Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.26 Million | USD 4.95 Million | 9.4% | 2021 |
FrequentlyAsked Questions
Wide use of computer-aided diagnosis is anticipated to foster the market growth. Computer-aided diagnosis (CAD) strives to give a computer-assisted technique of data interpretation. Statistics, physics, mathematics, computer vision, and image processing are all combined in CAD to aid radiologists in their analysis and operational decisions. Image feature extraction, initial detection, and image enhancement, including segmentation, are all part of CAD image analysis. This approach benefits radiologists in reducing manual data interpretation errors and in diagnosing problems that are frequently overlooked during manual analysis operations.
According to the Zion Market Research report, the global medical image analysis software market was worth about 3.26 (USD billion) in 2021 and is predicted to grow to around 4.95 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 9.4 percent.
The medical image analysis software market is likely to be dominated by North America. The increasing elderly population, high prevalence of multiple diseases, significant number of imaging centers in this region, high investments in the research, rapid acceptance of technically sophisticated imaging systems, and rising awareness about the benefits of early disease diagnosis are just a few of the key factors driving the market growth in this region.
Some of the key players operating in the global medical image analysis software market include Carestream Health, Inc., AGFA Healthcare, GE Healthcare, Toshiba Medical Systems Corporation, AQUILAB, Esaote S.p.A, Merge Healthcare, Inc., Image Analysis, INFINITT Healthcare Co, Ltd., Mirada Medical Limited, MIM Software Inc., Philips Healthcare, Siemens Healthineers, ScienceSoft USA Corporation, and Xinapse Systems Ltd.
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