Global medical imaging software market overview
The global medical imaging software market forecast report compiled by market research analysts at Technavio predict that this industry will grow steadily during the next four years and post a CAGR of nearly 7% by 2021. This market research analysis identifies the up gradation of analog to digital medical imaging systems as one of the primary factors for the medical imaging software market growth. The switch from analog to digital imaging systems has risen the demand for medical imaging software. Healthcare centers, like hospitals and diagnostic centers, are advancing from analog X-ray systems to digital x-ray systems costing much higher than the analog systems. To counter this, cost-effective solutions like retrofit kits are used to convert analog X-ray systems into computed radiography systems by adopting detection devices such as high-density solid scan systems or flat panel detectors. As per the medical imaging software industry report, these systems have assisted hospitals and other diagnostic centers in modernizing their analog systems cost-effectively and driving the growth of the market in future.
In terms of geography, the Americas led the market during 2016 and is expected to continue the lead over the next four years. Factors such as increased revenue from the key players in the region and improved knowledge about technological advances and better medical infrastructure in the US will drive the growth of the market in this region.
Competitive landscape and key vendors
The global medical imaging software market consists of large players with leading market shares. The rising revenue from the markets such as the US and Europe has already attained maturity leading to improvements in the technological platforms.
Key vendors in the market are:
- Agfa-Gevaert
- Carestream Health
- Esaote
- GE Healthcare
- Siemens Healthineers
- Toshiba Medical Systems
Other prominent vendors include 20/20 imaging, Anatomage, IBA Dosimetry, iCRco, IMAGE Information Systems, INDEC BioSystems, Materialise, Meddiff Technologies, Mediso, MeVis, NEC, Neusoft Medical Systems, NOVARAD, PerkinElmer, Philips, SCANCO Medical, SOREDEX, Spintech Oceania, Sun Nuclear, Terarecon, Varian Medical Systems, and Xoran Technologies LLC.
Segmentation by product type and the medical imaging software market analysis
- Nuclear imaging
- Tomography
- MRI
- Ultrasound imaging
- Radiographic imaging
During 2016, the radiographic imaging accounted for the major shares in the product type segment of the global medical imaging software market and is expected to continue the dominion over the next four years. Factors such as the technical advances and mobile x-rays contribute to the growth of segment in the coming years.
Segmentation by end-user and the medical imaging software market analysis
- Hospitals
- Diagnostic centers
The hospitals are the chief end-users of the global medical imaging software market with a high requirement for technologically improved diagnostic and therapeutic imaging devices. Moreover, the manufacturers of medical imaging equipment concentrate on delivering their products to hospitals to improve their brand /image and widen their product reach.
Key questions answered in the report include
- What will the medical imaging software market worth, market size and the growth rate be in 2021?
- What are the key factors driving the global medical imaging software market?
- What are the key market trends impacting the growth of the global medical imaging software market?
- What are the challenges to the medical imaging software market growth?
- Who are the key vendors in the global medical imaging software market?
- What are the market opportunities and threats faced by the vendors in the global medical imaging software market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global medical imaging software market?
Technavio also offers customization on reports based on specific client requirement.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product
- Market overview
- Radiographic imaging
- Ultrasound imaging
- Tomography
- MRI
- Nuclear Imaging
PART 07: Market segmentation by end-user
- Hospitals
- Diagnostic centers
- Others
- PART 08: Geographical segmentation
- Overview
- Americas
- EMEA
- APAC
PART 09: Key leading countries
- Key leading countries in medical imaging software market
- US
- China
- Germany
PART 10: Decision framework
PART 11: Drivers and challenges
- Market drivers
- Impact of drivers on key customer segments
- Market challenges
- Impact of challenges on key customer segments
PART 12: Market trends
- Strategic initiatives
- Growth of mobile and cloud-based medical imaging software and devices
- Growing need for medical imaging software and devices from BRIC region
PART 13: Vendor landscape
- Competitive overview
- Other prominent vendors
PART 14: Key vendor analysis
- Agfa-Gevaert
- Carestream Health
- Esaote
- GE Healthcare
- Siemens Healthineers
- Toshiba Medical Systems
PART 15: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape