Medical Image Analysis Software Market Revenue is Expected to Reach US$ 3,800 Mn by 2022

Global Market Study on Medical Image Analysis Software: North America to Dominate the
Market in Terms of Revenue
Due to the advancements in technology the medical image analysis software is getting increasing
utilized by the medical fraternity. Moreover, there is a rise in demand for imaging modalities and
increased government spending on the healthcare sector are other factors driving the growth of this
market. In addition, using medical image analysis software increases the efficiency and
effectiveness of medical procedures due to which the use of such software is gaining in popularity.
Moreover, there is an increase in the number of chronic illnesses like cancer, due to which also
demand for medical image analysis software is increasing.
Also, a growing awareness about the benefits of using such software in the medical community and
the rise in geriatric population are also aiding the market growth. Besides, such type of images can
be shared easily by doctors, and this speeds up the decision making process of doctors and therefore
such type of medical image analysis software is becoming popular.
The global medical image analysis software market is slated to touch a value of about US$ 3,800
Mn in the year 2022 and grow at a robust CAGR during the assessment period.
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4 Forecast Highlights on Global Medical Image Analysis Software Market
As per the forecast of Persistence Market Research, the standalone software segment is slated to
touch a value of nearly US$ 2,380 Mn in the year 2022. This represents a robust CAGR growth
during the assessment period of 2017-2022. The standalone software segment is estimated to
account for nearly two-third of the revenue share of the product type segment by the year 2017 and
is forecasted to gain market share by 2022 over 2017.
As per the forecast of Persistence Market Research, the diagnostic centers segment will reach a
value of nearly US$ 720 Mn in the year 2017. This represents a robust CAGR growth during the
forecast period. The diagnostic centers segment is forecasted to account for more than one-fourth of
the total revenue share of the end-user segment by the end of the year 2017 and is expected to gain
in market share by 2022 as compared with the year 2017.
As per the forecast of Persistence Market Research, the computed tomography segment is slated to
reach a value of nearly US$ 1,170 Mn in 2022. The computed tomography segment is expected to
gain market share by the end of the year 2022. The largest share is contributed by the North
America region in the computed tomography segment.
Persistence Market Research forecasts the 2D imaging segment to exhibit an annual growth rate
(CAGR) of 7% from 2017 to 2022.
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The report has also included the profiles of some of the leading companies in the medical image
analysis software market like Carestream Health, Inc., Analogic Corporation, Sciencesoft USA
Corporation, AGFA Healthcare, Siemens Healthineers, Esaote SpA, Philips Healthcare, AQUILAB,
GE Healthcare Inc., Merge Healthcare Inc., Toshiba Medical Systems Corporation and Mirada
Medical Limited.

In the medical image analysis, the health related problems are analysed with the aid of digital image processing technique and various imaging modalities.