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Medical Imaging Software Market Size By Imaging Type (3D Imaging, 2D Imaging, and 4D Imaging), By Application (Orthopedic, Cardiology, Dental, Obstetrics & Gynecology, Mammography, and Urology & Nephrology), Regions, Segmentation, and Projection till 2030

CAGR: 8.3%Current Market Size: USD 2.46 BillionFastest Growing Region: APAC

Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022

Global Medical Imaging Software Market- Market Overview:

The global medical imaging software market is expected to grow from USD 2.46 billion in 2022 to USD 4.65 billion by 2030, at a CAGR of 8.3% during the Projection period 2023-2030. The growth of the medical imaging software market is mainly driven by the continuous development in the field of imaging technology.

Medical imaging software is mainly used to view, train, store, and share medical data in order to improve the effectiveness of the chosen medical treatment. Medical imaging software is divided into two categories: 2D imaging and 3D imaging. Medical personnel can use this program to track, preserve, alter, and manage patient photos and administrative workflow. Hospitals are the principal treatment facility for any form of diagnostic and treatment, and they have the majority of facilities and healthcare experts. Supportive infrastructure, which is crucial in performing surgical treatments utilizing medical imaging software, contributes to growth. Hospitals have a larger installed base of diagnostic imaging equipment and solutions than research and diagnostic institutes. The increasing prevalence of chronic diseases drives demand for effective diagnostics, which drives demand for medical imaging software. The rapid expansion can be attributed mostly to an increase in the use and adoption of image analysis technologies for diagnosis. Furthermore, the increasing emphasis on providing better treatment has resulted in the adoption of various computer-aided diagnosis technologies, which is adding to market growth. The development of technologically advanced goods like 3D/4D platforms and multimodality imaging platforms is also expected to boost software demand in the next years. Numerous advantages, such as high-resolution photos and flexibility, as well as the simplicity of use of multi-modal integrated workflows, are likely to boost demand and enhance product penetration over the Projection period.

Sample Request: - Global Medical Imaging Software Market

Market Dynamics:

Drivers:                          

  • Advanced Form of Medical Imaging Software

A more advanced form of medical imaging software is required for the advanced treatment of persons with arthritis, cancer, and other diseases. This improved image is utilized to promote patient care and boost operational productivity by delivering more information about patient problems to doctors and other healthcare professionals. Demand for diagnostic imaging software in applications such as dentistry, cardiology, orthopedics, obstetrics and gynecology, urology, and neurology, mammography, is likely to drive market growth.

Restraints:                                             

  • High Cost

The most significant impediment to market expansion is the high cost of imaging equipment, paired with rising implementation and license fees for software, particularly in countries with poor reimbursement scenarios. Most healthcare institutions in impoverished countries, for example, such as hospitals and diagnostic centers, have fees which are restricting the market.

Opportunities:

  • Rising Prevalence of Diseases

The rising prevalence of lifestyle-related diseases, rising demand for early detection tools, technological advancements to improve turnaround time, increased government investment and reimbursement initiatives, and expansions of new facilities by market players in developing countries are expected to drive market growth. For example, in June 2021, the Indian government released X-Ray Setu, a free Artificial Intelligence (AI)- based tool designed to assist doctors with early COVID-19 therapies. Siemens Healthineers opened a new CT scanner production line in India in 2022 to meet the growing demand for CT scanners and strengthen its market position.

Challenges:

  • Lack of Professionals

The shortage of competent medical professionals to handle medical imaging software may have a detrimental impact on market growth. Furthermore, the high installation and maintenance costs, most healthcare facilities in developing nations, such as diagnostic centers and hospitals, cannot afford these systems.

Segmentation Analysis:

The global medical imaging software market has been segmented based on imaging type, application, and region.

By Imaging Type

The imaging type segment is 3D imaging, 2D imaging, and 4D imaging. The 2D imaging segment led the largest share of the medical imaging software market with a market share of around 40.23% in 2022. Pericardial effusion is best visualized with two-dimensional imaging. The amount and distribution of fluid should be examined from different imaging windows and planes. It is necessary to identify whether the effusion is loculated and whether it is circumferential.

By Application

The application segment is orthopedic, cardiology, dental, obstetrics & gynecology, mammography, and urology & nephrology. The cardiology segment led the largest share of the medical imaging software market with a market share of around 38.30% in 2022. The global prevalence of chronic cardiac disorders is increasing, which is driving up demand for medical imaging software. With such increased demand, leading market players are focused on research and development, new product releases, joint ventures, and acquisitions to grow their operations. For example, in March 2022, Philips launched Health Suite Interoperability, a fully integrated cloud-enabled Health IT platform designed to suit the imaging industry's various workflow expectations.

Global Medical Imaging Software Market - Sales Analysis.

The sale of the medical imaging software market expanded at a CAGR of 7.3% from 2016 to 2022.

The increasing demand for cutting-edge imaging modalities by teaching hospitals and universities to provide advanced technology training is likely to have a substantial impact on market growth over the Projection years. Furthermore, the use of AI to automate picture quantification and identification is projected to drive market expansion. For example, Google's AI platform, Deepmind, cooperated with Moorfields Eye Hospital to analyze all optical CT scan eye scans to ensure early identification of age-related macular degeneration.

Thus, owing to the aforementioned factors, the global medical imaging software market is expected to grow at a CAGR of 8.3% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the medical imaging software market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the medical imaging software market and held a 38.4% share of the market revenue in 2022.

  • The North America region witnessed a major share. The region has made significant expenditures in medical infrastructure, particularly in countries such as the United States, Mexico, and Canada. Furthermore, the presence of well-established healthcare institutions equipped with contemporary diagnostic equipment, as well as favorable government policies to increase the use of healthcare IT in this region, can be linked to the expansion. Additionally, increased R&D investments and the presence of major market rivals are driving the regional market growth. Enlitic, one of the major healthcare IT organizations, announced a new relationship with MULTI Inc., a healthcare technology provider of genuine parts, equipment, and services, in October 2022.
  • Asia-Pacific is anticipated to experience significant growth during the Projection period. Because of the increasing prevalence of chronic diseases and the strong need for sophisticated imaging devices. A growing number of local manufacturing units are projected to produce reasonably priced diagnostic devices which is boosting the market growth.

Global Medical Imaging Software Market - Country Analysis:

  • Germany

Germany's medical imaging software market size was valued at USD 0.17 billion in 2022 and is expected to reach USD 0.32 billion by 2030, at a CAGR of 8.4% from 2023 to 2030. The existence of a large number of industry participants in the region, as well as the high frequency of new product releases, are factors contributing to regional market growth.

  • China

China’s medical imaging software market size was valued at USD 0.18  billion in 2022 and is expected to reach USD 0.34 billion by 2030, at a CAGR of 8.6% from 2023 to 2030. Numerous advantages, such as high-resolution photos and flexibility, as well as the simplicity of use of multi-modal integrated workflows, are likely to boost demand in the region and enhance product penetration over the Projection period.

  • India

India's medical imaging software market size was valued at USD 0.14 billion in 2022 and is expected to reach USD 0.26 billion by 2030, at a CAGR of 8.5% from 2023 to 2030. The rising prevalence of lifestyle-related disorders is expected to drive market expansion. For example, in June 2021, the Indian government released X-Ray Setu, a free Artificial Intelligence (AI)-based tool designed to assist doctors with early COVID-19 therapies. Siemens Healthineers opened a new CT scanner production line in India in 2022 to meet the growing demand for CT scanners and strengthen its market position.

Key Industry Players Analysis:

To increase their market position in the global medical imaging software market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.         

  • GE Healthcare
  • Mindray Medical International
  • Koninklijke Philips N.V.
  • Siemens Healthineers
  • Samsung Medison Co., Ltd.
  • Canon Medical Systems Corp.
  • PerkinElmer Inc.
  • Esaote
  • Hologic, Inc.
  • Koning Corporation
  • FUJIFILM VisualSonics Inc.
  • Cubresa Inc.

Latest Development:

  • In February 2022 – The European Society of Radiology and GE Healthcare renewed their strategic relationship for the online European Congress of Radiology ECR 2022, which will take place March 2-6, 2022, and the onsite ECR 2022, which will take place July 13-17 in Vienna, Austria. GE Healthcare's activities would be concentrated on three strategic pillars: digital and artificial intelligence, patient experience, and sustainability and resilience.
  • In July 2022, Canon Medical introduced the Vantage Fortian at ECR. The new MRI system incorporates novel workflow solutions, image enhancement, and quicker scan technologies, all of which contribute to faster MRI treatment times.
  • In July 2022, Calyx and Qynapse have teamed to improve the use of AI-based neuroimaging techniques in clinical trials of therapy options for the central nervous system (CNS) or brain and spinal cord issues.

Report Metrics

Report Attribute 

Details

Study Period

2022-2030

Base year

2022

CAGR (%)

8.3%

Market Size

2.46 billion in 2022

Projection period

2023-2030

Projection unit

Value (USD)

Segments covered

By Imaging Type, By Application, and By Region.

Report Scope

Revenue Projection, competitive landscape, company ranking, growth factors, and trends

Companies covered

GE Healthcare, Mindray Medical International, Koninklijke Philips N.V., Siemens Healthineers, Samsung Medison Co., Ltd., Canon Medical Systems Corp., PerkinElmer Inc., Esaote, Hologic, Inc., Koning Corporation, FUJIFILM VisualSonics Inc., and Cubresa Inc.

By Imaging Type

  • 3D Imaging
  • 2D Imaging
  • 4D Imaging              

By Application

  • Orthopedic
  • Cardiology
  • Dental
  • Obstetrics & Gynecology
  • Mammography
  • Urology & Nephrology 

Regional scope

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Scope of the Report

Global Medical Imaging Software Market By Imaging Type:

  • 3D Imaging
  • 2D Imaging
  • 4D Imaging

Global Medical Imaging Software Market By Application:

  • Orthopedic
  • Cardiology
  • Dental
  • Obstetrics & Gynecology
  • Mammography
  • Urology & Nephrology

Global Medical Imaging Software Market By Region:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
  • Asia-Pacific
    • Japan
    • China
    • India
    • Korea
    • Southeast Asia
  • South America
    • Brazil
    • Peru
  • Middle East and Africa
    • UAE
    • South Africa
    • Saudi Arabia

Frequently Asked Questions

What will be the expected market size of the medical imaging software market in 2030?

Global medical imaging software market is expected to reach USD 4.65 billion by 2030.

What is the CAGR of the medical imaging software market?

The medical imaging software market is projected to have a CAGR of 8.3%.

What are the key factors for the growth of the medical imaging software market?

A more advanced form of medical imaging software is required for the advanced treatment of persons with arthritis, cancer, and other diseases. This improved image is utilized to promote patient care and boost operational productivity by delivering more information about patient problems to doctors and other healthcare professionals.

Which are the leading market players active in the medical imaging software market?

Leading market players active in the global medical imaging software market are GE Healthcare, PerkinElmer Inc., Koninklijke Philips N.V., Siemens Healthineers Canon Medical Systems Corporation, Esaote, Hologic, Inc., Samsung Medison Co., Ltd., Mindray Medical International, Koning Corporation, FUJIFILM VisualSonics Inc., Cubresa Inc. among others.

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  1. Introduction
    • 1. Objectives of the Study
    • 2. Market Definition
    • 3. Research Scope
  2. Research Methodology and Assumptions
  3. Executive Summary
  4. Premium Insights
    • 1. Porter’s Five Forces Analysis
    • 2. Value Chain Analysis
    • 3. Top Investment Pockets
      • 3.1. Market Attractiveness Analysis by Imaging Type
      • 3.2. Market Attractiveness Analysis by Application
      • 3.3. Market Attractiveness Analysis by Region
    • 4. Industry Trends
  5. Market Dynamics
    • 1. Market Evaluation
    • 2. Drivers
      • 2.1. Advanced Form of Medical Imaging Software
    • 3. Restraints
      • 3.1. High Cost
    • 4. Opportunities
      • 4.1. Rising Prevalence of Diseases
    • 5. Challenges
      • 5.1. Lack of Professionals
  1. Global Medical Imaging Software Market Analysis and Projection, By Imaging Type
    • 1. Segment Overview
    • 2. 3D Imaging
    • 3. 2D Imaging
    • 4. 4D Imaging
  2. Global Medical Imaging Software Market Analysis and Projection, By Application
    • 1. Segment Overview
    • 2. Orthopedic
    • 3. Cardiology
    • 4. Dental
    • 5. Obstetrics & Gynecology
    • 6. Mammography
    • 7. Urology & Nephrology
  3. Global Medical Imaging Software Market Analysis and Projection, By Regional Analysis
    • 1. Segment Overview
    • 2. North America
      • 2.1. U.S.
      • 2.2. Canada
      • 2.3. Mexico
    • 3. Europe
      • 3.1. Germany
      • 3.2. France
      • 3.3. U.K.
      • 3.4. Italy
      • 3.5. Spain
    • 4. Asia-Pacific
      • 4.1. Japan
      • 4.2. China
      • 4.3. India
    • 5. South America
      • 5.1. Brazil
    • 6. Middle East and Africa
      • 6.1. UAE
      • 6.2. South Africa
  1. Global Medical Imaging Software Market-Competitive Landscape
    • 1. Overview
    • 2. Market Share of Key Players in the Medical Imaging Software Market
      • 2.1. Global Company Market Share
      • 2.2. North America Company Market Share
      • 2.3. Europe Company Market Share
      • 2.4. APAC Company Market Share
    • 3. Competitive Situations and Trends
      • 3.1. Technology Launches and Developments
      • 3.2. Partnerships, Collaborations, and Agreements
      • 3.3. Mergers & Acquisitions
      • 3.4. Expansions
  1. Company Profiles
    • GE Healthcare
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Mindray Medical International
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Koninklijke Philips N.V.
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Siemens Healthineers
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Samsung Medison Co., Ltd.
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Canon Medical Systems Corp.
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • PerkinElmer Inc.
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Esaote
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Hologic, Inc.
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Koning Corporation
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • FUJIFILM VisualSonics Inc.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Cubresa Inc.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

  1. Global Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  2. Global 3D Imaging, Medical Imaging Software Market, By Region, 2023–2030 (USD Billion)
  3. Global 2D Imaging, Medical Imaging Software Market, By Region, 2023–2030 (USD Billion)
  4. Global 4D Imaging, Medical Imaging Software Market, By Region, 2023–2030 (USD Billion)
  5. Global Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  6. Global Orthopedic, Medical Imaging Software Market, By Region, 2023–2030 (USD Billion)
  7. Global Cardiology, Medical Imaging Software Market, By Region, 2023–2030 (USD Billion)
  8. Global Dental, Medical Imaging Software Market, By Region, 2023–2030 (USD Billion)
  9. Global Obstetrics & Gynecology, Medical Imaging Software Market, By Region, 2023–2030 (USD Billion)
  10. Global Mammography, Medical Imaging Software Market, By Region, 2023–2030 (USD Billion)
  11. Global Urology & Nephrology, Medical Imaging Software Market, By Region, 2023–2030 (USD Billion)
  12. Global Medical Imaging Software Market, By Region, 2023–2030 (USD Billion)
  13. North America Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  14. North America Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  15. USA Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  16. USA Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  17. Canada Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  18. Canada Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  19. Mexico Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  20. Mexico Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  21. Europe Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  22. Europe Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  23. Germany Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  24. Germany Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  25. France Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  26. France Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  27. UK Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  28. UK Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  29. Italy Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  30. Italy Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  31. Spain Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  32. Spain Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  33. Asia Pacific Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  34. Asia Pacific Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  35. Japan Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  36. Japan Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  37. China Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  38. China Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  39. India Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  40. India Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  41. South America Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  42. South America Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  43. Brazil Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  44. Brazil Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  45. Middle East and Africa Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  46. Middle East and Africa Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  47. UAE Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  48. UAE Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)
  49. South Africa Medical Imaging Software Market, By Imaging Type, 2023–2030 (USD Billion)
  50. South Africa Medical Imaging Software Market, By Application, 2023–2030 (USD Billion)

List of Figures 

  1. Global Medical Imaging Software Market Segmentation
  2. Medical Imaging Software Market: Research Methodology
  3. Market Size Estimation Methodology: Bottom-Up Approach
  4. Market Size Estimation Methodology: Top-Down Approach
  5. Data Triangulation
  6. Porter’s Five Forces Analysis
  7. Value Chain Analysis
  8. Global Medical Imaging Software Market Attractiveness Analysis by Imaging Type
  9. Global Medical Imaging Software Market Attractiveness Analysis by Application
  10. Global Medical Imaging Software Market Attractiveness Analysis by Region
  11. Global Medical Imaging Software Market: Dynamics
  12. Global Medical Imaging Software Market Share by Imaging Type (2023 & 2030)
  13. Global Medical Imaging Software Market Share by Application (2023 & 2030)
  14. Global Medical Imaging Software Market Share by Regions (2023 & 2030)
  15. Global Medical Imaging Software Market Share by Company (2021)

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