Medical Imaging And Radiology Software Market 2024 | Market Trends, Key Drivers, Competitive Landscape, Share And Forecast To 2033
Overview and Scope
Medical imaging and radiology
software refers to specialized computer programs designed for the
visualization, analysis, and manipulation of medical images. The software
allows healthcare professionals, particularly radiologists and technicians, to
view radiological images, for active research , annotate findings, and create
detailed reports for diagnosis and treatment planning.
Sizing and Forecast
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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Segmentation & Regional
Insights
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
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.
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Major Driver Impacting Market
Growth
The growing prevalence of chronic
diseases is expected to propel the growth of the medical imaging and radiology
software market going forward. Chronic diseases are long-lasting conditions
characterized by persistent or recurring symptoms that require ongoing medical
management. The prevalence of chronic diseases is a complex and multifaceted
issue influenced by urbanization, genetic predisposition and the adoption of
sedentary lifestyles. Medical imaging and radiology software are utilized in
chronic disease management for early detection, accurate diagnosis, disease
monitoring, and treatment planning, facilitating timely interventions, and
optimizing patient outcomes. For instance, in September 2023, according to the
World Health Organization (WHO), a Switzerland-based intergovernmental
organization, each year there are 41 million deaths worldwide, accounting for
74% of all fatalities attributed to chronic diseases. This includes 17.9
million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1
million from chronic respiratory diseases, and 2.0 million from diabetes.
Therefore, the growing prevalence of chronic diseases drives the growth of the
medical imaging and radiology software market.
Key Industry Players
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.
The medical imaging and
radiology software market report table of contents includes:
1. Executive Summary
2. Medical Imaging And Radiology
Software Market Characteristics
3. Medical Imaging And Radiology
Software Market Trends And Strategies
4. Medical Imaging And Radiology
Software Market - Macro Economic Scenario
5. Global Medical Imaging And
Radiology Software Market Size and Growth
......................................
32. Global Medical Imaging And
Radiology Software Market Competitive Benchmarking
33. Global Medical Imaging And
Radiology Software Market Competitive Dashboard
34. Key Mergers And Acquisitions
In The Medical Imaging And Radiology Software Market
35. Medical Imaging And Radiology
Software Market Future Outlook and Potential Analysis
36. Appendix
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