North American Market Insights on Medical Image Analysis Software: Insights and Forecast, 2018-2025: Emphasis on Vehicle Type (Passenger Carrier E-Rickshaw, Load Carrier E-Rickshaw), Battery Type (Sealed Lead Acid Battery E-Rickshaw, Li-Ion Battery E-Rickshaw), Ownership Type (Owned E-Rickshaw, Rented E-Rickshaw) and Region
- UNI4065849
- 143 Pages
- May 2019
- Healthcare
North America Medical Image Analysis Software market was valued at US$ 1,062.4 million in 2018 and is anticipated to display considerable CAGR of 6.36% over the forecast period (2019-2025). Medical imaging analysis software and their algorithms are among the key element of modern healthcare. Medical sector has become entirely dependent on medical image analysis techniques as it has made it easier for physicians to locate tumors and other hidden structures within the patient’s body. Imaging modalities have made impressive advancements over the past years. Image analysis software also allows the access of the data overseas at any remote location and in turn allowing the information to be shared with other practitioners. In today’s era, medicine is unimaginable without Computed Tomography, Magnetic Resonance Imaging, Ultrasound, and Positron Emission Tomography as well as combined hybrid technologies such as PET-CT and PET-MRI and image fusion.
Owing to the factors such as rapid growth in aging population and increasing incidence of chronic diseases in the US and Canada are the major driving factors for the North American Medical Image Analysis Software market. In addition, rising applications of Computer Aided Diagnostics (CAD) will further boost the market growth. However, high cost of software and unavailability of skilled professionals will act as a restraint for the adoption of this technology. Moreover, rapid technological advancements and improving healthcare environment will act as the opportunity for further evolution of this industry.
“Integrated Software is anticipated to dominate during the analyzed period.”
Integrated Software is anticipated to escalate the market growth due to the lower costs and centralized data storage. The segment is expected to grow due to the factors such as increased investments for medical Imaging technology paired with rising prevalence of chronic diseases are anticipated to propel the use of these software over the coming years.
“3D image expected to lead the market during the analyzed period.”
Medical image analysis software market is segmented based on image type including 2D image, 3D image and 4D image. 3D image was the most prominent used image type in the North American medical system and is expected to maintain its dominance throughout the forecast period 2019-2025.
“Computed Tomography held the largest market share in 2018 and are expected to dominate the market in 2025.”
The study further bifurcates the North American medical image analysis software market into different medical Imaging modalities including, X-ray radiography, ultrasound, computed tomography (CT), nuclear medicine including positron emission tomography (PET) and magnetic resonance imaging (MRI), wherein Computed Tomography technology held the largest market share in 2018 and is expected to dominate the market by 2025.
“Amongst application, cardiology holds the major share.”
Medical image analysis software holds a wide range of application such as cardiovascular, neurology, orthopedic, dental, mammography, Obstetrics and gynaecology and oncology, among others. Rising incidence of Cardiovascular disease will escalate the market growth and will hold the highest market share in this segment.
“Amongst end-users, hospitals are anticipated to dominate North America medical image analysis software market by 2025.”
Diagnostic centres, hospitals and Others (research laboratories) are the major end-users of this technology. Hospitals are anticipated to dominate this segment in 2025. Owing to the escalation in the incidence of chronic diseases in both US and Canada.
“United States represents as one of the largest markets of medical image analysis software in North America.”
For a deep dive analysis of the industry, the study also includes country level analysis, including countries such as U.S., Canada, Mexico, and Rest of North America. United States is considered as the largest market of this technology. Robust medical infrastructure is driving the market growth of this country.
Competitive Landscape-Top 10 Market Players
Canon Inc, Fujifilm Holdings Corporation, Watson Health Imaging, General Electric Company, McKesson Corporation, Agfa-Gevaert NV, Esaote S.p.A., Koninklijke Philips N.V., Siemens Healthcare, Hitachi Healthcare Manufacturing, Ltd. are some of the prominent players operating in the North America Medical Image Analysis Software industry. U.S. has captured the major share in North America medical image analysis software market due to the first mover advantage as majority of the players are headquartered in the U.S. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with innovative and hi-tech products.
Reasons to buy:
• The Medical Image Analysis Software Market study in North America region presents the current market size, trend, forecast until 2025. The analysis presented in the report is a combination of deep dive secondary research and input from Key Opinion Leader (KOL) of the industry
• The report presents a quick review of overall industry performance at one glance
• The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
• Detailed examination on regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
• Examination of industry attractiveness with the help of Porter’s Five Forces analysis
• The study comprehensively covers the market across different segments and sub segments
• Deep dive Country level analysis of the industry
Customization Options:
UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. The North America Medical Image Analysis Software Market can be customized for other North American countries as per the client’s requirement and based on data availability.
1.1 Market Defination 14
1.2 Objective of the Study 14
1.3 Limitation 14
1.4 Stakeholders 14
1.5 Currency used in the Report 15
1.6 Scope of the North American Medical Image Analysis Software Market 15
2. RESEARCH METHODOLOGY 16
2.1 Research Methodology for North America Medical Image Analysis Software Market Study 16
2.1.1 Main objective of the Medical Image Analysis Software Market Study 17
3. REGULATORY FRAMEWORK 18
3.1 North America 18
4. INDUSTRY PERFORMANCE 20
5. EXECUTIVE SUMMARY 22
6. MARKET OVERVIEW 24
6.1 Introduction 24
6.2 Market Dynamics 25
6.2.1 Market Trend & Drivers 25
6.2.1.1 The Rising Prevalence of Diseases 25
6.2.1.2 The Rise in Applications of Computer Aided Diagnostics (CAD) 28
6.2.1.3 Stringent Government Regulations and Schemes for Medical Imagining 29
6.2.2 Market Restraints 30
6.2.2.1 High Cost of Software 30
6.2.2.2 Unavailability of Skilled Professionals 30
6.2.3 Market Opportunities 31
6.2.3.1 Rapid Technological Advancements in Medical Imaging Systems 31
6.2.3.2 Improving Healthcare Environment 33
6.3 Key Market Indicators 34
6.3.1 Demand and Supply Side Analysis 34
6.3.1.1 Top Winning Strategies 34
6.3.1.1.1 Top Product launches 35
6.3.1.1.2 Top Acquisition and Collaborations 36
6.3.1.1.3 Top Investment, funding’s and business expansion 37
6.4 Value Chain Analysis 38
7. MARKET INSIGHTS BY SOFTWARE TYPE 40
7.1 General Overview 40
7.1.1 Standalone Software 41
7.1.2 Integrated Software 42
8. MARKET INSIGHTS BY IMAGE TYPE 43
8.1 General Overview 43
8.1.1 2-Dimensional Image (2D Image) 44
8.1.2 3-Dimentional (3D) 44
8.1.3 4-Dimensional (4D) 46
9. MARKET INSIGHTS BY IMAGING TECHNOLOGY 48
9.1 General Overview 48
9.1.1 Computed Tomography (CT) 49
9.1.2 Positron Emission Tomography (PET) 51
9.1.3 Single Photon Emission Computed Tomography (SPECT) 52
9.1.4 Magnetic Resonance Imaging (MRI) 52
9.1.5 Ultrasound Imaging 54
9.1.6 X-Ray Imaging 56
10. MARKET INSIGHTS BY APPLICATION 57
10.1 General Overview 57
10.1.1 Cardiovascular Medical Image Analysis Software 58
10.1.2 Neurology Medical Image Analysis Software 59
10.1.3 Orthopaedic Medical Image Analysis Software 61
10.1.4 Dental Medical Image Analysis Software 62
10.1.5 Mammography Medical Image Analysis Software 64
10.1.6 Obstetrics and Gynaecology Medical Image Analysis Software 66
10.1.7 Oncology Medical Image Analysis Software 66
11. MARKET INSIGHTS BY END USER 68
11.1 General Overview 68
11.1.1 Hospital 69
11.1.2 Diagnostic Centres 70
11.1.3 Others (Research Laboratories) 71
12. MARKET INSIGHTS BY COUNTRY 72
12.1 General Overview 72
12.2 The U.S. Medical Image Analysis Software Market 73
12.2.1 Key Findings on Healthcare Spending in the US, 2017 74
12.2.1.1 US Health Spending by Type of Service or Product, 2017 74
12.2.1.2 Health Spending by Major Sources of Funds 75
12.2.2 US Medical Image Analysis Software Market, by Software Type 76
12.2.3 US Medical Image Analysis Software Market, by Image Type 77
12.2.4 US Medical Image Analysis Software Market, by Imaging Technology 77
12.2.5 US Medical Image Analysis Software Market, by Application 78
12.2.6 US Medical Image Analysis Software Market, by End User 78
12.3 Canada Medical Image Analysis Software Market 79
12.3.1 Key Findings on Total Hospital Cost, by Health Conditions in Canada, 2016 81
12.3.2 Key Findings on Canada Healthcare Spending, 2018 81
12.3.3 Key Findings on Hospital sector Spending in Canada, 2018 82
12.3.4 Canada Medical Image Analysis Software Market, by Software Type 83
12.3.5 Canada Medical Image Analysis Software Market, by Image Type 83
12.3.6 Canada Medical Image Analysis Software Market, by Imaging Technology 84
12.3.7 Canada Medical Image Analysis Software Market, by Application 84
12.3.8 Canada Medical Image Analysis Software Market, by End User 85
12.4 Mexico Medical Image Analysis Software Market 85
12.4.1 Key Findings on Healthcare Spending in Mexico, 2016 86
12.4.2 Mexico Medical Image Analysis Software Market, By Software Type 88
12.4.3 Mexico Medical Image Analysis Software Market, By Image Type 88
12.4.4 Mexico Medical Image Analysis Software Market, By Imaging Technology 89
12.4.5 Mexico Medical Image Analysis Software Market, By Application 89
12.4.6 Mexico Medical Image Analysis Software Market, By End User 90
12.5 Rest of the NA Medical Image Analysis Software Market (2018-2025) 90
12.5.1 Rest of NA Medical Image Analysis Software Market, By Software Type 92
12.5.2 Rest of NA Medical Image Analysis Software Market, By Image Type 92
12.5.3 Rest of NA Medical Image Analysis Software Market, By Imaging Technology 93
12.5.4 Rest of NA Medical Image Analysis Software Market, By Application 93
12.5.5 Rest of NA Medical Image Analysis Software Market, By End User 94
13. COMPETITIVE SCENARIO 95
13.1 Porter’s Five Forces Analysis 95
13.1.1 Bargaining power of Buyer 95
13.1.2 Bargaining power of Supplier 96
13.1.3 Threat of new entrants 96
13.1.4 Availability of Substitute 96
13.1.5 Industry Rivalry 97
13.2 Diagnostic Imaging Market Share Analysis, by Company 98
14. TOP COMPANY PROFILES 100
14.1 Canon Inc. 100
14.1.1 Key Facts 100
14.1.2 Business Description 100
14.1.3 Key Product/Services Offerings 101
14.1.4 SWOT Analysis 102
14.1.5 Key Financials (2014-2018) 103
14.1.5.1 Revenue Split, by Region and Segment, 2018 103
14.1.6 Recent Developments 104
14.2 Fujifilm Holdings Corporation 105
14.2.1 Key Facts 105
14.2.2 Business Description 105
14.2.3 Key Product/Services Offerings 106
14.2.4 SWOT Analysis 107
14.2.5 Key Financials (2014-2018) 108
14.2.5.1 Revenue Split, by Region and Segment, 2018 109
14.2.6 Recent Developments 109
14.3 Watson Health Imaging 110
14.3.1 Key Facts 110
14.3.2 Business Description 110
14.3.3 Key Product/Services Offerings 110
14.3.4 SWOT Analysis 111
14.3.5 Recent Developments 112
14.3.6 Funding 112
14.4 General Electric Company 113
14.4.1 Key Facts 113
14.4.2 Business Description 113
14.4.3 Key Product/Services Offerings 114
14.4.4 SWOT Analysis 115
14.4.5 Key Financials (2014-2018) 116
14.4.5.1 Revenue Split, by Region and Segment, 2018 117
14.4.6 Recent Developments 117
14.5 McKesson Corporation. 118
14.5.1 Key Facts 118
14.5.2 Business Description 118
14.5.3 Key Product/Services Offerings 119
14.5.4 SWOT Analysis 119
14.5.5 Key Financials (2014-2018) 120
14.5.6 Recent Developments 121
14.6 Agfa-Gevaert NV 122
14.6.1 Key Facts 122
14.6.2 Business Description 122
14.6.3 Key Product/Services Offerings 123
14.6.4 SWOT Analysis 124
14.6.5 Key Financials (2014-2018) 125
14.6.5.1 Revenue Split, by Region and Segment, 2018 126
14.6.6 Recent Developments 126
14.7 Esaote S.p.A. 127
14.7.1 Key Facts 127
14.7.2 Business Description 127
14.7.3 Key Product/Services Offerings 128
14.7.4 SWOT Analysis 128
14.7.5 Recent Developments 129
14.8 Koninklijke Philips N.V. 130
14.8.1 Key Facts 130
14.8.2 Business Description 130
14.8.3 Key Product/Services Offerings 131
14.8.4 SWOT Analysis 131
14.8.5 Key Financials (2014-2018) 132
14.8.5.1 Revenue Split, by Region and Segment, 2018 133
14.8.6 Recent Developments 133
14.8.7 Funding 134
14.9 Siemens Healthineers AG. 135
14.9.1 Key Facts 135
14.9.2 Business Description 135
14.9.3 Key Product/Services Offerings 136
14.9.4 SWOT Analysis 136
14.9.5 Key Financials (2015-2018) 137
14.9.5.1 Revenue Split, by Region and Segment 138
14.9.6 Recent Developments 138
14.10 Hitachi Healthcare Manufacturing, Ltd. 140
14.10.1 Key Facts 140
14.10.2 Business Description 140
14.10.3 Key Product/Services Offerings 140
14.10.4 SWOT Analysis 141
14.10.5 Recent Developments 142
TABLE 2 Canon Inc. Key Facts 99
TABLE 3 Product segmentation of Canon Inc. 100
TABLE 4 Canon Inc. Growth Strategy 100
TABLE 5 Fujifilm Holdings Corporation Key Facts 104
TABLE 6 Product segmentation of Fujifilm Holdings Corporation 105
TABLE 7 FUJIFILM Holdings Corporation Growth Strategy 105
TABLE 8 Watson Health Imaging Key Facts 109
TABLE 9 Product segmentation of Watson Health Imaging 109
TABLE 10 Watson Health Imaging Growth Strategy 110
TABLE 11 General Electric Company Key Facts 112
TABLE 12 Product segmentation of General Electric 113
TABLE 13 General Electric Growth Strategy 113
TABLE 14 McKesson Corporation Key Facts 117
TABLE 15 Product segmentation of McKesson Corporation 118
TABLE 16 McKesson Corporation Growth Strategy 118
TABLE 17 Agfa-Gevaert NV Key Facts 121
TABLE 18 Product segmentation of Agfa-Gevaert NV 122
TABLE 19 Agfa-Gevaert NV Growth Strategy 122
TABLE 20 Esaote S.p.A. Key Facts 126
TABLE 21 Product segmentation of Esaote S.p.A. 127
TABLE 22 Esaote S.p.A. Growth Strategy 127
TABLE 23 Koninklijke Philips N.V. SE Key Facts 129
TABLE 24 Product segmentation of Koninklijke Philips N.V. 130
TABLE 25 Koninklijke Philips N.V. Growth Strategy 130
TABLE 26 Siemens Healthcare AG Key Facts 134
TABLE 27 Product segmentation of SIEMENS HEALTHINEERS 135
TABLE 28 SIEMENS HEALTHINEERS Growth Strategy 135
TABLE 29 Hitachi Healthcare Manufacturing, Ltd. Key Facts 139
TABLE 30 Product segmentation of Hitachi Healthcare Manufacturing, Ltd. 139
TABLE 31 Hitachi Healthcare Manufacturing, Ltd. Growth Strategy 140
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