The size of the Medical Image Analysis Software Market in Europe projected to touch USD 1.07 billion by 2024 and was valued at USD 0.74 billion in 2019, registering a CAGR of 7.68% from 2019 to 2024.
Some of the key drivers of the Europe Medical Image Analysis Software market are growing implementations of advanced CAD technologies in imaging equipment, growing the aging population, increased chronic disease prevalence, and others. In addition, to deliver cost-effective and efficient clinical solutions, software engineers focus on incorporating intelligent features like cloud-based services that can provide enhanced practice management, allow quick access to patient data stored on mobile devices as well as other wearable devices, and track performance measures. Another important factor driving market growth is widening the need for improving efficiency in medical treatments.
There have been few challenges, however, that include the elevated cost of equipment, increased number of security threats, and others. The lack of understanding among people and the lack of skilled workers are seen as constraints on the continuous growth of the sector.
With the growing demand in the healthcare industry and research institutions for non-radiation diagnostic technologies, sales of such software products are projected to keep rising in this field. The government's growing investment in European countries is also expected to promote the adoption of these software solutions in hospitals, clinics, and research organizations. An increase in the number of patients undergoing various chronic illnesses and others is likely to overshadow the demand of the software market for medical image analysis. When analyzing the results from the imaging techniques, this program is highly accurate, lavishing this market's growth rate.
Europe Medical Image Analysis Software Market segmented and sub-segmented into the following categories.
Regionally, the market in this region is projected to grow strongly during the forecast period due to various factors such as growing awareness about medical imaging tools, financial strength to procure expensive tools, and favourable reimbursement policies.
Germany holds prominent market shares among various countries in Europe. An increase in revenue is a significant driving factor for market demand. In addition, the growth of the Medical Image Analysis Software Market in Germany is elevating a rising desire to provide effective therapy with regard to the patient's health condition. The acceptance of a sedentary lifestyle and improvements in food habits in the United Kingdom contribute to several health disorders that drive consumer demand.
With increasing development in healthcare technologies and the production of innovative solutions by healthcare industry manufacturers, the technology for clinical image analysis is expected to report significant growth with UK and Germany leading the region’s market throughout the forecast period.
Companies playing a dominant role in the Europe Medical Image Analysis Software Market profiled in this report are Agfa HealthCare, Medviso AB, Aquilab, Bruker Corporation, Carestream Health Inc., Esaote S.p.A, GE Healthcare, Spacelabs Healthcare, Merge Healthcare Inc., Xinapse Systems Ltd., MIM Software Inc., Philips Healthcare, Clarion Technologies, Siemens Healthcare and Toshiba Medical Systems Corporation.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Image Type
5.1.1 Introduction
5.1.2 2D Imaging
5.1.3 3D Imaging
5.1.4 4D Imaging
5.1.5 Y-o-Y Growth Analysis, By Image Type
5.1.6 Market Attractiveness Analysis, By Image Type
5.1.7 Market Share Analysis, By Image Type
5.2 Imaging Technology
5.2.1 Introduction
5.2.2 X-Ray
5.2.3 Computed Tomography
5.2.3.1 High-End Slice CT
5.2.3.2 Mid-End Slice CT
5.2.3.3 Low-End Slice CT
5.2.4 Positron Emission Tomography
5.2.5 Single Photon Emission Computed Tomography
5.2.6 Magnetic Resonance Imaging
5.2.6.1 Open MRI Systems
5.2.6.2 Closed MRI Systems
5.2.7 Ultrasound
5.2.8 Radiographic Imaging
5.2.9 Y-o-Y Growth Analysis, By Imaging Technology
5.2.10 Market Attractiveness Analysis, By Imaging Technology
5.2.11 Market Share Analysis, By Imaging Technology
5.3 Application
5.3.1 Introduction
5.3.2 Cardiovascular
5.3.3 Neurology
5.3.4 Dental
5.3.5 Urology
5.3.6 Orthopaedic
5.3.7 Oncology
5.3.8 Obstetrics and Gynaecology
5.3.9 Mammography
5.3.10 Y-o-Y Growth Analysis, By Application
5.3.11 Market Attractiveness Analysis, By Application
5.3.12 Market Share Analysis, By Application
5.4 End User
5.4.1 Introduction
5.4.2 Hospitals
5.4.3 Research Centres
5.4.4 Diagnostic Centres
5.4.4 Y-o-Y Growth Analysis, By End User
5.4.5 Market Attractiveness Analysis, By End User
5.4.6 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Image Type
6.1.3.3 By Imaging Technology
6.1.3.4 By Application
6.1.3.5 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Image Type
6.1.4.3 By Imaging Technology
6.1.4.4 By Application
6.1.4.5 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Image Type
6.1.5.3 By Imaging Technology
6.1.5.4 By Application
6.1.5.5 By End User
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Agfa HealthCare
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Medviso AB
8.3 Aquilab
8.4 Bruker Corporation
8.5 Carestream Health Inc.
8.6 Esaote S.p.A
8.7 GE Healthcare
8.8 Spacelabs Healthcare
8.9 Merge Healthcare Inc.
8.10 Xinapse Systems Ltd.
8.11 MIM Software Inc.
8.12 Philips Healthcare
8.13 Claron Technologies
8.14 Siemens Healthcare
8.15 Toshiba Medical Systems Corporation
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Aug 2019
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