As per a new research report by Transparency market Research (TMR), the global medical image analysis software is expected to gain a substantial momentum in the next few years. The study, titled “Medical Image Analysis Software Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2023,” further states that the consistent technological advancements and the rising demand for platform independent, n-dimensional image processing and visualization are the key factors behind the phenomenal growth of this market.
According to the study, the escalating demand for diagnostic procedures, together with continual innovation and reliable support for the development of this software is projected to drive this market remarkably throughout the forecast period. However, the dearth of knowledge about the usage of medical image analysis software among consumers and the high cost associated with it may create obstructions in the growth trajectory of this market in the coming years, states the research report.
In this research study, the global medical image analysis software market has been analyzed on three fronts: The imaging modality, end user, and the geography. Based on the imaging modality, the market has been classified into positron emission tomography and single photon emission computed tomography, computed tomography, magnetic resonance imaging, microscopy, ultrasound, and X-ray. Based on the end user, the market has been categorized diagnostic centers and general hospitals.
Geographically, North America, Asia Pacific, Europe, and the Rest of the World have been identified as the key segments of the worldwide market for medical image analysis software. Among these, Asia Pacific has surfaced as the leading regional market on account of the increasing prevalence of life-threatening diseases and medical conditions. Researchers expect the scenario to remain same over the period of forecast, notes the market study.
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The competitive landscape of the worldwide market for medical image analysis software has also been assessed in this research report. Researchers have thoroughly reviewed the profiles of the key players and have also studied the historical performance future prospects of each of participants in order to determine the present hierarchy in this market. The leading developers of medical image analysis software mostly rely on product innovation and advancements in technologies for sustenance. They have also begun to focus on partnerships, mergers, and acquisitions to expand their businesses across geographies.
Some of the prominent enterprises in the global market for medical image analysis software are GE Healthcare, Agfa Healthcare, Philips, Spacelabs Healthcare, Xinapse Systems Ltd., EsaoteSpA, Claron Technologies, Toshiba Medical Systems, and Siemens AG, states the research report.