Global Medical Image Management Market Size, Share, Trends & Growth Forecast Report By Product, End-User and Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Industry Analysis From 2025 To 2033.

Updated On: June, 2024
ID: 10608
Pages: 190

Global Medical Image Management Market Size

The size of the global medical image management market was worth USD 5.24 billion in 2024. The global market is anticipated to grow at a CAGR of 9.4% from 2025 to 2033 and be worth USD 11.76 billion by 2033 from USD 5.73 billion in 2025.

MARKET DRIVERS

The growing adoption of technological advances in diagnostic imaging modalities and image management solutions, the increasing number of government initiatives to promote the adoption of EMRs, increased use of imaging equipment, and growing investments are propelling the global medical image management market growth. The growth of the medical image management system market is further driven by the changing healthcare environment and rapid adoption of technological innovations that led to incorporating managerial methods in clinical settings. Furthermore, technology, software development, and expansion in radiology departments across different countries will likely boost the global medical imaging management market. Technological advancements in diagnostic imaging and image management and the growing use of electronic medical records (EMRs) drive the global medical imaging management market. In addition, the increasing use of data analytics and artificial intelligence in medical image management systems provides great potential for industry development. Furthermore, many advancements in medical technology have resulted from the growing elderly population and the increased frequency of chronic diseases.

In healthcare, new technology and techniques, such as big data, are developing. The healthcare business has already benefited from big data. Big data tools' capacity to safely store and analyze large amounts of data assists medical imaging management solutions. With the use of big data techniques, healthcare professionals may access the medical histories of thousands of patients. This aids experts in diagnosing specific ailments early and providing better treatments to patients. Increasing use in the drug development process and better care coordination and reporting capabilities are expected to boost the growth rate of the medical image management market during the forecast period. Recent medical image management system advances include augmented reality, three-dimensional printing, cinematic rendering, and digital twin technologies. As a result, the medical image management system will expand faster over the forecast period. Using VNA & PACS in conjunction with patient computed medical records will be significant potential for the medical image management market to flourish. In addition, the medical management industry benefits from the advent of cloud-based solutions that allow users to save data without fear of losing it.

MARKET RESTRAINTS

The extended product lifespan of VNAs and financial restrictions are likely to stifle the growth of the global medical image management market. Some other restraints to the global medical image management market include security concerns about patients' data, stricter standards, and government control, such as delayed permission by the authorities. The medical image management industry is also expected to experience significant challenges in computing data, and a shortage of skilled experts is a major obstacle to market expansion. In addition, compiling and sorting unstructured data may take longer due to user interface and product usage issues.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2024 to 2033

Base Year

2024

Forecast Period

2025 to 2033

Segments Covered

Based on the product, end-user, and region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges; PESTLE Analysis; Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Market Leaders Profiled

GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers AG, McKesson Corporation, Sectra AB, Agfa-Gevaert Group, Carestream Health, Esaote SpA, Fujifilm Holding Corporation

 

SEGMENTAL ANALYSIS

By Product Insights

Based on the product, the picture archiving and communication system segment is projected to hold the largest share of the global medical image management market during the forecast period. Technological advancements in PACS, adoption of PACS in new imaging segments such as endoscopy, ophthalmology, mammography, and oncology, growing adoption of PACS by small hospitals and imaging centers, and government initiatives encouraging Healthcare IT adoption are all factors driving the growth of the PACS.

By End-User Insights

Based on the end-user, the global medical image management market is likely to be dominated by the hospital segment during the forecast period. The expanding patient population, increased awareness of the advantages of early illness detection, increased digitization of patient data, and rapid rise in EMR use contribute to the segment's growth rate. Furthermore, the rising need for enterprise-wide imaging data management in hospitals and the growing emphasis on value-based treatment all promote the segment's rise.

REGIONAL ANALYSIS

Geographically, North America dominated the medical image management market in 2022. This is because North America dominates the general presence of medical imaging and has the most diverse radiography systems available. In addition, it has the highest proportion of seniors with multiple chronic conditions such as CVD, diabetes, obesity, high blood pressure, and other urology-related factors. Therefore, it prompted most vendors to support and grow during the period and maintain their presence in the market. As a result, North America represented the largest market in 2019 and is estimated to dominate the global medical image management market throughout the forecast period.

The European medical image management market is the second-largest region and accounted for over 25% of the market share in 2022. The market in Europe has been stimulated to a great extent by advances in medical imaging technologies. Increased disease prevalence, continued adoption of leading-edge technologies, and an aging population encourage the marketplace. It is expected to register a CAGR of 8.12% by the end of the forecast period. The healthcare sector in the United Kingdom introduced it more than 30 years ago. In recent years, the UK healthcare sector has developed sophisticated systems worldwide for patient-centered monitoring, management, and service delivery.

The Asia-Pacific medical image management market is expected to grow significantly and be the fastest-growing region over the projection period. The high growth rate is due to physicians' increasing demand to produce appropriate vascular, orthopedic, breast, and cardiac images and integrate reports, images, and measurements in a patient's complete record.

Latin America's health system has grown dramatically over the past few years. As a result, many countries in this region have been recognized globally for their success in the health sector. For example, Brazil is one of the largest markets in the region, with over USD 4 billion in investments.

KEY MARKET PLAYERS

GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers AG, McKesson Corporation, Sectra AB, Agfa-Gevaert Group, Carestream Health, Esaote SpA, Fujifilm Holding Corporation, and Novarad are some of the notable companies dominating the global medical image management market.

RECENT MARKET HAPPENINGS

  • In 2020, Tencent launched medical imaging and data management machines based on artificial intelligence. For example, the Tencent AIMIS Medical Image Cloud allows patients to manage their x-ray, computed tomography, and MRI images to share patient medical data securely.
  • Micrima signs a distribution deal with Hologic for its new breast imaging system. In addition, the company will distribute the new radio-wave breast imaging system.

MARKET SEGMENTATION

This research report on the global medical image management market has been segmented and sub-segmented into the following categories.

By Product

  • Picture Archiving and Communication System
  • Vendor Neutral Archive (VNA)
  • Application-Independent Clinical Archives
  • Enterprise Viewers/Universal Viewers

By End-User

  • Hospitals
  • Diagnostic Imaging Centres
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

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