The global medical image analysis software market is predicted to surpass $4.54 billion by 2023, growing at a 9.9 percent compound annual growth rate.
Here are five notes:
1. Market drivers include rising demand for the use of imaging equipment, increasing applications of computer-aided diagnosis and increasing investments in the medical imaging market.
2. Throughout the forecast period, the market will need to overcome the growing number of security problems and the cost of software.
3. By end user, the diagnostic center segment is expected to experience the largest growth due to the increasing number of imaging diagnostic labs.
4. North America has the largest market share followed by Europe, which continues to grow due to increased demand for quality healthcare services.
5. Key market competitors include Toshiba Medical Systems, Siemens Healthcare, Philips Healthcare, Merge Healthcare, GE, Esaote and Carestream Health.