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Medical Image Management Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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The technological advancements in image management solutions and willingness to invest in image management systems by an array of varied sized hospitals/imaging centres has promoted the overall growth of the medical image management market. The mark
Medical Image Management Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
In the quest to cut down the barriers across provider networks and optimize the patient
experience in terms of fewer scans, shorter patient wait time, online consulting solution
services, etc medical image management solution emerged. They are thoroughly secure
and provide a robust solution to image archiving, radiology, report dictation, study and
report storage.
The technological advancements in image management solutions and willingness to
invest in image management systems by an array of varied sized hospitals/imaging
centres has promoted the overall growth of the medical image management market.
The market is expected to register at the CAGR of 7.6% during the forecast period
(2019-2026) with an increase in market values from $3.04 billion in 2018 to over $5
billion by the end of 2026 end. Factors such as technological innovations, developments
in software, government initiatives are fuelling a considerable hike in the usage of
medical image management systems. The entire medical image management market
can be segmented on the basis of product type, mode of delivery, geography and endusers.
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Product Type:
The product type or solutions that are available in the market include:
• PACS (Picture Archive and Communication System)
• VNA (Vendor Neutral Archive)
• AICA (Application-Independent Clinical Archive)
• Others
PACS is widely popular in the radiology department and soon penetrating into
cardiology, ophthalmology, oncology, endoscopy, dermatology, pathology, neurology,
and dentistry. Owing to the increased use of PACS across various healthcare solutions,
PACS dominated the market in 2018. The enterprise PACS segment is forecasted to
witness the highest market growth during the forecast period. AICA is in the spotlight
too due to its easy interfacing with EHRs, quick view and easy access to data, reduced
storage costs, reduced migration costs, enhanced image sharing, synchronized crossdepartmental workflow, enhanced business continuity and non-image data sharing.
Cloud-based solutions and integration of PACS /VNA with digital medical record create
tremendous opportunities for players across the industry. The key factors hampering
the growth of the global market include budgetary constraints, longer product lifecycle
of VNAs, usability and user interface challenges.
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Mode of Delivery:
Medical images are achieved electronically with the help of Medical image management
systems capable of collecting, organising and controlling medical imaging data in
healthcare systems with various other patient information. Cloud computing benefits
range from data back-up and disaster recovery, economies of scale, scalability,
flexibility, minimum upfront costs to lower maintenance costs. The multifold rise of
BigData coupled with the use of artificial intelligence opened doors for convenient
medical diagnostic delivery mode on cloud and hybrid environments.
Geography:
The geographic regions include:
• North America
• Europe
• APAC
• Rest of the World (RoW)
The largest share of the global medical image management market is taken up by North
America, then by Europe and lastly by Asia-Pacific. Factors driving the adoption of
medical image management and the dominance of North America are:
• a large number of imaging centres in this region
• ongoing research activities
• the rapid adoption of technologically advanced imaging systems
• government initiatives towards digitization, increasing adoption of EHR/EMR
Asia-Pacific is expected to witness significant growth due to emerging economies and
rise in medical requirements by population dwelling in this region.
End Users:
Hospitals, Imaging Centres, diagnostic labs, Academic institutions and research
organisations are main end users. Hospital leads the crowd due to the higher number of
patients being treated, ease of access to patient information and of course rise in a
number of hospitals due to increasing population.
Key Takeaways:
• Identification of the high growth market segments in terms of product, delivery
models, end-users, and region/countries
• The market forecasts and estimates for the period 2019-2026
• Major drivers, opportunities, and challenges in the medical image management
market
• The recent developments in the medical image management market
• Factors to be considered by the major players in the global medical image
management market
• Regional trends and high growth countries
Table of Contents
1. Introduction
1.1. Scope and Objective
1.2. Assumptions and Acronyms
1.3. Forecast Factors
1.4. Research Methodology
2.
Executive Summary
2.1. Industry Cluster Analysis
2.2. Competition Matrix
2.3. Strategies Recommendations
3. Market Definition
3.1. Report Scope (Inclusions & Exclusions)
3.2. Market Segmentation
4.
Global Medical Image Management Market Overview
4.1. Global Medical Image Management Market Revenue (USD Mn)
5.
Key Inclusions
5.1. Porter’s Five Force analysis
5.2. Market Dynamics
5.3. Industry Trends
5.4. Regulatory Guidelines
5.5. Opportunities in Medical Image Management
6.
Competition Dynamics
6.1. Company Share Analysis (2018)
6.2. Top 10 Product Pricing by Region
7. Global Medical Image Management Market Revenue (USD Mn), 2018-2026 by
Solutions
7.1. Key Market Findings
7.2. Long Term ROI Segments
7.3. Revenue Opportunity Influencing Factors
7.4. Market Revenue (USD Mn) Assessment and Forecast by Solutions, 20182026
7.4.1
PACS
7.4.2
VNA
7.4.3
AICA
7.4.4
Others
8. Global Medical Image Management Market Revenue (USD Mn), 2018-2026 by End
User
8.1. Key Market Findings
8.2. Long Term ROI Segments
8.3.
Revenue Opportunity Influencing Factors
8.4. Market Revenue (USD Mn) Assessment and Forecast by End User, 20182026
8.4.1
Hospitals
8.4.2
Diagnostic Laboratories
8.4.3
Contract Research Organizations
8.4.4
Academic Institutes
9. Global Medical Image Management Market Revenue (USD Mn), 2018-2026 by
Region
9.1. Key Market Findings
9.2. Long Term ROI Segments
9.3. Revenue Opportunity Influencing Factors
9.4. Market Revenue (USD Mn) Assessment and Forecast by Region,2026
9.4.1
North America
9.4.2
Latin America
9.4.3
Europe
9.4.4
Asia Pacific
9.4.5
Rest of world
10. North America Medical Image Management Market Revenue (US$ Mn), 20182026
10.1. Key Market Findings
10.2. Long Term ROI Segments
10.3. Revenue Opportunity Influencing Factors
10.4. Market Revenue (USD Mn) Assessment and Forecast by Country,
2018-2026
10.4.1 US
10.4.2 Canada
10.5. Market Revenue (USD Mn) Assessment and Forecast by Solutions,
2018-2026
10.5.1 PACS
10.5.2 VNA
10.5.3 AICA
10.5.4 Others
10.6. Market Revenue (USD Mn) Assessment and Forecast by End User,
2018-2026
10.6.1 Hospitals
10.6.2 Diagnostic Laboratories
10.6.3 Contract Research Organizations
10.6.4 Academic Institutes
11. Latin America Medical Image Management Market Revenue (US$ Mn), 2018-2026
11.1. Key Market Findings
11.2. Long Term ROI Segments
11.3. Revenue Opportunity Influencing Factors
11.4. Market Revenue (USD Mn) Assessment and Forecast by Country,
2018-2026
11.4.1 Brazil
11.4.2 Mexico
11.4.3 Argentina
11.4.4 Rest of Latin America
11.5. Market Revenue (USD Mn) Assessment and Forecast by Solutions,
2018-2026
11.5.1 PACS
11.5.2 VNA
11.5.3 AICA
11.5.4 Others
11.6. Market Revenue (USD Mn) Assessment and Forecast by End User,
2018-2026
11.6.1 Hospitals
11.6.2 Diagnostic Laboratories
11.6.3 Contract Research Organizations
11.6.4 Academic Institutes
12. Europe America Medical Image Management Market Revenue (US$ Mn), 20182026
12.1. Key Market Findings
12.2. Long Term ROI Segments
12.3. Revenue Opportunity Influencing Factors
12.4. Market Revenue (USD Mn) Assessment and Forecast by Country,
2018-2026
12.4.1 Germany
12.4.2 France
12.4.3 Spain
12.4.4 UK
12.4.5 Russia
12.4.6 Poland
12.4.7 Rest of Europe
12.5. Market Revenue (USD Mn) Assessment and Forecast by Solutions,
2018-2026
12.5.1 PACS
12.5.2 VNA
12.5.3 AICA
12.5.4 Others
12.6. Market Revenue (USD Mn) Assessment and Forecast by End User,
2018-2026
12.6.1 Hospitals
12.6.2 Diagnostic Laboratories
12.6.3 Contract Research Organizations
12.6.4 Academic Institutes
13. Asia Pacific America Medical Image Management Market Revenue (US$ Mn),
2018-2026
13.1. Key Market Findings
13.2. Long Term ROI Segments
13.3. Revenue Opportunity Influencing Factors
13.4. Market Revenue (USD Mn) Assessment and Forecast by Country,
2018-2026
13.4.1 Emerging Asia
13.4.1.1
China
13.4.1.2
India
13.4.1.3
ASEAN-5
13.4.1.4
Rest of Emerging Asia
13.4.2 Japan
13.5. Market Revenue (USD Mn) Assessment and Forecast by Solutions,
2018-2026
13.5.1 PACS
13.5.2 VNA
13.5.3 AICA
13.5.4 Others
13.6. Market Revenue (USD Mn) Assessment and Forecast by End User,
2018-2026
13.6.1 Hospitals
13.6.2 Diagnostic Laboratories
13.6.3 Contract Research Organizations
13.6.4 Academic Institutes
14. Rest of World America Medical Image Management Market Revenue (US$ Mn),
2018-2026
14.1. Key Market Findings
14.2. Long Term ROI Segments
14.3. Revenue Opportunity Influencing Factors
14.4. Market Revenue (USD Mn) Assessment and Forecast by Country,
2018-2026
14.4.1 Middle East
14.4.2 South Africa
14.4.3 North Africa
14.4.4 Rest of World
14.5. Market Revenue (USD Mn) Assessment and Forecast by Solutions,
2018-2026
14.5.1 PACS
14.5.2 VNA
14.5.3 AICA
14.5.4 Others
14.6. Market Revenue (USD Mn) Assessment and Forecast by End User,
2018-2026
14.6.1 Hospitals
14.6.2 Diagnostic Laboratories
14.6.3 Contract Research Organizations
14.6.4 Academic Institutes
15. Company Profiles
15.1. Competition Landscape
15.2. Global Company Share (USD Mn) Overview, 2018
15.3. Company Profiles
15.3.1 Siemens Healthineers
15.3.1.1
Corporate Overview
15.3.1.2
Financial Performance
15.3.1.3
Peer Comparison & 3C marketing equation
15.3.1.4
Company Strategy & Channel Management
15.3.2 Carestream Health, Inc.
15.3.2.1
Corporate Overview
15.3.2.2
Financial Performance
15.3.2.3
Peer Comparison & 3C marketing equation
15.3.2.4
Company Strategy & Channel Management
15.3.3 GE Healthcare
15.3.3.1
Corporate Overview
15.3.3.2
Financial Performance
15.3.3.3
Peer Comparison & 3C marketing equation
15.3.3.4
Company Strategy & Channel Management
15.3.4 BridgeHead Software
15.3.4.1
Corporate Overview
15.3.4.2
Financial Performance
15.3.4.3
Peer Comparison & 3C marketing equation
15.3.4.4
Company Strategy & Channel Management
15.3.5 Philips Healthcare
15.3.5.1
Corporate Overview
15.3.5.2
Financial Performance
15.3.5.3
Peer Comparison & 3C marketing equation
15.3.5.4
Company Strategy & Channel Management
15.3.6 INFINITT Healthcare Co., Ltd
15.3.6.1
Corporate Overview
15.3.6.2
Financial Performance
15.3.6.3
Peer Comparison & 3C marketing equation
15.3.6.4
Company Strategy & Channel Management
15.3.7 Novarad Corporation
15.3.7.1
Corporate Overview
15.3.7.2
Financial Performance
15.3.7.3
Peer Comparison & 3C marketing equation
15.3.7.4
Company Strategy & Channel Management
15.3.8 Mach7 Technologies Ltd.
15.3.8.1
Corporate Overview
15.3.8.2
Financial Performance
15.3.8.3
Peer Comparison & 3C marketing equation
15.3.8.4
Company Strategy & Channel Management
16. Research Sources & Primary Verbatim
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