Middle East and Africa Multimodal Image Fusion Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Preclinical Multimodal Imaging and Clinical Multimodal Imaging), and Application (Hospitals, Diagnostic Centers, and Academic and Research Institutes)
The multimodal image fusion software market in MEA is expected to grow from US$ 18.89 million in 2021 to US$ 29.16 million by 2028; it is estimated to reach a CAGR of 6.4% from 2021 to 2028. Medical imaging is the most significant and fundamental aspect of the diagnostic processor examination. Radiological instruments, such as MRI scanners, CT scanners, and ultrasound scanners, are used in the diagnostic process. There have been significant advancements in medical technology and imaging instruments over the last two decades. Moreover, the use of artificial intelligence (AI) in devices, including CT scanners, MRI scanners, and ultrasound scanners, has also advanced the diagnostic industry with improved diagnosis and treatment data analysis. The use of optical semiconductors technology for color projectors in imaging techniques and for ultrasound, and the application of 3D metamaterials to obtain high resolution and accurate images are expected to fuel the market growth during the forecast period. Further, the integration of radiology systems (RIS), picture archiving, and communication systems (PACS) systems that allow data collection in cloud systems are the latest technology that help in the diagnosis of disease. This also allows for the extraction of data from the procedure and clinical data for analytics and impressive reports. Thus, the constant technological advancements in the medical imaging sector are expected to influence the adoption of multimodal image fusion software across hospitals and diagnostic centers for better analysis of patient’s conditions, thereby contributing to the market growth during the forecast period.
The hospitals segment led the MEA multimodal image fusion software market, based on application, in 2020. The hospital is an organization and an institute that provides healthcare service to people through complicated but specialized scientific equipment and team of trained staff educated in the problems of modern medical science. Staff and technology are coordinated together for the common goal of restoring and maintaining good health. Most of the surgeries and emergency treatments performed in hospitals require investigation of various organs, tissues, and functions of body, which can be done accurately with the help of multimodal image fusion software. The growth of this segment is attributed to the factors such as rising prevalence of various diseases, increasing number of hospitals across the world, and rapid growth in various surgical procedures.
Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the major countries facing the impact of the COVID-19 pandemic in the Middle East and Africa. It has led to challenging consequences across all major industries in the region. However, the healthcare sector in these countries has not experienced any significant challenge, as all services, including COVID-19 treatment, were equally operational. The UAE have experienced high investments in healthcare technologies over the past years, which has continued during the pandemic.
The overall MEA multimodal image fusion software market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the MEA multimodal image fusion software market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the MEA multimodal image fusion software market. Brainlab AG; Bruker Corporation; Carl Zeiss Meditec; and PerkinElmer Inc. are among the key players operating in the market in this region.
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