Medical Imaging Analysis Market
Market Overview

The key considerations for the development of software for medical image analysis include technological advances in imaging technologies and analytical software, increased use of imaging machinery because of the increased incidence of chronic diseases, and increased applications of computer-aided diagnostics.

The incidence of chronic diseases is increasing worldwide. In 2012, approximately 14.1 million instances of cancer have happened globally, according to Cancer Research UK. According to the World Health Organization, around 17.7 million individuals in 2015 died from cardiovascular disease, accounting for 31% of all fatalities worldwide. Among these deaths it is estimated that 7,4 million of those fatalities are caused by coronary heart disease and 6,7 million by stroke. In the United States, almost 40,000 individuals have been diagnosed with head and neck cancers, of which 12,000 died alone in 2014, according to the American Cancer Society. Cancer is one of the world s major cause of death, with 8.8 million victims in 2015 and nearly one in 6 fatalities worldwide.
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In recent decades, the disease has experienced a substantial increase and is anticipated to increase quickly during the forecast period. Almost 6% of malignancies are estimated in the United States. The growing burden of these chronic diseases increases the use of medical imaging methods. This trend calls for advanced imaging technologies with updated software that drive market growth during the forecast period.

Report Scope

In accordance with the scope of the report, medical imaging is the process by which a body is created for medical analysis and intervention. The scanning software generates images that are stored in the memory of the computer and analyzed later. The analysis is a method for improving image quality and quantitative elements. The analysis is a method for improving image quality and quantitative elements.

Market Trends

X-ray has applications for bone or tissue sample examination. X-ray imaging information is evaluated with software imagery. The creation of software for the assessment of medical x-ray images has made the treatment and data management simple for the medical staff. Data can be shared readily between suppliers of healthcare and scientists at distant locations. This is an important factor in the development of the industry. GE s Rhythm Radiographies is an sophisticated x-ray program that provides sophisticated imaging, review and information management instruments for all x-ray testing processes, including computed x-ray, digital x-ray and movie digitalization. Its sophisticated information sharing capacities enable important productivity improvements and quicker quality issues to be identified. Process effectiveness can be enhanced with x-ray software. The software decreases the need for training and saves costs and time, so patients and healthcare suppliers are preferred. The x-rays, analysis and documentation are readily exported as PDF or JPG pictures in electronic medical records. This market is driven by demand for imaging methods and growing technological advances.

North America maintains a major share in the software industry for medical image analysis and should demonstrate a comparable trend without important changes over the prediction era. The U.S. is one of the biggest markets for software for medical imaging assessment. The new imagery software regularly updates and new companies offer solutions that provide easy image post-processing and optimization, with filtering tools. Companies such as AnalyzeDirect are now offering imaging analysis software, combined with enhanced visualization software. As radiation doses are increasingly concerned, these tools help understand better dose adjustment for imagery so that a better idea can be captured. It is estimated that more than 80 million CT scans are conducted annually in the United States. Diagnosis and treatments were revolutionized with scanning procedures such as CT angiography, colonography, dual-energy, CT infusion and others. The population of the United States is increasingly exposed to chronic diseases, which require them to undergo imaging scans during the diagnosis and therapy phase. Hospitals and diagnostic imaging centers involve advanced software because of the increasing amount of imagery processes. All of these factors may stimulate market growth over the forecast period.

Competitive Landscape

The medical imaging analysis software market for medical assessment is moderately consolidated due to the existence in the industry of a number of important players. In order to obtain important market share, businesses focus on the technological development of equipment. AGFA Healthcare, Aquilab GmbH, Canon Medical Systems USA, Carestream Health Inc., GE Healthcare, IBM Watson Health, Ko are among the market players.

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