Medical Image Analysis Software - Increasing Use of Imaging Equipment Owing to Rising Prevalence of Diseases - Market to Reach Over USD 5.97 Billion in 2028

Vantage Market Research

Jan 16, 2022

Increasing Incidence of Chronic Diseases to Thrive Market

In the past few decades, the disease prevalence is increasing at an unprecedented level. The market is mainly driven by the factors such as technological advancements in medical imaging systems & analysis software, increasing use of medical image analysis software owing to increasing chronic diseases prevalence, and fusion of imaging technologies. Moreover, growing investments in medical imaging and growing applications of computer-aided diagnosis are anticipated to boost the Medical Image Analysis Software Market growth over the forecast period.

According to World Health Organization (WHO), About 422 million people worldwide are suffering from diabetes. Between the years 2000 and 2016, there was a 5% increase in premature mortality from diabetes. Also, in 2019, owing to diabetes 1.5 million death were caused which made diabetes the ninth leading cause of death for the year.

According to the Centers for Disease Control and Prevention (CDC), In the United States, about 34.2 million people are suffering from diabetes. Whereas 26.9 million people were diagnosed inclusive of 26.8 million adults, on the other hand, 7.3 million people were undiagnosed which holds around 21.4% of the share of the total count. Thus, the increasing prevalence of chronic diseases is anticipated to surge the demand for medical image analysis software further propelling the market growth.

What Will Be the Market By 2028?

Our report on Medical Image Analysis Software Market has covered the study of the latest development and investment in the market. Additionally, the report covers the value chain analysis, regulatory analysis, market attractiveness analysis, and Porter’s five forces analysis, for medical image analysis software. Furthermore, our report includes market drivers, restraints, and opportunities along with COVID-19 impact analysis, historical & descriptive analysis, forecasts & predictive analysis.

The global Medical Image Analysis Software Market is expected to reach over in 2028 at CAGR of .

Some of the key players in the Medical Image Analysis Software Market include - AQUILAB (France), AGFA Healthcare (Belgium), Carestream Health, Inc. (US), Esaote S.p.A (Italy), INFINITT Healthcare Co, Ltd. (South Korea), GE Healthcare (US), Image Analysis (UK), MIM Software Inc. (US), Merge Healthcare, Inc. (US).

North America is projected to hold a substantial share of the Medical Image Analysis Software Market. The growth in this region is attributed to factors such as favorable government initiatives to support the adoption of healthcare IT, and the presence of well-established healthcare facilities with advanced diagnostic equipment.

is anticipated to grow at the fastest compound annual growth rate (CAGR) over the forecast period owing to the presence of emerging economies and the presence of a large base of population. Moreover, the adoption of medical image analysis software by healthcare professionals is increasing swiftly. This in turn is further anticipated to drive the Medical Image Analysis Software Market in the region over the forecast period.