medical image analysis software market
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Medical Image Analysis Software Market Forecast 2023-2027 By The Business Research Company

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s medical image analysis software market report forecasts the medical image analysis software market size to grow to $5.14 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

Learn More On The Medical Image Analysis Software Market Report 2023 – https://www.thebusinessresearchcompany.com/report/medical-image-analysis-software-global-market-report

Medical Image Analysis Software Market Size Forecast
The global medical image analysis software market is expected to grow from $3.24 billion in 2022 to $3.59 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical image analysis software market size is expected to grow to $5.14 billion in 2027 at a CAGR of 9.4%.

North America held the largest medical image analysis software market share.

Key Medical Image Analysis Software Market Driver ­– Increase In The Incidence Of Chronic Diseases
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.

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Key Medical Image Analysis Software Market Trend – Product Innovation
Major companies operating in the medical image analysis software market are focused on developing technologically advanced software solutions to strengthen their market position. For instance, in August 2020, Random Walk Imaging AB, a Sweden-based novel software solutions company, introduced dVIEWR, the first commercial software product for clinical researchers and radiologists. dVIEWR creates new parameter maps that provide actionable information on tissue microstructure at a previously unheard-of level of precision and detail. The ‘drag and drop’ interface, which is powered by the MICE ToolkitTM, allows clinical researchers without substantial programming skills to conduct custom image analysis workflows quickly and easily. Similarly, more experienced users can customize their own workflow designs, inputs, and outputs using the interface.

Medical Image Analysis Software Market Segment
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 Applications, Neurology, Cardiology, Oncology, Obstetrics and Gynecology, Mammography, Other Applications
5) By End User: Hospital, Diagnostic Center, Research Center, Other End Users

Medical Image Analysis Software Market Major Players and Strategies
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.

In October 2021, Nano X Imaging Ltd., an Israel-based innovative medical imaging company, acquired Zebra Medical Vision for $200 million. This acquisition is expected to further both businesses’ common objective of creating the next generation of AI-enabled hardware and software devices, which is projected to raise the bar for medical equipment. With these acquisitions, Nanox would be in a position to focus on resolving three significant global shortages, such as the lack of radiologists, medical imaging devices, and connectivity across nations and societies for the analysis of medical data. Zebra Medical Vision is an Israel-based deep-learning medical imaging analytics company.

The Medical Image Analysis Software Global Market Report 2023 covers regional data on medical image analysis software market size, medical image analysis software market trends and drivers, opportunities, strategies, and medical image analysis software market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Medical image analysis software is a software that allows for the quantitative analysis and display of medical images from a variety of modalities, including PET, MRI, CT, and microscopy.

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