Transparency Market Research (TMR) has published a new report titled, ‘Medical Image Analysis Software
Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to
the report, the global medical image analysis software market was valued at US$ 2.91 Bn in 2018 and is
projected to expand at a CAGR of 8.1% from 2019 to 2027.
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
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Increasing demand for medical imaging to Drive Market
Medical imaging provides diagnosis of various diseases such as cancer, cardiovascular diseases,
and neurological and gynecological disorders. Undergoing the medical imaging procedures such
as CT, MRI, ultrasound, PET, and SPECT has various benefits such as early diagnosis of a disease,
less need for surgery, fewer hospital admissions, and reduction in hospital stay.
In the emergency department, medical imaging has shortened the patient’s waiting time.
According to American College of Radiology, the diagnostic imaging industry has expanded over
a decade due to the population being covered under Medicare, particularly for expensive
techniques such as CT, MRI, and PET.
According to NHS England, 39.8 million imaging tests were reported in England by the end of
March 2017, as compared to 37.9 million imaging tests by the end of March 2014. Among these,
22.6 million tests were radiography, 8.57 million were ultrasound