This Report Provides In-Depth Analysis of the Medical Image Analysis Software Market Report Prepared by P&S Intelligence, Segmented by Application (Cardiology, Orthopedics, Oncology, Neurology, Obstetrics & Gynecology, Dentistry, Pulmonology, Urology & Nephrology), Software Type (Integrated, Standalone), Image Type (2D, 3D, 4D), Modality (Computed Tomography, Magnetic Resonance Imaging, Positron Emission Tomography, Single-Photon Emission Tomography, Ultrasound, Radiography, Mammography), End User (Hospitals, Diagnostic Imaging Centers), and Geographical Outlook for the Period of 2025 to 2032
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Medical Image Analysis Software Market Future Prospects
The medical image analysis software market size stands at USD 3.6 billion in 2024, and it is expected to grow at a compound annual growth rate of 7.2% during 2025–2032, to reach USD 6.2 billion by 2032. The growth can be primarily ascribed to the rising population increasing incidence of chronic diseases and widening application area of computer-aided diagnosis. Essentially, the surge in the demand for diagnostic imaging in fields such as cardiology, oncology, orthopedics, urology, and neurology is likely to contribute to the market growth.
A range of non-communicable or chronic disorders can be diagnosed using radiography, ultrasonography, MRI, and nuclear imaging, which can produce visual representations of the insides of the body. The growing need for modern software and improved imaging technologies is, thus, expected to improve the market outlook.
The COVID-19 pandemic slightly impacted the industry growth, by leading to a reduction in the volume of imaging studies. But, radiological imaging, especially chest CT, played an important role in diagnosing COVID-19 and associated diseases.
Medical Image Analysis Software Market Trends and Growth Drivers
Integration of CAD and AI in Medical Image Analysis Is Major Trend
The constant scientific advancements in imaging technologies, particularly in CAD and AI-integrated solutions, are among the key trends in the global healthcare industry.
AI-based medical imaging improves diagnosis, detection, and clinical decision support activities. Although AI is yet an evolving application within MRI and CT, the growing need for accuracy and patient safety is fueling its integration.
Other advanced technologies, such as multimodality and 3D imaging platforms, also promise higher-resolution imaging capability with user-friendly interfaces, making them suitable for healthcare professionals.
Moreover, through ML and deep learning algorithms, CAD automates processing tasks, including feature extraction and pattern recognition from the complex imaging data emerging from the ever-increasing volume of medical examinations.
This is enabling healthcare professionals to make accurate diagnoses from CT and MRI scans, leading to earlier disease detection and characterization.
Moreover, researchers from MIT recently developed an AI framework, called Tyche, to alleviate the uncertainty present in medical image segmentation.
Unlike traditional segmentation models, Tyche delivers plausible segmentations, which reflect the ambiguity within medical images. As a result, clinicians can consider different interpretations to see anomalies that are generally unnoticed and enhance decision-making.
Tyche is user-friendly as it does not require retraining for different segmentation tasks, hence is accessible for various applications ranging from lung X-rays to brain MRIs.
Rising Prevalence of Chronic Diseases Drives Market Growth
The medical image analysis software market growth is expected to be owing to the rising prevalence of chronic diseases, such as CVDs, breast cancer, and arthritis.
According to the American Heart Association, cardiovascular diseases cause more than 2,550 deaths in the U.S. every day.
It is estimated that the cases of hypertension will rise from 51.2% in 2020 to 61% in 2050.
This reflects an increase in the need for echocardiograms for the diagnosis of various heart conditions, including the state of the blood vessels.
Thus, the rising incidence of CVDs is expected to be one of the major driving factors for the growth of the market.
The rising cases of comorbidities in the population due to unhealthy lifestyles are putting an increasing burden on society.
Moreover, as per the World Population Prospects, the percentage of the global population in the age bracket of 65 and above is projected to increase from 10% in 2022 to 16% by 2050.
Since the older population is prone to every kind of disease, it is expected to generate the need for advanced imaging devices and analysis software for diagnosis.
Cost Restraints and Lack of Skilled Experts Hamper Market Growth
The major restraint for the growth of the medical image analysis software market is the high cost of such solutions.
It is difficult for small and medium-sized healthcare providers to adopt technology-based medical image analysis solutions due to the exorbitant costs of software and hardware and other maintenance expenses.
The absence of skilled experts and qualified staff in each healthcare facility adds to these difficulties.
For healthcare providers in developing countries, the high cost of medical image analysis solutions limits their integration into clinical practice.
Medical Image Analysis Software Market Analysis
Application Analysis
The cardiology category generates the highest revenue, of USD 1.5 billion, in 2024.
The dominance is primarily ascribed to the rising incidence of cardiovascular diseases, along with governments’ increasing investments and initiatives to enhance the access to treatment. As per an article by the World Health Organization, cardiovascular disease are the leading contributor to mortality worldwide, accounting for around 18 million deaths each year. This is why the adoption of advanced imaging tools for diagnosis is exponentially increasing across the world.
Oncology is the fastest-growing category, mainly due to the high demand for advanced imaging techniques for the recognition, assessment, and diagnosis and treatment of cancers. According to the American Cancer Society, by 2050, because of probable population growth, cancer cases around the world are estimated to number 35 million. This calls for more-sophisticated MRI, CT, and PET scans to support early detection, tumor assessment & staging, and treatment strategies.
The below-mentioned applications have been analyzed:
Cardiology (Largest Category)
Orthopedics
Oncology (Fastest-Growing Category)
Neurology
Obstetrics & Gynecology
Dentistry
Pulmonology
Urology & Nephrology
Others
Software Type Analysis
Integrated software dominates the market in 2024, and it also has the highest CAGR, of 7.5%, attributed to the ease it offers in medical diagnosis. With integrated imaging software, medical centers can enjoy an efficient, easy, and understandable workflow. All the departments of the hospital are connected, and they can easily control the radiological procedure and analyze the images.
Moreover, cloud-based integration is trending due to the better accessibility and storage scaling abilities of cloud computing. Imaging systems integrated with cloud software also offer potentially unlimited data storage, cost-effectiveness, and access to live data for multiple users to access and study at the same time, even from remote locations.
We have studied the following software types:
Integrated (Larger and Faster-Growing Category)
Standalone
Image Type Analysis
3D is the largest category in the medical image analysis software market, with a share of 55% in 2024. This is primarily due to the increasing demand for detailed visualizations for an enhancement in the diagnosis capability.
3D software allows for complex assessments in oncology, cardiology, and orthopedics, thus enhancing surgical planning and treatment results. Image analysis software is widely used for 3D CT, MRI, PET, X-ray, and ultrasound scans to enhance the accuracy of these modalities.
The 4D category is set to grow at the highest rate during the projection period. The increasing need for dynamic imaging techniques that capture motion, including those of the fetus, heart, and lungs, drives the market in this category.
4D images offer a deeper assessment of anatomical structures and functions, which may increase the accuracy of diagnosis and treatment strategies.
Along with enhanced accessibility and technological advancements, the applications of 4D imaging are also widening.
The segment is categorized as below:
2D
3D (Largest Category)
4D (Fastest-Growing Category)
Modality Analysis
Magnetic Resonance Imaging (MRI) is the largest modality in the image analysis software market in 2024, accounting for revenue of around USD 1.1 billion, owing to the increasing demand for early and accurate diagnosis of diseases.
The increasing awareness about the potential benefits of MRI scanning, growing incidence of various lifestyle-related and chronic diseases, such as cancer and cardiovascular conditions, and rising demand for advanced imaging solutions drive the usage of software to interpret the anatomical representations created by MRI.
Moreover, emerging economies, such as China and India, are providing growth opportunities to the market due to the rapid uptake of advanced imaging systems.
Ultrasound is the most-rapidly growing category, with 8% CAGR, owing to its rising usage in multiple medical fields, including emergency medicine, obstetrics & gynecology, and cardiology. The biggest advantage of ultrasound is that it is non-invasive, cost-effective, and portable. Moreover, the advances in ultrasound software, including 3D imaging and improved image processing capabilities, contribute to its surging adoption across medical subspecialties.
The modalities analyzed here are:
Computed Tomography
Magnetic Resonance Imaging (Largest Category)
Positron Emission Tomography
Single-Photon Emission Tomography
Ultrasound (Fastest-Growing Category)
Radiography
Mammography
Others
Based on End User
Hospitals, as end users, are leading the market with an around 60% share in 2024, as they have the supportive infrastructure that is crucial for performing surgical interventions using medical imaging software. Moreover, the count of installed diagnostic imaging systems is higher in hospitals as compared to research institutions and diagnostic centers. In addition, patient inflow is also relatively much higher at hospitals, which makes these users’ need for advanced imaging analysis software the greatest.
Moreover, the widening access to imaging modalities, such as CT and ultrasound, and the increasing healthcare expenditure on hospitals currently characterize the global healthcare sector. Hospitals are increasingly adopting advanced imaging technologies, such as CT and MRI, to provide patients with more effective tests and a faster turnaround. Furthermore, AI-based imaging devices are attracting physicians to adopt them with the promise of automation and simplification of time-consuming tasks.
Diagnostic imaging centers are the fastest-growing category. These centers are dedicated to providing high-quality imaging services with a shorter turnaround time. Their ability to offer focused services without the high overhead cost incurred at a hospital makes them more flexible and appealing to patients.
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Medical Image Analysis Software Market Geographical Outlook
North America has the largest share, of 40%, due to the large number of healthcare and diagnostic centers and the fact that the U.S. is the leader in healthcare R&D. Additionally, the presence of major industry players, who are constantly updating their product offerings for effective diagnosis and image-guided surgeries, is projected to help the regional market maintain its global lead in the forecast period.
In the region, the U.S. has a higher demand for computer programs that allow for better medical image analysis, due to the significant investments by the government and private sectors, increasing count of healthcare facilities, and surging frequency of chronic illnesses, such as cancer and CVDs, in the country.
APAC is expected to register the highest CAGR, of around 8.5%, during the forecast period. The presence of a large number of market players and rising awareness regarding early disease detection through the use of advanced diagnostic imaging technologies are the major factors supporting the growth of the market.
Japan holds a significant share in the market as the country has established uniform pricing across all institutions providing diagnostic imaging services, to promote better healthcare among its citizens. Additionally, the presence of well-known market players, such as FUJIFILM Holdings Corporation, Shimadzu Corporation, and Hitachi Ltd. is helping Japan maintain its leading position in the APAC medical imaging analysis software market.
The European medical imaging analysis software market is expected to grow at a high pace. This will be primarily due to the increasing adoption of telemedicine, rising healthcare expenditure, presence of established players, technological advancements, growing geriatric population, surging prevalence of chronic ailments, and escalating awareness about the early detection of diseases.
Germany holds the largest share of the European market, as the country is facing a significant rise in its geriatric population. With the aging of the population, the need for medical attention rises, which is projected to increase the demand for medical imaging equipment for diagnostic purposes.
France holds the second-largest share in the market, which is mainly attributed to the increasing prevalence of chronic ailments, technological advancements, product launches, and the growing geriatric population in the country. Chronic ailments, such as cancer and CVDs, are the leading causes of death in France. This indicates a high demand for technological advancements in diagnostic equipment, to detect these diseases.
The geographical breakdown of the market is as follows:
This industry is consolidated with the presence of a few dominant players, who have already built a strong brand recognition and portfolios of advanced technologies. Moreover, their longer presence in the market has helped them establish trust and credibility, which is essential in the medical field.
Big companies also have the resources and budget for research and development, therefore are able to offer advanced solutions to healthcare providers. Their product portfolio consists of integrated imaging systems and diagnostic software, which makes them preferred among hospitals and clinics. Financial constraints and the lack of infrastructure and partnerships are restraining factors for new entrants and small enterprises.
Medical Image Analysis Software Companies:
GE HealthCare Technologies Inc.
Agfa-Gevaert Group
Koninklijke Philips N.V.
Siemens Healthineers
Canon Medical Systems Corporation
International Business Machines Corporation
Coexya Group
ScienceSoft USA Corporation
Xinapse Systems Ltd.
INFINITT Healthcare Co. Ltd.
Carestream Health Inc.
FUJIFILM Corporation
Medical Image Analysis Software Market News
In October 2024, GE HealthCare announced positive Phase I clinical results for its latest macrocyclic manganese-based MRI contrast agent, which did not cause any adverse events. The agent appears to be a safer option than gadolinium-based agents and reduces the retention of gadolinium in patients and the impact on the environment, while providing equivalent diagnostic outcomes. The company also aims to develop a portfolio of MRI imaging agents to address the needs of radiologists for their patients.
In June 2024, Carestream Health Inc. announced updates to its DRX-Evolution Plus System and ImageView Software, including virtual long-length imaging, patient-position monitoring, virtual collimation, positioning overlay, patient picture, and align assist.
In April 2024, Canon Medical announced the Vantage Galan 3T/Supreme Edition MRI system, which displays optimized integrations and performance enhancements. It supports a new real-time platform and magnet technology, which enhances data communication, image clarity, and patient convenience. Moreover, it is integrated with AI solutions, enabling high-end 3T MRI imaging.
In January 2023, Bruker Corporation announced the acquisition of ACQUIFER Imaging GmbH to complement its portfolio with big data management and high-content screening solutions tailored for bioimaging applications.
Frequently Asked Questions About This Report
What is the revenue of the medical image analysis software market in 2024?+
The market for medical image analysis software values USD 3.6 billion in 2024.
Which is the leading end user in the medical image analysis software industry?+
The medical image analysis software industry is dominated by hospitals.
What is the medical image analysis software market competitive scenario?+
The market for medical image analysis software is consolidated.
Which are the most significant countries in the medical image analysis software industry?+
The U.S., Germany, France, China, India, and Brazil are among the most significant countries in the medical image analysis software industry.
What is the major driver in the medical image analysis software market?+
The rising prevalence of chronic diseases drives the market for medical image analysis software.
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