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Cardiology Segment of the Global Medical Image Analysis Software Market to Grow at an Outstanding CAGR in Coming Years

MTF Biologics

Medical Imaging refers to different technologies that can be used to view anatomical and physiological process of the human body. Medical imaging is done in order to diagnose, monitor, or treat medical conditions. Each type of technology guide us for different functions of our body which are been studies for treatment. Medical imaging has made interventions of treatment especially for diseases such as cancer and cardiovascular diseases. Medical imaging software plays a vital role in capturing of images and creating a database for the same.

Geographically, the medical image analysis software market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America accounted the major share of the global medical image analysis software market in terms of revenue and expected to grow in the forecast period due to increasing incidence of cancer and cardiovascular diseases.

Medical image analysis software market is segmented into CT, MRI, PET, SPECT, ultrasound, radiographic imaging and other modalities.

Ultrasound accounted for the major market share in terms of revenue and is expected to remain a dominant in terms of revenue during the forecast period. The radiographic imaging is the second largest segment. The increasing incidence of cancer, cardiovascular diseases and other chronic disorders expected to drive the growth of the market in the forecast period. By application, the medical image analysis software market is dominated by oncology. The growth of the segment is attributed due to increasing prevalence of cancer across the globe.

According to WHO, cancer is the leading cause of morbidity and mortality worldwide and it is estimated that approximately 14 million new cases of cancer are detected every year across the globe.

Major players operating in the medical image analysis software market are GE Healthcare, Siemens Healthineers, Agfa-Gevaert N.V., Hologic Inc., Pie Medical Imaging, Media Cybernetics, Inc., AQUILAB, MIM Software Inc., Merge Healthcare Incorporated., ScienceSoft USA Corporation., and others.

 

Reference –

http://www.transparencymarketresearch.com/medical-image-analysis-software-market.html

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