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Market Research Report

Medical Image Analysis Software Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Published On : 2018-01-09 Report Page : 310 Category:Healthcare

Global Medical Image Analysis Software Market

Market Overview

Medical personnel are now looking forward to computational techniques that merge as an adjunct to their work and a technology that empowers rather than threatens their role in medicine. Image analysis software is fast and make easy for experts to get 100% efficient data without compromising any sort of minute information.

Halo Image Analysis Platform by Indica Labs is one step ahead with optimizing algorithms, annotating digital slides, and compute-time can lengthen time-to-results helping the lab to achieve quality analysis in the shortest time possible with flexible, purpose-built modules provide quick, quantitative results in oncology, neuroscience, metabolism, toxicological pathology, and more.

Amide's a Medical Image Data Examiner (AMIDE) is a user friendly, open-source software tool to display and analyze the multimodality volumetric medical images and it runs on UNIX, Macintosh OS X and Microsoft Windows platform.

However, there is the strong and growing need in the biology research community for accurate, automated image analysis and CellProfiler 2.0 has been engineered to meet the needs of its growing user base with more robustness and user friendly features along with new algorithms and features to facilitate high-throughput work.

Market Segmentation

  • By Product Type

  • Integrated Software
  • Standalone Software
  • By Modality

  • Computed Tomography
  • Magnetic Resonance Imaging
  • Positron Emission Tomography
  • Single-Photon Emission Computed Tomography
  • Ultrasound
  • Radiographic Imaging
  • Combined Modalities
  • By Platform Type

  • On-premise Platform
  • Cloud-based Platform
  • By Imaging Type

  • 2D Imaging
  • 3D Imaging
  • 4D Imaging
  • By End-User

  • Hospitals
  • Diagnostic Centers
  • Research Centers
  • Others
  • By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Growth Drivers and Challenges

Machine learning systems to facilitate early diagnostics for higher cure and survival rates, neural networks for diagnosis validation, research-specific algorithms to find hidden patterns and valuable insights to improve drug development, segmentation solutions to pinpoint a treatment area and thus minimize possible damage to healthy tissue during an invasive procedure are the benefits of medical image analysis software. In addition, shorten learning curve, rapidly annotate slides, turbo-charge analysis speed, sorting and filtering capabilities and increase in the productivity because of same interface across all imaging modalities tends to increase the demand of medical image analysis software.

However, lack of trained professionals, high cost of software and data security issues are the major constraints hampering the market growth.

Market Size and Forecast (2016-2024)

The medical image analysis software market is expected to reach USD 4.1 billion by 2024 from USD 2.52 billion in 2016, at a CAGR of 7.9% during the forecast period owing to rise in use of imaging equipment because of prevalence of chronic diseases, fusion of imaging technologies and growing applications of computer-aided diagnosis.

Based on product type, integrated software is the dominating segment and is estimated to reach the valuation of USD 1.5 billion by 2024 owing to its compatibility with the equipment and fast processing. Hospitals hold the highest CAGR and expected to dominate the medical image analysis software market attributing to high number of installed base of diagnostic imaging systems.

Regionally, North America medical image analysis software market is the most attractive market, growing at a robust CAGR over the forecast period owing to the better decision making and enhanced patient care outcomes.

Key Market Players

  • AGFA Healthcare

o Synopsis

o Business Strategy

o Product Portfolio

o SWOT Analysis

  • AQUILAB
  • Carestream Health, Inc.
  • Esaote SpA
  • GE Healthcare Inc.
  • Siemens Healthineers
  • Sciencesoft USA Corporation
  • Philips Healthcare
  • Toshiba Medical Systems Corporation
  • Mirada Medical Limited
  • Merge Healthcare Inc.
  • Analogic Corporation
  • Indica Labs
  • Definiens
  • Inspirata
  • 3D Histech
  • Micro Dimensions GmbH
  • Optra Scan

Scope Background

Market Synopsis

Market Segmentation

Global Medical Image Analysis Software Market is segmented as follows:

  • By  Product Type (Market Size, Demand Analysis and Growth Analysis)
  • By  Modality (Market Size, Demand Analysis and Growth Analysis)
  • By Platform (Market Size, Demand Analysis and Growth Analysis)
  • By Imaging Type (Market Size, Demand Analysis and Growth Analysis)
  • By End-user (Market Size, Demand Analysis and Growth Analysis)

Global medical image analysis software market report covered insights of below mentioned regions:

  • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks


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Medical Image Analysis Software Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

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