Medical Imaging Informatics Market By Component (Software, Hardware, Services), By Application (Mammography, CT, MRI, Combined Modality, Ultrasound, Radiographic, Nuclear Imaging), By Deployment (Standalone, Integrated), By End User (Hospitals, Specialized Clinics, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global medical imaging informatics market was valued at $2,572.9 million in 2020 and is projected to reach $4,795.9 million by 2030, growing at a CAGR of 6.2% from 2020 to 2030.
Medical imaging informatics involves usage of digital technology to capture medical images facilitating data analysis to record and correlate observations and draw conclusions that play a vital role in the diagnosis of medical problems. The implementation of electronic health records (EHR) in the healthcare industry increases the demand for medical imaging informatics for exchanging of medical images in various departments of healthcare settings.
The medical imaging informatics market is expected to witness significant growth during the forecast period due to increase in number of diagnostic imaging procedures, high prevalence of chronic diseases, decreasing cost of storage platforms, and improvements in healthcare ecosystem. However, lack of expertise to operate medical imaging informatics solutions and their high installation cost restrict the market growth. On the contrary, the developing countries, such as China and India, are expected to provide lucrative opportunities in this market.
The medical imaging informatics market is segmented into component, application, deployment mode, end user, and region. Depending on component, the market is segregated into software, hardware, and services. On the basis of application, it is categorized into digital radiography and computed radiography; ultrasound; magnetic resonance imaging (MRI); computed tomography (CT); nuclear imaging, and mammography. By deployment mode, it is fragmented into standalone and integrated. As per end user, it is differentiated into hospitals, specialized clinics, and others.
Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key companies operating in the medical imaging informatics market are Afga-Gevaert N.V., Carestream Health, General Electric Company, Hologic, Inc., Konica Minolta, Inc., Koninklijke Philips N.V., Mindray Medical International Ltd., Siemens AG, Esaote SpA, and Mckesson Corporation.
Major players such as Esaote SpA, Cartestream Health, and Hologic, Inc., and Koninklijke Philips N.V. have adopted product launch to improve their product portfolio to sustain the competitive environment. For instance, in February 2022, Philips's point of care ultrasound technology includes Pulse Wave Doppler for the utility of handheld ultrasound. This will improve the product portfolio of the company. Such developments are expected to provide lucrative opportunities for the major players for the growth of the market.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the medical imaging informatics market analysis from 2020 to 2030 to identify the prevailing medical imaging informatics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the medical imaging informatics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global medical imaging informatics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Software
Hardware
Services
By Application
Mammography
CT
MRI
Combined Modality
Ultrasound
Radiographic
Nuclear Imaging
By Deployment
Standalone
Integrated
By End User
Hospitals
Specialized Clinics
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Spain
Rest of Europe
Germany
Italy
France
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Koninklijke Philips N.V.
General Electric Company
Siemens AG
Agfa Gevaert N.V.
Medtronic, Inc.
McKesson Corporation
lexmark international, inc.
toshiba corporation
Esaote SpA
Dell Technologies Inc.
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