PUBLISHER: The Business Research Company | PRODUCT CODE: 1659230
PUBLISHER: The Business Research Company | PRODUCT CODE: 1659230
Medical imaging systems leverage diverse technologies such as ultrasound, MRI, and electromagnetic radiation to facilitate diagnostic interpretation. Post-processing in digital imagery aims to augment the analysis of medical images, aiding professionals in their assessments. Surgeons and radiologists employ imaging displays and specialized software to review and analyze images from techniques like CT and MRI, aiding in surgical procedures.
In the realm of medical imaging, specialized displays and software play a pivotal role. These displays are instrumental during surgeries, facilitating the processing, storage, and presentation of medical images. They enable professionals to examine images generated by various modalities, including x-ray, CT, ultrasound, MRI, SPECT, and PET. Moreover, these technologies offer a range of image types-2D, 3D, and 4D-that find application across medical, commercial, and academic domains.
The medical imaging displays and post processing software market research report is one of a series of new reports from The Business Research Company that provides medical imaging displays and post processing software market statistics, including medical imaging displays and post processing software industry global market size, regional shares, competitors with a medical imaging displays and post processing software market share, detailed medical imaging displays and post processing software market segments, market trends and opportunities, and any further data you may need to thrive in the medical imaging displays and post processing software industry. This medical imaging displays and post processing software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The medical imaging displays and post processing software market size has grown rapidly in recent years. It will grow from $5.66 billion in 2024 to $6.46 billion in 2025 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to growing incidence of chronic diseases, rise in diagnostic imaging procedures, increased focus on patient-centric care, need for precision medicine, increasing aging population, digitalization of healthcare.
The medical imaging displays and post processing software market size is expected to see rapid growth in the next few years. It will grow to $11.51 billion in 2029 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to focus on diagnostic accuracy, enhanced user interfaces and workflow efficiency, global health emergencies, personalized medicine approaches, interoperability with health information systems. Major trends in the forecast period include advancements in display technology, transition to high-resolution 3d imaging, integration of artificial intelligence, mobile medical imaging displays, remote viewing and teleradiology, color calibration and consistency, cross-platform compatibility.
The increasing digitization of medical imaging is anticipated to drive the growth of the medical imaging displays and post-processing software market. Digitization refers to the process of converting analog signals or information into a digital format that can be interpreted by computer systems or other electronic devices. Medical imaging displays and post-processing software enable the transformation of vast amounts of data into actionable insights, leading to more accurate diagnoses, personalized treatments, and improved patient satisfaction. For example, according to the United Kingdom's National Health Service (NHS), a UK government department, there were 43.8 million imaging tests reported in England during the 12 months from June 2021 to May 2022, with 3.65 million imaging tests recorded in May 2022 alone. Consequently, the significant adoption of digitization in medical imaging is fueling the growth of the medical imaging displays and post-processing software market.
The growing demand for healthcare services is anticipated to propel the expansion of the market for medical imaging displays and post-processing software. As healthcare services continue to evolve and broaden, there's an increased need for advanced and precise medical imaging technologies. For instance, statistics from the 2022 State of Healthcare Industry in the US illustrate that healthcare accounts for over 26% of the country's GDP, highlighting the immense demand. Consequently, this surge in healthcare services is a significant driver of the medical imaging displays and post-processing software market.
Leading companies in the medical imaging displays and post-processing software market are concentrating on developing advanced diagnostic monitors to improve image clarity, accuracy, and overall diagnostic capabilities. Diagnostic monitors are specialized display devices used in medical environments for precise visualization and interpretation of medical images. For example, in May 2023, LG Electronics, a South Korea-based electronics manufacturer, introduced the 31.5-inch IPS Black diagnostic monitor (model 32HQ713D). This monitor boasts an impressive 8MP resolution and a brightness level of 1000 cd/m2, making it specifically designed for medical imaging applications and delivering enhanced clarity and detail that are crucial for diagnostic purposes.
Key players in the medical imaging displays and post-processing software market are focusing on product innovations like medical imaging monitors to maintain their competitive edge. These monitors play a crucial role in healthcare, enabling practitioners to review and evaluate medical images for accurate diagnoses and treatments. For example, in June 2022, JVC unveiled the CL-R813, a 32-inch medical imaging monitor with features like an 8-megapixel display for various applications, a slim design with a narrow bezel, a built-in sensor, and DisplayPort Daisy Chains. This single device consolidates multiple medical monitors, enhancing productivity, reducing strain on doctors reviewing diagnostic images, and optimizing workspace efficiency.
In February 2023, Bayer, a pharmaceutical company based in Germany, acquired Blackford Analysis Ltd. for an undisclosed amount. This acquisition aims to strengthen Bayer's position in digital medical imaging and promote innovation in radiology by integrating AI technologies into clinical workflows. Blackford Analysis Ltd. is a Scotland-based company that specializes in providing AI-driven solutions for radiology.
Major companies operating in the medical imaging displays and post processing software market are Carestream Health, Esaote SpA, General Electric Company, Softneta, mediCAD Hectec GmbH, Siemens Medical Solutions USA Inc., Hitachi Ltd., Koninklijke Philips NV, Shimadzu Corporation, 3dMD, Alma Medical Imaging, Barco NV, EDDA Technology Inc., Hologic Inc., MEDIAN Technologies, Nemotec Medical Imaging Inc., Owandy Radiology, Emedica Health Inc., Medecom Medical Systems Inc., Vieworks Co. Ltd., Planmed Oy, Accuray Incorporated, Agfa Healthcare NV, Canon Medical Systems Corporation, Fujifilm Holdings Corporation, Merge Healthcare Inc., Sectra AB, Toshiba Medical Systems Corporation, Vital Images Inc., NEC Corporation
North America was the largest region in the medical imaging displays and post processing software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical imaging displays and post processing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the medical imaging displays and post processing software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The medical imaging displays and post-processing software market includes revenues earned by entities by CAD Software and 3D CAD software. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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 Imaging Displays And Post Processing 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 imaging displays and post processing 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 imaging displays and post processing 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 imaging displays and post processing 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.