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Medical Image Analysis Software Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2017–2021)

Market was worth USD 2.46 billion in 2016 and estimated to be growing at a CAGR of 7.72%, to reach USD 3.56 billion by 2021
Lokesh Mattaparthy | 27.03.2018
A medical photograph analysis software facilitates the quantitative examine and visualization of medical pics of more than a few modalities inclusive of MRI, X-ray, CT, PET, ultrasound, and SPECT.This software program assists in the growth of computational strategies and algorithms with the intention to measure scientific records. With the progress of scientific photo evaluation software program, numerous medical procedures have grown a lot with reference to individualized remedy and useful records management.The Global Medical Image Analysis Software Market was worth USD 2.46 billion in 2016 and estimated to be growing at a CAGR of 7.72%, to reach USD 3.56 billion by 2021

The boom of the Global Medical Image Analysis Software Market is especially driven by means of factors which include technological advancements, upsurge in frequency of most cancers instances, boom in call for for imaging modalities, and favourable government schemes. The developing want for stepped forward performance in medical strategies is another predominant issue driving the growth of the market. However, factors such as excessive cost of software program information, hacking worries, and data safety issues are preventing the increase of the market.

The Global Medical Image Analysis Software marketplace is segmented based on Image Type, Imaging Technology, Application, and End User. The marketplace for Medical Image Analysis Software, on the idea of Image Type is segmented into 2D Imaging, three-D Imaging, and 4D Imaging. The 3-D Imaging segment leads the global market on the idea of Image Type and is likewise projected to witness a higher increase charge in the course of the forecast duration.

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On the basis of Imaging Technology, the global Medical Image Analysis Software marketplace is segmented into X-Ray, Computed Tomography, Positron Emission Tomography, Single Photon Emission Computed Tomography, Magnetic Resonance Imaging, Ultrasound, and Radiographic Imaging. Computed Tomography is further segmented into high-End Slice CT, mid-End Slice CT, and low-End Slice CT, while Magnetic Resonance Imaging is in addition categorized into open MRI Systems and closed MRI Systems. Under this phase, Computed Tomography leads the market observed with the aid of X-Ray and Magnetic Resonance Imaging (MRI).

On the idea of Application, the global Medical Image Analysis Software marketplace is segmented into Cardiovascular, Neurology, Dental, Urology, Orthopaedic, Oncology, Obstetrics and Gynaecology, and Mammography. The Cardiovascular section leads the global market on the basis of utility, accompanied by way of orthopaedic and neurology. On the premise of End User, the global Medical Image Analysis Software marketplace is segmented into Hospitals, Research Centres, and Diagnostic Centres.

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The market has additionally been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. In 2015, North America led the worldwide Medical Image Analysis Software marketplace in terms of both fee and capability. However, the Asia Pacific location is projected to develop the highest in the course of the forecast length due to different factors together with presence of sufficient untapped possibilities, increase in in keeping with capita profits, advancements in diagnostic technology and developing focus amongst people concerning medical imaging techniques and their blessings.

This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the global Medical Image Analysis Software market are Agfa HealthCare, Medviso AB, Aquilab, Bruker Corporation, Carestream Health Inc., Esaote S.p.A, GE Healthcare, Spacelabs Healthcare, Merge Healthcare Inc., Xinapse Systems Ltd., MIM Software Inc., Philips Healthcare, Claron Technologies, Siemens Healthcare, and Toshiba Medical Systems Corporation.

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