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The global Medical Image Analytics market is expected to reach USD 4.66 Billion by 2027
SURREY, BRITISH COLUMBIA, CANADA , April 11, 2022 /EINPresswire.com / -- The latest and updated research report on the Global Medical Image Analytics Market covers a comprehensive overview of the Medical Image Analytics market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Medical Image Analytics market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
An increase in the prevalence of chronic diseases, unusual incidents in the pharmaceutical industry, and a rise in government and private financing are driving the demand for the market.
Medical Image Analytics Market Size – USD 2.53 billion in 2019, Medical Image Analytics Market Growth - CAGR of 7.9%, Medical Image Analytics Market Trends – High demand from developing nations.
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The growing geriatric population, coupled with the chronic diseases they experience, is projected to fuel growth in the demand for medical imaging equipment. However, exorbitant premiums are associated with medical imaging tests combined with restricted access to the necessary infrastructure that impedes the growth of the medical imaging devices markets.
The study involves the use of efficient analytical tools like SWOT analysis and Porter's Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Medical Image Analytics market.
The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Medical Image Analytics market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Medical Image Analytics market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
The cardiology application is the major contributor to the Medical Image Analytics Market. The cardiology application of the North America region is the major shareholder of the market and held around 24.5% of the market in the year 2019, owing to the rising incidence of cardiovascular and congenital cardiac disease and growing policy funding to increase healthcare quality.
North America dominated the market for Medical Image Analytics in 2019, attributable to the existence of well-established healthcare facilities with specialized testing equipment in this area and favorable policies to promote the adoption of healthcare IT. North America region held approximately 38.0% of the market, followed by Europe.
Key participants include Agfa-Gevaert Corporation, Toshiba Medical Systems Corporation, Spacelabs Healthcare Inc., Xinapse Systems Ltd., Carestream Health Inc., Merge Healthcare Inc., Siemens Healthineers, Philips Healthcare, MIM Software Inc., and Bruker Corporation, among others.
Emergen Research has segmented the global Medical Image Analytics Market on the basis of modality, end-use, application, and region:
Modality Outlook (Revenue, USD Billion; 2017-2027)
Tomography
Ultrasound Imaging
Radiographic Imaging
Combined Modalities
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Others
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Application Outlook (Revenue, USD Billion; 2017-2027)
Orthopedic
Neurology
Cardiology
Oncology
Mammography
Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
US.
Canada
Europe
Germany
UK
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
MEA
Saudi Arabia
UAE
Rest of MEA
Medical Image Analytics Key Coverage of report:
Medical Image Analytics Market share valuations of the segments on a country and global level.
Medical Image Analytics Market share analysis of the major market players.
Opportunities and growth prospects for the new Medical Image Analytics 7 market entrants.
Medical Image Analytics Market forecast for all the segments, sub-segments of the market.
Medical Image Analytics Market Trends (drivers, restraints, opportunities, challenges, threats, investment opportunities, and approvals)
Strategic endorsements in the key business segments on the basis of Medical Image Analytics market valuations.
Competitive landscape mapping of the key development patterns.
Company profiling with detailed strategies, financial details, and recent developments.
Latest supply chain trends and technological advancements.
The report objectives are:
To evaluate Medical Image Analytics status, future forecast, growth opportunity, key market, and key players.
To present the Global Medical Image Analytics development in the different regions of the world.
To strategically study and segment the key players and comprehensively analyze their development plan and strategies.
To define, describe, and forecast the market by product type, market, and key regions.
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