The Global market for Medical Image Analysis Softwareis expected to reach $3.2 billion by the end of 2020 growing at a CAGR of around 8.1% from 2014 to 2021. Medical imaging is the process of creating visual portrayal of a body for clinical analysis and medical intervention. The scanning software generates images which are stored in the memory and are later analyzed.
The analysis is a process to improve the quality of images and the quantitative aspects as well. The analysis is done using computer-aided diagnosis (CAD), adaptive wavelet image enhancement, and data driven optimized image segmentation & registration.
North America is considered to be the largest market for Medical Image Analysis Software due to demand for better detection and post-diagnostic treatment. Asia Pacific is an upcoming market because of rise in per capita income and advancements in diagnostic technology. The Global Medical Image Analysis Software Market is segmented on the basis of Image Type (2Dimensional Image, 3Dimensional Image and 4Dimensional Image), Imaging Modality (X-Ray, Computed Tomography (CT), Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT), Magnetic Resonance Imaging (MRI) and Ultrasound), End Users (Hospitals and Imaging Centers) and Region (North America, Europe, Asia Pacific and Rest of the World).
Ease of reading, storing & sharing images, increase in the productivity because of same interface across all imaging modalities, increase in flexibility due to availability of images on mobile devices, rise in computer aided technology applications and increase in the number of aging population leading to more diagnostic check-ups are some of the factors augmenting the growth of the market.
High cost of software and data security issues are the major constraints hampering the market growth.
What the report offers:
Market Definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Global Medical Image Analysis Software Market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the Global Medical Image Analysis Software Market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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