Medical Image Analysis Software Market size was valued at 2,823 million in 2021 and is expected to reach 4,901 million by 2028, at a CAGR of 8.2% during the forecast period 2022 to 2028. Medical image analysis software helps the practitioners and healthcare professionals to analyze and visualize the medical images. The medical image analysis software is a major tool of diagnostic machines and enables enhance the identifying features of image. Moreover, the software is used for the training, storing, sharing, and viewing of medical data. It helps to increase the efficiency of monitoring, diagnosis, and treatment of various diseases. Key developments: In November 2019, GE Healthcare partnered with DIA Imaging Analysis Ltd. to adopt the companyâ€™s imaging analysis technology for ultrasound devices.
Fastest Growing Market
Technological advancements in medical imaging systems such as 3D/4D platforms and analytical software is a key factor drives the market over the forecast period. Moreover, increase in the usage of imaging equipment due to rise in prevalence of chronic diseases, grow in investments from the public and private sectors in medical imaging techniques, wide range of applications with computer-aided diagnosis, and increase in demand for early stage disease diagnosis are expected to propel the global medical image analysis software market over the forecast years. However, high cost of medical imaging equipment and lack of skilled professionals are expected to hamper the growth of global medical image analysis software market.
The medical image analysis software market is projected to expand at a CAGR of 8.2% during the forecast period
GE Healthcare, Carestream Health, Philips Healthcare, Toshiba Medical Systems Corporation, Esaote S.p.A
North America is the fastest-growing region for the medical image analysis software market