2024 Medical Imaging Displays And Post Processing Software Market Summary: 5 Key Findings
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What Growth Projections are in Place for the Medical Imaging Displays And Post Processing Software Market Between 2024-2033?
The scale of the medical imaging displays and post-processing software market has seen swift expansion in recent history. Its growth trajectory indicates that it will rise from a valuation of $5.05 billion in 2023 to a heightened $5.81 billion in 2024, showing a compound annual growth rate (CAGR) of 14.9%. Proliferation in chronic disease occurrence, an uptick in diagnostic imaging practices, greater emphasis on patient-oriented care, the demand for precision medicine, an aging demographic, and healthcare digitalization have all contributed to the notable growth in the historical period.
The market size of medical imaging displays and post-processing software is projected to witness quick expansion in the upcoming years. It is anticipated to escalate to $10.05 billion in 2028 with a compound annual growth rate (CAGR) of 14.7%. The momentum during the estimated period is due to factors like improved diagnostic precision, advanced user interfaces and workflow proficiency, global health emergencies, more focus on personalized medicine, and compatibility with health information systems. Key trends within the forecast period encompass progress in display technology, a shift towards high-definition 3d imaging, incorporation of artificial intelligence, mobile medical imaging displays, remote viewing and teleradiology, consistent color calibration, and cross-platform compatibility.
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What Are the Major Factors Contributing to the medical imaging displays and post processing software Market Expansion?
The growth of the medical imaging displays and post-processing software market is predicted to be driven by the rising digitisation of medical imaging. Digitisation is the process whereby analogue signals or any form of information are converted into a computer-readable digital format. These large data volumes can be decrypted using medical imaging displays and post-processing software, leading to more precise diagnoses, personalised care and improved patient satisfaction. For instance, a 2022 report published by the National Health Service England, a UK government agency, indicated that from June 2019 to May 2020, 40.4 million imaging tests were logged in England, with 1.91 million imaging tests reportedly carried out in May 2020 alone. Hence, the increasing utilisation of digitised medical imaging is fuelling the expansion of the medical imaging displays and post-processing software market.
Which Key Segments Shape the Medical Imaging Displays And Post Processing Software Market?
The medical imaging displays and post processing software market covered in this report is segmented –
1) By Type: Medical Imaging Displays, Post-Processing Software
2) By Technology: X-ray, Computed Tomography (CT), Ultrasound, Magnetic Resonance Imaging (MRI), Single-Photon Emission Computed Tomography (SPECT), Positron Emission Tomography (PET)
3) By Image: 2D, 3D, 4D
4) By Application: Medical, Commercial, Academic
What Are the Transformative Trends Influencing the Medical Imaging Displays And Post Processing Software Market?
The burgeoning trend of technological innovations is amplifying the popularity of the medical imaging displays and post-processing software market. To maintain their market position and offer cutting-edge solutions, paramount companies in the market are creating software rooted in innovative technologies. These include artificial intelligence (AI), augmented reality (AR), virtual reality (VR), three-dimensional printing, cinematic rendering, digital twin technology and more. AI, being a game-changing technology, examines complex data through computational algorithms, where diagnostic imaging emerges as one of AI’s most thrilling applications in medicine. AI has exhibited phenomenal precision and sensitivity in pinpointing imaging irregularities, thereby enhancing tissue-based detection and characterisation. For instance, in November 2021, Philips, a healthcare technology firm from the Netherlands, introduced an AI-powered innovation in MR imaging. Philips’ new intelligent integrated MR portfolio is designed to optimize diagnostic quality, expedite workflows, and ensure the efficiency and sustainability of radiology operations. Such advancements by healthcare firms will usher in an era of more effective utilization of medical imaging displays and post-processing software.
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What Regions Are Leading the Growth Trajectory of the Medical Imaging Displays And Post Processing Software Market?
North America was the largest region in the medical imaging displays and post processing software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical imaging displays and post processing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Medical Imaging Displays And Post Processing Software Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the medical imaging displays and post processing software market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Medical Imaging Displays And Post Processing Software Market Include
1. Medical Imaging Displays And Post Processing Software Market Executive Summary
2. Medical Imaging Displays And Post Processing Software Market Segments
3. Medical Imaging Displays And Post Processing Software Market Size And Template Market Growth Rate
4. Key Medical Imaging Displays And Post Processing Software Market Trends
5. Major Medical Imaging Displays And Post Processing Software Market Drivers
……
25. Key Mergers And Acquisitions In The Medical Imaging Displays And Post Processing Software Market
26. Top Medical Imaging Displays And Post Processing Software Companies
27. Medical Imaging Displays And Post Processing Software Market Opportunities And Strategies
28. Medical Imaging Displays And Post Processing Software Market, Conclusions And Recommendations
29. Appendix
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