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The medical image analysis software market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!

Read More On The Medical Image Analysis Software Market Report 2022 – https://www.thebusinessresearchcompany.com/report/medical-image-analysis-software-global-market-report

The Medical Image Analysis Software Market Size In 2022 And Forecast

The global medical image analysis software market is expected to grow from $2.87 billion in 2021 to $3.22 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The medical image analysis software market is expected to grow to $4.56 billion in 2026 at a CAGR of 9.1%.

The medical image analysis software market consists of the sales of medical image analysis software by entities (manufacturers, sole traders, and partnerships) that are used to enhance the efficiency of the chosen medical treatment by examining, training, storing, and exchanging medical data.

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Increase In The Incidence Of Chronic Diseases Is Driving The Growth Of The Medical Image Analysis Software Market

For instance, according to the World Health Organization, a US-based specialized agency responsible for international public health, chronic disease prevalence has risen by 57% in the year 2020. Also, 19.3 million new cancer cases were registered, and almost 10.0 million cancer deaths occurred in 2020. Therefore, an increase in the incidence of chronic diseases is driving the demand for the medical image analysis software market.

Competitive Landscape And The Regional Analysis Of The Medical Image Analysis Software Market

Major players in the medical image analysis software market are AGFA Healthcare, AQUILAB, Carestream Health Inc, Esaote S.p.A, GE Healthcare, Image Analysis Group, INFINITT Healthcare Co. Ltd., Merge Healthcare Inc, MIM Software Inc, Mirada Medical Limited, Philips Healthcare, ScienceSoft USA Corporation, Siemens Healthineers, Toshiba Medical Systems Corporation, and Xinapse Systems Ltd.

Additionally, as per TBRC’s research – North America was the largest region in the medical image analysis software market in 2021 holding the largest market share.

The Medical Image Analysis Software Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical image analysis software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the medical image analysis software market.

Product Innovation – A Key Trend In The Medical Image Analysis Software Market

Major companies operating in the medical image analysis software market are focused on developing technologically advanced software solutions to strengthen their market position.

Medical Image Analysis Software Market Segmentation By The Business Research Company

1) By Type: Integrated Software, Standalone Software

2) By Image Type: 2D Image, 3D Image, 4D Image

3) By Modality: Tomography, Ultrasound Imaging, Radiographic Imaging, X-ray Imaging, MRI, Other Modalities

4) By Application: Orthopedics, Dental Application, Neurology, Cardiology, Oncology, Obstetrics and Gynecology, Mammography, Other Applications

5) By End User: Hospital, Diagnostic Center, Research Center, Other End Users

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