The Medical Image Analysis Software Market is expected to reach USD 3.88 billion by 2022
from USD 2.61 billion in 2017, at a CAGR of 8.2% during the forecast period. Factors
such as technological advancements in medical imaging systems and analysis
software, growing public- and private-sector investments in the medical imaging
market, increasing use of imaging equipment due to rising prevalence of chronic
diseases, fusion of imaging technologies,
and growing applications of computer-aided diagnosis are driving the demand for
medical image analysis software.
Browse 303 Market Data Tables and 43 Figures spread through 313 Pages and in-depth TOC on "Medical Image Analysis Software Market.
The medical image analysis software market is highly competitive with several big and small players. Prominent players in the medical image analysis software market include AGFA Healthcare (Belgium), AQUILAB (France), Carestream Health, Inc. (US), Esaote S.p.A (Italy), GE Healthcare (US), Image Analysis (UK), INFINITT Healthcare Co, Ltd. (South Korea), Merge Healthcare, Inc. (US), MIM Software Inc. (US), Mirada Medical Limited (UK), Philips Healthcare (Netherlands), ScienceSoft USA Corporation, Siemens Healthineers (Germany), Toshiba Medical Systems Corporation (Japan), and Xinapse Systems Ltd. (UK).
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Browse 303 Market Data Tables and 43 Figures spread through 313 Pages and in-depth TOC on "Medical Image Analysis Software Market.
Mergers, acquisitions,
and partnerships accounted for the largest share of the overall growth
strategies mapped from 2014–2017. Some of the leading players who adopted these strategies include Philips Healthcare (US),
Merge Healthcare (US), and Toshiba Medical Systems Corporation (Japan).
The medical image analysis software market is highly competitive with several big and small players. Prominent players in the medical image analysis software market include AGFA Healthcare (Belgium), AQUILAB (France), Carestream Health, Inc. (US), Esaote S.p.A (Italy), GE Healthcare (US), Image Analysis (UK), INFINITT Healthcare Co, Ltd. (South Korea), Merge Healthcare, Inc. (US), MIM Software Inc. (US), Mirada Medical Limited (UK), Philips Healthcare (Netherlands), ScienceSoft USA Corporation, Siemens Healthineers (Germany), Toshiba Medical Systems Corporation (Japan), and Xinapse Systems Ltd. (UK).
In
2016, GE Healthcare dominated the medical image analysis software market. The
company has managed to create its identity in this market due to its robust
product portfolio and large geographic presence. To further strengthen its
product portfolio and market presence, the company focuses on product launches,
expansions, and collaborations as its key growth strategies. A notable example
of its focus was the expansion of its Healthcare IT Center of Excellence in
Szeged, Hungary, in June 2015.
Philips
Healthcare was the second leading player in the medical image analysis software
market in 2016. As part of its growth strategy, Philips focuses on organic
growth strategies like product launches and approvals. The company also lays emphasis on inorganic growth strategies
like partnerships, acquisitions, and collaborations to increase its market
presence in the medical image analysis software market. This growth of the
company in this market can be attributed
to its dedication towards product development and innovation. Its recent
product launches and upgrades like IntelliSpace Portal 9.0 (November 2016),
SkyFlow (December 2015), IntelliSpace Portal 8.0 (November 2015), and more have
ensured that the company’s solutions are up-to-date and relevant
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