Medical Image Analysis Software Market to Report a CAGR of 8.34% Between 2017 and 2024

Global Medical Image Analysis Software Market: Snapshot

Early and assured detection of a disease goes a long way towards providing adequate care to the patients. For a few decades, we have had medical imaging techniques such as magnetic resonance imaging (MRI) and computed tomography (CT) scan for diagnosis of diseases pertaining to cardiology, neurology, orthopedic, nephrology, and others. However, detailed analysis of those medical images has never been as accurate as now with the advent of 3D imaging and 4D ultrasound techniques. In the near future, software-controlled medical imaging is promising never-achieved efficiency of medical image analysis and the market for the same is flourishing. According to this business intelligence report, the demand in the global medical image analysis software market will expand at healthy CAGR of 8.34% during the forecast period of 2017 to 2024. Revenue-wise, the analyst of the report has estimated that there will be opportunities worth US$4,668.8 mn in the market for software for medical image analysis across the globe by the end of 2024, substantially more than the market’s evaluated valuation of US$2,664.3 mn as of 2017.

Browse Press Release @

https://www.transparencymarketresearch.com/pressrelease/medical-image-analysis-software-market.htm

Some of the key factors driving the medical image analysis software market are: advent of 3D and 4D imaging technologies, growing investments into the field of medical imaging by government and private agencies, prevalence of several chronic diseases, growing application of computer-aided diagnostic methods, and improving healthcare infrastructure across several emerging economies. On the other hand, high cost of the equipment, deep penetration of standalone software vendors, and dearth of skilled professions are a few restraints hindering the prosperity of the medical image analysis software market. Nevertheless, the vendors of this market stand to gain fresh opportunities from the integration of artificial intelligence, cloud-based image analysis solution, and expansion into the emerging economies.

Request for Sample Copy of Report @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5306

Integrated Software Gaining Over Standalone Segment

Based on software type, the medical image analysis software market has been segmented into integrated and standalone. As of 2017, the standalone software segment provided for slightly more than 53% of the total demand. However, the integrated software segment, driven by growing need of interlinking various images and databases, is poised to provide for a demand that will be worth US$2,581.8 mn by 2024. This will constitute for more than 55% of the total demand, taking over the position of leading segment of this market. Integrated software allows large amount of data to be stored and also allows a single output from multiple programs.

3D Imaging Segment Showing Stronger Growth Prospects than 2D and 4D

On the basis of imaging type, the market for software to analyze medical images has been bifurcated into 2D imaging, 3D imaging, and 4D imaging. As of 2017, the 3D imaging segment provided for a revenue of US$1,400.0 mn and is primed to further gain ground over other segments. By 2024, the 3D imaging segment is estimated to be worth US$2,556.0 mn, representing 54.7% of the total demand in this market. Growth of the segment is attributed to increasing applications of 3D imaging technique and rising incidence of diseases such as cardiovascular, cancer, neuro and others. Currently, 3D imaging technique is widely used in imaging modalities such as CT, MRI, PET, ultrasound, and radiography.

Request Report Brochure @

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5306

Ultrasound to Remain Leading Modality Segment until 2024

Based on modality, the report has classified the medical image analysis software market into CT, MRI, SPECT, PET, ultrasound, radiographic imaging, and other modalities. Among these, ultrasound and radiographic imaging are the two segments that provided for the most prominent chunk of demand in this market as of 2017. By the end of 2024, the two segments are estimated to attain a valuation of US$1,471.8 and US$1,255.5 mn respectively. The growth of the ultrasound segment is due to increasing cases of gynecological disorders and thyroid cases whereas the radiographic imaging segment is driven by increasing application in orthopedics, dental, and other chronic conditions such as pneumonia.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact Us

Transparency Market Research

State Tower,

90 State Street, Suite 700

Albany, NY 12207

United States

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: www.transparencymarketresearch.com

My name is Pragya Tripathi and I work with the Digital Marketing and Editorial team of Transparency Market Research, a market intelligence firms based in India & Usa.