Medical Image Analysis Software Market – Global Industry Analysis of Recent Developments in Helathcare Technology
A medical image analysis software enables quantitative analysis and visualization of medical images of a range of modalities including MRI, CT, X-ray, ultrasound, PET and SPECT. The comprehensive tool for quantitative analysis and processing of biomedical images has allowed healthcare experts and surgeons to explore such images efficiently and productively. Medical image analysis software aids in the development of computational methods and algorithms in order to quantify medical data. With the development of medical image analysis software, various medical expertise have gained a lot with regards to personalized treatment and efficient data management. In addition, healthcare experts and researchers at remote sites can easily share the medical image data with the use of medical image analysis software, thereby enhancing their ability to diagnose, monitor and treat fatal diseases.
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Based on imaging modalities, the medical image analysis software market has been segmented as follows:
Positron emission tomography (PET) and single photon emission computed tomography (SPECT)
Magnetic Resonance Imaging (MRI)
Computed tomography (CT)
Based on end-users, the medical image analysis software market has been segmented as follows:
Geographically, the medical image analysis software market can be segmented into four major regions: North America, Europe, Asia Pacific and Rest of the World (RoW). North America is leading themedical image analysis softwaremarket followed by Europe. The major driving factors for the growth of the medical image analysis softwaremarket in these regions arerapid technological advancement, and the growing demand for platform-independent and n-dimensional image processing and visualization. Additionally, increasing demand for diagnostic procedures globally with continuous innovative development and reliable support is expected to drive the market growth during the forecast period. Hence, all these factors are collectively driving the demand for medical image analysis software. However, certain factors such as limited knowledge of people in terms of software usage, and expensive nature of such medical software can pose to be a major hindrance in the growth of medical image analysis software market in developed regions.
Asia Pacific is one of the most profitable markets for the growth of medical image analysis software market and is developing at a sharp rate. The factors which will augment the growth of this market in Asia Pacific are increasing incidences of diseases which require diagnostic tools, coupled with greater amount of patient data. Furthermore, development of natural user interfaces for medical practitioners in order to achieve better diagnostic platform is also anticipated to boost the growth of medical image analysis software market in Asia Pacific. Economic development, improving healthcare facilities,rising disposable incomes and government initiatives provide a large base of patient population with access to healthcare facilities at an affordable rate, hence driving the developing countries market growth.
Various manufacturers of medical software companies are launching novel technological platformto effectively cater to the diagnostic procedures. Technological innovation and advancements among a range of medical image analysis software is one of the most significant aspects for the manufacture of such medical software. Some of the top major players operating in the medical image analysis software market are GE Healthcare, Philips, Agfa Healthcare, Spacelabs Healthcare, EsaoteSpA, Xinapse Systems Ltd., Claron Technologies, Siemens AG, Toshiba Medical Systems, and others.