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The global medical imaging software market by sales is forecast to grow more than 7% in 2020-2026
In-depth analysis and data-driven insights into the impact of COVID-19 in this global Medical Imaging Software Market report. Global medical imaging software sales are expected to grow by over 7% in 2020-2026. New York, May 5, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces Release of Medical Imaging Software Market – Global Outlook and Forecast 2021-2026 “- https://www.reportlinker.com/p06068334/? utm_source = GNW Advances in imaging systems and analysis software that help reduce exposure and imaging time are likely to impact the market. The global medical imaging software market has been severely affected by the COVID-19 pandemic. Since the outbreak, there have been significant changes in the clinical operations observed by radiology departments. Amid the COVID-19 tide, the volume of ambulatory imaging decreased dramatically while elective imaging services ceased. The pandemic affected the use of imaging and diagnostic device software. With the decline in patient volume The demand for diagnosis and imaging for the software has increased e development slows down. Companies developing such software have stopped their projects due to lower demand for COVID-19. A significant decrease in test volume such as X-ray, CT, ultrasound, and MRI was observed in most countries. This sector was hard hit compared to diagnostics due to the higher prices for medical imaging tests. However, these effects are short-lived and are unlikely to hinder long-term growth of the market. The market is expected to grow with impressive growth due to the high demand for diagnostic imaging software and the introduction of advanced medical imaging equipment. The following factors are likely to contribute to the growth of the medical imaging software market during the forecast period: • Developments in software solutions for artificial intelligence and cloud-based imaging • High acceptance of digital tomosynthesis • Growth of advanced visualization technology • Increase in demand for hybrid imaging technology The study takes into account the current one Global Vaccine Contract Manufacturing Market Scenario and Its Market Dynamics over the 2020-2026 period. It provides a detailed overview of various market growth factors, restraints and trends. The report provides both the demand and supply aspects of the market. It profiles and researches leading and other companies in the market. Global Medical Imaging Software Market Segmentation The global Medical Imaging Software market research report contains detailed segmentation by type, modality, application, imaging type, end-user and geography. Medical image analysis software is projected to reach over $ 4 billion by 2026. In 2020, the share of the analysis software segment was over 44%, which is mainly due to the increased demand for analysis software. Medical imaging has become one of the fastest developing areas in the healthcare sector. Several technologies have evolved over the past few decades, including CT, MRI, ultrasound, and nuclear imaging. Various types of software have been developed to process images and advances in medical imaging hardware and devices. The global medical ultrasound imaging software market is forecast to reach over $ 2 billion by 2026 and grow at an annual growth rate of approximately 6%. In 2020 the segment had a market share of around 27%. The use of 3D technology in diagnostic radiology could lead to better images and high quality results and thus influence the market growth. The advent of breast ultrasound has simplified the imaging of women with dense breasts, thereby missing out on cancer detection. Advances in ultrasound technology have made it more attractive for a variety of clinical applications ranging from breast health to cardiology due to non-invasive, low-cost, and reduced radiation exposure. The global market for cardiological medical imaging software expects growth of approx. 7% in the period 2020–2026 and a share of over 22% in 2020. The increasing trend in cardiovascular diagnostics towards non-invasive multimodalities is a major impetus for the growth of the market. Advances in imaging protocols are helping to reduce radiation exposure, reduce procedural complications, and offer low-cost algorithms to diagnose obstructive, flow-restricting coronary artery lesions as an adjunct to invasive coronary angiography. Two-dimensional (2D) accounted for over 71% of the global medical imaging software market in 2020. Despite the advancement in 3D technology, the market share of 2D techniques is likely to increase as they continue to be widely used due to their low cost and high resolution. The increasing burden of disease around the world is likely to increase the demand for multiple diagnostic tools. It is estimated that over 3 billion x-rays and more than 25 million echocardiograms are performed worldwide each year. These statistics show the high level of adoption of imaging techniques integrated in 2D, making it the largest contributor to 2D devices. The 2D market is likely to expand its reach through the inclusion of artificial intelligence and digital technology. Hospitals had the highest 43% share of the global medical imaging software market in 2020. Hospital imaging has generated significant revenue and captured a large portion of the volume of outpatient radiology. Other imaging centers showed a significant decrease in average weekly imaging volume (64%) compared to hospital settings (54%) during the COVID-19 pandemic. The increased demand for digital imaging systems is likely to replace conventional diagnostic systems in hospitals. Type • Medical Image Analysis Software • Medical Image Processing Software • Medical Image Management Software • Other Modality • Ultrasound • Radiography • Computed Tomography • Magnetic Resonance Imaging • Mammography • Positron Emission Tomography / Single Photon Emission Computed Tomography • Other Application • Cardiology • Orthopedics • Dentistry • Neurology • Gastroenterology • Other Imaging Type • 2D • 3D • Other End Users • Hospitals • Diagnostic Centers • Outpatient Surgical Centers (ASCs) • Research and Academic Institutes GEOGRAPHIC INSIGHTS North America is likely to play a role for over $ 3 billion by 2026, with a CAGR of around $ 6 % in the period 2020–2026. The increase in the number of hospitals and diagnostic centers has increased the adoption of imaging equipment. In the US alone there are over 10,000 diagnostic centers equipped with imaging and diagnostic systems. The increase in the availability of portable or mobile imaging systems during the COVID-19 pandemic has helped expand the possibilities for diagnosing patients both inside and outside the healthcare sector. Therefore, the main factors contributing to the growth of the market include increasing hospital stay rates that require high usage medical imaging systems, large numbers of imaging centers, and increased demand for diagnostic and imaging systems during the COVID-19 pandemic. Geography • North America o USA o Canada • Europe o Great Britain o Germany o France o Italy o Spain • APAC o China o India o Japan o South Korea o Australia • Latin America o Mexico o Brazil o Argentina • Middle East and Africa o Saudi Arabia o Turkey o South Africa INSIGHTS FROM SELLERS The global medical imaging software market is observing radial transformations. The inclusion of AI in medical imaging has increased at a higher level in recent years. IBM / Merge, Philips, Agfa and Siemens have already started integrating AI into their medical imaging software systems. GE demonstrated predictive analytics software using AI elements for impact on imaging departments. Philips is using AI as part of its new Illumeo software with adaptive intelligence that automatically pulls related pre-exams for radiology. IBM Watson, Siemens Healthineers, GE Healthcare, Agfa Healthcare, Carestream Health, Cerner Corporation, Change Healthcare, Koninklijke Philips, NV, Fujifilm Corporation, Sectra AB and Intelerad Medical Systems are the main players contributing to the growth of the market. Prominent Vendors • IBM Watson • Siemens Healthineers • GE Healthcare • Agfa Healthcare • Carestream Health • Cerner Corporation • Change Healthcare • Koninklijke Philips NV • Fujifilm Corporation • Sectra AB • Intelerad Medical Systems Other prominent suppliers • MIM software • Aquilab SAS • Esaote SPA • Canon Medical Systems USA • Hitachi Healthcare Americas • Spacelabs Healthcare • Hologic • Samsung Healthcare • Lunit • Arteries • Gaussian Surgery • Zebra Medical Vision • Caption Health • RetinAI Medical AG • Subtle Medicine • IMEXHS • BrainMiner • Bruker • Xinapse Systems • ClaroNav • Pie Medical Imaging BV • Analog • Konica Minolta • Vieworks • Mirada Medical • Pro Medicus IMPORTANT QUESTIONS 1. How big is the medical imaging software market? 2. What are the most common medical imaging techniques? 3. What was the worth of the Medical Image Analysis Market in 2020? 4. What is Hybrid Imaging Technology? 5. Who are the key players in the medical imaging software market? Read the full report: https://www.reportlinker.com/p06068334/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need in one place, instantly. __________________________ CONTACT: Clare: clare@reportlinker.com US: (339) -368-6001 Intl: +1 339-368 -6001
