Technavio, a tech-focused market research firm, has published a new report on the global medical imaging software market, which is expected to grow at a CAGR of close to 7% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global medical imaging software market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global medical imaging software market are elaborated below:
Medical imaging software market in the Americas: The increased revenue from the key players in the region, such as GE Healthcare and Siemens Healthcare is the fundamental driving force behind the growth of the medical imaging software market in the Americas. The US is a major revenue contributor toward the medical imaging software market in the Americas owing to better medical infrastructure and knowledge about technological advances in the country.
According to Ishmeet Kaur, a lead analyst at Technavio, specializing in research on enterprise application, “PET/CT scanners are replacing standalone PET scanners in the Americas. According to CDC reports, close to four million births were observed in the US during 2015, and is anticipated to increase further during the forecast period.”
Medical imaging software market in EMEA: Technological developments are anticipated to drive the growth of the medical imaging software market in EMEA. Europe contributes to the highest revenue in the medical imaging software market in this region owing to factors such as aging population, increased prevalence of diseases, and continuous development in technologies. The growing prevalence of chronic conditions, such as lung diseases, breast cancer, and spinal disorders is expected to propel the demand for medical imaging software in the region during the forecast period.
Medical imaging software market in APAC: Factors such as the aging population, the rise in the number of diseases, and advances in medical imaging systems are the driving forces behind growth of the medical imaging software market in APAC. Emerging markets such as Japan, China, South Korea, India, and Malaysia are expected to contribute significantly toward the growth of the market significantly during the forecast period.
The leading vendors operating in the global medical imaging software market are:
- Agfa-Gevaert
- Carestream Health
- Esaote
- GE Healthcare
- Siemens Healthineers
- Toshiba Medical Systems
Other prominent vendors in the market include 20/20 imaging, Anatomage, IBA Dosimetry, iCRco, IMAGE Information Systems, INDEC BioSystems, Materialise, Meddiff Technologies, Mediso, MeVis, NEC, Neusoft Medical Systems, NOVARAD, PerkinElmer, Philips, SCANCO Medical, SOREDEX, Spintech Oceania, Sun Nuclear, Terarecon, Varian Medical Systems, and Xoran Technologies LLC.
A more detailed analysis is available in the Technavio report titled, ‘Global Medical Imaging Software Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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