Medical Image Management Market Will Reach USD 4.89 billion by 2024: Meticulous Research®
Jan 14, 2020
Medical Image Management Market By Product (PACS (Radiology, Mammography, Cardiology, Oncology, Enterprise), VNA, AICA, Universal Viewer), Delivery (On Premise, Hybrid, Cloud), End User (Hospitals, Diagnostic Imaging Center, ASC) - Global Forecast to 2024
Pune, India - January 13, 2020 /MarketersMedia/ —
According to this latest publication from Meticulous Research®, medical image management market is expected to grow at a CAGR of 7.7% from 2018 to reach $4.89 billion by 2024, driven by growing investments in the medical imaging market, technological advancements, and rising geriatric imaging volumes. This growth is also supported by growing adoption of VNA and other advanced tools, rapidly growing big data in healthcare, rising focus on value-based care, and growing health IT and EHR adoption. However, longer product lifecycle of VNA, and budgetary constraints may hinder the growth of medical image management market to some extent. In addition, integration of PACS/VNA with EMR, penetration of artificial intelligence in medical imaging, rapidly growing field of telehealth, growing adoption of hybrid and cloud-based solutions, and untapped emerging markets present high-growth opportunities for players operating in the global medical image management market.
Based on product type, PACS commanded the largest share of medical image management market, owing to significant adoption of PACS in radiology department where majority of the imaging studies are handled, managed, and stored; and rising incorporation of PACS into other specialties such as cardiology, ophthalmology, oncology, endoscopy, teleradiology, dermatology, pathology, neurology, and dentistry.
Browse 227 Market Data Tables and 59 Figures spread through 231 Pages and in-depth TOC: https://www.meticulousresearch.com/product/medical-image-management-market/
Based on delivery mode, on-premise PACS captured a major market share owing to the perception of healthcare systems that it provides greater security, control over images and lower latency than cloud storage. However, web/cloud based PACS models are rapidly gaining traction owing to its flexibility of working from remote areas, easy scalability, no upfront costs and reduced operational costs, and automated updating features of web and cloud-based solutions.
Enterprise VNAs dominated the global VNA market in 2017. Multi-departmental VNAs showcase significant adoption while multi-site VNAs are expected to witness stable growth. Factors such as growing emphasis on collaborative care, patient-centered approach and industry consolidation; move towards enterprise imaging; and the ability of VNA to share data among multiple PACS within the same organization and allow organizations to integrate the viewing and storage of different health IT systems regardless of vendor restrictions makes enterprise VNA a preferred option for several large healthcare organizations.
The AICA market is currently led by big VNA companies offering AICA as an advancement to their imaging portfolio to leverage growth opportunities offered by this segment and are also expected to witness highest growth during the forecast period.
For Further Queries on Medical Image Management Market, Visit: https://www.meticulousresearch.com/enquire-before-buying/cp_id=4761
Hospitals are the leading adopters of medical image management systems and are also expected to witness the fastest CAGR during the forecast period, owing to significant population treated in hospitals; growing number of hospitals especially in developing countries; and greater budget to implement advanced solutions such as VNA, AICA and enterprise/universal viewers in hospitals.
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia-Pacific (Japan, China, India, and RoAPAC), Latin America, and the Middle East & Africa. North America commanded the largest share of the medical image management market in 2017, followed by Europe and Asia-Pacific.
The major players operating in the medical image management market are Agfa HealthCare, BridgeHead Software Limited, Carestream Health, Inc., FUJIFILM Medical Systems U.S.A., GE Healthcare, Hyland Software, Inc., Merge Healthcare Inc. (IBM Corporation), Mach7 Technologies, McKesson Corporation (Change Healthcare), Novarad Corporation, Koninklijke Philips N.V., and Siemens Healthineers, Sectra AB, INFINITT Healthcare CO., among several others.
Purchase this Report at: https://www.meticulousresearch.com/buy_now.php?pformat=12&vformat=29
Key Topics Covered in This Report:
1. Introduction
1.1. Market Definition
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
3. Executive Summary
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Growing investments in the Medical Imaging Market
4.2.2. Technological Advancements in Diagnostic Imaging Modalities
4.2.3. Rising Geriatric Imaging Volumes
4.2.4. Growing Demand for Imaging Equipment
4.2.5. Rapidly growing Big Data in Healthcare
4.2.6. Growing Health IT and EHR Adoption
4.3. Restraints
4.3.1. Longer Product Lifecycle of VNAs
4.3.2. Budgetary Constraints
4.4. Opportunities
4.4.1. Integration of PACS/VNA with EMR
4.4.2. Untapped Emerging Markets
4.4.3. Penetration of Artificial Intelligence (AI) in Medical Imaging
4.4.4. Hybrid & Cloud-Based Solutions Represent High-Growth Opportunities
4.4.5. Rapidly Growing Field of Telehealth
4.5. Challenges
4.5.1. Data Migration
4.5.2. Lack of Interoperability
5. Medical Image Management Market, by Product
5.1. Introduction
5.2. Picture Archive Communication System (PACS)
5.2.1. PACS Market, by Procurement Model
5.2.1.1. Departmental PACS
5.2.1.1.1. Radiology PACS
5.2.1.1.2. Cardiology PACS
5.2.1.1.3. Others
5.2.1.2. Enterprise PACS
5.2.2. PACS Market, by Delivery Model
5.2.2.1. On-Premise PACS
5.2.2.2. Web/Cloud-Based PACS
5.3. Vendor Neutral Archive (VNA)
5.3.1. VNA Market, by Delivery Model
5.3.1.1. On-Premise VNA
5.3.1.2. Hybrid VNA
5.3.1.3. Fully Cloud-Based VNA
5.3.2. VNA Market, by Procurement Model
5.3.2.1. Enterprise VNA
5.3.2.1.1. Multi-Departmental VNA
5.3.2.1.2. Multi-Site VNA
5.3.2.2. Departmental VNA
5.3.3. VNA Market, by Vendor Type
5.3.3.1. PACS Vendors
5.3.3.2. Independent Software Vendors
5.3.3.3. Infrastructure Vendors
5.4. Application-independent Clinical Archives (AICA)
5.4.1. Application-independent Clinical Archives Market, by Vendor Type
5.4.1.1. VNA Vendors
5.4.1.2. Native AICA Vendors
5.5. Enterprise Viewers/Universal Viewers
6. Medical Image Management Market, by End User
6.1. Introduction
6.2. Hospitals
6.3. Diagnostic Imaging Centers
6.4. Others
7. Medical Image Management Market, by Geography
7.1. Introduction
7.2. North America
7.2.1. U.S.
7.2.2. Canada
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. U.K.
7.3.4. Italy
7.3.5. Spain
7.3.6. RoE
7.4. Asia-Pacific
7.4.1. Japan
7.4.2. China
7.4.3. India
7.4.4. Rest of Asia-Pacific (RoAPAC)
7.5. Rest of the World (RoW)
7.5.1. Latin America
7.5.2. Middle East & Africa
8. Competitive Landscape
8.1. Competitive Benchmarking
8.2. Market Share Analysis
9. Company Profiles
9.1. Agfa-Gevaert Group
9.1.1. Business Overview
9.1.2. Financial Overview
9.1.3. Product Portfolio
9.1.4. Strategic Developments
9.2. Bridgehead Software Ltd.
9.2.1. Business Overview
9.2.2. Financial Overview
9.2.3. Product Portfolio
9.2.4. Strategic Developments
9.3. Carestream Health, Inc.
9.3.1. Business Overview
9.3.2. Financial Overview
9.3.3. Product Portfolio
9.3.4. Strategic Developments
9.4. FUJIFILM Medical Systems U.S.A., Inc.
9.4.1. Business Overview
9.4.2. Financial Overview
9.4.3. Product Portfolio
9.4.4. Strategic Developments
9.5. GE Healthcare
9.5.1. Business Overview
9.5.2. Financial Overview
9.5.3. Product Portfolio
9.5.4. Strategic Developments
9.6. Hyland Software, Inc.
9.6.1. Business Overview
9.6.2. Financial Overview
9.6.3. Product Portfolio
9.6.4. Strategic Developments
9.7. INFINITT Healthcare Co., Ltd.
9.7.1. Business Overview
9.7.2. Financial Overview
9.7.3. Product Portfolio
9.7.4. Strategic Developments
9.8. Merge Healthcare Inc. (An IBM Company)
9.8.1. Business Overview
9.8.2. Financial Overview
9.8.3. Product Portfolio
9.8.4. Strategic Developments
9.9. Mach7 Technologies
9.9.1. Business Overview
9.9.2. Financial Overview
9.9.3. Product Portfolio
9.9.4. Strategic Developments
9.10. McKesson Corporation (Change Healthcare)
9.10.1. Business Overview
9.10.2. Financial Overview
9.10.3. Product Portfolio
9.10.4. Strategic Developments
9.11. Novarad Corporation
9.11.1. Business Overview
9.11.2. Financial Overview
9.11.3. Product Portfolio
9.11.4. Strategic Developments
9.12. Philips Healthcare
9.12.1. Business Overview
9.12.2. Financial Overview
9.12.3. Product Portfolio
9.12.4. Strategic Developments
9.13. Siemens Healthineers
9.13.1. Business Overview
9.13.2. Financial Overview
9.13.3. Product Portfolio
9.13.4. Strategic Developments
9.14. Sectra AB
9.14.1. Business Overview
9.14.2. Financial Overview
9.14.3. Product Portfolio
9.14.4. Strategic Developments
10. Appendix
10.1. Questionnaire
10.2. Available Customizations
Download free sample report and gain crucial industry insights: https://www.meticulousresearch.com/download-sample-report/?cp_id=4761
Contact Info:
Name: Khushal
Email: Send Email
Organization: Meticulous Market Research Pvt. Ltd
Address: Pune, India
Phone: +91-744-7780008
Website: https://www.meticulousresearch.com/product/medical-image-management-market/
Source: MarketersMedia
Release ID: 88942565
More News
China’s Exports Soar, Putting Its Trade Surplus on Track for a Record
China’s exports grew last month at the fastest pace in almost any month since the end of the global financial crisis.
Russia’s Arrest of a Japanese Journalist Deepens the Freeze in Japan-Russia Relations
The case of Hokkaido Shimbun correspondent Imai Yuki could chill reporting from Russia’s Far East and narrow the space for even limited diplomatic engagement.
ASML’s chip equipment sales to China soar 109% despite US export curb push
Dutch semiconductor equipment giant ASML expects China to account for about 20 per cent of its total sales this year, after seeing shipments to the market more than double during the previous quarter despite mounting US pressure for tighter export restrictions on less advanced chipmaking machinery. The company’s sales to China surged 109 per cent in the third quarter compared with the previous three months, according to financial results released on Wednesday. That took China’s share of ASML’s...
How Australia’s Gambling Lobby has Successfully Avoided Any Reform
Political donations, lobbying, and community influence help gambling companies block major policy reforms and protect huge profits.
In Confronting China, The West Needs Partners in Southeast Asia
A plan to confront Beijing without subsequent outreach toward Southeast Asian countries will sacrifice national imperatives for willing partners, and those are hard to come by.
Philippine law targeting foreign agents spurs fears of free speech curbs
Philippine officials want a new anti-foreign interference law ahead of the 2028 presidential election, as a raid on a suspected online scam centre near the country’s military headquarters and reports of Chinese-linked money transfers to a company tied to Vice-President Sara Duterte-Carpio’s family fuel national security concerns. On Monday, immigration and military operatives arrested 76 foreigners at a facility in Quezon City suspected of being linked to Philippine offshore gaming operators...
AI risks could repeat China shock that cost jobs, former US commerce chief Raimondo warns
The rapid and unbridled development of artificial intelligence (AI) has the potential to disrupt the US economy in a way that is comparable to the “China shock” that displaced American workers, former US commerce secretary Gina Raimondo warns. Speaking at the Bloomberg New Economy Forum in New Delhi on Tuesday, she drew parallels between AI’s potential disruption to American jobs and the past impact of Chinese manufacturing competition on the US labour market. “In America, we’ve seen what...
Can the China-US Detente Last?
Competition can generate incentives for restraint, and restraint can create opportunities for further competition.
Japan Protests Russia’s Detention of Journalist Accused of Spying
Tokyo summoned Russia’s ambassador after a Japanese reporter was arrested in Russia’s far east and accused of collecting military intelligence.
China approves Alibaba AI models for use in iPhone Duo and other Apple handsets
China has granted approval for Alibaba Group Holding’s artificial intelligence models to be integrated into several Apple handsets, including the new iPhone Duo, in the Chinese market, clearing a key regulatory hurdle for the long-delayed launch of Apple Intelligence in the country. Updated network access permits for the iPhone Duo, iPhone 18 Pro and several earlier Apple models from China’s Ministry of Industry and Information Technology now include three approved AI systems: Apple Intelligence...
Chinese memory giant YMTC to grow revenue 6 times faster than peers as IPO nears: report
Yangtze Memory Technologies Corporation (YMTC), China’s leading flash-memory maker, is set to grow revenue six times faster than its industry peers this year as it expands into server-related business ahead of a planned initial public offering (IPO), according to Counterpoint Research. The company’s server-related revenue was effectively zero in 2024, but could account for nearly 39 per cent of its revenue by 2028, according to the market intelligence firm on Tuesday. Much of the momentum is...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.