High Prevalence of CVD, Cancer to Underscore Growth in Medical Image Analysis Software Market: TMR

High Prevalence of CVD, Cancer to Underscore Growth in Medical Image Analysis Software Market: TMR

PR Newswire

ALBANY, New York, July 7, 2020

- Increase in incidence of chronic illnesses and rapidly ageing global population are leading to growth in the global medical image analysis software market

- Cardiology, 3D segments – under applications and imaging type categories, respectively - would contribute immensely to market growth

- North America and Europe to account for sizeable market share

ALBANY, New York, July 7, 2020 /PRNewswire/ -- The global medical image analysis software market will witness growth at the rate of 8.1%, compounded annually over the period 2019 to 2027. This will lead to increase in market worth from USD 2.91 billion in 2018 to USD 5.87 billion by the end of the forecast period. The growth will be an outcome of a number of trends and drivers, propelling the market forward.

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As per Transparency Market Research, "The world is witnessing increased participation in sports activities, and increase in number of aged people. Both factors are set to be massive growth propellers over the forecast period."

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Key Findings of Global Medical Image Analysis Software Market:

For a detailed analysis of global medical image analysis software market by software type, modality, imaging type, application and end-user, visit TOC https://www.transparencymarketresearch.com/report-toc/56946

Key Drivers of Growth in Global Medical Image Analysis Software Market:

A number of significant trends are anticipated to push the global medical image analysis software market over a high growth trajectory. A glimpse into these, coupled with some prominent growth factors is provided below:

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Regional Analysis of Global Medical Image Analysis Software Market:

Analyze global medical image analysis software market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=56946

Competitive Landscape of Global Medical Image Analysis Software Market:

The vendor landscape of global medical image analysis software market is competitive owing to presence of a large number of proactive players. Top players in the market include GE Healthcare, Siemens Healthineers, Agfa-Gevaert N.V., Hologic Inc., Pie Medical Imaging, Media Cybernetics, Inc., AQUILAB, MIM Software Inc., Merge Healthcare Incorporated., and ScienceSoft USA Corporation, among others.

The global medical image analysis software market has been segmented as follows:

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

Magnetic Resonance Imaging Market: The global magnetic resonance imaging market was valued at US$ 5,900 Mn in 2017 and is projected to expand at a CAGR of 5.2% from 2018 to 2026, in terms of device type, the high-field MRI (1.5T - 3.0T) segment is estimated to dominate the market

CT Scanners Market: The CT scanners market is projected to experience substantial growth during the forecast period of 2017-2022 with escalating COVID-19 cases and the growing geriatric population being the main factors. A CT scan allows medical practitioners to get an internal view of the body without dissection.

Medical Imaging Equipment Services Market: Emergence of Hospital centric business model favoring long term partnerships, which is improving technological upgrades in service offerings is a major factor that is estimated to fuel the growth of medical imaging equipment services market by the end of 2025.

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