Medical Image Analysis Software Market Size to Grow by $ 1.53 bn through 2021-2025
Technavio research projects the medical image analysis software market to grow by $ 1.53 bn, accelerating at a CAGR of almost 8% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Medical Image Analysis Software Market: Key Market Driver
One of the primary factors that will trigger the growth of the medical image analysis software market size is Advances in the medical imaging field. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Medical Image Analysis Software Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Agfa-Gevaert NV, AnalyzeDirect Inc., AQUILAB SAS, Carestream Health Inc., Esaote SpA, General Electric Co., International Business Machines Corp., Koninklijke Philips NV, Mirada Medical Ltd., and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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The medical image analysis software market has the potential to grow by USD 1.53 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.90%.
This medical image analysis software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (standalone and integrated) and geography (North America, APAC, Europe, South America, and MEA). The medical image analysis software market report also offers information on several market vendors, including Agfa-Gevaert NV, AnalyzeDirect Inc., AQUILAB SAS, Carestream Health Inc., Esaote SpA, General Electric Co., International Business Machines Corp., Koninklijke Philips NV, Mirada Medical Ltd., and Siemens AG among others. View Free Sample Report
Medical Image Analysis Software Market: Emerging Trends to Impact Market Growth
As the occurrence of chronic diseases increases, there will be an increase in the use of medical imaging techniques and high demand for image analysis for improved diagnoses. The growing prevalence of chronic diseases and generally incurable conditions, such as cancer, cardiovascular conditions, diabetes, and asthma, is responsible for the increase in demand for medical imaging systems. Post-imaging analysis using advanced image analysis software helps in the early detection of chronic diseases and assesses the effectiveness of therapy on patients. Medical imaging technology plays a major role in addressing chronic health concerns, as it helps in focusing on preventative health. Diagnostic imaging plays a crucial role in the early detection of chronic diseases and in monitoring disease progression.
Medical Image Analysis Software Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Agfa-Gevaert NV, AnalyzeDirect Inc., AQUILAB SAS, Carestream Health Inc., Esaote SpA, General Electric Co., International Business Machines Corp., Koninklijke Philips NV, Mirada Medical Ltd., and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
