The report "Medical
Image Analysis Software Market by Type (Integrated, Standalone), Image (2D, 3D,
4D), Modality (CT, MRI, PET, Ultrasound, Radiography), Application (Orthopedic,
Oncology, Nephrology), End User (Hospital, Research Center) - Global Forecasts
to 2020", analyzes and studies the major market drivers, restraints,
opportunities, and challenges in North America, Europe, Asia, and the Rest of
the World (RoW).
Browse 308 market data Tables and 64 Figures spread through 312 Pages and in-depth TOC on "Medical Image Analysis Software Market"
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The global medical image analysis software market is
expected to reach USD 3,135.3 Million by 2020 from USD 2,143.7 Million in 2015,
at a CAGR of 7.9% during the forecast period.
Growth in this market is mainly driven by factors such as
technological advancements, growing public- and private-sector investments,
rapid growth in aging population, fusion of imaging technologies, growing
applications of computer-aided diagnosis (CAD), rising incidence of chronic
diseases, and increasing usage of imaging equipment.
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Moreover, factors such as rising demand for automated image analysis
techniques, growing impact of cloud-based solutions, and untapped emerging
markets are expected to offer significant growth opportunities to players
operating in the medical image analysis software market. However, financial
constraints, growing hacking-related risks associated with the use of medical
equipment and software, and dearth of skilled professionals are expected to
restrain the growth of this market in the coming years.
This report segments the medical image analysis software market based
on software type, image type, modality, application, end user, and region.
Based on software type, the medical image analysis software market is segmented
into integrated and standalone software. The integrated software segment is
expected to account for the largest market share in 2015, primarily due to the
growing adoption of imaging systems.
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Based on region, the medical image analysis software market is
segmented into North America, Europe, Asia, and Rest of the World (RoW). The
North American market is sub segmented into the U.S. and Canada; the European
market is sub segmented into Germany, France, the U.K., and Rest of Europe
(RoE); and the Asian market is subsegmented into Japan, China, India, and Rest
of Asia (RoA). In 2015, North America is expected to dominate the market,
followed by Europe. Major factors such as rising geriatric population,
technological advancements, and favorable reimbursement policies are driving
the medical image analysis software market in North America.
However, the Asian market is expected to witness higher growth in the
coming years, majorly due to the increasing government initiatives for the
modernization of healthcare infrastructure, growth in the number of new and
advanced products being launched in emerging Asian countries, and rising number
of ongoing research activities.
The medical image analysis software market is highly fragmented, with
several big and emerging players operating in the market. Some of the key
market players include Agfa HealthCare (Belgium), Aquilab (France), Carestream
Health, Inc. (U.S.), Esaote S.p.A (Italy), GE Healthcare (U.K.), Merge
Healthcare, Inc. (U.S.), MIM Software Inc. (U.S.), Philips Healthcare
(Netherlands), Siemens Healthcare (Germany), and Toshiba Medical Systems
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