Medical imaging software market size to reach revenues of around USD 9B billion by 2026

In-depth analysis and data-driven insights on the impact of COVID-19 included in this global medical imaging software market report.

Key Highlights Offered in the Report: 

1. The global medical imaging software market is expected to grow with an incremental growth of approximately USD 3 billion and absolute growth of over 51% during the forecast period.
2. The medical image analysis software segment has the highest share of over 44% due to increasing hospitalization rates and assessment of disease progression and is likely to witness highest incremental growth of over USD 1.4 billion during the forecast period.
3. The ultrasound segment is likely to witness the highest incremental growth of around USD 635 million during the forecast period. Computerized tomography is expected to grow at a CAGR of around 9% during the forecast period.
4. The cardiology segment held the highest share of over 22% and the orthopedic segment is likely to witness a high incremental growth of over USD 640 million during the forecast period.
5. The 2D segment accounted for a significant share of over 71% and is expected to grow at a high incremental growth of above USD 2 billion during the forecast period.
6. North America accounted for the highest share of over 42% in the medical imaging software market with the US accounting for a share of over 90%.

Key Offerings:

• Market Size & Forecast by Revenue | 2020−2026
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by type, modality, application, imaging type, end-user, and geography
• Competitive Landscape – 11 key vendors and 26 other vendors

Medical Imaging Software Market – Segmentation

• Medical image analysis software is likely to reach over USD 4 billion by 2026. In 2020, the analysis software segment accounted for over 44%, mainly due to the increased demand for analyzing software. Medical imaging has grown into one of the fastest developing areas in the healthcare sector.
• The global ultrasound medical imaging software market is expected to reach over USD 2 billion by 2026, growing at a CAGR of approximately 6%. In 2020, the segment accounted for the market share of approximately 27%. The use of 3D technology in diagnostic radiology could develop better images and high-quality results, thereby influencing the market’s growth.
• In 2020, the orthopedics segment accounted for over 19% of the global medical imaging software market share. The introduction of advanced 3D digital technological advancements is modernizing orthopedic clinical practices as they allow complex structures to be manufactured in less duration.

PR Newswire