Market Overview:
The global medical image analytics market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for advanced diagnostic and treatment procedures, rising incidence of chronic diseases, and growing awareness about early diagnosis and treatment. In addition, technological advancements in medical image analytics are also contributing to the growth of the market. On the basis of type, mammography is expected to account for the largest share of the global medical image analytics market in 2018. This can be attributed to factors such as increasing prevalence of breast cancer and growing demand for early diagnosis and treatment procedures.
Product Definition:
Medical image analytics is a field of study that uses mathematical and computational methods to analyze medical images with the aim of extracting useful information for clinicians. The importance of medical image analytics lies in its potential to improve patient care by providing clinicians with more accurate and timely information about a patient's condition.
Mammography:
Mammography is the technique of using X-rays to detect breast cancer. The global mammography market size was valued at USD 1.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
MRI:
Magnetic Resonance Imaging (MRI) is an imaging technique that uses magnetic fields and radio waves to produce images of body tissues. MRI makes use of the fact that nuclei in the body absorb and re-radiate electromagnetic radiation. This technology has wide applications in medical diagnostics, especially for neurological problems, cardiac conditions, cancer diagnosis as well as tissue engineering procedures.
Application Insights:
The market is segmented into hospitals, diagnostic imaging centers, and other applications. Hospitals held the largest share in 2017 owing to the high usage of medical images for diagnosis and treatment purposes. Furthermore, an increase in the number of hospital-acquired computed tomography (CT) scanners has led to a significant rise in demand for image analytics software within this sector.
The application of medical image analytics within diagnostics imaging centers is expected to witness lucrative growth over the forecast period due to increasing demand from private practices as well as government healthcare programs. ASCs are gaining traction across North America and Europe as they provide faster results at a lower cost than traditional radiographic methods such as x-rays or ultrasound images do. The growing adoption rate of these centers by consumers with various health conditions has also driven their growth over recent years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for quality medical services. Moreover, favorable reimbursement policies are also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising geriatric population base and improving economic conditions in emerging countries such as China and India. Furthermore, government initiatives encouraging R&D activities within this region are expected to boost revenue generation opportunities for industry players operating within Asia Pacific region over the next eight years time frame.
Growth Factors:
- Increasing demand for early and accurate diagnosis of diseases
- Rising prevalence of chronic diseases
- Growing number of image-guided interventions
- Advances in medical imaging technology
- Increased focus on preventive healthcare
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Image Analytics Market Research Report
By Type
Mammography, MRI, Computed Tomography (CT) and Ultrasound, Radiography X-ray, Combined Modality
By Application
Hospitals, Diagnostic Imaging Centers, ASC
By Companies
Siemens Healthineers, GE Healthcare, Hologic Inc., Agfa Healthcare, Infinitt Healthcare, Media Cybernetics, MIM Software Inc., Philips Healthcare, Carestream Health, Aquilab, Hologic Inc., Neusoft Medical, Mirada Medical Ltd., Dentsply Sirona
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Medical Image Analytics Market Report Segments:
The global Medical Image Analytics market is segmented on the basis of:
Types
Mammography, MRI, Computed Tomography (CT) and Ultrasound, Radiography X-ray, Combined Modality
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Diagnostic Imaging Centers, ASC
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens Healthineers
- GE Healthcare
- Hologic Inc.
- Agfa Healthcare
- Infinitt Healthcare
- Media Cybernetics
- MIM Software Inc.
- Philips Healthcare
- Carestream Health
- Aquilab
- Hologic Inc.
- Neusoft Medical
- Mirada Medical Ltd.
- Dentsply Sirona
Highlights of The Medical Image Analytics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mammography
- MRI
- Computed Tomography (CT) and Ultrasound
- Radiography X-ray
- Combined Modality
- By Application:
- Hospitals
- Diagnostic Imaging Centers
- ASC
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Image Analytics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical image analytics is the process of using computer algorithms to analyze medical images for diagnostic purposes. Medical images can be photographs, X-rays, or scans of patients' bodies. Image analysts use these images to identify abnormalities and assess the health of patients.
Some of the major companies in the medical image analytics market are Siemens Healthineers, GE Healthcare, Hologic Inc., Agfa Healthcare, Infinitt Healthcare, Media Cybernetics, MIM Software Inc., Philips Healthcare, Carestream Health, Aquilab, Hologic Inc., Neusoft Medical, Mirada Medical Ltd., Dentsply Sirona.
The medical image analytics market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Image Analytics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Image Analytics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Image Analytics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Image Analytics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Image Analytics Market Size & Forecast, 2018-2028
4.5.1 Medical Image Analytics Market Size and Y-o-Y Growth
4.5.2 Medical Image Analytics Market Absolute $ Opportunity
Chapter 5 Global Medical Image Analytics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Image Analytics Market Size Forecast by Type
5.2.1 Mammography
5.2.2 MRI
5.2.3 Computed Tomography (CT) and Ultrasound
5.2.4 Radiography X-ray
5.2.5 Combined Modality
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Image Analytics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Image Analytics Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Diagnostic Imaging Centers
6.2.3 ASC
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Image Analytics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Image Analytics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Image Analytics Analysis and Forecast
9.1 Introduction
9.2 North America Medical Image Analytics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Image Analytics Market Size Forecast by Type
9.6.1 Mammography
9.6.2 MRI
9.6.3 Computed Tomography (CT) and Ultrasound
9.6.4 Radiography X-ray
9.6.5 Combined Modality
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Image Analytics Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Diagnostic Imaging Centers
9.10.3 ASC
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Image Analytics Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Image Analytics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Image Analytics Market Size Forecast by Type
10.6.1 Mammography
10.6.2 MRI
10.6.3 Computed Tomography (CT) and Ultrasound
10.6.4 Radiography X-ray
10.6.5 Combined Modality
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Image Analytics Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Diagnostic Imaging Centers
10.10.3 ASC
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Image Analytics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Image Analytics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Image Analytics Market Size Forecast by Type
11.6.1 Mammography
11.6.2 MRI
11.6.3 Computed Tomography (CT) and Ultrasound
11.6.4 Radiography X-ray
11.6.5 Combined Modality
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Image Analytics Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Diagnostic Imaging Centers
11.10.3 ASC
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Image Analytics Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Image Analytics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Image Analytics Market Size Forecast by Type
12.6.1 Mammography
12.6.2 MRI
12.6.3 Computed Tomography (CT) and Ultrasound
12.6.4 Radiography X-ray
12.6.5 Combined Modality
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Image Analytics Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Diagnostic Imaging Centers
12.10.3 ASC
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Image Analytics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Image Analytics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Image Analytics Market Size Forecast by Type
13.6.1 Mammography
13.6.2 MRI
13.6.3 Computed Tomography (CT) and Ultrasound
13.6.4 Radiography X-ray
13.6.5 Combined Modality
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Image Analytics Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Diagnostic Imaging Centers
13.10.3 ASC
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Image Analytics Market: Competitive Dashboard
14.2 Global Medical Image Analytics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens Healthineers
14.3.2 GE Healthcare
14.3.3 Hologic Inc.
14.3.4 Agfa Healthcare
14.3.5 Infinitt Healthcare
14.3.6 Media Cybernetics
14.3.7 MIM Software Inc.
14.3.8 Philips Healthcare
14.3.9 Carestream Health
14.3.10 Aquilab
14.3.11 Hologic Inc.
14.3.12 Neusoft Medical
14.3.13 Mirada Medical Ltd.
14.3.14 Dentsply Sirona
