Medical Image Management Market by Product {PACS [Departmental (Radiology, Cardiology), Enterprise], VNA [(On-Premise, Hybrid, Cloud), (Independent, PACS Vendor)], AICA, Universal Viewer}, End User (Hospital, Diagnostic Center) - Global Forecast to 2030

Medical Image Management Market by Product {PACS [Departmental (Radiology, Cardiology), Enterprise], VNA [(On-Premise, Hybrid, Cloud), (Independent, PACS Vendor)], AICA, Universal Viewer}, End User (Hospital, Diagnostic Center) - Global Forecast to 2030

Medical Image Management Market by Product {PACS [Departmental (Radiology, Cardiology), Enterprise], VNA [(On-Premise, Hybrid, Cloud), (Independent, PACS Vendor)], AICA, Universal Viewer}, End User (Hospital, Diagnostic Center) - Global Forecast to 2030

The medical image management market is projected to reach $7.22 billion by 2030, at a CAGR of 7.6% from 2023 to 2030.

After extensive primary and secondary research, the report provides an in-depth analysis of the medical image management market and insights into the key drivers, restraints, challenges, and opportunities in the medical image management market.

The rising global geriatric population, growing demand for medical imaging equipment, increasing investments in medical imaging technologies, technological advancements in diagnostic imaging modalities, and growing healthcare IT and EHR adoption are the major factors driving the growth of this market. Furthermore, integration of PACS & VNA with EMR, untapped markets in emerging economies, penetration of artificial intelligence in medical imaging, rising adoption of hybrid & cloud-based medical imaging solutions, growing telehealth market, and rapidly increasing big data in the healthcare sector are expected to provide significant opportunities for the growth of this market. However, data migration and interoperability challenge the market's growth to a certain extent.

Based on product, in 2023, the PACS segment is expected to account for the largest share of the medical image management market. The large market share of this segment is attributed to the increased adoption of PACS in radiology departments, where most of the imaging studies are handled, managed, and stored, and the rise in incorporation of PACS into other specialties such as cardiology, ophthalmology, oncology, endoscopy, teleradiology, dermatology, pathology, neurology, and dentistry.

Based on end user, in 2023, the hospitals segment is expected to account for the largest share of the medical image management market. The large market share of this segment is attributed to the high rate of hospital admissions, the rising number of hospitals in developing countries, the adoption of VNAs in hospitals, and the growing demand for enterprise-wide image data management in hospitals.

An in-depth analysis of the geographical scenario of the medical image management market provides detailed qualitative and quantitative insights into the five major geographies (North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa) along with the coverage of major countries in each region. In 2023, North America is expected to account for the largest share of the medical image management market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The high acceptance level of advanced technologies among the population, the well-developed healthcare system, the large geriatric population, the high prevalence of chronic diseases, and the high adoption rate of electronic medication administration record systems are the factors contributing to the large share of this regional market.

The key players operating in the medical image management market are Novarad Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), INFINITT Healthcare Co., Ltd. (South Korea), Siemens Healthineers AG (Germany), Hyland Software, Inc. (U.S.), Agfa-Gevaert NV (Belgium), GE Healthcare (U.S.), Mach7 Technologies (U.S.), BridgeHead Software Ltd. (U.K.), FUJIFILM Holdings Corporation (Japan), Merative (U.S.), Sectra AB (Sweden), and Change Healthcare Inc. (U.S.).

Scope of the Report:

Medical Image Management Market, by Product

Picture Archive Communication System (PACS)
PACS Market, by Type
Departmental PACS
Radiology PACS
Cardiology PACS
Mammography PACS
Traditional Mammography PACS
Vendor Neutral Mammography PACS
Other Departmental PACS
Enterprise PACS

PACS Market, by Delivery Model

On-premise PACS
Web/Cloud-based PACS
Vendor Neutral Archive (VNA)
VNA Market, by Delivery Model
On-premise VNA
Hybrid VNA
Web/Cloud-based VNA

VNA Market, by Procurement Model

Enterprise VNA
Multi-departmental VNA
Multi-site VNA
Departmental VNA

VNA Market, by Vendor Type

PACS Vendors
Independent Software Vendors
Infrastructure Vendors
Application-independent Clinical Archives

AICA Market, by Vendor Type

VNA Vendors
Native AICA Vendors
Enterprise/Universal Viewers

(Note: Other departmental PACS include pathology, dental, ophthalmology, and orthopedics PACS.)

Medical Image Management Market, by End User

Hospitals
Diagnostic Imaging Centers
Other End Users

(Note: Other end users include ambulatory surgical clinics, universities/education centers, government & non-government organizations, and academic research institutes)

Medical Image Management Market, by Geography

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific (APAC)
China
Japan
India
Rest of Asia-Pacific (RoAPAC)
Latin America
Middle East & Africa

Medical Image Management Market - Report Summary

Report Metrics	Details
Years Considered	2021 - 2030
Base Year	2022
Forecast Period	2022-2030
Page Count	230
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Product, Market by End User, Market by Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Key Companies Mentioned	Novarad Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), INFINITT Healthcare Co., Ltd. (South Korea), Siemens Healthineers AG (Germany), Hyland Software, Inc. (U.S.), Agfa-Gevaert NV (Belgium), GE Healthcare (U.S.), Mach7 Technologies (U.S.), BridgeHead Software Ltd. (U.K.), FUJIFILM Holdings Corporation (Japan), Merative (U.S.), Sectra AB (Sweden), and Change Healthcare Inc. (U.S.).

FAQs About the Report

What is the focus of the Medical Image Management market study?

The medical image management market study covers the market sizes & forecasts for various medical image management solutions used in the healthcare facilities. The report involves the value analysis of various segments and subsegments of the medical image management market at the regional and country levels.

What is the value of revenue generated from selling medical image management products across the globe? At what rate is their demand expected to grow for the next 5-7 years?

The medical image management market is projected to reach $7.22 billion by 2030, at a CAGR of 7.6% during the forecast period.

Which product segment is estimated to hold the major share and register the highest growth rate in the medical image management market?

Based on product, in 2023, the PACS segment is estimated to account for the largest share of the medical image management market. However, the VNA segment is projected to grow at the highest CAGR during the forecast period. The need of accessing the imaging data without complex migration will lead to the growing demand of VNAs

Which end-user segment of the medical image management market is projected to create more traction in the medical image management market?

The hospitals segment is projected to register the highest CAGR during the forecast period. The growth of this segment is primarily driven by the increasing number of patients visiting hospitals for diagnosis and surgeries leading to large number of medical images. This further will result in adoption medical image management solutions in the hospitals.

What are the key factors supporting the growth of this market? Also, what are the major opportunities for existing market players and new entrants in the medical image management market?

The growth of this market is driven by factors such as the rising global geriatric population, growing demand for medical imaging equipment, increasing investments in medical imaging technologies, technological advancements in diagnostic imaging modalities, and growing healthcare IT and EHR adoption.

In addition, integration of PACS & VNA with EMR, untapped markets in emerging economies, penetration of artificial intelligence in medical imaging, rising adoption of hybrid & cloud-based medical imaging solutions, growing telehealth market, rapidly increasing big data in the healthcare sector are expected to provide significant opportunities for the growth of this market.

Who are the major players operating in the medical image management market?

The key players operating in the medical image management market are Novarad Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), INFINITT Healthcare Co., Ltd. (South Korea), Siemens Healthineers AG (Germany), Hyland Software, Inc. (U.S.), Agfa-Gevaert NV (Belgium), GE Healthcare (U.S.), Mach7 Technologies (U.S.), BridgeHead Software Ltd. (U.K.), FUJIFILM Holdings Corporation (Japan), Merative (U.S.), Sectra AB (Sweden), and Change Healthcare Inc. (U.S.).

Which regions/countries are expected to offer significant growth opportunities for the vendors operating in the medical image management market?

Emerging economies from Asia-Pacific, such as China, are projected to offer significant growth opportunities for vendors operating in this market due to the rising investment in the healthcare sector, improving healthcare infrastructure, and increasing adoption of medical imaging devices, AI, and telehealth services.