The global Medical Image Analytics Market is expected to reach USD 4.66 Billion by 2027, according to a new report by Emergen Research. A growing incidence of chronic illnesses such as arthritis and cardiac disease would accelerate the development of medical imaging devices in the coming years.Recent advances in medical imaging devices have paved the way for innovative solutions which have rendered diagnosis more comfortable for patients. A significant increase in the number of such events is likely to boost demand development for medical imaging equipment in the future.The growing geriatric population, coupled with the chronic diseases they experience, is projected to fuel growth in the demand for medical imaging equipment. However, exorbitant premiums are associated with medical imaging tests combined with restricted access to the necessary infrastructure that impedes the growth of the medical imaging devices markets.
The latest research report by emergen research, named ‘Global Medical Image Analytics Market - Forecast to 2027’, entails a comprehensive review of the global Medical Image Analytics market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Medical Image Analytics industry, particularly the current COVID-19 scenario.
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Ultrasound imaging, in the Modality segment, is anticipated to grow with a CAGR of 8.1% during the forecast period, owing to benefits such as fast detection and precision, non-invasiveness, and no direct susceptibility to ionizing radiation.
By End Use, the diagnostic centers segment expected to grow with a CAGR of 8.2% in the forecasted period, attributable to the installed base of diagnostic imaging services and management of the inflow of visitors, coupled with the beneficial payment policies by policymakers across the globe.
The cardiology application is the major contributor to the Medical Image Analytics Market. The cardiology application of the North America region is the major shareholder of the market and held around 24.5% of the market in the year 2019, owing to the rising incidence of cardiovascular and congenital cardiac disease and growing policy funding to increase healthcare quality.
The latest report is the most recent study that offers 360° coverage of the Medical Image Analytics industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Medical Image Analytics market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Key participants include Agfa-Gevaert Corporation, Toshiba Medical Systems Corporation, Spacelabs Healthcare Inc., Xinapse Systems Ltd., Carestream Health Inc., Merge Healthcare Inc., Siemens Healthineers, Philips Healthcare, MIM Software Inc., and Bruker Corporation, among others.
The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Emergen Research has segmented the global Medical Image Analytics Market on the basis of modality, end-use, application, and region:
Modality Outlook (Revenue, USD Billion; 2017-2027)
- Ultrasound Imaging
- Radiographic Imaging
- Combined Modalities
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Diagnostic Centers
- Ambulatory Surgical Centers
Application Outlook (Revenue, USD Billion; 2017-2027)
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- Report Overview
1.1 Research Scope
1.2 Key Medical Image Analytics market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Medical Image Analytics market size
2.2 Latest Medical Image Analytics market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Medical Image Analytics market key players
3.2 Global Medical Image Analytics size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Medical Image Analytics market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
The global Medical Image Analytics market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Medical Image Analytics market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Key questions addressed in the report:
What are the key factors driving the global Medical Image Analytics market?
Who are the key manufacturers in this market space?
Who are the distributors, traders and dealers of this market?
What are the market opportunities and risks affecting the performance of the vendors in the global Medical Image Analytics market?
What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
Unfolding the prime factors prompting growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Medical Image Analytics market into a broad product spectrum.
- The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
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