Medical Image Analysis Software Market Size and Forecast 2024-2033|Aquilab SAS, Carestream Health Inc., Esaote S.p.A, GE HealthCare Technologies Inc., Image Analysis Group

Overview and Scope

Medical image analysis software is a software that allows for the quantitative analysis and display of medical images from a variety of modalities, including PET, MRI, CT, and microscopy.

Sizing and Forecast

The medical image analysis software market size has grown rapidly in recent years. It will grow from $3.66 billion in 2023 to $4.05 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to aging population, rise in healthcare costs, patient-centric care, global health preparedness, clinical research and trials.

The medical image analysis software market size is expected to see rapid growth in the next few years. It will grow to $5.96 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to precision medicine, disease diagnosis and monitoring, minimizing interpretation errors, remote image analysis services, quantitative imaging biomarkers. Major trends in the forecast period include 3d and 4d imaging, sustainable imaging solutions, artificial intelligence (ai)-enhanced automation, data security and privacy, advancements in medical imaging.

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Segmentation & Regional Insights

The medical image analysis software market covered in this report is segmented –

1) By Type: Integrated Software, Standalone Software

2) By Image Type: 2D Image, 3D Image, 4D Image

3) By Modality: Tomography, Ultrasound Imaging, Radiographic Imaging, X-ray Imaging, MRI, Other Modalities

4) By Application: Orthopedics, Dental Applicationa, Neurology, Cardiology, Oncology, Obstetrics and Gynecology, Mammography, Other Applications

5) By End User: Hospital, Diagnostic Center, Research Center, Other End Users

North America was the largest region in the medical image analysis software market in 2023. The regions covered in the medical image analysis software market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

An increase in the incidence of chronic diseases is expected to propel the growth of the medical image analysis software market going forward. Chronic diseases are conditions or illnesses that often last for three months or longer and have the potential to get worse over time. Medical imaging enables doctors to identify diseases such as cancer, diabetes, and others in their early stages, improving patient outcomes. Early diagnosis and treatment of diseases makes them more manageable, making this cutting-edge technology genuinely life-changing. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, there would be 142.66 million people with chronic diseases worldwide by the year 2050, up from 71.522 million in 2020. Therefore, the increasing prevalence of chronic diseases is driving the growth of the medical equipment calibration services market.

Key Industry Players

Major companies operating in the medical image analysis software market include Aquilab SAS, Carestream Health Inc., Esaote S.p.A, GE HealthCare Technologies Inc., Image Analysis Group, INFINITT Healthcare Co. Ltd., Merge Healthcare Inc., MIM Software Inc., Mirada Medical Limited, Philips Healthcare, ScienceSoft USA Corporation, Siemens AG, Toshiba Medical Systems Corporation, Xinapse Systems Ltd., AGFA Healthcare, Aktien-Gesellschaft für Anilin-Fabrikation Group, Aidoc Medical, Arterys Inc., Blackford Analysis Ltd., Butterfly Network Inc., Canon Medical Systems Corp., ContextVision AB, Fujifilm Medical Systems Corp., Hologic Inc., Life Image Inc., Mirai Medical Co., Nines Radiology inc., PathAI Inc., Pie Medical Imaging BV, Quibim, Riverain Technologies, Sectra AB, Spintech Holdings inc., Subtle Medical Inc.

The medical image analysis software market report table of contents includes:

1. Executive Summary

2. Medical Image Analysis Market Characteristics

3. Medical Image Analysis Market Trends And Strategies

4. Medical Image Analysis Market – Macro Economic Scenario

5. Global Medical Image Analysis Market Size and Growth

26. South America Medical Image Analysis Market

27. Brazil Medical Image Analysis Market

28. Middle East Medical Image Analysis Market

29. Africa Medical Image Analysis Market

30. Medical Image Analysis Market Competitive Landscape And Company Profiles

Top Major Players: