Meticulous Research®, a leading market research firm, has released a detailed report titled, "Medical Image Management Market by Product {PACS [Departmental (Radiology, Cardiology), Enterprise], VNA [(On-Premise, Hybrid, Cloud), (Independent, PACS Vendor)], AICA, Universal Viewer}, End User (Hospital, Diagnostic Center) - Global Forecast to 2030." According to this latest report, the medical image management market is anticipated to reach $7.22 billion by 2030, growing at a CAGR of 7.6% during the forecast period from 2023 to 2030.
Key Market Drivers
The market's growth is driven by several key factors:
Rising Global Geriatric Population: Increasing elderly population necessitates advanced medical imaging solutions.
Growing Demand for Medical Imaging Equipment: The need for enhanced diagnostic capabilities is propelling demand.
Increasing Investments in Medical Imaging Technologies: Continuous funding in new technologies fuels market growth.
Technological Advancements in Diagnostic Imaging Modalities: Innovations enhance accuracy and efficiency in diagnostics.
Growing Healthcare IT and EHR Adoption: Better integration with IT systems improves operational efficiencies.
Emerging Opportunities
Significant opportunities are identified in the market:
Integration of PACS & VNA with EMR: Streamlining workflows and enhancing data accessibility.
Untapped Markets in Emerging Economies: Developing healthcare infrastructure in emerging markets offers growth potential.
Penetration of Artificial Intelligence in Medical Imaging: AI-driven analysis improves imaging accuracy and efficiency.
Rising Adoption of Hybrid & Cloud-Based Medical Imaging Solutions: Demand for scalable and flexible solutions is on the rise.
Growing Telehealth Market: Remote diagnostics drive the need for advanced image management.
Increase in Big Data in Healthcare: Leveraging analytics for better patient outcomes and decision-making.
Market Segmentation
The global medical image management market is categorized into:
Product:
Picture Archive Communication System (PACS)
Vendor Neutral Archive (VNA)
Application-independent Clinical Archives (AICA)
Enterprise/Universal Viewers
End User:
Hospitals
Diagnostic Imaging Centers
Other End Users
Geography:
North America (U.S., Canada)
Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe)
Asia-Pacific (China, Japan, India, and RoAPAC)
Latin America
Middle East & Africa
Dominant Segments
Product Segment: PACS is expected to lead the market in 2023, with the departmental PACS subsegment accounting for the largest share due to its efficiency in reducing traditional imaging barriers.
End User Segment: Hospitals are projected to dominate the market in 2023, supported by the proliferation of hospitals and partnerships with solution providers.
Geography: North America is expected to lead the market in 2023, followed by Europe and Asia-Pacific, due to a well-established healthcare system and high technology adoption.
Leading Market Players
Key players in the medical image management market include:
Novarad Corporation (U.S.)
Koninklijke Philips N.V. (Netherlands)
INFINITT Healthcare Co., Ltd. (South Korea)
Siemens Healthineers AG (Germany)
Hyland Software, Inc. (U.S.)
Agfa-Gevaert NV (Belgium)
GE Healthcare (U.S.)
Mach7 Technologies (U.S.)
BridgeHead Software Ltd. (U.K.)
FUJIFILM Holdings Corporation (Japan)
Merative (U.S.)
Sectra AB (Sweden)
Change Healthcare Inc. (U.S.)
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Key Questions Addressed in the Report
What are the high-growth segments in terms of product, end user, and geography?
What was the historical market trend for medical image management globally?
What are the market forecasts for the period 2023–2030?
What are the major drivers, restraints, opportunities, and challenges in the market?
Who are the major players, and what is the competitive landscape?
What are the recent developments in the medical image management market?
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Meticulous Research®’s latest report offers a thorough analysis of the medical image management market, highlighting key growth drivers, opportunities, and competitive dynamics, providing stakeholders with valuable insights to make informed decisions and leverage emerging trends.