Global Medical Image Analytics Market: 2017-2025

  • ID: 4413486
  • Report
  • Region: Global
  • 402 pages
  • BIS Research
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Global Medical Image Analytics Market to Reach $4.26 Billion by 2025

FEATURED COMPANIES

  • Agfa Healthcare NV
  • Canon, Inc.
  • General Electric
  • Intrasense
  • Neusoft Corporation
  • Product Mapping
  • MORE

Global Medical Image Analytics Market - Analysis and Forecast (2017-2025) Focus on Products (Standalone Software, Integrated Software), Applications (Cardiology, Neurology, Oncology, Obstetrics & Gynaecology and others), Imaging Modalities (Mammography, CT, MRI, Combined Modality, Ultrasound, Radiographic X-Ray, End Users (Hospitals, Diagnostic Centres and Others), Country Analysis, Patent Analysis, Market Share Analysis and Competitive Landscape

The medical image analytics is the science of solving and analyzing medical problems based on different imaging modalities such mammography, MRI, computed tomography (CT) and ultrasound, radiography X-Ray and combined modality, among others. Further, the primary purpose of medical image analysis is the extraction of meaningful information to support disease diagnosis and therapy.

The software plays a vital role in medical image analytics. It is a program designed to perform specific task. It helps in analytics and interpretation of large volume of medical data and images. A very vital function that medical software performs after the image has been acquired in digital form is the analysis of the acquired image to extract medically or clinically relevant information for diagnosis and treatment planning. Software capable of performing these functions are known as medical image analytics software. These software can be a general purpose or designed for a specific medical application. The general purpose software can perform regular image processing application like segmentation, contouring and thresholding to make the region of interest more prominent and obvious as compared to the surrounding regions.

However, the medical image analytics software for specific applications are designed to perform detailed analysis of specific organs or organ systems as per the requirements of medical diagnosis. Such applications have been developed for cardiovascular system including the heart, for central and peripheral nervous system including the brain, for orthopedic and musculoskeletal systems, for nephrology, oncology and many other medical fields.

This research study includes an extensive analysis of the global medical image analytics market, by product, imaging modalities, application, end-user and geographical regions, allowing the researcher to develop a comprehensive outlook of the market. Each of these segments have been analyzed on the basis of their current and future market size, considering the macro and micro environmental factors.

The market report presents a detailed and investigative study of the entire market and provides a comprehensive insight into various forms of developments, trends and the key market participants. While highlighting the key driving and restraining forces for this dynamic market, the report also provides a comprehensive section on competitive landscape, market share analysis, competitive benchmarking, and the position of the competitors within the global medical image analytics market.

The following key questions have been addressed in the report:

  • What are the major market drivers, challenges and opportunities of the global medical image analytics market?
  • How the medical image analytics evolve and what is its scope in the future?
  • What were the market shares of the leading segments and sub-segments of the global medical image analytics market in 2016 and what will be the shares in 2025?
  • How will each segment of the global medical image analytics market grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2025?
  • How the market share of the leading companies changed in 2016 and which country will lead the market in 2017?
  • How will the industry evolve during the forecast period between 2017 and 2025?
  • What are the key developmental strategies implemented by the key players to stand out in this market?
  • How the market has been segmented on the basis of product, imaging modality, application, end-user and region?
  • Which product, imaging modality, application and end-user will dominate the global medical image analytics market by the end of the forecast period and which one will be growing at the highest CAGR during the forecast period 2017-2025?
  • What will be the growth rate of different segments during the forecast period? Which is the leading segment by product, imaging modality, application, end-user and region?
  • Who are the key players for the medical image analytics market?
  • Which geographical region will lead the global medical image analytics market by the end of the forecast period?
  • Which country is expected to grow at the highest CAGR during the forecast period?

The key players which have significant contributions to the medical image analytics market are Siemens Healthineers, GE Healthcare, Hologic Inc., Toshiba Medical Corporation, Agfa Healthcare, Infinitt Healthcare, Media Cybernetics, MIM Software Inc., Philips Healthcare, Carestream Health, Aquilab, Hologic Inc., Neusoft Medical, Mirada Medical Ltd. and Dentsply Sirona, among others.

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FEATURED COMPANIES

  • Agfa Healthcare NV
  • Canon, Inc.
  • General Electric
  • Intrasense
  • Neusoft Corporation
  • Product Mapping
  • MORE

Executive Summary

1 Report Scope and Methodology
1.1. Scope of the Report
1.2. Global Medical Image Analytics Market Segmentation
1.3 Key Learnings
1.4 Research Methodology
1.4.1. Data Triangulation
1.4.2. Key Data Points from Secondary Sources
1.4.3. Secondary Data Sources
1.4.4. Key Data Points From Primary Sources
1.4.5. Top-Down  Approach (Segmental Analysis)
1.4.6. Bottom-Up Approach (Segmental Analysis)
1.4.7. Assumptions and Limitations
1.4.8 Data and Prediction Modelling

2 Market Overview
2.1 Overview
2.2 Important Facts
2.3 Model of Radiologists
2.4 Significance of Information Provided by Software to Healthcare Decisions 
2.5 Role of Software in Medical Imaging

3 Market Dynamics
3.1 Overview
3.2 Impact Analysis of Market Drivers
3.3 Market Drivers
3.4 Impact Analysis of Market Restraints
3.5 Market Restraints
3.6 Market Opportunities

4 Competitive Landscape
4.1. Key Development and Strategies
4.1.1 New Product Launches and Developments
4.1.2 Approvals and Certifications
4.1.3 Business Expansions/Contracts
4.1.4 Collaborations, Joint Ventures and Partnerships
4.1.5 Mergers & Acquisitions
4.1.6 Others
4.2. Legal Requirements and Regulations
4.3 Industry Attractiveness
4.4 Value Chain Analysis
4.5 Market Share Analysis

5 Industry Analysis
5.1 Patent Landscape
5.2.  Consortiums, Associations, and Regulatory Bodies

6 Global Medical Image Analytics Market by Product
6.1 Overview
6.2 Standalone Software
6.3 Integrated Software

7 Global Medical Image Analytics Market by Imaging Type (Qualitative)
7.1 Overview
7.2 2D Imaging
7.3 3D Imaging
7.4 4D Imaging

8 Global Medical Image Analytics Market by Imaging Modality
8.1 Overview
8.2 Mammography
8.3 Computed Tomography
8.4 Magnetic Resonance Imaging
8.5 Combined Modalities
8.6 Ultrasound
8.7 Others

9 Global Medical Image Analytics Market by Application
9.1 Overview
9.2 Cardiology
9.3 Oncology
9.4 Neurology
9.5 Dental
9.6 Obstetrics & Gynecology
9.7 Others

10 Global Medical Image Analytics Market by End User
10.1 Overview
10.2 Hospitals
10.3 Diagnostics Imaging Centers
10.4 Others

11 Global Medical Image Analytics Market by Region
11.1 Overview
11.2 North America
11.2.1  Overview
11.2.2 The U.S.
11.2.3 Canada
11.3 Europe
11.3.1 Overview
11.3.2 Germany
11.3.3 The U.K.
11.3.4 France
11.3.5 Italy
11.3.6  Spain
11.3.7 The Netherlands
11.3.8 Belgium
11.3.9 Turkey
11.3.10 Russia
11.3.11 Rest of Europe
11.4 Asia-Pacific
11.4.1 Asia-Pacific by Country
11.4.2 China
11.4.3 Japan
11.4.4 India
11.4.5 South Korea
11.4.6 Australia
11.4.7 Malaysia
11.4.8 Indonesia
11.4.9 Rest of Asia-Pacific
11.5 Latin America
11.5.1 Overview
11.5.2 Brazil
11.5.3 Mexico
11.5.4 Rest of Latin America
11.6 Rest of World
11.6.1 Overview
11.6.2 Kingdom of Saudi Arabia
11.6.3 UAE
11.6.4 Israel
11.6.5 South Africa
11.6.6 Qatar
11.6.7 Rest of RoW

12 Company Profile
12.1 Agfa Healthcare NV
12.1.1 Overview
12.1 Agfa-Gevaert NV
12.1.2 Overview
12.1.3 Product Mapping
12.1.4 Financials
12.1.4.1 Financial Summary
12.1.5 SWOT Analysis
12.2 Arterys Inc.
12.2.1 Overview
12.2.2 Product Mapping
12.2.3 Overall Summary
12.2.4 SWOT Analysis
12.3 Aquilab
12.3.1 Overview
12.3.2 Product Mapping
12.3.3 Overall Summary
12.3.4 SWOT Analysis
12.4 Carestream Health
12.4.1 Overview
12.4.2 Product Mapping
12.4.3 Overall Summary
12.4.4 SWOT Analysis
12.5 Dentsply Sirona
12.5.1 Overview
12.5.2 Product Mapping
12.5.3 Financials
12.5.3.1 Financial Summary
12.5.4 SWOT Analysis
12.6 Esaote
12.6.1 Overview
12.6.2 Product Mapping
12.6.3 Overall Summary
12.6.4 SWOT Analysis
12.7 GE Healthcare
12.7.1 Overview
12.7 General Electric
12.7.2 Overview
12.7.3 Product Mapping
12.7.4  Financials
12.7.4.1 Financial Summary
12.7.5 SWOT Analysis
12.8 Hologic Inc.
12.8.1 Overview
12.8.2 Product Mapping
12.8.3 Financials
12.8.3.1 Financial Summary
12.8.4 SWOT Analysis
12.9 Infinitt Healthcare
12.9.1 Overview
12.9.2 Product Mapping
12.9.3 Overall Summary
12.9.4 SWOT Analysis
12.10 Media cybernetics
12.10.1 Overview
12.10 Roper Technologies
12.10.2 Overview
12.10.3 Product Mapping
12.10.4 Financials
12.10.4.1 Financial Summary
12.10.5 SWOT Analysis
12.11 Merge Healthcare Inc.
12.11.1 Overview
12.11 IBM Corporation
12.11.2 Overview
12.11.3 Product Mapping
12.11.4 Financials
12.11.4.1 Financial Summary
12.11.5 SWOT Analysis
12.12 Mirada Medical Ltd.
12.12.1 Overview
12.12.2 Product Mapping
12.12.3 Overall Summary
12.12.4 SWOT Analysis
12.13 MIM Software Inc.
12.13.1 Overview
12.13.2 Product Mapping
12.13.3 Overall Summary
12.13.4 SWOT Analysis
12.14 Neusoft Medical
12.14.1 Overview
12.14 Neusoft Corporation
12.14.2 Overview
12.14.3 Product Mapping
12.14.4 Financials
12.14.5 SWOT Analysis
12.15 Philips Group
12.15.1 Overview
12.15.2 Product Mapping
12.15.3 Financials
12.15.3.1 Financial Summary
12.15.4 SWOT Analysis
12.16 Siemens Healthineers
12.16.1 Overview
12.16 Siemens
12.16.2 Overview
12.16.3 Product Mapping
12.16.4 Financials
12.16.4.1 Finacial Summary
12.16.5 SWOT Analysis
12.17 Toshiba Medical Corporation
12.17.1 Overview
12.17 Canon, Inc.
12.17.2 Overview
12.17.3 Product Mapping
12.17.4 Financials
12.17.4.1  Financial Summary
12.17.5 SWOT Analysis
12.18 Bruker Corporation
12.19 Circle Cardiovascular Imaging Inc.
12.20 Image Analysis
12.21 Intrasense
12.22 Medis Medical Imaging Systems BV
12.23 MeVis Medical Solutions AG
12.24 Parascript LLC
12.25 ScienceSoft USA Corporation
12.26 Soredex
12.27 Xinapse

List of Tables
1 Imaging Scans Volume Data (million units)
2 Impact Analysis of Market Drivers
3 Impact Analysis of Market Restraints
4 Recent Product Launches and Developments
5 Approvals & Certifications
6 Business Expansions/Contracts
7 Collaborations, Joint Ventures & Partnerships
8 Mergers and Acquisitions
9 Others Strategies
10 Software as Medical Device (SaMD) Classification
11 Patent Landscape
12 Consortium, Association & Regulatory Bodies
13 Difference Between 2D and 3D Images
14 Some of the Mammography Image Analysis Software Solutions 
15 Some of the CT Image Analysis Software Solutions
16 Some of the MRI Image Analysis Software Solutions
17 Some of the PET Image Analysis Software Solutions
18 Cardiology Image Analytics Software & Developers 
19 Oncology Image Analytics Software & Developers 
20 Neurology Image Analytics Software & Developers 
21 Dental Image Analytics Software & Developers
22 Obstetrics & Gynecology Image Analytics Software & Developers
23 Orthopedics Image Analytics Software & Developers
24 Total Number of Hospitals  
25 Deaths due to Cardiovascular Disease in Europe
26 Mortality Rate of Cardiovascular Diseases per 1,00,000 in China
27 Overview: Agfa Healthcare NV
28 Overview: Agfa Gevaert NV
29 Overview: Arterys Inc.
30 Overview: Aquilab
31 Overview: Carestream Health
32 Overview: Esaote
33 Overview: GE Healthcare
34 Overview:  General Electric
35 Overview: Hologic Inc.
36 Overview: Infinitt Healthcare
37 Overview: Media Cybernetics
38 Overview:  Roper Technologies
39 Overview: Merge Healthcare Inc.
40 Overview: IBM Corporation
41 Overview: Mirada Medical Ltd.
42 Overview:  MIM Software Inc.
43 Overview: Neusoft Medical
44 Overview: Neusoft Corporation
45 Overview: Philips Group
46 Overview: Siemens Healthineers
47 Overview: Siemens
48 Overview: Toshiba Medical Corporation
49 Overview: Canon Inc.
50 Overview: Bruker Corporation
51 Overview: Circle Cardiovascular Imaging Inc.
52 Overview: Image Analysis
53 Overview: Intrasense
54 Overview: Medis Medical Imaging Systems BV
55 Overview: Mevis Medical Solutions AG
56 Overview: Parascript LLC
57 Overview: ScienceSoft USA Corporation
58 Overview: Soredex
59 Overview: Xinapse
List of Figures
1 Medical Imaging Industry Snapshot
2 Growing Applications of Medical Image Analytics
3 Medical Image Analysis: Market Overview
4 Market Snapshot, Global Medical Image Analysis Market, 2016
5 Global Medical Image Analytics Market Share by Product, 2025
6 Global Medical Image Analytics Market Share by Imaging Modalities, 2016
7 Global Medical Image Analytics Market Share by Imaging Modalities, 2025
8 Global Medical Image Analytics Market Share by Application, 2016
9 Global Medical Image Analytics Market Share by Application, 2025
10 Global Medical Image Analytics Market Share by End-User, 2016
11 Global Medical Image Analytics Market Share by End-User, 2025
12 Global Medical Image Analytics Market Share by Region, 2016
13 Global Medical Image Analytics Market Share by Region, 2025
14 Global Medical Image Analytics Market Value by Region, 2016 -2025 ($Million)
15 Global Medical Image Analytics Market Cumulative Growth Rate (2017-2025)
16 Global Medical Image Analytics Market Segmentation
17 Research Methodology
18 Data Triangulation
19 Key Data Points From Secondary Sources
20 Key Data Points From Primary Sources
21 Top-Down  Approach (Segmental Analysis)
22 Bottom-Up Approach (Segmental Analysis)
23 Assumptions and Limitations
24 Data and Prediction Modelling
25 Important Facts
26 Model of Radiologists
27 Significance of Information Provided by Software to Healthcare Decisions 
28 Discovery of Medical Imaging Modalities 
29 Market Dynamics
30 Market Drivers
31 Market Restraints
32 Market Opportunities
33 Share of Key Developments and Strategies
34 Porter's Five Forces Analysis
35 Global Medical Image Analytics Market Share by Company, 2015
36 Global Medical Image Analytics Market Share by Company, 2016
37 Global Medical Image Analytics Market by Product, 2016-2025 ($Million)
38 Standalone Software Medical Image Analytics Market, 2016-2025 ($Million)
39 Integrated Software Medical Image Analytics Market, 2016-2025 ($Million)
40 Global Medical Image Analytics Market by Imaging Type Segmentation
41 Difference Between 2D & 3D Images
42 Advantages of Using 3D Ultrasound
43 Advantages of Using 4D Ultrasound
44 Mammography Medical Image Analytics Market, 2016-2025 ($Million)
45 Advantages & Disadvantages  of Conventional Mammography Technique
46 Advantages & Disadvantages of Digital Mammography Technique
47 Computed Tomography Medical Image Analytics Market, 2016-2025 ($Million)
48 Magnetic Resonance Imaging Medical Image Analytics Market, 2016-2025 ($Million)
49 Merits & Demerits of Magnetic Resonance Imaging
50 Combined Modality Medical Image Analytics Market, 2016-2025 ($Million)
51 Advantages & Disadvantages of PET
52 Ultrasound Medical Image Analytics Market, 2016-2025 ($Million)
53 Advantages & Disadvantages of SPECT
54 X-Ray Medical Image Analytics Market, 2016-2025 ($Million)
55 Others Medical Image Analytics Market, 2016-2025 ($Million)
56 Global Medical Image Analytics Market by Application, 2016-2025 ($Million)
57 Cardiology Medical Image Analytics Market, 2016-2025 ($Million)
58 Oncology Medical Image Analytics Market, 2016-2025 ($Million)
59 Neurology Medical Image Analytics Market, 2016-2025 ($Million)
60 Dental Medical Image Analytics Market, 2016-2025 ($Million)
61 Obstetrics & Gynecology  Medical Image Analytics Market, 2016-2025 ($Million)
62 Orthopedics  Medical Image Analytics Market, 2016-2025 ($Million)
63 Others Medical Image Analytics Market, 2016-2025 ($Million)
64 Global Medical Image Analytics Market by End-Users, 2016-2025 ($Million)
65 Hospitals Medical Image Analytics Market, 2016-2025 ($Million)
66 Diagnostic Centers Medical Image Analytics Market, 2016-2025 ($Million)
67 Other End-User Medical Image Analytics Market, 2016-2025 ($Million)
68 Global Medical Image Analytics  Market,by Region
69 Global Medical Image Analytics Market by Region, 2016-2025 ($Million)
70 North America Medical Image Analytics Market, 2016-2025 ($Million)
71 North America Medical Image Analytics Market by Country, 2016-2025 ($Million)
72 Cancer Patient Data by Cancers Type in the U.S. (2016)
73 U.S. Medical Image Analytics Market, 2016-2025 ($Million)
74 Percentage of All Americans with Multiple Chronic Conditions- By Age Group 
75 Percentage of Patient Across Number of Chronic Conditions  
76 Canada Medical Image Analytics Market, 2016-2025 ($Million)
78 European Medical Image Analytics Market, 2016-2025 ($Million)
79 Europe Medical Image Analytics Market by Country, 2016-2025 ($Million)
80 Germany Medical Image Analytics Market, 2016-2025 ($Million)
81 The U.K. Medical Image Analytics Market, 2016-2025 ($Million)
82 France Medical Image Analytics Market, 2016-2025 ($Million)
83 Italy Medical Image Analytics Market, 2016-2025 ($Million)
84 Spain Medical Image Analytics Market, 2016-2025 ($Million)
85 Netherland Medical Image Analytics Market, 2016-2025 ($Million)
86 Belgium Cancer Imaging System Market, 2016-2025 ($Million)
87 Turkey Medical Image Analytics Market, 2016-2025 ($Million)
88 Russia Medical Image Analytics Market, 2016-2025 ($Million)
89 Rest of Europe Medical Image Analytics Market, 2016-2025 ($Million)
91 Asia-Pacific Medical Image Analytics Market, 2016-2025 ($Million)
92 Asia-Pacific  Medical Image Analytics Market by Country, 2016-2025 ($Million)
93 China Medical Image Analytics Market, 2016-2025 ($Million)
94 China-Cancer Patient Data, 2016
95 Japan Medical Image Analytics Market, 2016-2025 ($Million)
96 India Medical Image Analytics Market, 2016-2025 ($Million)
98 South Korea Medical Image Analytics Market, 2016-2025 ($Million)
99 Australia Medical Image Analytics Market, 2016-2025 ($Million)
100 Malaysia Medical Image Analytics Market, 2016-2025 ($Million)
101 Indonesia Medical Image Analytics Market, 2016-2025 ($Million)
102 Rest of Asia-Pacific Medical Image Analytics Market, 2016-2025 ($Million)
103 Latin America Medical Image Analytics Market, 2016-2025 ($Million)
104 Latin America Medical Image Analytics Market by Country, 2016-2025 ($Million)
105 Brazil Medical Image Analytics Market, 2016-2025 ($Million)
106 Mexico Medical Image Analytics Market, 2016-2025 ($Million)
107 Rest of Latin America Medical Image Analytics Market, 2016-2025 ($Million)
108 Rest of World Medical Image Analytics Market, 2016-2025 ($Million)
109 Rest of World Medical Image Analytics Market by Country, 2016-2025 ($Million)
110 Kingdom of Saudi Arabia (KSA) Medical Image Analytics Market, 2016-2025 ($Million)
111 United Arab Emirates (UAE) Medical Image Analytics Market, 2016-2025 ($Million)
112 Israel Medical Image Analytics Market, 2016-2025 ($Million)
113 South Africa Medical Image Analytics Market, 2016-2025 ($Million)
114 Qatar Medical Image Analytics Market, 2016-2025 ($Million)
115 Rest of RoW Medical Image Analytics Market, 2016-2025 ($Million)
116 Agfa-Gevaert Product Mapping
117 Agfa-Gevaert Group : Overall Financials (2014 - 2016)
118 Agfa-Gevaert Group : Net Revenues by Business Segments (2014 - 2016)
119 Agfa-Gevaert Group : Net Revenue by Geography (2014-2016)
120 Agfa Gevaert SWOT Analysis 
121 Arterys Product Portfolio
122 Arterys SWOT Analysis 
123 Aquilab Product Mapping
124 Aquilab SWOT Analysis 
125 Carestream Health Product Mapping
126 Carestream Health SWOT Analysis 
127 Dental Sirona Inc. Product Mapping
128 Dentsply Sirona Inc. Overall Financials (2014 - 2016)
129 Dentsply Sirona Inc. : Net Revenues by Business Segments (2014 - 2016)
130 Dentsply Sirona Inc. : Net Revenues by Region (2014 - 2016)
131 Dentsply Sirona SWOT Analysis 
132 Esaote Product Mapping
133 Esaote SWOT Analysis 
134 General Electric Products Mapping
135 GE : Overall Financials (2014-2016)
136 GE : Net Revenue by Business Segment (2014-2016)
137 GE : Net Revenue by Business Sub-Segment (2016)
138 GE : Net Revenue by Region (2014-2016)
139 Figure: GE Healthcare  SWOT Analysis 
140 Hologic Inc. Product Mapping
141 Hologic: Overall Financials (2014-2016)
142 Hologic: Net Revenue by Business Segment (2014-2016)
143 Hologic: Net Revenue by Region (2014-2016)
144 Hologic Inc.  SWOT Analysis 
145 Infinitt Healthcare Products Mapping
146 Infinitt Healthcare  SWOT Analysis 
147 Roper Technologhies Producty Mapping
148 Roper Technologies: Overall Financials (2014-2016)
149 Roper Technologies: Net Revenue by Business Segment (2014-2016)
150 Roper Technologies: Net Revenue by Region (2014-2016)
151 Roper Technologies  SWOT Analysis 
152 IBM Corporation Product Mapping
153 IBM: Overall Financials (2014-2015)
154 IBM: Net Revenue by Business Segment (2015-2016)
155 IBM Corp.: Net Revenue by Business Segment (2014)
156 IBM Corp.: Net Revenue by Region (2014-2016)
157 Merge Healthcare SWOT Analysis
159 MIM Software Inc. Product Mapping
160 MIM Software Inc. SWOT Analysis
161 Neusoft Corporation Product Mapping
162 Neusoft Corporation: Overall Financials (2014-2016)
163 Neusoft Corporation  SWOT Analysis 
164 Philips Group Product Mapping
165 Royal Philips: Overall Financial Performance (2014-2016)
166 Philips Group: Net Revenue by Business Segment (2015-2016)
167 Royal Philips: Net Revenue by Geography (2014-2016)
168 Philips Group: Diagnostics & Treatment Sub-Segment% (2016)
169 Royal Philips  SWOT Analysis 
170 Siemens Product Mapping
171 Siemens: Overall Financials (2014-2016)
172 Siemens: Net Revenue by Region (2014-2016)
173 Siemens: Net Revenue by Business Segment (2014-2016)
174 Siemens  SWOT Analysis 
175 Canon Inc. Product Mapping
176 Canon Inc.: Overall Financials (2014-2016)
177 Canon Inc.: Net Revenue by Business Segment (2014-2016)
178 Canon Inc.: Net Revenue by Region  (2014-2016)
179 Toshiba Medical Systems Corporation SWOT Analysis

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FEATURED COMPANIES

  • Agfa Healthcare NV
  • Canon, Inc.
  • General Electric
  • Intrasense
  • Neusoft Corporation
  • Product Mapping
  • MORE

The development of medical imaging during the past 30 years has been one of the greatest success stories in the history of medicine and applied sciences at large. The significant progress made in visualizing the anatomy and function of the human body and thereby empowering medical doctors to exclude, detect, characterize and eventually treat diseases, has revolutionized the medicine. However, with millions of medical images generated each year represent an enormous challenge for healthcare organizations as they struggle to manage, access, analyse and interpret this colossal volume images while trying to reduce costs. In addition, this sheer burden of increasing volume of data and patient information, has substantially deteriorate the performance of hospitals and health systems across the globe.

Advances in healthcare IT technologies, computing power, faster networks and cheaper storage has revolutionized medical imaging over the recent past, allowing doctors to manage images, analyse, and interpret more easily and flexibly than in the last decade. Computerized medical imaging analysis is one such advancement that have been the central focus in medical imaging in last few years. Medical image analysis has become a vital technology in high-tech applications in diagnostics and ubiquitous part of modern medical imaging systems and the related processes of clinical diagnosis and intervention. Recent advances in machine learning, especially with regard to deep learning, are helping to identify, classify, and quantify patterns in medical images. 

Medical image analysis software application perform a vital role after the image has been acquired in digital form is the analysis of the acquired image to extract medically or clinically relevant information for diagnosis & treatment planning. It can be either for a general purpose or designed for any specific medical application area. The general purpose software can perform regular image processing applications such as segmentation, contouring and thresholding to make the region of interest more prominent and obvious as compared to the surrounding regions.

The medical image analytics software for specific applications are designed to perform a detailed analysis of specific organs or organ systems as per the requirements of medical diagnosis. Such application have been developed for cardiovascular system including the heart, for central and peripheral nervous system including the brain, for orthopedic and musculoskeletal systems, for nephrology, oncology and for several other medical fields. 

The medical image analytics  software are used for interpreting the medical images acquired for various application area such as cardiology, oncology, neurology, orthopedics, obstetrics & gynecology, dental and many others. Cancer is one of the leading cause of mortality and morbidity globally and according to World Health Organization (WHO), the number of new cases is expected to rise by about 70% over the next 2 decades. Early detection requires an accurate and reliable diagnosis which should also be able to distinguish benign and malignant tumors. A good detection approach should produce both low false positive (FP) rate and false negative (FN) rate. For instance, mammography is the best detection method of breast cancer available today. However, all kind of breast cancer can’t be detected by mammograms. In micro calcification cluster of breast cancer, the interpretations is very difficult. While in some dense tissues, and/ or skin thickening, MCCs areas are almost invisible to be seen by the examining radiologist. The sizes of micro calcification clusters (MCCs) are extremely tiny, typically in the range of 0.1mm- 1.0mm and the average is about 0.3mm, implying it can easily be overlooked by a radiologist. However, with the help of technologically advanced medical image analysis software the diagnosis are provided with high accuracy and specificity.

Similarly, neurological disorders are the most challenging to diagnose, manage and monitor due to the complex nervous system. Diagnosis of neurological diseases and their treatments demand high precision, dedication and experience. Neuroimaging with the help of had been witnessed as a potential tool for the diagnosis and treatment of neurodegenerative diseases or indications. Structural modalities such as computed tomography (CT) or the widely known magnetic resonance imaging (MRI), and later functional imaging techniques such as positron emission tomography (PET) and single photon emission computed tomography (SPECT) provide unprecedented insight in the internals of the brain.  However, the medical image analytical software aids the radiologists in a variety of methods that range from preprocessing of the images (just after acquisition) to advanced deep-learning algorithms to identify disease-related patterns. 

Medical image analysis has great impacts on both clinical applications and scientific researches. Recent progresses in deep learning have shed new light on medical image analysis by allowing discovering morphological and/or textural patterns in images solely from data. As machine learning methods have achieved the state-of-the-art performance over different medical applications, its use for further improvement can be the major step in the medical image analysis field. However, there are still unanswered challenges to universal implementation of image analysis solution, with the need to establish quality standards, reduction of errors, and interpretability.

The millions of medical images generated each year represent an enormous challenge for healthcare organizations as they struggle to manage, access, analyse, and interpret image records. The sheer number of images ordered by physicians has exploded in the past 15 years. One study showed that the number of MRI units more than doubled between 2000 and 2014, while the number of CT units grew more than 50 percent. In addition, Medical image archives are increasing by 15 to 20 percent each year. It is projected that by 2020 there will be 5 billion medical images stored in the U.S. alone. The colossal growth in medical imaging will certainly boost the adoption of medical image analysis software in the coming days to reduce error, and processing time. 

The product segment of the market comprises standalone software and integrated software. The standalone software acquired the highest market value in 2016 and growing at the CAGR of 5.2% during the forecast period 2017-2025. This can be attributed to the advantages associated with standalone software such as high flexibility with user friendly interface to visualize, observe, evaluate and process medical image data from different modalities. However, integrated software is growing at the highest CAGR 7.9%. This can attributed to the compatibility of the integrated software with the imaging equipment, easy handling and fast processing properties and facility of interlinking the database and storing the images for further analysis.

The imaging modalities segment of the market comprises of mammography, computed tomography (CT), magnetic resonance imaging (MRI), combined modality, ultrasound and radiographic X-ray, among others. The ultrasound segment constituted the highest market value in 2016 and growing at the CAGR of 5.6% during the forecast period 2017-2025. The growth can be attributed to the high adoption rate of ultrasound due to the significant advantages it provides such as precision in identifying the nature of lesion, low cost and lack of exposure to radiation. However, magnetic resonance imaging (MRI) is growing at the highest CAGR of 7.9% due to the forecast period 2017-2025. It can be attributed to the increasing adoption rate of MRI for diagnosing several diseases non-invasively and more accurately. 

The application segment comprises of cardiology, oncology, neurology, orthopedics and obstetrics & gynecology, among others. The obstetrics & gynecology segment account for the highest market value in 2016 and growing at the CAGR of 4.6% during the forecast period 2017-2025. This can be attributed to the rising incidence rate of gynecology disorders globally such as fibroids, abnormal uterine bleeding, endometriosis, urinary incontinence, hemorrhoids & vaginal infections and further continuous technological advancement in the imaging modalities and its software platform for diagnosis purposes. However, the dental application segment is growing at the highest CAGR of 7.9% during the forecast period 2017-2025. This can be attributed to the increasing cases of oral diseases globally. Dental caries and periodontal diseases have historically been considered the most important global oral health burdens.

The end user segment comprises of hospitals and diagnostic centers, among others. The hospitals segment constituted the highest market value in 2016. The most important buyer of medical image analytics software are the hospitals which are significantly increasing in number. Growing disposable income, support of government in providing the favorable reimbursement policies to the end-users, are some of the factors which are further propelling the growth of this market. However, the diagnostics centers segment is growing at the highest CAGR of 8.8% during the forecast period 2017-2025. This can be attributed to the increasing adoption rate of technologically advanced medical image analytical software solutions across various diagnostic centers. 

North America generated the highest market value in 2016. This can be attributed to the rising incidence of various types of chronic diseases, technological advancement in imaging equipment, increasing disposable income and support of government in enhancing the healthcare facilities and providing reimbursement policies for the end-users. However, RoW, comprising of Kingdom of Saudi Arabia (KSA), Israel, South Africa, Qatar, and UAE, among others, is expected to grow at the highest CAGR of 8.5% during the forecast period 2017-2025 followed by Latin America, owing to the rising incidence rate of chronic diseases, increasing disposable income, and education on the importance of early screening by various governmental agencies and non-governmental organizations (NGOs) in these regions

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  •  Agfa Healthcare NV
  •  Agfa-Gevaert NV
  •  Aquilab
  •  Arterys Inc.
  •  Bruker Corporation
  •  Canon, Inc.
  •  Carestream Health
  •  Circle Cardiovascular Imaging Inc.
  •  Dentsply Sirona
  •  Esaote
  •  GE Healthcare
  •  General Electric
  •  Hologic Inc.
  •  IBM Corporation
  •  Image Analysis
  •  Infinitt Healthcare
  •  Intrasense
  •  MIM Software Inc.
  •  MeVis Medical Solutions AG
  •  Media cybernetics
  •  Medis Medical Imaging Systems BV
  •  Merge Healthcare Inc.
  •  Mirada Medical Ltd.
  •  Neusoft Corporation
  •  Neusoft Medical
  •  Parascript LLC
  •  Philips Group
  •  Product Mapping
  •  Product Mapping
  •  Roper Technologies
  •  ScienceSoft USA Corporation
  •  Siemens
  •  Soredex
  •  Toshiba Medical Corporation
  •  Xinapse

Agfa Healthcare NV
 Agfa-Gevaert NV
 Aquilab
 Arterys Inc.
 Bruker Corporation
 Canon, Inc.
 Carestream Health
 Circle Cardiovascular Imaging Inc.
 Dentsply Sirona
 Esaote
 GE Healthcare
 General Electric
 Hologic Inc.
 IBM Corporation
 Image Analysis
 Infinitt Healthcare
 Intrasense
 MIM Software Inc.
 MeVis Medical Solutions AG
 Media cybernetics
 Medis Medical Imaging Systems BV
 Merge Healthcare Inc.
 Mirada Medical Ltd.
 Neusoft Corporation
 Neusoft Medical
 Parascript LLC
 Philips Group
 Product Mapping
 Product Mapping
 Roper Technologies
 ScienceSoft USA Corporation
 Siemens
 Soredex
 Toshiba Medical Corporation
 Xinapse

Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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