Medical Image Analysis Software Market is valued at $3 billion in 2021 and is anticipated to grow at a CAGR of >10% by 2026

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Medical Image Analysis Software Market Outlook,
Competitive Landscape and Forecasts to 2026
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Deep learning algorithms are used by medical
image analysis software to read and assess
pictures. The global medical image analysis
software market is valued at 3 billion in 2021
and is expected to grow at a CAGR of gt10, driven
by technological advancements, rising acceptance
of diagnostic imaging systems and increasing
volume of images generated, and lack of trained
radiologists. Rising Volume of Medical Images
Coupled with Shortage of Radiologists Medical
images make up 90 of the data in healthcare and
gt95 of it goes unanalysed or unused. Every year,
the number of images produced globally and this
trend is likely to continue, as increasing number
of people will gain access to better medical
care. Growing volume of images puts pressure on
radiologists. This problem further intensifies
with the shortage of trained radiologists across
the globe. This in turn drives the acceptance of
medical image analysis software which helps
increase the speed and accuracy of analysis
thereby reducing report turnaround time. However,
flawed, incomplete or poor-quality images can
pose challenge to efficiently make use of this
software.
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Technological Advancements in Medical Image
Analysis Software Market While medical imaging
analysis software can absolutely decrease
radiologist workload, it is not yet capable to
entirely replace the radiologist. Nuclear
medicine, MRIs, CT scans, and other imaging
modalities are now included in the medical image
analysis software. Additionally, the companies in
this field are putting effort to improve analytic
abilities of medical imaging software so as to
create software capable of independently
detecting clinical anomalies in medical
images. Explore Premium Report on Medical Image
Analysis Software Market _at_ https//meditechinsight
s.com/medical-image-analysis-software-market/ Gro
wth Prospects in Oncology Mammography
Application Areas There is wide scope of
application of medical image analysis software in
areas like oncology, cardiology, orthopaedics,
dentistry, mammography and neurology. Although
cardiology acquires substantial share of the
medical image analysis software market in terms
of application, adoption of this software in
mammography and oncology areas is expected to
witness substantial growth in the coming years.
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Hospitals and Diagnostic Centres Leads the
Adoption Hospitals are the main end-users of
medical image analysis software, followed by
diagnostic centres. This is mainly attributed to
huge installed base of diagnostic imaging
systems, significant patient inflow and budget
for installing such software to reduce
physician/radiologist workload. - VP, Sales
Marketing, Leading Supplier, US Competitive
Landscape Analysis of Medical Image Analysis
Software Market The global medical image analysis
software market is fragmented. Some of the key
players operating in this market are GE
Healthcare, Philips Healthcare, Siemens
Healthineers, AQUILAB, Agfa Healthcare, IBM, MIM
Software, Canon Medical Systems, Xinapse Systems,
ContextVision, Quantib, Mirada Medical, Neusoft
Medical Systems, INFINITT Healthcare, Oxagile,
Esaote, Lunit, Aidoc, ChironX, Contextflow,
4Quant, Qure, Methinks, AnalyzeDirect and
ScienceSoft. For More Detailed Insights, Contact
Us _at_ https//meditechinsights.com/contact-us/
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