The Medical Image Management Market is anticipated to achieve a valuation of $7.22 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 7.6% from 2023 to 2030. Medical imaging assumes a crucial role across diverse medical settings and at all major levels of healthcare. Diagnostic imaging is imperative for confirming and evaluating the progression of diseases and, consequently, the response to treatment. Management solutions, including PACS and VNA, are implemented to effectively handle medical image data, ensuring proper storage, organized analysis, archival, sharing, and overall management. Furthermore, medical image management solutions facilitate the integration of medical image data with patient records in electronic health records, health information systems, and radiology information systems (RIS).
The growth of this market is propelled by factors such as the increasing global geriatric population, rising demand for medical imaging equipment, augmented investments in medical imaging technologies, technological advancements in diagnostic imaging modalities, and the expanding adoption of healthcare IT and Electronic Health Records (EHR). Additionally, the integration of Picture Archiving and Communication System (PACS) and Vendor Neutral Archive (VNA) with Electronic Medical Records (EMR), unexplored markets in emerging economies, the infusion of artificial intelligence in medical imaging, the surging adoption of hybrid and cloud-based medical imaging solutions, the flourishing telehealth market, and the rapid expansion of big data in the healthcare sector are expected to create growth opportunities for stakeholders in the market.
Here are the top 10 companies operating in the Medical Image Management Market:
Koninklijke Philips N.V. (Netherlands)
• Established in 1891, headquartered in Amsterdam, Netherlands.
• Operates through four business segments: Personal Health, Diagnosis & Treatment, Connected Care, and Other.
• Geographic presence in more than 75 countries globally.
GE Healthcare (U.S.)
• Founded in 1892, headquartered in Illinois, U.S.
• Subsidiary of General Electric Company (GE).
• Operates through four business segments: Aviation, Healthcare, Power, and Renewable Energy.
FUJIFILM Holdings Corporation (Japan)
• Founded in 1934, headquartered in Tokyo, Japan.
• Operates through four business segments: Healthcare, Materials, Business Innovation, and Imaging.
• Has 310 consolidated subsidiaries worldwide.
Sectra AB (Sweden)
• Established in 1978, headquartered in Linköping, Sweden.
• Operates through three business segments: Imaging IT Solutions, Business Innovations, and Secure Communications.
• Direct sales in 19 countries.
Agfa-Gevaert NV (Belgium)
• Founded in 1867, headquartered in Mortsel, Belgium.
• Operates through four segments: Radiology Solutions, Digital Print & Chemicals, HealthCare IT, and Offset Solutions.
• Manufacturing sites in China, Germany, Brazil, Italy, the U.S., Canada, and Belgium.
INFINITT Healthcare Co., Ltd. (South Korea)
• Established in 2002, headquartered in Seoul, South Korea.
• Provides medical imaging and information capabilities globally.
• Regional offices and distributors present worldwide.
Siemens Healthineers AG (Germany)
• Founded in 1847, headquartered in Erlangen, Germany.
• Operates through four business segments: Imaging, Diagnostics, Varian, and Advanced Therapies.
• Direct presence in more than 70 countries.
Mach7 Technologies (U.S.)
• Established in 2007, headquartered in Vermont, U.S.
• Specializes in software product development, offering enterprise imaging solutions.
• Geographic presence in 15 countries.
Change Healthcare Inc. (U.S.)
• Founded in 2007, headquartered in Tennessee, U.S.
• Provides software and analytics, network solutions, and technology-enabled services.
• Operates in three business segments: Software and Analytics, Network Solutions, and Technology-Enabled Services.
Merative (U.S.)
• Established in 2022, headquartered in Michigan, U.S.
• Formerly IBM Watson Health, it deals with data and technology, including healthcare analytics, clinical decision support, and enterprise imaging.
For a more in-depth analysis of each company, including recent financial performance, key products, significant company strategies, and partnerships/acquisitions, refer to Meticulous Research®’s comprehensive report on the Medical Image Management Market – Global Opportunity Analysis and Industry Forecast (2023-2030).