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What is the Growth Potential of the Medical Image Management Market, and How Will It Perform by 2034?

The market size for medical image management has seen robust growth in the last few years. It is projected to expand from a value of $4.99 billion in 2024 to $5.38 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.9%. The advancement during the historical period can be linked to the rise in chronic diseases, an increase in hospital establishments, and heightened usage of image management systems.

Over the coming years, the medical image management market is predicted to experience significant growth, with a projection to expand to $7.41 billion by 2029, with a compound annual growth rate of 8.3%. This predicted growth during the forecast period can be ascribed to factors such as the increased use of imaging equipment, wider acceptance of image management systems, a rise in the application of imaging technology and an increase in aging-related imaging volumes. Key trends anticipated during the forecast period include the adoption of AI technology, growing skill acquisition opportunities, image management solution advancements, cutting-edge developments in diagnostic imaging modalities, and a rise in the implementation of image management systems.

What Key Drivers Are Accelerating the Growth of the Medical Image Management Market During the Forecast Period?

The escalating occurrence of long-lasting health conditions or chronic illnesses is predicted to accelerate the expansion of the medical image management market. Chronic sickness is a persistent medical issue that typically lasts no less than three months. Health professionals frequently employ medical imaging to track the development of such ongoing ailments, examining images over a span of time, to evaluate and adjust treatment strategies, whilst identifying any complications or shifts in the patient’s state of health. As an example, a report released by the American College of Cardiology in August 2022 suggests that all four risk factors associated with cardiovascular disease in the United States are going to escalate between 2025 and 2060. Diabetes is anticipated to witness the most pronounced percentage increase, surging by 39.3% to affect 55 million people, closely followed by dyslipidemia with an increase of 27.6% to impact 126 million people, hypertension with an increase of 25.1% to afflict 162 million people, and obesity with an increase of 18.3% to reach 126 million people. In addition to these rises, the same study predicts notable rises in cardiovascular illnesses, mainly stroke (projecting an increase by 33.8% to 15 million) and heart failure (projecting an increase by 33.4% to 13 million). Consequently, the medical image management market is being propelled by the increasing prevalence of chronic diseases.

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Who Are the Major Companies Shaping the Competitive Landscape of the Medical Image Management Market?

Major companies operating in the medical image management market are McKesson Corporation, International Business Machines Corporation, NTT DATA Corporation, Fujifilm Holdings Corporation, Siemens Healthineers, Koninklijke Philips N.V., GE Healthcare, Hologic Inc., Agfa-Gevaert Group, Carestream Health Inc., Change Healthcare, Hyland Software Inc., Intelerad Medical Systems Incorporated, Sectra AB, Merge Healthcare Inc., Infinitt Healthcare Co. Ltd., TeraRecon Inc., Novarad Corporation, Subtle Medical Inc., Mach7 Technologies Ltd., BridgeHead Software Ltd., Zebra Medical Vision Inc., Ambra Health, Vital Images Inc

What Are the Key Emerging Trends in the Medical Image Management Market for the Next Decade?

Major players in the medical image management market are innovating with advanced technologies, such as imaging electronic medical record (EMR) software, to deliver enriched features and strengthen their market position. The imaging EMR software is a unique digital tool created to merge medical imaging data effortlessly into electronic medical records (EMRs) or electronic health records (EHRs). For example, in December 2022, RamSoft Inc., a healthcare IT SaaS firm located in Canada, introduced OmegaAI. This is a cloud-based, serverless imaging EMR software platform that brings together key elements like VNA (Vendor Neutral Archive), Enterprise Imaging, PACS (Picture Archiving and Communication System), RIS (Radiology Information System), undemanding image exchange or sharing routing and storage, a zero-footprint (ZFP) viewer, among others. OmegaAI is mindfully crafted to ensure a sustainable return on investment by connecting physicians and patients via a unified platform, avoiding care delays, facilitating secure sharing with consent, empowering patient self-management, and automating the complete patient journey from referral to the delivery of study results.

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What Are the Core Categories and Segments in the Medical Image Management Market Driving Demand and Growth?

The medical image management market covered in this report is segmented –

1) By Product: Vendor Neutral Archives (VNA), Picture Archiving And Communication Systems (PACS), Application-Independent Clinical Archives (AICA)

2) By Delivery: On Premise, Hybrid, Cloud

3) By Application: Standard Radiography, Advanced Body Imaging, Cardiovascular Imaging, Neuroradiology, Musculoskeletal Imaging And Pain Management, Oncology Imaging, Other Applications

4) By End User: Hospitals, Clinics, Diagnostic Centers, Ambulatory Surgery Centers

Subsegments:

1) By Vendor Neutral Archives (VNA): Data Integration Solutions, Storage And Retrieval Systems, Image Lifecycle Management

2) By Picture Archiving And Communication Systems (PACS): Diagnostic Imaging Solutions, Workflow Management Tools, Image Sharing And Collaboration Features

3) By Application-Independent Clinical Archives (AICA): Multi-Modal Image Storage, Long-Term Data Preservation, Clinical Data Management Tools

Which Regions Are Making a Mark in the Medical Image Management Market Growth?

North America was the largest region in the medical image management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical image management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Is the Medical Image Management Market Categorized and Defined in the Industry?

Medical image management encompasses the efficient handling and organization of diverse medical images, such as X-rays, MRI scans, CT scans, and ultrasound images, within healthcare facilities or networks. It involves acquiring, storing, organizing, transmitting, and viewing these images to support clinical operations and patient care.

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