(MENAFN- iCrowdNewsWire) According to the current analysis of Reports and Data, the global Ultrasound Image Analysis Software market was valued at USD 696.0 Million in 2018 and is expected to reach USD 1,351.5 million by the year 2026, at a CAGR of 8.6 %.
Of all medical imaging modalities, ultrasound is perhaps the one most often used when real-time imaging is required. Therefore, image analysis of ultrasound data is potentially useful when done in real-time as well. It is, then, necessary to create a software environment with convenient APIs that allow testing of various image analysis algorithms when ultrasound data arrives in real-time of at a rate of at least 10 frames per second. Ultrasound is a method of imaging that permits real-time visualization of the internal anatomy of a human. Like CT and MRI, ultrasound is non-invasive, but ultrasound does not carry any radiation exposure risk and is relatively inexpensive. Because of the low risk and wide availability of ultrasound, it is being increasingly used in many areas of medicine: radiology, cardiology, women's healthcare, emergency medicine, family practice, urology, nephrology, vascular surgery, general surgery, sports medicine, ophthalmology, gastroenterology, telemedicine, veterinary medicine, etc. Clinical ultrasound typically uses frequencies of 2 to 30 MHz. Pulses of sound energy travel from the ultrasound probe to an anatomical interface, which reflects the sound back to the probe. Most ultrasound machines make the assumption that the speed of sound passing through biological tissues is 1540m/. The intensity of the reflections from a particular ultrasound pulse as a function of time (distance) represents a given interrogation of the tissue. A series of such interrogation, sweeping through a plane, are collected for each scan. Each scan is then converted in real-time to a 2D grayscale image, through a process called scan-conversion. It is this 2D image, with its regular isotropic pixels on a rectilinear lattice, which is the usually starting place for image analysis. Ultrasound imaging is extensively used for examination and navigation in diagnostic and therapeutic procedures. Ultrasound image quality is found to be considerably affected by speckle noise and physical characteristics of the patient. Moreover, ultrasound image acquisition largely depends on the skills and experience of the user. Resultantly, high-accuracy measurement, or navigation by using ultrasound imaging is difficult and time-consuming. Therefore, the development of automatic ultrasound image analysis and recognition techniques to improve the efficiency and accuracy in the workflow of diagnosis and treatment is necessary. Ultrasound image analysis software provides an effective solution to this issue.
Imaging is one of the critical medical diagnostic tools to observe internal organs and soft tissues. One such tool is ultrasound scanning, which is used extensively in gynecology and echocardiogram. This is due to the number of advantages of ultrasound scanning, such as being non-invasive, free of radiation, economical, and real-time. However, access to ultrasound scanning facilities remain limited due to the scarcity of human and physical resources
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The report provides an in-depth analysis of the key developments and innovations of the market such as research and development advancements, product launches, mergers & acquisitions, joint ventures, partnerships, government deals, and collaborations. The report offers a comprehensive assessment of key players in the market along with their global position, financial standing, business expansion plans, production and manufacturing capacity, and strategic alliances.
Key players in the market include
GE Healthcare, Philips Healthcare, Siemens Healthineers, Agfa Healthcare, MIM Software Inc., Esaote SpA, Merge Healthcare Incorporated, Xinapse system Ltd., Spacelab Healthcare Inc., and OSI Systems, amongst others
Furthermore, the report segments Ultrasound Image Analysis Software market on the basis of key product types and applications and provides details about the revenue growth, revenue CAGR, and revenue share each segment is expected to register over the forecast period.
Ultrasound Image Analysis Software by Type Outlook (Revenue in Million USD; 2016–2026)
- Integrated Ultrasound Image Analysis Software
- Standalone Ultrasound Image Analysis Software
Ultrasound Image Analysis Software by Product Outlook (Revenue in Million USD; 2016–2026)
- 2D ultrasound systems
- 3D & 4D ultrasound systems
- Doppler imaging
Ultrasound Image Analysis Software by Application Outlook (Revenue in Million USD; 2016–2026)
- Orthopedic
- Dental
- Cardiology
- Oncology
- Obstetrics & Gynecology
- Nephrology & Urology
- Radiology
- Others
For a better understanding of the global Ultrasound Image Analysis Software market dynamics, a regional analysis of the market across key geographical areas is offered in the report. The market is spread across key geographical regions such as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Each region is analysed on the basis of the market scenario in the major countries of the regions to provide a deeper understanding of the market. It provides insights into production and consumption patterns, supply and demand ratio, export/import, current and emerging trends and demands, market share, market size, revenue contribution, and presence of key players in each region.
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In-depth regional analysis includes:
- North America (U.S., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of EU)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Benefits of the Global Ultrasound Image Analysis Software Report:
- Comprehensive analysis of the opportunities and risks of the Ultrasound Image Analysis Software market
- Detailed study of the latest product and technological developments and innovations of the Ultrasound Image Analysis Software market
- Business strategies and plans are analysed for understanding the Ultrasound Image Analysis Software market scenario
- Revenue forecast of Ultrasound Image Analysis Software market for the forecast period 2020-2026
- Comprehensive analysis of the drivers, constraints, limitations, challenges, and opportunities
- Latest and emerging market trends analysis and their impact on product and application demand
- Study of recent M & A, joint ventures, collaborations, partnerships, product launches and brand promotions among others
- Extensive SWOT analysis and Porter's Five Forces analysis along with investment return analysis and feasibility
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