The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Medical Image Management Global Market Report 2024, the medical image management market is expected to show significant growth in the forecast period.

Market Growth Dynamics and Historical Perspective

• The medical image management market has witnessed robust growth, expanding from $4.58 billion in 2023 to $4.99 billion in 2024, with a CAGR of 8.8%.
• Drivers: Increased chronic illnesses, hospital numbers, and adoption of image management systems.

Projections for Future Growth

• Expected to reach $6.83 billion by 2028, growing at a CAGR of 8.2%.
• Factors: Rising imaging equipment usage, adoption of image management systems, and age-related imaging volumes.

Emerging Trends in the Forecast Period

• AI Integration: Adoption of AI technology in image analysis and management.
• Acquisition Opportunities: Growing opportunities for acquisitions in image management solutions.
• Technological Advancements: Innovations in diagnostic imaging modalities and management systems.

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 Impact of Chronic Illnesses on Market Expansion

• Chronic Illness Prevalence: Drives demand for continuous medical imaging for disease management.
• Market Influence: Enables treatment evaluation, complication detection, and patient condition monitoring.
• Statistical Insights: Significant projected increases in chronic conditions such as cardiovascular diseases.

Key Players Driving Innovation

• Major Companies: McKesson Corporation, IBM, NTT DATA, Fujifilm, Siemens Healthineers, Philips, GE Healthcare, and others.
• Focus Areas: Development of advanced imaging EMR software for enhanced patient care.

Innovations in Imaging EMR Software

• Advanced Solutions: Imaging EMR software integrates imaging data into electronic health records.
• Case Example: RamSoft Inc. launched OmegaAI, a comprehensive cloud-native imaging EMR platform.
• Benefits: Enhances patient care, ensures secure data sharing, and automates patient management.

Strategic Acquisitions in the Market

• Strategic Move: Intelerad acquired Life Image to expand imaging solutions portfolio.
• Market Impact: Strengthens interoperable picture sharing capabilities and supports imaging transitions.

Market Segmentation Insights

1. By Product: VNA, PACS, AICA.
2. By Delivery: On Premise, Hybrid, Cloud.
3. By Application: Radiography, Body Imaging, Cardiovascular Imaging, and more.
4. By End User: Hospitals, Clinics, Diagnostic Centers, Ambulatory Surgery Centers.

Regional Insights

• North America: Largest market in 2023, driven by technological advancements and healthcare infrastructure.
• Asia-Pacific: Expected to grow fastest, supported by increasing healthcare investments and adoption of digital healthcare solutions.

In conclusion, the medical image management market is poised for significant growth driven by technological advancements, increasing chronic disease prevalence, and expanding healthcare digitization. Companies focusing on AI integration, innovative software solutions, and strategic expansions are likely to shape the future of this dynamic market, ensuring improved patient care and operational efficiency across the healthcare sector.

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