Market Overview:
The global medical image processing market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this 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. The global medical image processing market is segmented on the basis of type into CT-scan, X-ray, ultrasound, MRI, nuclear imaging, and others. The CT-scan segment is expected to account for the largest share of the global medical image processing market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period from 2018 to 2030 due to its high adoption rate across hospitals and clinics for diagnostics purposes. On the basis of application, hospitals are expected to account for the largest share of the global medical image processing market in 2018 followed by clinics.
Product Definition:
Medical image processing (MIP) is the application of image processing techniques to medical images. MIP can be used to improve the quality of medical images, or to extract information from them. MIP is important because it allows doctors to better diagnose and treat patients.
CT-Scan:
CT-Scan is a medical device that is used to diagnose and treat diseases by producing images of internal body organs. CT-Scan works on the principle of X-ray absorption and emission of high energy radiation produced by source which in turn produces image. The major advantage associated with this technology is that it can provide 3D visualization, which other diagnostic technologies cannot match.
X-ray:
X-ray is a kind of electromagnetic ionizing radiation which is applied to the medical field for imaging purposes. X-rays are similar to light rays but have higher frequencies and shorter wavelengths. The primary difference between X-rays and visible light is that X-rays are much smaller than visible light - about 10 - 12 meters in diameter, whereas sunlight has a diameter of about 100,000 km (62 miles).
Application Insights:
Based on application, the global market is segmented into hospitals, clinics, research centers and other facilities. Hospitals held the largest share in 2017 owing to their extensive use for diagnosis of medical conditions. Furthermore, hospitals are also considered as the most prominent providers of advanced healthcare due to advancements in technology and equipment. However, a decreasing number of hospital beds across the world may hinder its demand over the forecast period.
Clinics are anticipated to witness significant growth over next six years due to increasing demand for cost-effective diagnostic solutions that do not require an expensive nuclear imaging facility or a CT scanner at a research center level.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of major players, technological advancements, and high adoption rate of advanced technologies in this region. The U.S.-based companies are involved in extensive research activities to develop advanced medical image processing solutions that can be integrated with other systems or devices for enhanced patient care and diagnosis.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing healthcare expenditure by governments as well as individuals, rising awareness about early diagnosis among people, and growing penetration of medical imaging equipment providers such as GE Healthcare; Siemens Healthineers; Philips Healthcare; Koninklijke Philips N.V.; Toshiba Medical Systems Corporation; Fujifilm Medical Systems Co., Ltd.; Samsung Biologics Co., Ltd.; Stryker India Pvt. Ltd.; Intuitive Surgical Inc.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The medical image processing market is expected to benefit from the increasing demand for minimally invasive surgeries. These surgeries are less risky and cause less pain and trauma as compared to traditional open surgery procedures.
- Growing use of 3D printing in medical industry: 3D printing is increasingly being used in the medical industry for the production of customized implants, prosthetics, and other surgical tools. This is likely to drive the growth of the medical image processing market in coming years.
- Rising incidence of chronic diseases: The incidence of chronic diseases such as cancer, heart disease, and diabetes is on the rise across the world. This has led to an increase in demand for diagnostic imaging services such as CT scans, MRIs, and PET scans. This is likely to boost growth prospects for the medical image processing market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Image Processing Market Research Report
By Type
CT-Scan, X-ray, Ultrasound, MRI, Nuclear Imaging, Others
By Application
Hospitals, Clinics, Research Centers, Others
By Companies
GE Healthcare, Philips Healthcare, Hitachi Medical Corporation, Hologic, Siemens Healthcare, Samsung Medison, Shimadzu Corporation, Canon Medical Systems, Toshiba, Rcadia Medical Imaging Ltd., TomTec Imaging Systems GmbH, Calgary Scientific Inc., Riverain Medical Group LLC
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Medical Image Processing Market Report Segments:
The global Medical Image Processing market is segmented on the basis of:
Types
CT-Scan, X-ray, Ultrasound, MRI, Nuclear Imaging, Others
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, Clinics, Research Centers, Others
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:
- GE Healthcare
- Philips Healthcare
- Hitachi Medical Corporation
- Hologic
- Siemens Healthcare
- Samsung Medison
- Shimadzu Corporation
- Canon Medical Systems
- Toshiba
- Rcadia Medical Imaging Ltd.
- TomTec Imaging Systems GmbH
- Calgary Scientific Inc.
- Riverain Medical Group LLC
Highlights of The Medical Image Processing 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:
- CT-Scan
- X-ray
- Ultrasound
- MRI
- Nuclear Imaging
- Others
- By Application:
- Hospitals
- Clinics
- Research Centers
- Others
- 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 Processing 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:
- Correctly Positioning New 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 processing is the process of using computer algorithms to improve the quality and accuracy of medical images. This can include everything from improving contrast and brightness to removing noise or artifacts.
Some of the major players in the medical image processing market are GE Healthcare, Philips Healthcare, Hitachi Medical Corporation, Hologic, Siemens Healthcare, Samsung Medison, Shimadzu Corporation, Canon Medical Systems, Toshiba, Rcadia Medical Imaging Ltd., TomTec Imaging Systems GmbH, Calgary Scientific Inc., Riverain Medical Group LLC.
The medical image processing market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Image Processing 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 Processing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Image Processing 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 Processing 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 Processing Market Size & Forecast, 2018-2028
4.5.1 Medical Image Processing Market Size and Y-o-Y Growth
4.5.2 Medical Image Processing Market Absolute $ Opportunity
Chapter 5 Global Medical Image Processing 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 Processing Market Size Forecast by Type
5.2.1 CT-Scan
5.2.2 X-ray
5.2.3 Ultrasound
5.2.4 MRI
5.2.5 Nuclear Imaging
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Image Processing 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 Processing Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Research Centers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Image Processing 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 Processing 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 Processing Analysis and Forecast
9.1 Introduction
9.2 North America Medical Image Processing 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 Processing Market Size Forecast by Type
9.6.1 CT-Scan
9.6.2 X-ray
9.6.3 Ultrasound
9.6.4 MRI
9.6.5 Nuclear Imaging
9.6.6 Others
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 Processing Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Research Centers
9.10.4 Others
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 Processing Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Image Processing 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 Processing Market Size Forecast by Type
10.6.1 CT-Scan
10.6.2 X-ray
10.6.3 Ultrasound
10.6.4 MRI
10.6.5 Nuclear Imaging
10.6.6 Others
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 Processing Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Research Centers
10.10.4 Others
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 Processing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Image Processing 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 Processing Market Size Forecast by Type
11.6.1 CT-Scan
11.6.2 X-ray
11.6.3 Ultrasound
11.6.4 MRI
11.6.5 Nuclear Imaging
11.6.6 Others
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 Processing Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Research Centers
11.10.4 Others
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 Processing Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Image Processing 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 Processing Market Size Forecast by Type
12.6.1 CT-Scan
12.6.2 X-ray
12.6.3 Ultrasound
12.6.4 MRI
12.6.5 Nuclear Imaging
12.6.6 Others
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 Processing Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Research Centers
12.10.4 Others
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 Processing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Image Processing 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 Processing Market Size Forecast by Type
13.6.1 CT-Scan
13.6.2 X-ray
13.6.3 Ultrasound
13.6.4 MRI
13.6.5 Nuclear Imaging
13.6.6 Others
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 Processing Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Research Centers
13.10.4 Others
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 Processing Market: Competitive Dashboard
14.2 Global Medical Image Processing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 Philips Healthcare
14.3.3 Hitachi Medical Corporation
14.3.4 Hologic
14.3.5 Siemens Healthcare
14.3.6 Samsung Medison
14.3.7 Shimadzu Corporation
14.3.8 Canon Medical Systems
14.3.9 Toshiba
14.3.10 Rcadia Medical Imaging Ltd.
14.3.11 TomTec Imaging Systems GmbH
14.3.12 Calgary Scientific Inc.
14.3.13 Riverain Medical Group LLC
