The medical imaging and radiology software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Medical Imaging And Radiology Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The medical imaging and radiology software market size has grown strongly in recent years. It will grow from $6.78 billion in 2023 to $7.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to regulatory compliance, increased healthcare expenditure, aged population, demand for precision medicine, and increased adoption of digital imaging technology.
The medical imaging and radiology software market size is expected to see strong growth in the next few years. It will grow to $10.23 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to artificial intelligence integration, telemedicine and remote imaging, emerging imaging modalities, population health management, and integration with electronic health records (EHR). Major trends in the forecast period include AI and machine learning adoption, cloud-based radiology software utilization, advanced imaging modalities development, population health analytics emphasis, and radiology software integration with EHR.
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Scope Of Medical Imaging And Radiology Software Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Medical Imaging And Radiology Software Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major medical imaging and radiology software companies are developing new technologies such as deep learning reconstruction technology, to enhance image quality, improve diagnostic accuracy, and optimize workflow efficiency. These innovative solutions leverage artificial intelligence and advanced algorithms to reconstruct medical images with greater clarity and detail. Deep learning reconstruction (DLR) technology is an advanced imaging technique powered by artificial intelligence that enhances the sharpness of medical pictures and accelerates scan times in modalities such as magnetic resonance imaging (MRI), contributing to improved image quality, faster diagnosis, and enhanced patient experiences. For instance, in August 2023, FUJIFILM Healthcare Americas Corporation, a US-based healthcare company, launched the ECHELON Synergy MRI system, a 1.5 Tesla magnetic resonance imaging (MRI) system incorporating Synergy DLR technology powered by artificial intelligence (AI). This innovation enhances image sharpness and accelerates scan times, promising higher throughput, superior image quality, and increased patient satisfaction. The system aims to improve access to MRI services and reduce appointment wait times. It features a spacious bore and table for patient comfort, SoftSound gradient technology for reduced noise, and AutoExam One Touch operation for streamlined workflow. Additionally, integrating Hydro AG antibacterial coating addresses healthcare-associated infections, providing added protection against common bacteria strains.
The medical imaging and radiology software market covered in this report is segmented –
1) By Type: Picture Archiving And Communication System (PACS), Radiology Information System (RIS), Other Types
2) By Imaging Modality: X-ray Imaging Software, Computed Tomography (CT) Imaging Software, Magnetic Resonance Imaging (MRI) Software, Ultrasound Imaging Software, Nuclear Medicine Imaging Software
3) By Application: Hospitals, Diagnostic Centers, Other Applications
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Regional Insights –
North America was the largest region in the medical imaging and radiology software market in 2023. The regions covered in the medical imaging and radiology software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the medical imaging and radiology software market are McKesson Corporation, Siemens Healthineers AG, Fujifilm Holdings Corporation, GE Healthcare, Agilent Technologies Inc., Koninklijke Philips N.V., Canon Medical Systems Corporation, Agfa-Gevaert N.V., Carestream Health Inc., Spacelabs Healthcare, Sectra AB, Intelerad Medical Systems Incorporated, Merge Healthcare Incorporated, Advanced Data Systems Corporation, Visage Imaging Inc., Novarad Corporation, Ambra Health, Mach7 Technologies Limited, VEPRO AG, Medical Informatics Engineering Inc., TeraMedica Inc, Dicom Solutions LLC, OmniPACS Inc., Zegami Ltd., Insignia Medical Systems Ltd.
Table of Contents
- Executive Summary
- Medical Imaging And Radiology Software Market Characteristics
- Medical Imaging And Radiology Software Market Trends And Strategies
- Medical Imaging And Radiology Software Market – Macro Economic Scenario
- Global Medical Imaging And Radiology Software Market Size and Growth
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- Global Medical Imaging And Radiology Software Market Competitive Dashboard
- Key Mergers And Acquisitions In The Medical Imaging And Radiology Software Market
- Medical Imaging And Radiology Software Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Medical Imaging And Radiology Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Medical Imaging And Radiology Software Market, Segmentation By Imaging Modality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Medical Imaging And Radiology Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: McKesson Corporation Financial Performance
Table 75: Siemens Healthineers AG Financial Performance
Table 76: Fujifilm Holdings Corporation Financial Performance
Table 77: GE Healthcare Financial Performance
Table 78: Agilent Technologies Inc. Financial Performance
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