The key players in the Global medical imaging informatics market are employing novel concepts and ideas to offer innovative medical imaging informatics products and have adopted product launch and agreement as the key developmental strategy to keep pace with the changes in demands for end users.
Increase in the number of diagnostic imaging procedures, high prevalence of chronic diseases, decrease in cost of medical imaging informatics data storage platforms, and improving healthcare ecosystems are the major factors that drive the growth of the Medical Imaging Informatics Market.
The digital radiography segment held the leading position with over two-seventh market share of the Global medical imaging informatics market in 2015, owing to the frequent use of digital radiography systems in the healthcare facilities. However, the mammography segment is estimated to register fastest growth with the CAGR of 9.0% during the forecast period, owing to innovative and advanced applications of mammography and increase in incidences of breast cancer worldwide.
In the year 2015, the web-based deployment mode segment accounted over two-third share of overall market due to the easy and low-cost installation of web-based deployment mode in the healthcare settings.
In accordance to several interviews conducted, the utilization of medical imaging informatics is expected to witness a significant growth, owing to improvement of imaging procedures, rise in diagnostic imaging procedures, and innovative & advanced applications of medical imaging informatics software.
The medical imaging informatics market is the point of interest in the healthcare IT market as it is one of the emerging medical image processing and analysis techniques. Moreover, technological advancements in the diagnostic imaging procedures provide advanced imaging techniques for the visualization of body organs.
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According to the experts from leading companies operating in this market, increase in number of diagnostic imaging procedures and high prevalence of chronic diseases, decrease in cost of storage platforms, and improved healthcare ecosystem are some of the major factors driving market growth. However, lack of expertise to operate it, integrated imaging modalities, and high installation cost of medical imaging informatics solutions hamper the growth of the market.
Key findings of Medical Imaging Informatics Market:
- In the year 2015, software component was the leading segment of overall medical imaging informatics market revenue, and is projected to grow at a CAGR of 5.5% during the forecast period.
- North America accounted for around half of the Global medical imaging informatics market in 2015.
- The digital radiography segment is projected to generate largest revenue in the Global medical imaging informatics market.
- Japan alone is the major shareholder in the Asia-Pacific region accounting for around one-third share of the Asia-Pacific medical imaging informatics market.