Medical Imaging Informatics Market Report involving Key Players: Koninklijke Philips N.V., General Electric Company, Siemens AG, Agfa-Gevaert N.V., Carestream H
  • Published On: 02-06-2022

Medical Imaging Informatics Market Report involving Key Players: Koninklijke Philips N.V., General Electric Company, Siemens AG, Agfa-Gevaert N.V., Carestream H

Medical imaging informatics involves usage of digital technology to capture medical images facilitating data analysis to record and correlate observations, and draws conclusions that play a vital role in the diagnosis of medical problems. The implementation of electronic health records (EHR) in the healthcare industry increases the demand for medical imaging to exchange medical images in the various departments of healthcare settings.

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The world medical imaging informatics market is expected to reach $5,383 million by 2022, growing at a CAGR of 5.6% from 2016 to 2022. The factors such as rise in number of diagnostic imaging procedures, decline in cost of medical imaging data storage platforms, and improved healthcare ecosystem play a pivotal role in the growth of the market. However, lack of expertise among healthcare professionals to operate IT-integrated imaging modalities and high deployment cost of medical imaging informatics solutions hamper the market growth.

The world medical imaging informatics market is segmented based on component, application, deployment mode, end user, and geography. Based on the component, it is divided into software, hardware, and services. In the year 2015, the software segment accounted majority share of the overall market due to increase in demand for medical imaging software and rise in the number of medical imaging procedures around the world.
On the basis of application, it is divided into digital & computed radiography, ultrasound, magnetic resonance imaging (MRI), computed tomography (CT), nuclear imaging, and mammography. In the year 2015, digital radiography held largest market share in the market and is expected to maintain this trend during the forecast period due frequent usage of digital radiography in healthcare settings. However, the mammography segment registered fastest growth attributed to increase in incidences of breast cancer worldwide.

Based on deployment mode, the market is segmented into web-based, on-premise, and cloud-based. The web-based deployment mode held largest market share in 2015 attributed due to the easy and low-cost installation of web-based deployment mode in the healthcare settings. By end user, the market is segmented into hospitals, ambulatory healthcare service providers, diagnostic & imaging centers, and others (medical universities, and not-for-profit organizations). Hospital dominates the world medical imaging informatics market due to the increase in number of hospitalization cases, which required medical imaging procedures for management.

Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. During the forecast period, North America is forecasted to account for the largest market share due to the factors such as technological advancement in the healthcare IT sectors and higher adoption rate of innovative products. In addition, Asia-Pacific is expected to emerge as the area with maximum growth potential due to the increase in focus of key players on emerging economies, rise in clinical research, and growth in awareness & focus on health of the people with increase in incidence of various chronic diseases.

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Key benefits

The study provides an in-depth analysis of the medical imaging informatics market, with current trends and future estimations to elucidate the imminent investment pockets.
The report provides a quantitative analysis from 2014 to 2022 to enable the stakeholders to capitalize on prevailing market opportunities.
In-depth analysis was done by constructing market estimations for the key segments between 2014 and 2022, which assists to identify the prevailing market opportunities.
Competitive intelligence highlights the business practices followed by leading market players across various geographic regions.
Key market players are profiled and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.

Key market segments

The medical imaging informatics market is segmented by component, application, deployment mode, end user, and geography.

MARKET BY COMPONENT

Software
Hardware
Services

MARKET BY APPLICATION

Digital Radiography
Ultrasound
MRI
CT
Nuclear Imaging
Mammography

MARKET BY DEPLOYMENT MODE

Web-Based
On-Premise
Cloud-Based

MARKET BY END USER

Hospital
Ambulatory Healthcare Settings
Diagnostics and Imaging Centers
Others

MARKET BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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KEY PLAYERS

Koninklijke Philips N.V.
General Electric Company
Siemens AG
Agfa-Gevaert N.V.
Carestream Health, Inc.
McKesson Corporation
Lexmark International Inc.
Toshiba Corporation
Esaote SpA
Dell Inc.

Other players in the value chain include (profiles not included in the report)

Medis Medical Imaging Systems BV
Circle Cardiovascular Imaging, Inc.
Pie Medical Imaging
Agilent Technologies Inc.
Hitachi Medical Corporation
Medtronic Plc
Mindray Medical International Ltd.
Hologic Inc.
Paramed Medical Systems
Millennium Technology Inc.

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