Welcome!

News Feed Item

Medical Image Analysis Software Market to Reach US$4.66 Billion by 2024: Advent of 4D Imaging to Create Growth Opportunities for Players, Observes TMR

ALBANY, New York, March 20, 2017 /PRNewswire/ --

With the presence of a number of leading players, namely, GE Healthcare, Siemens Healthineers, Agfa-Gevaert N.V., Hologic Inc., and Pie Medical Imaging at the global level, the worldwide medical image analysis software market demonstrates a highly fragmented and competitive landscape, states a new study by Transparency Market Research (TMR). These players, collectively, could hold only 23.5% of the overall market in 2015.

Currently, participants are being actively involved in technological innovation in order to gain a competitive edge over their peers. However, a shift in their focus towards partnerships and collaborations can be observed over the forthcoming years.

In 2015, the opportunity in the global market for medical image analysis software was worth US$2.35 bn, reports the report. Researchers expect this market to rise at a CAGR of 8.10% during the period from 2016 to 2024 and attain a value of US$4.66 bn by the end of the period of forecast. The demand for integrated software has been higher than the standalone one and is projected to remain so over the next few years, thanks to the growing awareness among consumers regarding the features of integrated software systems, such as storing the images for further analysis and interlinking the database, notes the study.

Browse Market Research Report @ http://www.transparencymarketresearch.com/medical-image-analysis-software-market.html

Continued Lead of North America Supported by Rising Prevalence of Cancer 

Asia Pacific, Europe, Latin America, the Middle East and Africa, and North America have been considered as the prominent geographical segments of the worldwide market for medical image analysis software in this research study. Acceding to it, North America led the global market in 2015 with a share of nearly 34%. The rising incidence of cancer and cardiovascular diseases drove this regional market substantially in the past and are expected to continue doing so over the years to come, ensuring its continued dominance.

Europe and Asia Pacific also reported considerable growth in their market size over the last few years. Researchers expect these regional markets to experience a healthy growth rate over the forecast period. The Europe market for medical image analysis software is anticipated to gain from the economic developments in the region, which is likely to reflect positively on the healthcare facilities, prompting players to increase investments in research and development activities.

Asia Pacific, on the other hand, is expected to be propelled by the strengthening economy in countries, such as India and China, which is increasing the disposable income of consumers, enabling them to spend on expensive medical procedures, reports the study.

Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5306

Increasing Incidence of Cancer to Fuel Demand for Medical Image Analysis Software 

"The increasing prevalence of cancer, cardiovascular disorders, and various other chronic diseases is the root cause behind the significant rise in the global market for medical image analysis software," says a TMR researcher. With nearly 8.2 million deaths and 14 million new cases every year, as stated by the WHO, cancer has emerged as a serious concern among people across the world. The growing awareness about the benefits of early diagnosis of cancer in its treatment is boosting the demand for CT and MRI imaging devices across the world, which consequently, is boosting the worldwide market for medical image analysis software.

In addition, the advent of 4D imaging technique, which provides detailed information regarding the temporal and spatial evolution of 3D blood flow with full volumetric coverage of any of the cardiac regions, is anticipated to support the market to rise phenomenally over the forecast period. However, the high cost of the medical imaging procedures may limit the uptake of medical image analysis software, restricting the future growth of this market to some extent, states the report.

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/medical-image-analysis-software-market.htm

The study presented here is based on a report by Transparency Market Research (TMR), titled "Medical Image Analysis Software Market (Software Type - Integrated Software and Standalone Software; Imaging Type - 2D Imaging, 3D Imaging, and 4D Imaging; Modality - CT, MRI, PET, SPECT, Ultrasound, and Radiographic Imaging; Application: Cardiology, Orthopedic, Oncology, Neurology, Nephrology, Dental, and Gynecology; End Users - Hospital, Clinics, Research and Academic Institution, Diagnostic Centers, and Ambulatory Surgical Centers) - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2016 - 2024"

The medical image analysis software market has been segmented as follows:

By Software Type 

  • Integrated
  • Standalone

By Imaging Type 

  • 2D imaging
  • 3D imaging
  • 4D imaging

By Modality 

  • CT
  • MRI
  • PET
  • SPECT
  • Ultrasound
  • Radiographic imaging
  • Other Modalities

By Application 

  • Cardiology
  • Orthopedic
  • Oncology
  • Neurology
  • Nephrology
  • Dental
  • Gynecology
  • Others

By End Users 

  • Hospitals
  • Clinics
  • Research and academic institutes
  • Diagnostic centers
  • Ambulatory Surgical Centers

By Geography 

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • U.K.
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • Japan
    • China
    • Australia
    • New Zealand
    • Rest of Asia Pacific
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • U.A.E.
    • Rest of MEA

Browse Related Research Report: 

Endoscopy Devices Market (Device Type - Endoscopes (Rigid Endoscope, Flexible Endoscope, Capsule Endoscope, and Robot Assisted Endoscope), Operative Devices (Energy Systems, Access Devices, Suction/Irrigation Systems, Operative Hand Instruments, Insufflation Devices, Wound Protectors, and Snares), and Visualization Systems (Standard Definition (SD) Visualization Systems, High Definition (HD) Visualization Systems, and Ultrasound Devices); Application - Gastrointestinal Surgeries, Urology/Gynecology Surgeries, ENT Surgeries, Cardiovascular Surgeries, Neuro/Spinal Surgeries, Laparoscopy Surgeries, and Arthroscopy Surgeries) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 - 2024

http://www.transparencymarketresearch.com/endoscopy-devices-market.html

Medical Imaging Reagents Market (Class: Contrast Reagents, Optical Reagents and Nuclear Reagents; Technology: Nanoparticles, Fluorescent Proteins, Fluorescent Dyes and Probes, Radiopharmaceuticals and Quantum Dots & Application: Diagnostics, Drug Discovery and Development and Research and Development) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

http://www.transparencymarketresearch.com/biologic-imaging-reagents-market.html

Medical Imaging Equipment Market - Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast 2015 - 2023

http://www.transparencymarketresearch.com/medical-imaging-equipment-market.html

About Us: 

Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us:
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]

Website: http://www.transparencymarketresearch.com

Blog: http://www.tmrblog.com/

SOURCE Transparency Market Research

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, described how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launching ...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.