Medical Image Processing Software Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Medical image processing software is an important part of diagnostic machines. Medical image processing software helps in enhancing and accurately identifying the features of an image. This software is helpful for viewing, storing, training, and sharing data across medical industries. Medical image processing software increases the effectiveness and efficiency of medical procedures and this will continue to drive the market worldwide. Government initiatives for achieving increased efficiency in medical procedures, technological advancements, and a growing demand for imaging modalities will bode well for the growth of this market. Growing incidences of cancer, growing applications of computer aided design, fusion of technologies, and automated image analysis are other growth factors which will drive the global medical image processing software market.
The awareness about the advantages of medical image processing software in diagnostics is expected to increase in the forecast period from 2017 to 2025 and this will have a positive impact on the market. The rising geriatric population is another key driver for this market. On the other hand, hacking could be a challenge for the market. The drawbacks associated with the software can also be a factor that hampers the adoption rate of medical image processing software. However, players are increasingly investing in research and development to eliminate drawbacks and also prevent hacking. The use of medical imaging software for enabling improved patient care and enhanced operating productivity by empowering healthcare professionals, doctors, and clinicians with flexibility and ease of handling, will ensure a continued growth of this market.
In the last few years, improved diagnosis has led to new developments in the technology of medical image processing and software employed in it. Furthermore, developments in medical imaging devices have augmented the need for feasible image processing, storage, and sharing solutions. At present, the medical imaging methods are particularly transfigured with the help of modern computer graphics. Medical image processing software delivers better-quality precision by early detection of life intimidating diseases such as macular degeneration and others. The medical field has witnessed an amplified use of the medical image processing software that enables enhanced visualization of imaging data.
The demand for medical image processing software is anticipated to intensify owing to the rising geriatric population and increasing demand for advanced healthcare. The medical image processing software market is chiefly driven by explosive increase in complexity and volume of imaging data. Moreover, mounting demand for imaging solutions with enhanced efficiency and reduced cost along with increasing adoption of eHealth infrastructure is anticipated to further boost the demand for the medical image processing software. The robust advancement in imaging technologies has alone led to the generation of huge amount of data. The expansion of cloud computing infrastructure for research, medical, and healthcare facilities is further anticipated to provide key opportunities for the growth of the medical image processing software market.
Currently, portable electronic tablets are progressively used in order to enhance consultation and reduce the time of waiting of patients. Medical image processing software in tablets help doctors to review images effortlessly on mobile devices. Recently, Mobisante developed a smartphone based on the ultrasonic imaging system. Moreover, Skin Analytics Ltd. introduced a software application that can enable people to track the structure and color of their moles. The cloud computing market for hospitals and research institutes is anticipated to grow as it provides better facility to process and store images. Thus, the key technological trends for medical image processing software are increasing use of portable tablets and cloud computing.
In terms image type, the medical image processing market is classified into 2 dimensional, 3 dimensional, and 4 dimensional images. Several end users of medical image processing software market are diagnostic centers, research and development institutes, and hospitals. Based on modalities, medical imaging is categorized into fluoroscopy, mammography, nuclear medicine, magnetic resonance imaging, single photon emission tomography, positron emission tomography, computed tomography, ultrasound, and x-ray.
Geographically, North America accounted for the leading share in the medical image processing software market closely followed by Europe. Countries such as India, China, Japan and South Korea are anticipated to contribute positively towards the growth of the medical image processing software market.
The key players of the market are Elekta AB, Claron Technology Inc., GE Healthcare, Esaote S.P.A., Riverain Technologies, Toshiba Medical Systems Corporation, MIM Software Inc, Philips Healthcare (Koninklijke Philips N.V.), Brain Innovation B.V., and Amirsys Inc among others. With increasing competition, players are focusing on positioning themselves strongly by addressing the diversified needs of customers through effective and robust medical imaging software.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report