Growth Opportunities and Trends in the Medical Imaging Displays And Post Processing Software Market: Key Insights for 2025-2034
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What key factors are powering the surge in the medical imaging displays and post processing software market right now?
In the last few years, there’s been a significant expansion in the market size of medical imaging displays and post processing software. The market, valued at $5.66 billion in 2024, is projected to increase to $6.46 billion in 2025, indicating a compound annual growth rate (CAGR) of 14.1%. The impressive advancement in past years is largely due to factors such as the escalating prevalence of chronic diseases, the surge in diagnostic imaging tests, heightened attention to patient-centric care, the necessity for precision medicine, the growth of the aging population, and the digitization of healthcare.
How fast Is the medical imaging displays and post processing software market expected to grow, and what’s its future value?
The market size for medical imaging displays and post processing software is estimated to experience a surge in the coming years, escalating to $11.51 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 15.5%. This expected rise during the forecast period can be ascribed to several factors such as the need for diagnostic precision, improvements in user interfaces and workflow efficiency, global health crises, individualized medicine strategies, and cooperation with health information systems. Major trends to watch during the forecast period include progress in display technology, the shift to high-definition 3D imaging, the incorporation of artificial intelligence, the usage of mobile medical imaging displays, remote viewing capabilities and teleradiology, color calibration and consistency, and cross-platform compatibility.
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What are the leading drivers of growth in the medical imaging displays and post processing software market?
The surge in the digitization of medical imaging is prognosticated to fuel the expansion of the medical imaging displays and post-processing software market. Digitization encompasses the conversion of analogue signals or data of any nature into a digital format that computer systems or other electronic devices comprehend. Huge volumes of data can be turned into practical insights with the help of medical imaging displays and post-processing software, leading to precise diagnoses, personalized treatments, and satisfied patients. For instance, the United Kingdom National Health Service, a government department based in the UK, reports that 43.8 million imaging tests were carried out in England from June 2021 to May 2022. Out of these, 3.65 million imaging tests are reported as conducted in May 2022. Hence, the vast utilization of the digitization of medical imaging is stimulating the growth of the medical imaging displays and post-processing software market.
What are the key segments defining 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
Subsegments:
1) By Medical Imaging Displays: LCD Displays, LED Displays, OLED Displays, Monochrome Displays, Color Displays, Multi-Head Displays
2) By Post-Processing Software: 2D Image Processing Software, 3D Image Reconstruction Software, Image Analysis Software, Visualization Software, Workflow Management Software, AI-Enhanced Post-Processing Software
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Who are the key players steering the development of the medical imaging displays and post processing software market?
Major companies operating in the medical imaging displays and post processing software market are Carestream Health, Esaote SpA, General Electric Company, Softneta, mediCAD Hectec GmbH, Siemens Medical Solutions USA Inc., Hitachi Ltd., Koninklijke Philips NV, Shimadzu Corporation, 3dMD, Alma Medical Imaging, Barco NV, EDDA Technology Inc., Hologic Inc., MEDIAN Technologies, Nemotec Medical Imaging Inc., Owandy Radiology, Emedica Health Inc., Medecom Medical Systems Inc., Vieworks Co. Ltd., Planmed Oy, Accuray Incorporated, Agfa Healthcare NV, Canon Medical Systems Corporation, Fujifilm Holdings Corporation, Merge Healthcare Inc., Sectra AB, Toshiba Medical Systems Corporation, Vital Images Inc., NEC Corporation
What emerging trends are influencing the growth of the medical imaging displays and post processing software market?
Major players in the medical imaging displays and post-processing software market are honing their focus on the creation of innovative diagnostic monitors to improve image clarity, precision, and heighten the overall diagnostic effectiveness. Diagnostic monitors embody specialized display devices that are utilized within medical environments for precise visualization and analysis of medical images. For example, LG Electronics, an electronics corporation based in South Korea, launched a 31.5-inch IPS Black diagnostic monitor (model 32HQ713D) in May 2023. This monitor, with its impressive 8MP resolution and brightness of 1000 cd/m², was specifically engineered for medical image applications enhancing clarity and critical detailing, fundamental to diagnostic processes.
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Which regions are most influential in expanding 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 2024. 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.
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