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The Medical Image Management Market Size was valued at USD 5.93 billion in 2023, and is expected to reach USD 10.77 billion by 2032, and grow at a CAGR of 6.86% over the forecast period 2024-2032.
Medical image management is defined as the process of managing medical images through an image management system that integrates a number of information systems, enabling doctors to perform early illness detection and create appropriate treatment plans. This system's integration of a number of information technologies aids in the management and storage of patient and imaging data. It can be used in medical facilities including hospitals and diagnostic imaging institutes. A totally safe, reliable solution for radiology, imaging archiving, report dictation, research and report storage is offered by Medical Imaging Management (PAC-Picture Archiving and Communications System).
DRIVERS
Modern Diagnostic Imaging Modalities and Image Management Techniques
The market for medical imaging is seeing increasing investment
Initiatives by the Government to Promote the Adoption of EMR
Age-Related Imaging Volumes are Growing Quickly
The expanding use of imaging technology
The Use of VNA is Growing
A Growing Number of Small Hospitals and Imaging Facilities Are Using Image Management Systems
Big Data Market Expands Quickly
RESTRAINTS
Extended VNA Product Lifecycle
Finances Limited
OPPORTUNITIES
Includes EMR and ECM in PACS / VNA Integration
PACS and VNA Integration Using Artificial Intelligence-Based Technologies
Blockchain in Healthcare Imaging
Cloud-Based Solutions Provide High Growth Opportunities
New Emerging Markets
The integration of the healthcare industry is growing
Growing Opportunities for Acquisition in a variety of skills
CHALLENGES
Sales of VNAs and PACS depend on the acquisition of large equipment.
Usability and user interface
Solutions for VNA Post-Implementation Issues
By reducing production, reducing demand, requiring layoffs, etc., a global epidemic or Covid 19 have had a significant impact on each market and slowed market growth in each industry. Due to social isolation and closure restrictions imposed on various countries, people were only allowed to visit their doctors and other health care providers in emergencies, which ultimately reduced the need for software and medical imaging management programs. This is one of the most obvious consequences of COVID 19 in the medical imaging market.
However, as soon as the limits are removed and the lid is removed, the market is predicted to grow and achieve positive growth. This is because people suffer from covid fatigue and suffer from mental health problems and other health-related problems, and as a result, the demand for medical imaging systems is expected to grow.
By Product type
PACS, VNAs, AICA, and business / international viewers are just a few segments of the medical imaging market. A higher market share is expected to go to the PACS category. Adoption of PACS in new areas of imaging such as endoscopy, ophthalmology, mammography, and oncology, as well as the growing acceptance of PACS by small hospitals and psychiatric institutions, as well as government programs that promote the adoption of Healthcare IT, are factors that drive growth of the PACS component.
The PACS market is divided into three categories: radiology, cardiology, and other departmental PACS. These departmental PACS include specialized PACS solutions such as ophthalmology, pathology, oncology, radiation, endoscopy, and dentists. PACS Radiology holds a huge market share as a number of photographic studies are managed, managed, and archived in the hospital's radiology department.
By End-User
Hospitals, imaging diagnostic facilities, and other end users The greatest market share for medical image management is anticipated to belong to the hospitals sector. The substantial market position held by hospitals is largely attributable to factors such as the growing patient population, increased public awareness of the advantages of early disease detection, increasing digitalization of patient data, and the quick development in EMR implementation.
By Product type
Application-Independent Clinical Archives
Picture Archiving and Communication System
Enterprise Viewers/Universal Viewers
Vendor Neutral Archive (VNA)
By End-User
Diagnostic Imaging Centers
Hospitals
Others
North America, then Europe, are the market's two biggest players. The vast number of imaging centers in the region, ongoing research efforts, and the quick uptake of technologically cutting-edge imaging equipment are just a few of the elements that contribute to North America's market supremacy. Other factors influencing the use of medical image management in this region include government pushes toward digitization, rising EHR/EMR adoption, and growing use of data storage & exchange solutions.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major players are Agfa-Gevaert Group, Carestream Health, E. Healthcare, Fujifilm Holding Corporation, Esaote SpA, IBM Watson Health, Koninklijke Philips N.V., Siemens Healthineers AG, Novarad, Sectra AB, McKesson Corporation and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 5.93 Billion |
| Market Size by 2032 | US$ 10.77 Billion |
| CAGR | CAGR of 6.86% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product type (Application-Independent Clinical Archives, Picture Archiving and Communication System, Enterprise Viewers/Universal Viewers, Vendor Neutral Archive (VNA)) • By End-User (Diagnostic Imaging Centers, Hospitals, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Agfa-Gevaert Group, Carestream Health, E. Healthcare, Fujifilm Holding Corporation, Esaote SpA, IBM Watson Health, Koninklijke Philips N.V., Siemens Healthineers AG, Novarad, Sectra AB, McKesson Corporation. |
| DRIVERS | • Modern Diagnostic Imaging Modalities and Image Management Techniques • The market for medical imaging is seeing increasing investment • Initiatives by the Government to Promote the Adoption of EMR |
| RESTRAINTS | • Extended VNA Product Lifecycle • Finances Limited |
Ans: The Medical Image Management Market Size was valued at USD 5.93 billion in 2023.
North America, then Europe, are the market's two biggest players.
Ans: The Medical Image Management Market is to grow at a CAGR of 6.86% over the forecast period 2024-2031.
Key drivers of the Medical Image Management Market is the market for medical imaging is seeing increasing investment, Initiatives by the Government to Promote the Adoption of EMR, and Age-Related Imaging Volumes are Growing Quickly.
Medical image management is defined as the process of managing medical images through an image management system that integrates a number of information systems, enabling doctors to perform early illness detection and create appropriate treatment plans.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Medical Image Management Market Segmentation, By Product type
8.1 Application-Independent Clinical Archives
8.2 Picture Archiving and Communication System
8.3 Enterprise Viewers/Universal Viewers
8.4 Vendor Neutral Archive (VNA)
9. Medical Image Management Market Segmentation, By End-User
9.1 Diagnostic Imaging Centers
9.2 Hospitals
9.3 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profiles
11.1 Agfa-Gevaert Group
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Carestream Health
11.3 E. Healthcare
11.4 Fujifilm Holding Corporation
11.5 Esaote SpA
11.6 IBM Watson Health
11.7 Koninklijke Philips N.V.
11.8 Siemens Healthineers AG
11.9 Novarad
11.10 Sectra AB
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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