Medical Image Analysis Software Market Size

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.