The Medical Image Analysis Software Market's size in North America was worth USD 1.03 billion in 2022 and is estimated to be growing at a CAGR of 7.56% to reach USD 1.49 billion by 2027. North America is presently ruling the global medical image analysis software market for the last few years and is also expected to dominate during the forecast period.
The increasing elder people population, high occurrence rate of different diseases, and quick acquisition of advanced technological imaging systems are to accelerate the market growth in this region. In the US and Canada, the rapid growth of the aging population and rising occurrence rate of chronic ailments is predicted to drive away from the North America medical image analysis software market throughout the historical period. Besides this, growing extensive usage of computer-aided applications will bolster the market growth further.
Increasing the older people's population, influencing demand for imaging solutions for improved capability, and decrease the cost besides growing obtainment of e-health infrastructure is augmenting the boost they need for the medical image processing software. The healthy advancements in imaging technologies have led to the production of the massive amount of data.
The equipment's cost is so highly integrated with the license, execution, and installation of the software, which is hampering the market growth during the period. Lack of low reimbursement policies also hinders the image analysis software market growth in this region. Strict government regulations and schemes in medical imaging systems of this region are obstructing the North America region.
This research report on the North America Medical Image Analysis Software Market has been segmented and sub-segmented into the following categories.
Regionally, as of 2019, North America leads the global medical image analysis software market, accounting for more than 34% of the total market share. The increased government funding focused on enhancing the imaging facility is the prime growth driver for this region's market.
The U.S is projected to represent one of the leading markets in this region and technology. Robust medical equipment and infrastructure are escalating the market growth. Increasing funds and investments from the government focus on improving the medical imaging facilities that fuel the region. Along with these, increasing public and private sector investments and rising computer-aided design applications are likely to bolster the market.
Canada is standing as the second-largest country followed next to the U.S as a result of a large number of imaging centers, growing awareness about the advantages provided by early diagnosis of the diseases. Medical image processing software's insistence is escalated to enhance, which owes to growing elder people population, and rising demand for advanced healthcare fuel the market. Cloud computing market for hospitals and clinics and research institutes are likely to augment to grow as it favors better facility to process and store images that escalate the market growth in this region.
Prominent companies operating in the North America 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, Claron Technologies, Siemens Healthcare, and Toshiba Medical Systems Corporation.
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
2.2 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
3.1 Executive Summary
3.2 Key Inferences
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
5.1.2 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
5.2.3 Computed Tomography
22.214.171.124 High-End Slice CT
126.96.36.199 Mid-End Slice CT
188.8.131.52 Low-End Slice CT
5.2.4 Positron Emission Tomography
5.2.5 Single Photon Emission Computed Tomography
5.2.6 Magnetic Resonance Imaging
184.108.40.206 Open MRI Systems
220.127.116.11 Closed MRI Systems
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
5.3.8 Obstetrics and Gynaecology
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
5.4.3 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
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Image Type
126.96.36.199 By Imaging Technology
188.8.131.52 By Application
184.108.40.206 By End User
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Image Type
22.214.171.124 By Imaging Technology
126.96.36.199 By Application
188.8.131.52 By End User
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Image Type
18.104.22.168 By Imaging Technology
22.214.171.124 By Application
126.96.36.199 By End User
6.2 United States
7.1 PESTLE analysis
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
8.1.2 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
8.4 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
9.1 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
a) List of Tables
b) List of Figures
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