Medical Image Management Market Analysis, Growth Values, Industry Share, Prediction Overview, Technology Specifications and Global Forecast to 2025
Market Highlights:
The global Medical Image Management
Market is expected to register a CAGR of 7.80% during the
forecast period with a market value of USD 5,971.28 million till 2025. Medical image
management are software solutions used by medical service providers to store,
retrieve, and analyze patient medical imaging data for better diagnosis and
making treatment decisions.
The rising prevalence of chronic
diseases, increasing spending on the healthcare it sector, and
technological advancements in diagnostics sector are expected to enhance the
market growth. However, the high costs of software solutions and privacy and
security concerns are projected to curb the growth of the market.
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Major Players:
·
GE Healthcare
·
Koninklijke
Philips N.V
·
Siemens
Healthineers AG
·
McKesson
Corporation
·
Sectra AB
·
Agfa-Gevaert Group
·
Carestream Health
·
Esaote SpA
·
Fujifilm Holding
Corporation
Segment
Analysis:
·
The global medical
image management market, by product, has been segmented into picture archiving
and communication system, vendor neutral archive (VNA), application-independent
clinical archives, and enterprise viewers/universal viewers.
·
By end user, the global
medical image management market has been classified
as hospitals, diagnostic imaging centers, and others.
Regional
Analysis:
The global medical image management market,
based on region, has been divided into the Americas, Europe, Asia-Pacific, and
the Middle East & Africa.
The Americas accounted for the largest market
in 2018 and is estimated to dominate the global medical image management market
owing to the increasing prevalence of chronic diseases, rising adoption of
healthcare IT by healthcare bodies, and an increasing number of medical imaging
procedures performed.
Europe acquired the second largest market
share in 2018. It is expected to register a CAGR of 8.12% by the end of the
forecast period. The European market is expected to register a sturdy growth
rate during the forecast period due to major driving factors such as rising
patient population of strokes and cardiovascular disorders, increasing research
on ultrasound, and availability of advanced treatment facilities amongst
others. For instance, according to the 2017 statistics presented by the
European Society of Cardiology, there were more than 6 million new cases of
cardiovascular diseases in the European Union and more than 11 million in
Europe as a whole.
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