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Global Medical Image Analysis Software Market to reach USD 5.53 billion by the end of 2030.

Global Medical Image Analysis Software Market Size Study & Forecast, by Type (Integrated Software, Stand-alone Software), by Modality (Tomography, Ultrasound Imaging, Radiographic Imaging, Combined Modalities), by Imaging Type, by Application (Orthopedic, Dental, Neurology, Cardiology, Oncology, Obstetrics & Gynecology, Mammography, Urology & Nephrology), by End-use, and Regional Analysis, 2023-2030

Product Code: HLSHIT-43565557
Publish Date: 10-01-2024
Page: 200

Global Medical Image Analysis Software Market is valued at approximately USD 3.03 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2023-2030. Medical image analysis software refers to any software application capable of processing and analyzing data derived from medical images. These images are typically generated through diverse medical imaging modalities, including X-rays, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), ultrasound, and more. The software plays a pivotal role in supporting healthcare professionals by aiding in disease diagnosis, treatment planning, and ongoing condition monitoring. The market is witnessing significant growth due to surging demand for diagnostic imaging software across diverse medical specialties, including orthopedics, dental, neurology, urology, and oncology. Additionally, the rising adoption of ultrasound imaging systems, because of increasing diagnosis of chronic disorders, is expected to contribute to the increased demand for this software. Also, ongoing innovations in imaging technology, particularly advancements such as Computer-Aided Diagnosis (CAD), as well as the increasing need for efficiency and effectiveness in medical infrastructure are projected to provide an additional growth prospect for the demand for medical image analysis software.

Moreover, the increasing incidences of chronic diseases are fueling the market demand at a substantial rate. Chronic diseases such as cancer, heart disease, and neurological disorders require frequent monitoring and imaging, leading to higher demand for image analysis tools. Healthcare providers’ escalating need for precise and detailed diagnostic imaging is further fostering market expansion. According to World Health Organization (WHO) data published in April 2021, An estimated 41 million people die from chronic illnesses each year, or 71% of all deaths worldwide. Seventy-seven percent of deaths in low- and middle-income nations are caused by chronic diseases. About 17.9 million people each year die from chronic diseases, the majority of which are related to cardiovascular diseases, followed by cancers (9.3 million), respiratory diseases (4.1 million), and diabetes (1.5 million). Therefore, the high prevalence rate and mortality rate associated with chronic diseases increase the demand for early diagnosis, thus driving the market demand across the globe. Moreover, the rise in the inclination towards cloud-based image analysis solutions, as well as the growing investment in technological advancement presents various lucrative opportunities over the forecast years. However, the unavailability of skilled professionals and rising concerns regarding software hacking are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Medical Image Analysis Software Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the availability of well-established healthcare facilities with advanced diagnostic tools and supportive government initiatives that encourage the integration of healthcare information technology. Additionally, the expansion is propelled by rising investments in Research and Development (R&D) and the significant presence of key industry players. For instance, in February 2022, MIM Software Inc. declared the company’s partnership with GenesisCare, a global provider of integrated cancer care, which aims to extend global patient access. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The market is anticipated to witness growth due to the rising utilization of software among healthcare professionals. Increased awareness of the benefits associated with these systems is a significant factor expected to drive market expansion. Furthermore, the increasing healthcare expenditure and higher disposable income levels in countries such as China and India are significantly propelling the market demand across the region.

Major market players included in this report are:
Koninklijke Philips N.V.
Agfa-Gevaert Group
Canon Medical Systems Corporation
MIM Software, Inc.
Bruker
Siemens Healthineers AG
ESAOTE SPA
Deep Rui Medical (Deepwise)
Infervision Medical Technology Co., Ltd.
Neusoft Medical Systems Co., Ltd.

Recent Developments in the Market:
Ø In January 2023, Bruker Corporation completed the acquisition of ACQUIFER Imaging GmbH, broadening its portfolio to encompass big data management and high-content screening solutions tailored for bioimaging applications.
Ø In March 2022, Koninklijke Philips N.V. (Netherlands) announced the launch of Cloud-enabled Enterprise Imaging Informatics and Analytics Solutions, named HealthSuite Interoperability and Enterprise Performance Analytics – PerformanceBridge. These offerings are designed to address a range of workflow requirements within the imaging enterprise.
Ø In February 2022, Siemens Healthineers (Germany) entered a partnership with Universal Medical Imaging to enhance the efficiency of image screening and disease diagnosis in primary healthcare institutions in China. This collaboration involves leveraging advanced imaging diagnostic equipment and remote scanning assistant tools from Siemens Healthineers, combined with the expertise of medical imaging professionals nationwide at Universal Medical Imaging.

Global Medical Image Analysis Software Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Modality, Imaging Type, Application, End-use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Integrated Software
Stand-alone Software

By Modality:
Tomography
Ultrasound Imaging
Radiographic Imaging
Combined Modalities

By Imaging Type:
2D Imaging
3D Imaging
4D Imaging

By Application:
Orthopedic
Dental
Neurology
Cardiology
Oncology
Obstetrics & Gynecology
Mammography
Urology & Nephrology

By End-use:
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Medical Image Analysis Software Market, by Region, 2020-2030 (USD Billion)
1.2.2. Medical Image Analysis Software Market, by Type, 2020-2030 (USD Billion)
1.2.3. Medical Image Analysis Software Market, by Modality, 2020-2030 (USD Billion)
1.2.4. Medical Image Analysis Software Market, by Imaging Type, 2020-2030 (USD Billion)
1.2.5. Medical Image Analysis Software Market, by Application, 2020-2030 (USD Billion)
1.2.6. Medical Image Analysis Software Market, by End-use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Medical Image Analysis Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Medical Image Analysis Software Market Dynamics
3.1. Medical Image Analysis Software Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rapid adoption of ultrasound imaging systems
3.1.1.2. Rising incidences of chronic diseases
3.1.2. Market Challenges
3.1.2.1. Unavailability of skilled professionals
3.1.2.2. Rising concerns regarding software hacking
3.1.3. Market Opportunities
3.1.3.1. Rise in the inclination towards cloud-based image analysis solutions
3.1.3.2. Growing investment in technological advancement
Chapter 4. Global Medical Image Analysis Software Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Medical Image Analysis Software Market, by Type
5.1. Market Snapshot
5.2. Global Medical Image Analysis Software Market by Type, Performance – Potential Analysis
5.3. Global Medical Image Analysis Software Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Medical Image Analysis Software Market, Sub Segment Analysis
5.4.1. Integrated Software
5.4.2. Stand-alone Software
Chapter 6. Global Medical Image Analysis Software Market, by Modality
6.1. Market Snapshot
6.2. Global Medical Image Analysis Software Market by Modality, Performance – Potential Analysis
6.3. Global Medical Image Analysis Software Market Estimates & Forecasts by Modality 2020-2030 (USD Billion)
6.4. Medical Image Analysis Software Market, Sub Segment Analysis
6.4.1. Tomography
6.4.2. Ultrasound Imaging
6.4.3. Radiographic Imaging
6.4.4. Combined Modalities
Chapter 7. Global Medical Image Analysis Software Market, by Imaging Type
7.1. Market Snapshot
7.2. Global Medical Image Analysis Software Market by Imaging Type, Performance – Potential Analysis
7.3. Global Medical Image Analysis Software Market Estimates & Forecasts by Imaging Type 2020-2030 (USD Billion)
7.4. Medical Image Analysis Software Market, Sub Segment Analysis
7.4.1. 2D Imaging
7.4.2. 3D Imaging
7.4.3. 4D Imaging
Chapter 8. Global Medical Image Analysis Software Market, by Application
8.1. Market Snapshot
8.2. Global Medical Image Analysis Software Market by Application, Performance – Potential Analysis
8.3. Global Medical Image Analysis Software Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
8.4. Medical Image Analysis Software Market, Sub Segment Analysis
8.4.1. Orthopedic
8.4.2. Dental
8.4.3. Neurology
8.4.4. Cardiology
8.4.5. Oncology
8.4.6. Obstetrics & Gynecology
8.4.7. Mammography
8.4.8. Urology & Nephrology
Chapter 9. Medical Image Analysis Software Market, by End-use
9.1. Market Snapshot
9.2. Global Medical Image Analysis Software Market by End-use, Performance – Potential Analysis
9.3. Global Medical Image Analysis Software Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
9.4. Medical Image Analysis Software Market, Sub Segment Analysis
9.4.1. Hospitals
9.4.2. Diagnostic Centers
9.4.3. Ambulatory Surgical Centers
9.4.4. Others
Chapter 10. Global Medical Image Analysis Software Market, Regional Analysis
10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Medical Image Analysis Software Market, Regional Market Snapshot
10.4. North America Medical Image Analysis Software Market
10.4.1. U.S. Medical Image Analysis Software Market
10.4.1.1. Type breakdown estimates & forecasts, 2020-2030
10.4.1.2. Modality breakdown estimates & forecasts, 2020-2030
10.4.1.3. Imaging Type breakdown estimates & forecasts, 2020-2030
10.4.1.4. Application breakdown estimates & forecasts, 2020-2030
10.4.1.5. End-use breakdown estimates & forecasts, 2020-2030
10.4.2. Canada Medical Image Analysis Software Market
10.5. Europe Medical Image Analysis Software Market Snapshot
10.5.1. U.K. Medical Image Analysis Software Market
10.5.2. Germany Medical Image Analysis Software Market
10.5.3. France Medical Image Analysis Software Market
10.5.4. Spain Medical Image Analysis Software Market
10.5.5. Italy Medical Image Analysis Software Market
10.5.6. Rest of Europe Medical Image Analysis Software Market
10.6. Asia-Pacific Medical Image Analysis Software Market Snapshot
10.6.1. China Medical Image Analysis Software Market
10.6.2. India Medical Image Analysis Software Market
10.6.3. Japan Medical Image Analysis Software Market
10.6.4. Australia Medical Image Analysis Software Market
10.6.5. South Korea Medical Image Analysis Software Market
10.6.6. Rest of Asia Pacific Medical Image Analysis Software Market
10.7. Latin America Medical Image Analysis Software Market Snapshot
10.7.1. Brazil Medical Image Analysis Software Market
10.7.2. Mexico Medical Image Analysis Software Market
10.8. Middle East & Africa Medical Image Analysis Software Market
10.8.1. Saudi Arabia Medical Image Analysis Software Market
10.8.2. South Africa Medical Image Analysis Software Market
10.8.3. Rest of Middle East & Africa Medical Image Analysis Software Market

Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Company 1
11.1.2. Company 2
11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. Koninklijke Philips N.V.
11.3.1.1. Key Information
11.3.1.2. Overview
11.3.1.3. Financial (Subject to Data Availability)
11.3.1.4. Product Summary
11.3.1.5. Recent Developments
11.3.2. Agfa-Gevaert Group
11.3.3. Canon Medical Systems Corporation
11.3.4. MIM Software, Inc.
11.3.5. Bruker
11.3.6. Siemens Healthineers AG
11.3.7. ESAOTE SPA
11.3.8. Deep Rui Medical (Deepwise)
11.3.9. Infervision Medical Technology Co., Ltd.
11.3.10. Neusoft Medical Systems Co., Ltd.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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