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Medical Image Analysis Software Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 145
  • SKU: IRTNTR40361
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The medical image analysis software market has the potential to grow by USD 1.53 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.90%.

This medical image analysis software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (standalone and integrated) and geography (North America, APAC, Europe, South America, and MEA). The medical image analysis software market report also offers information on several market vendors, including Agfa-Gevaert NV, AnalyzeDirect Inc., AQUILAB SAS, Carestream Health Inc., Esaote SpA, General Electric Co., International Business Machines Corp., Koninklijke Philips NV, Mirada Medical Ltd., and Siemens AG among others.

What will the Medical Image Analysis Software Market Size be in 2021?

Medical-Image-Analysis-Software-Market-Market-Size-2020-2025

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Medical Image Analysis Software Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The advances in the medical imaging field is notably driving the medical image analysis software market growth, although factors such as growing concerns regarding data privacy and security may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the medical image analysis software industry get your FREE report sample now.

  • The emergence of advanced technologies in medical imaging is a major factor driving the demand for medical imaging systems.
  • With advanced research and technological evolution, medical imaging has seen numerous advances in technology.
  • Open and portable MRIs, big data and analytics, and 3D technologies in diagnostic radiology are some of the latest advances that have increased the capabilities of medical imaging systems.
  • Digital mammography has revolutionized breast cancer screening by providing greater detail and can generate results that are similar to conventional mammograms but without using film and X-rays.
  • From the use of big data in medical imaging to the possibilities of 3D imaging, these advances are changing the future of medical imaging and leading to increased adoption of different medical imaging techniques.
  • As the occurrence of chronic diseases increases in the population worldwide, there will be an increased use of medical imaging techniques and high demand for image analysis for improved diagnoses.
  • The growing prevalence of chronic diseases and generally incurable conditions, such as cancer, cardiovascular conditions, diabetes, and asthma, is responsible for the increase in demand for medical imaging systems.
  • Post-imaging analysis using advanced image analysis software helps in the early detection of chronic diseases and assesses the effectiveness of therapy on patients. 
  • Medical imaging technology plays a major role in addressing chronic health concerns, as it helps in focusing on preventative health.
  • Diagnostic imaging plays a crucial role in the early detection of chronic diseases and in monitoring disease progression. 

This medical image analysis software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Medical Image Analysis Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Agfa-Gevaert NV
  • AnalyzeDirect Inc.
  • AQUILAB SAS
  • Carestream Health Inc.
  • Esaote SpA
  • General Electric Co.
  • International Business Machines Corp.
  • Koninklijke Philips NV
  • Mirada Medical Ltd.
  • Siemens AG

 

The medical image analysis software market is fragmented and the vendors are deploying growth strategies such as creating awareness about the benefits of using medical image analysis software to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the medical image analysis software market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Medical Image Analysis Software Market?

Medical-Image-Analysis-Software-Market-Market-Share-by-Region-2020-2025

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37% of the market’s growth will originate from North America during the forecast period. The US is a key market for medical image analysis software in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

The growing geriatric population and the increasing prevalence of various chronic diseases will facilitate the medical image analysis software market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Medical Image Analysis Software Market?

Medical-Image-Analysis-Software-Market-Market-Share-by-Type-2020-2025

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The medical image analysis software market share growth by the standalone segment will be significant during the forecast period. From the point of view of physicians, standalone software still remains the preferred choice due to the specific tools that it is able to provide for specific imaging techniques as well as the low level of dependence on the Internet. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the medical image analysis software market size.

 

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What are the Key Factors Covered in this Medical Image Analysis Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive medical image analysis software market growth during the next five years
  • Precise estimation of the medical image analysis software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the medical image analysis software industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medical image analysis software market vendors

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Medical Image Analysis Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2021-2025

$ 1.53 billion

Market structure

Fragmented

YoY growth (%)

7.40

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 37%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Agfa-Gevaert NV, AnalyzeDirect Inc., AQUILAB SAS, Carestream Health Inc., Esaote SpA, General Electric Co., International Business Machines Corp., Koninklijke Philips NV, Mirada Medical Ltd., and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Standalone - Market size and forecast 2020-2025
    • Integrated - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Agfa-Gevaert NV
      • AnalyzeDirect Inc.
      • AQUILAB SAS
      • Carestream Health Inc.
      • Esaote SpA
      • General Electric Co.
      • International Business Machines Corp.
      • Koninklijke Philips NV
      • Mirada Medical Ltd.
      • Siemens AG

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION 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
      Technavio

      TechnavioDATA 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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Medical Image Analysis Software market growth will increase by $1532.20 million during 2020-2025.
      The medical image analysis software market is expected to grow at a CAGR of 7.90% during 2020-2025.
      Technavio has segmented the medical image analysis software market by type (Standalone and Integrated) and geographic (North America, APAC, Europe, South America, and MEA).
      Agfa-Gevaert NV, AnalyzeDirect Inc., AQUILAB SAS, Carestream Health Inc., Esaote SpA, General Electric Co., International Business Machines Corp., Koninklijke Philips NV, Mirada Medical Ltd., Siemens AG are a few of the key vendors in the medical image analysis software market.
      North America will register the highest growth rate of 36.86% among the other regions. Therefore, the medical image analysis software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the medical image analysis software market growth are:
      • Advances in the medical imaging field
      The medical image analysis software market vendors should focus on grabbing business opportunities from the standalone segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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