4D ultrasound techniques. In the near future, software-controlled medical imaging is promising never-achieved efficiency of medical image analysis and the market for the same is flourishing. According to this business intelligence report, the demand in the global medical image analysis software market will expand at healthy CAGR of 8.34% during the forecast period of 2017 to 2024. Revenue-wise, the analyst of the report has estimated that there will be opportunities worth US$4,668.8 mn in the market for software for medical image analysis across the globe by the end of 2024, substantially more than the market’s evaluated valuation of US$2,664.3 mn as of 2017.

Report Overview @ https://www.transparencymarketresearch.com/medical-image-analysis-software-market.html

Some of the key factors driving the medical image analysis software market are: advent of 3D and 4D imaging technologies, growing investments into the field of medical imaging by government and private agencies, prevalence of several chronic diseases, growing application of computer-aided diagnostic methods, and improving healthcare infrastructure across several emerging economies. On the other hand, high cost of the equipment, deep penetration of standalone software vendors, and dearth of skilled professions are a few restraints hindering the prosperity of the medical image analysis software market. Nevertheless, the vendors of this market stand to gain fresh opportunities from the integration of artificial intelligence, cloud-based image analysis solution, and expansion into the emerging economies.

Integrated Software Gaining Over Standalone Segment

Based on software type, the medical image analysis software market has been segmented into integrated and standalone. As of 2017, the standalone software segment provided for slightly more than 53% of the total demand. However, the integrated software segment, driven by growing need of interlinking various images and databases, is poised to provide for a demand that will be worth US$2,581.8 mn by 2024. This will constitute for more than 55% of the total demand, taking over the position of leading segment of this market. Integrated software allows large amount of data to be stored and also allows a single output from multiple programs.

Request A Sample Copy @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5306

3D Imaging Segment Showing Stronger Growth Prospects than 2D and 4D

On the basis of imaging type, the market for software to analyze medical images has been bifurcated into 2D imaging, 3D imaging, and 4D imaging. As of 2017, the 3D imaging segment provided for a revenue of US$1,400.0 mn and is primed to further gain ground over other segments. By 2024, the 3D imaging segment is estimated to be worth US$2,556.0 mn, representing 54.7% of the total demand in this market. Growth of the segment is attributed to increasing applications of 3D imaging technique and rising incidence of diseases such as cardiovascular, cancer, neuro and others. Currently, 3D imaging technique is widely used in imaging modalities such as CT, MRI, PET, ultrasound, and radiography.

Ultrasound to Remain Leading Modality Segment until 2024

Based on modality, the report has classified the medical image analysis software market into CT, MRI, SPECT, PET, ultrasound, radiographic imaging, and other modalities. Among these, ultrasound and radiographic imaging are the two segments that provided for the most prominent chunk of demand in this market as of 2017. By the end of 2024, the two segments are estimated to attain a valuation of US$1,471.8 and US$1,255.5 mn respectively. The growth of the ultrasound segment is due to increasing cases of gynecological disorders and thyroid cases whereas the radiographic imaging segment is driven by increasing application in orthopedics, dental, and other chronic conditions such as pneumonia.

The report has also segmented the medical image analysis software market on the basis of application into gynecology, dental, nephrology, neurology, oncology, orthopedic, cardiology, and others. Moreover, analyst has included the potential of demand that can be expected out of all prominent end users, viz. ambulatory surgical centers, diagnostic centers, research and academic institutes, hospitals, and clinics.

Asia Pacific a Region with Lucrative Potential

Geographically, this business intelligence report on the medical image analysis software market highlights three regions: North America, Europe, and Asia Pacific. As of 2017, North America and Europe generated a demand for the software that was worth US$893.5 mn and US$710.9 mn respectively. High adoption rate of new technology, high prevalence of cardiovascular diseases, and robust healthcare infrastructure are some of the factors driving these two regions. However, the demand from Asia Pacific is projected to expand at an above average CAGR of 9.5% during the period of 2017 to 2024, and attain a valuation of US$1,022.5 mn. Asia Pacific is vastly populated and as the cost of the technology and equipment fall, this region will provide for strong opportunities.

GE Healthcare, Siemens Healthineers, Agfa-Gevaert N.V., Philips Healthcare, Hologic Inc., Pie Medical Imaging, and Sciencesoft USA Corporation are a few key players currently ahead of the curve in the global medical image analysis software market.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact Us

Transparency Market Research

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email:

Website: https://www.transparencymarketresearch.com

# # #


Submitted by hawer on Friday, 7 December 2018 at 4:00 PM
Category: Health Care & Medical
 
Related News

Inspection Machines Market Competitive Landscape Analysis with Forecast by 2025
Tuesday, 19 Mar 2019

Bleeding Disorder Treatment Market Trends Shows a Rapid Growth by 2025
Tuesday, 19 Mar 2019

Fibromyalgia Treatment Market Will Generate New Growth Opportunities By 2027
Tuesday, 19 Mar 2019

Cell Free Protein Expression Market Size, Status and Forecast to 2026
Monday, 18 Mar 2019

Heart Attack Diagnostics Market to Observe Significant Growth during 2016-2024
Monday, 18 Mar 2019

Related Events

Principles of Pain Management and Palliative Care 2019
Sunday, 17 Mar 2019

The 29th International Pediatric Association (IPA) Congress 2019
Sunday, 17 Mar 2019

21st Annual Superbugs & Superdrugs Conference
Monday, 18 Mar 2019

2nd Adaptive Clinical Trials Symposium
Monday, 18 Mar 2019

SMi's 3rd Annual Drug Discovery Chemistry
Monday, 18 Mar 2019

Latest News

Inspection Machines Market Competitive Landscape Analysis with Forecast by 2025
Tuesday, 19 Mar 2019

Bleeding Disorder Treatment Market Trends Shows a Rapid Growth by 2025
Tuesday, 19 Mar 2019

The Advantages of Getting a Virtual Phone Number for the Organization
Tuesday, 19 Mar 2019

Fibromyalgia Treatment Market Will Generate New Growth Opportunities By 2027
Tuesday, 19 Mar 2019

Cell Free Protein Expression Market Size, Status and Forecast to 2026
Monday, 18 Mar 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Tuesday, 19 March 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • COMEX - IT Telecom And Technology Show 2019
  • Principles of Pain Management and Palliative Care 2019
  • The 29th International Pediatric Association (IPA) Congress 2019
  • 21st Annual Superbugs & Superdrugs Conference
  • 2nd Adaptive Clinical Trials Symposium

  • Latest Jobs
    Sorry, there are currently no entries posted here.