Pune, India -- (SBWIRE) -- 04/23/2019 -- The latest report on Medical Image Analysis Software Market by Infinium Global Research gives complete coverage of the medical image analysis software market by software type (standalone and integrated software), image type (4D, 3Dand 2D imaging), modality (combined modalities, magnetic MRI), application(orthopedic and neurology applications), end user (diagnostic and hospitals centers) in terms of key trends, market size, forecast and CAGR growth over the period of 2017 to 2023. In addition, the study covers deep dive into key product and applications trends in the regional markets of medical image analysis software such as North America, Europe, Asia-Pacific and Latin America over the short run and long run. According to the report the Medical Image Analysis Software Market is expected to grow at a CAGR of 7.7% over the forecast period 2017-2023.

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Medical Image Analysis Software Market: Insight

The data accuracy is the most important concern for the healthcare sector. The diagnosis is done by using the collected data which is responsible to fix the patients course of treatment. The medical image analysis software is to read and store the clinical data in a very efficient manner. The demand for medical image analysis software in various fields such as cardiology, orthopedics, oncology, urology, neurology and other is rising rapidly. The factors such as the increased occurrence of chronic diseases and the technological advancements in the medical imagining are driving the market of medical image analysis software.

Medical Image Analysis Software Market: Segmentation

In addition, growing healthcare infrastructure, rising government support, introduction new and advanced technologies such as 3D, 4D, ultrasonic and so on is expected to boost the growth of over the forecast period. However, the adoption of the medical image analysis software is slow in the emerging regions and the setup cost associated with medical image analysis is high which is expected to restrain the market growth in upcoming years. Moreover, ongoing research on radiology technology and the increasing awareness of chronic diseases among the population is projected to create more opportunities in the upcoming years.

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Medical Image Analysis Software Market: Regional Analysis

Geographically, North America is expected to hold the largest share due to the high generic population and the adoption of medical image analysis software owing to the huge presence of medical imagining centers. The Asia-pacific is expected to be the fastest growing region in the market.

The vigorous completion among the leading player is likely to boost the growth in the market. Collaboration and acquisition are the key strategies among the leading player to maintain their position and brand image in the market. For instance, in 2017 Israeli medical imaging analysis software company Dia Imaging Analysis has signed a multi-year, non-exclusive licensing and professional services agreement with GE Healthcare.

Report Findings

Drivers

- Technological Advancements in Medical Imaging Systems and Analysis Software

- Increasing Public- and Private-Sector Investments, Fast Growth in Aging Population

- Fusion of Imaging Technologies

- Growing Applications of Computer-Aided Diagnosis (CAD).

Restraints

- High Cost of Medical Image Analysis Software

- Hacking-Related Dangers related With the Use of Imaging Equipment and Software

Opportunities

- Automated Image Analysis

- Cloud-Based Image Analysis system

- Emerging markets

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