Global Medical Imaging Software Market 2017-2021

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.