PUBLISHER: The Business Research Company | PRODUCT CODE: 1650603
PUBLISHER: The Business Research Company | PRODUCT CODE: 1650603
Medical image analysis software refers to software designed for the quantitative analysis and visualization of medical images obtained from various modalities, including PET, MRI, CT, and microscopy.
The primary types of medical image analysis software include integrated software and standalone software. Integrated software is a suite of programs specifically crafted to function seamlessly together. Imaging can be categorized into 2D, 3D, and 4D images, while modalities encompass tomography, ultrasound imaging, radiographic imaging, x-ray imaging, MRI, and others. The software finds applications in diverse medical fields such as orthopedics, dental applications, neurology, cardiology, oncology, obstetrics and gynecology, mammography, and more. These applications are utilized in hospitals, diagnostic centers, research facilities, and various other end-user settings.
The medical image analysis software market research report is one of a series of new reports from The Business Research Company that provides medical image analysis software market market statistics, including global medical image analysis software market industry size, regional shares, competitors with a medical image analysis market share, detailed medical image analysis market segments, medical image analysis market trends and opportunities, and any further data you may need to thrive in the medical image analysis industry. This medical image analysis market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The medical image analysis software market size has grown rapidly in recent years. It will grow from $4.08 billion in 2024 to $4.5 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to aging population, rise in healthcare costs, patient-centric care, global health preparedness, clinical research and trials.
The medical image analysis software market size is expected to see rapid growth in the next few years. It will grow to $6.65 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to precision medicine, disease diagnosis and monitoring, minimizing interpretation errors, remote image analysis services, quantitative imaging biomarkers. Major trends in the forecast period include 3D and 4d imaging, sustainable imaging solutions, artificial intelligence (ai)-enhanced automation, data security and privacy, advancements in medical imaging.
The growth of the medical image analysis software market is anticipated to be propelled by an increase in the incidence of chronic diseases. Chronic diseases are prolonged conditions lasting three months or more, with the potential to worsen over time. Medical imaging facilitates the early detection of diseases like cancer and diabetes, leading to improved patient outcomes. The ability to diagnose and treat diseases at an early stage is transformative, making this advanced technology truly life-changing. According to the National Center for Biotechnology Information (NCBI), the global population with chronic diseases is projected to reach 142.66 million by 2050, up from 71.522 million in 2020. Thus, the escalating prevalence of chronic diseases is a driving force behind the growth of the medical image analysis software market.
The growth of telehealth and telemedicine is anticipated to significantly boost the medical image analysis software market in the coming years. Telehealth encompasses the use of telecommunications technology to deliver a variety of healthcare services and information remotely, while telemedicine specifically refers to remote clinical consultations and healthcare delivery. These virtual healthcare practices produce a considerable volume of medical images, and medical image analysis software is essential for interpreting these images, facilitating quick and accurate diagnoses, particularly in remote or underserved regions. The incorporation of artificial intelligence enhances automated image analysis, minimizes geographical barriers, and aids in streamlining virtual consultations. For example, in October 2022, the Centers for Disease Control and Prevention, a US government agency, reported that 37.0% of adults utilized telemedicine in the preceding 12 months in 2021. Consequently, the rise in telehealth and telemedicine is fueling the growth of the medical image analysis software market.
Product innovation is a prominent trend in the medical image analysis software market. Major companies in this sector are concentrating on developing technologically advanced software solutions to bolster their market positions. For example, Koninklijke Philips N.V., a Netherlands-based conglomerate corporation, introduced new cloud-enabled enterprise imaging informatics and analytics solutions in March 2022. These offerings, part of Philips' Data Management and Interoperability Solutions portfolio, aim to enhance workflow efficiency and improve patient and staff satisfaction. HealthSuite Interoperability is a cloud-enabled health IT platform that connects third-party systems and streamlines data workflows, supporting various data types and formats. It improves care planning and coordination by providing clinical and operational analytics. Furthermore, Philips' Enterprise Performance Analytics - Performance Bridge now extends its deep analytics beyond radiology to cardiology, offering operational insights and enhancing effectiveness in care delivery.
Major companies operating in the medical image analysis software market are incorporating Ai into their products to gain a competitive edge in the market. For instance, in February 2024, Visage Imaging, a US-based provider of enterprise imaging solutions, launched the Visage Ease VP imaging platform. Visage provides cloud-based, AI-powered enterprise imaging software, including Visage 7, Visage Ease, and Visage Ease Pro, enabling users to view diagnostic images and collaborate with colleagues. The company claims its solutions enhance radiologists' readings and streamline workflow. With Visage Ease VP, users can leverage Apple's Vision Pro to view diagnostic images in a virtual, spatial environment. This platform builds on Visage Ease technology, incorporating a cinematic rendering engine for an immersive experience. It uses natural, intuitive inputs like eye, hand, and voice navigation to offer an enriched imaging experience for the end-user.
In February 2024, Deepc, a Germany-based provider of radiology AI solutions, acquired Osimis for an undisclosed amount. Following the acquisition, Deepc revealed that incorporating the Osimis imaging system into DeepcOS will lead to more streamlined workflows, allowing users of both systems to seamlessly transfer information between different applications. Osimis is a Belgium-based provider of medical image analysis software.
Major companies operating in the medical image analysis software market include Aquilab SAS, Carestream Health Inc., Esaote S.p.A, GE HealthCare Technologies Inc., Image Analysis Group, INFINITT Healthcare Co. Ltd., Merge Healthcare Inc., MIM Software Inc., Mirada Medical Limited, Philips Healthcare, ScienceSoft USA Corporation, Siemens AG, Toshiba Medical Systems Corporation, Xinapse Systems Ltd., AGFA Healthcare, Aktien-Gesellschaft fur Anilin-Fabrikation Group, Aidoc Medical, Arterys Inc., Blackford Analysis Ltd., Butterfly Network Inc., Canon Medical Systems Corp., ContextVision AB, Fujifilm Medical Systems Corp., Hologic Inc., Life Image Inc., Mirai Medical Co., Nines Radiology inc., PathAI Inc., Pie Medical Imaging BV, Quibim, Riverain Technologies, Sectra AB, Spintech Holdings inc., Subtle Medical Inc.
North America was the largest region in the medical image analysis software market in 2024. The regions covered in the medical image analysis software market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the medical image analysis software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The medical image analysis software market consists of the sales of image analysis software and hardware. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Medical Image Analysis Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on medical image analysis software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for medical image analysis software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medical image analysis software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.