Medical Image Management Market 2021
As per the analysis by Market Research Future (MRFR), the global medical image management market is anticipated to garner a significant market value, expanding at a CAGR of 7.80% during the forecast period from 2019 to 2025.
The growing technological development in the field of diagnostic imaging modalities is anticipated to be a key factor driving medical image management 2020. The increasing demand for advanced imaging equipment is likely to increase the demand for medical image management and grow the market during the forecast period. Furthermore, the rapid expansion of telehealth market and penetration of AI in medical imaging are projected to grow the demand for an efficient medical image management and develop the market. Also, the hybrid-cloud-based solutions are anticipated to fuel the demand for medical image management and strengthen the market during the review period.
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Major Key Players:
MRFR recognizes the following companies as the key players in the global medical image management market— GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Siemens Healthineers AG (Germany), McKesson Corporation (US), Sectra AB (Sweden), Agfa-Gevaert Group (Belgium), Carestream Health (US), Esaote SpA (Italy), Fujifilm Holding Corporation (Japan), and Novarad (US)
Segment Analysis
The segment analysis of the global medical image management market is done by end user and product.
The end-user based segments of the global medical image management market are vendor neutral archive (VNA), picture archiving and communication system, application-independent clinical archives, and enterprise viewers/universal viewers.
The product-based segments of the global medical image management market are diagnostic imaging centers, hospitals, and others.
Regional Analysis
The global medical image management market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas accounted for the largest market in 2018 and is estimated to dominate the global medical image management market owing to the increasing prevalence of chronic diseases, rising adoption of healthcare IT by healthcare bodies, and an increasing number of medical imaging procedures performed.
Europe acquired the second largest market share in 2018. It is expected to register a CAGR of 8.12% by the end of the forecast period. The European market is expected to register a sturdy growth rate during the forecast period due to major driving factors such as rising patient population of strokes and cardiovascular disorders, increasing research on ultrasound, and availability of advanced treatment facilities amongst others. For instance, according to the 2017 statistics presented by the European Society of Cardiology, there were more than 6 million new cases of cardiovascular diseases in the European Union and more than 11 million in Europe as a whole.
Asia-Pacific is expected to witness significant growth and is projected to be the fastest growing region over the forecast period. The high growth rate is due to the rising demand for medical practitioners to produce appropriate vascular, orthopedic, breast, and cardiac images and integration of reports, images, and measurements into a patient’s complete record. India held a share of 17.8% in the Asia-Pacific medical image management market in 2018.
The Middle East & Africa accounted for the least market in 2018 and is forecasted to exhibit steady growth due to the high price of devices, lack of awareness regarding health, and lack of skilled professionals.
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