The global imaging informatics market size is estimated to be USD 2.9 billion in 2021 and is expected to witness a CAGR of 7.42% during the forecast period. Increase in number of diagnostic imaging processes is a key driver for the growth of the global imaging informatics market. Additionally, rise in cases of chronic diseases and decrease in cost of data storage platforms in the imaging informatics market are some of the other drivers propelling the market growth. Nevertheless, lack of expert personnel to operate IT integrated modalities and high cost for installing medical imaging informatics solutions are expected to restrain the global market growth.
Based on application, the market is segmented into nuclear imaging, digital radiography, magnetic resonance imaging, ultrasound, computed tomography, and mammography. In 2021, the magnetic resonance imaging segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is attributed to increase in technological advancements along with increasing focus on the replacement of low-field MRI systems worldwide. Nuclear imaging segment projected to grow at a profitable CAGR during the forecast period. This is attributed to the growing focus on personalized medicine as the diseases are getting more complicated to have a generic approach.
Based on deployment, the market is categorized into cloud-based, web-based, and on-premise. In 2021, the on-premise segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the growth in adoption of this deployment by major pharmaceutical companies worldwide. The cloud-based segment is anticipated to grow at a profitable CAGR during the forecast period, as it can be accessed from distant locations, thereby providing the benefit of less costs due to power consumption and system maintenance.
Based on end user, the market is categorized into diagnostics centres, hospital, ambulatory healthcare settings, and others. In 2021, the hospital segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the increasing requirement of developed and advanced technologies worldwide. The diagnostics centres segment is anticipated to grow at a profitable CAGR during the forecast period, due to the developments in the imaging informatics market are helping the diagnostic centres in effective management of patients’ documented information.
In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the high demand for medical imaging informatics, increase in the rate of adoption of imaging informatics in health care sector, technical advancements for ease in accessibility in the region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the high incidence of chronic diseases, increasing investments to develop the health care system, growing R&D activities in the region, and availability of raw materials at economic costs, are the major factors in this region. Competitor Insights Some of the key players in the imaging informatics market are Koninklijke Philips N.V. (Netherlands); General Electric Company (U.S.); Siemens AG (Germany); Agfa-Gevaert N.V. (Belgium); Carestream Health, Inc. (U.S.); McKesson Corporation (U.S.); Lexmark International Inc. (U.S.); Toshiba Corporation (Japan); Esaote SpA (Italy); and Dell Inc. (U.S.). The leading players operating in the imaging informatics industry are adopting various strategies including R&D investments, adaption of advanced techniques, new technology launches, mergers & acquisitions, and regional expansions to capture a maximum revenue share.This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The imaging informatics market report is categorized into the following segments and subsegments:
By Application
Based on application, the market is segmented into nuclear imaging, digital radiography, magnetic resonance imaging, ultrasound, computed tomography, and mammography. In 2021, the magnetic resonance imaging segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is attributed to increase in technological advancements along with increasing focus on the replacement of low-field MRI systems worldwide. Nuclear imaging segment projected to grow at a profitable CAGR during the forecast period. This is attributed to the growing focus on personalized medicine as the diseases are getting more complicated to have a generic approach.
By Deployment
Based on deployment, the market is categorized into cloud-based, web-based, and on-premise. In 2021, the on-premise segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the growth in adoption of this deployment by major pharmaceutical companies worldwide. The cloud-based segment is anticipated to grow at a profitable CAGR during the forecast period, as it can be accessed from distant locations, thereby providing the benefit of less costs due to power consumption and system maintenance.
By End User
Based on end user, the market is categorized into diagnostics centres, hospital, ambulatory healthcare settings, and others. In 2021, the hospital segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the increasing requirement of developed and advanced technologies worldwide. The diagnostics centres segment is anticipated to grow at a profitable CAGR during the forecast period, due to the developments in the imaging informatics market are helping the diagnostic centres in effective management of patients’ documented information.
Regional Insights
In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the high demand for medical imaging informatics, increase in the rate of adoption of imaging informatics in health care sector, technical advancements for ease in accessibility in the region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the high incidence of chronic diseases, increasing investments to develop the health care system, growing R&D activities in the region, and availability of raw materials at economic costs, are the major factors in this region. Competitor Insights Some of the key players in the imaging informatics market are Koninklijke Philips N.V. (Netherlands); General Electric Company (U.S.); Siemens AG (Germany); Agfa-Gevaert N.V. (Belgium); Carestream Health, Inc. (U.S.); McKesson Corporation (U.S.); Lexmark International Inc. (U.S.); Toshiba Corporation (Japan); Esaote SpA (Italy); and Dell Inc. (U.S.). The leading players operating in the imaging informatics industry are adopting various strategies including R&D investments, adaption of advanced techniques, new technology launches, mergers & acquisitions, and regional expansions to capture a maximum revenue share.This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The imaging informatics market report is categorized into the following segments and subsegments:
Imaging Informatics Market, By Application (Revenue, USD Billion, 2021 - 2029)
- Nuclear Imaging
- Digital Radiography
- Magnetic Resonance Imaging
- Ultrasound
- Computed Tomography
- Mammography
Imaging Informatics Market, By Deployment (Revenue, USD Billion, 2021 - 2029)
- Web-Based
- On-Premise
- Cloud-Based
Imaging Informatics Market, By End User (Revenue, USD Billion, 2021 - 2029)
- Diagnostics Centers
- Hospital
- Ambulatory Healthcare Settings
- Others
Imaging Informatics Market, By Region (Revenue, USD Billion, 2021 - 2029)
North America
- U.S.
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Table of Contents
1. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Market Environment Analysis
6. COVID-19 Impact Analysis: Imaging Informatics Market
7. Market Analysis by Application
8. Market Analysis by Deployment
9. Market Analysis by End User
10. Regional Market Analysis
11. North America Imaging Informatics Market
12. Europe Imaging Informatics Market
13. Asia Pacific Imaging Informatics Market
14. Latin America Imaging Informatics Market
15. MEA Imaging Informatics Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Koninklijke Philips N.V. (Netherlands)
- General Electric Company (U.S.)
- Siemens AG (Germany)
- Agfa-Gevaert N.V. (Belgium)
- Carestream Health Inc. (U.S.)
- McKesson Corporation (U.S.)
- Lexmark International Inc. (U.S.)
- Toshiba Corporation (Japan)
- Esaote SpA (Italy)
- Dell Inc. (U.S.)
