Medical Image Management Market to Hit 7.7% CAGR, Projected to Reach US$ 4.40 Billion in 2023

ReportsnReports adds Prominent players offering medical image management products include McKesson Corporation (US), GE Healthcare (US), Fujifilm Holdings Corporation (Japan), Merge Healthcare Inc. (US), Agfa-Gevaert Group (Belgium), Philips Healthcare (Netherlands), Siemens Healthineers (Germany), Carestream Health, Inc. (US), BridgeHead Software (UK), Novarad Corporation (US), Mach7 Technologies Ltd. (US), and INFINITT Healthcare Co., Ltd. (South Korea).

Browse 246 Market Data Tables and 39 Figures spread through 223 Pages and in-depth TOC on “Medical Image Management Market by Product (PACS (Departmental, Radiology, Mammography, Cardiology, Enterprise), VNA (On-premise, Hybrid, Cloud), AICA, Universal Viewer), End User (Hospitals, Diagnostic Imaging Centers, ASC, CRO) – Global Forecast to 2023”

The global medical image management market is projected to reach USD 4.40 billion in 2023 from USD 3.04 billion in 2018 at a CAGR of 7.7% during the forecast period. Growth in this market is mainly driven by the technological advancements in diagnostic imaging modalities and image management software.

Growing investments in the medical imaging market, government initiatives to encourage EMR adoption, increasing usage of imaging equipment, growing adoption of image management systems by small hospitals and imaging centers, and rapidly growing big data in healthcare.

The report provides an overview of the medical image management market. It aims at estimating the market size and growth potential of this market across different segments such as product, end user, and region.

The study estimates the medical image management market size for 2018 and projects its demand till 2023. In the primary research process, various sources from both demand and supply sides were interviewed to obtain qualitative and quantitative information for the report.

Target Audience for this Report:

  • Medical image management software providers
  • Diagnostic imaging equipment vendors/service providers
  • Standalone image management software/workstation providers
  • Healthcare IT service providers
  • Research and consulting firms
  • Diagnostic imaging centers
  • Hospitals
  • Venture capitalists
  • Government agencies
  • Market research and consulting firms

North America is expected to account for the largest share of medical image management market followed by Europe. However, Asia is expected to grow at the highest CAGR during the forecast period. Factors such as the increase in the geriatric population, growing number of imaging centers in this region, increasing research activities, rapid adoption of imaging systems.

The dominance of North American market is attributed to factors like large number of imaging centers in this region, ongoing research activities, and rapid adoption of technologically advanced imaging systems. While the medical image management market represents significant growth opportunities, market growth may be hindered due to high implementation and maintenance costs of these solutions, budgetary constraints, & longer product life cycle of VNA.

The primary interviews conducted for this report can be categorized as follows:

  • By Company Type: Tier 1 – 44%; Tier 2 -36%; Tier 3 – 20%.
  • By Designation: C-level- 22%; D-level- 28%; others–50%.
  • By Region: North America-35%; Europe-26%; Asia-33%; RoW-6%.

The development was reported by prnewswire.co.in

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