The medical image analysis software market in the Middle East & Africa was worth USD 0.22 billion in 2023. The market value is expected to grow at a CAGR of 7.11% between 2023 to 2028 and be worth USD 0.32 billion by 2028.
The increasing prevalence of chronic diseases like cancer, cardiovascular diseases, diabetes and other across the MEA is majorly driving the growth of the medical image analysis software market in the MEA. Every year, nearly 1.4 million people die in Middle East Africa due to CVDs. Cardiac imaging plays a significant role in diagnosing cardiovascular diseases. In some cases, many images regarding the issue may need to be clarified for the healthcare provider. Studying all those repeated and different images also sometimes leads to the wrong assumption. To avoid these situations, the healthcare provider uses medical image analyzer software that provides clear information by calculating all the images provided to the software system. Due to the increasing mortality rate owing to various types of cancers such as breast cancer, lung cancer, prostate cancer, etc., research in the region is focusing on developing software to accurately predict the issue in the cancer patient for further treatment. Some of the most used medical image devices are X-ray, computer tomography (CT), ultrasound, and magnetic resonance imaging. These devices produce images that can be further sent to the image analysis software, which provides information and helps with the treatment.
The growing number of technical advancements in diagnostic image modalities and image management software is further fuelling the growth of the medical image analysis software market in MEA. This software uses advanced technologies such as artificial intelligence and machine learning to classify the images based on their respective features to help give a clear view of the problem in the body for further treatment. In addition, manufacturers also include deep learning techniques in the software to give accurate information to the healthcare provider about the images.
On the other hand, the high cost of the software is majorly hampering the growth of the medical image analysis software market in MEA. In addition, lack of skilled professionals, lack of reimbursement policies, lack of awareness about the software, lack of infrastructural facilities, less budget for hospitals, and long time for approval of novel software are the other factors that hamper the market growth in this region. In addition, software security issues also challenge market growth.
This research report on the MEA medical image analysis software market has been segmented and sub-segmented into categories.
By Image Type:
By Imaging Technology:
The medical image analysis software market in the Middle East and Africa accounted for a moderate share of the worldwide market in 2022 but is predicted to grow steadily during the forecast period owing to the increasing adoption of the latest technologies by the healthcare sector in recent years. Due to increasing awareness about the medical image analysis software, a few of the regional hospitals have adopted the system, which helps predict future and present issues through the images shown by the software. The Usage of electronic health records by hospitals is also driving the regional market growth. Stored patient data regarding health in the election healthcare records may help the healthcare provider diagnose further. In addition, image data stored in the records can be sent to the medical image analysis software to get a clear view of the patient record, which helps healthcare providers to provide better and personalized treatment.
Egypt had a considerable share of the MEA market in 2022. The growth of the Egyptian market is driven by the increasing number of job opportunities for image processing engineering. In addition, the government of Egypt adopted medical image analysis software to provide better treatment to the population suffering from chronic diseases and help reduce the mortality rate.
The market in Saudi Arabia and UAE is predicted to grow at a noteworthy CAGR during the forecast period owing to the increasing clinical centers, healthcare IT adoption, and research for developing medical image analysis software.
KEY MARKET PLAYERS
Some of the most promising holding the majority of the shares in the MEA Medical Image Analysis Software Market profiled in this report are Aquilab, Bruker Corporation, Philips Healthcare, Clarion Technologies, Siemens Healthcare and Toshiba Medical Systems Corporation, Esaote S.p.A, GE Healthcare, Spacelabs Healthcare, Merge Healthcare Inc, Carestream Health Inc, Xinapse Systems Ltd., MIM Software Inc, Medviso AB, Agfa HealthCare.,
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