This report studies the global medical image analysis software market over the forecast period 2012-2017, analyzes and studies the major market drivers, restraints, and opportunities in Americas, Europe, Asia, and Rest of the World.
Software has become an integral part of the diagnostic machines to provide better quality of images in a shorter time. The medical image analysis software market is driven by the increasing demand of the imaging modalities across various indications such as oncology, cardiology and neurology. Fusion of technologies, CAD increasing applications in diagnostic and automated image analysis are the major drivers of the medical image analysis market. The major restraints of the market are inherent difficulties associated with software and hacking which is a major concern associated with software.
The global medical image analysis software market is expected to grow at a CAGR of 7.2% from 2012 to 2017. The growth is mainly being driven by standalone software market.
The market for image analysis software is broadly divided into integrated software and Standalone market. The integrated software provided by the OEMs has the highest share, as the OEM equipment come along with a set of software which is used for image analysis. This software is in built in the system and it has to be present for proper functioning of the device.
The market has a few well-established firms and several small firms operating in this industry. The major players in this market include GE Healthcare (U.K.), Siemens (Germany), Philips (The Netherlands), Toshiba Medical systems (Japan), Agfa healthcare (Belgium), etc. The smaller players include Claron Technologies (Canada), Care stream Health, Inc. (U.S.), Medviso AB (Sweden), Merge Healthcare (U.S.), etc.