Medical Image Processing Market – Overview
The global medical image processing market is projected to expand at a promising rate from 2021 to 2031 (forecast period). The global medical image processing market has experienced rapid expansion in recent years as a result of the increased use of these techniques in medical diagnosis, disease monitoring, and disease treatment. During the forecast period, the increased government investment in the development of healthcare infrastructure is expected to boost the global medical image processing market. Moreover, rising awareness about the need for early disease detection via medical imaging procedures is anticipated to propel the worldwide medical image processing market.
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Medical Image Processing Market – Competitive Landscape
Prominent players active in the global medical image processing market are Hitachi Medical Corporation, Hologic, Inc., Shimadzu Corporation, GE Healthcare, Siemens Healthcare, Samsung Medison, Philips Healthcare, and Toshiba Medical Systems Corporation.
Key competitors in the global medical image processing market are investing heavily in R&D and implementing a variety of tactics, such as new product releases and developments, geographic expansions, partnerships, and acquisitions. For instance, Siemens Healthcare GmbH introduced Somatom X.ceed in May 2021, a new and more effective version of the Somatom X.cite system introduced in 2019.
Medical Image Processing Market – Trends and Opportunities
The rising demand for early and cost-effective diagnosis of chronic diseases and the world’s aging population is expected to boost the global medical image processing market. Moreover, the advent of technologically improved devices and the growing healthcare sector in Asian countries is projected to bolster the global medical image processing market growth.
Fujifilm Corporation, for example, launched a new AI-based technology for lung nodule detection in May 2020. This technology is employed in the detection of pulmonary nodules in chest CT scans to aid in the diagnosis of lung cancer.
Furthermore, the introduction of various new products is likely to propel the global medical image processing market. For instance, Canon Medical Systems Corporation introduced One-Beat Spectral Cardiac CT in November 2020, with quick kVp switching and deep learning spectral reconstruction, to obtain whole-heart spectral images in one beat.
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The X-ray technique segment is anticipated witness significant growth in the global medical image processing market during the forecast period. X-ray imaging can be used to examine bone or tissue samples. Imaging software is used to evaluate X-ray imaging data. The advancements in medical X-ray image analysis software have made treatment and data administration easier for healthcare professionals. The data can be shared between healthcare professionals or researchers at remote locations. This is a significant contributor to market growth.
Rhythm Radiography from GE is advanced X-ray software that integrates powerful image acquisition, evaluation, and data management tools for all X-ray testing methods, including digital radiography, computed radiography, and film digitization. Its advanced data-sharing features provide significant productivity gains and faster discovery of quality issues. The software lowers the need for training while saving money and time, making it popular among patients and healthcare practitioners.
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Medical Image Processing Market – Regional Landscape
The North America medical image processing market is expected to expand due to the availability of well-established healthcare organizations, favorable government efforts, and effective diagnostic equipment to assist the implementation of healthcare IT. Moreover, factors such as the presence of prominent market competitors and increased R&D investments are projected to boost the medical image processing market in North America.
The medical image processing market in Asia Pacific is anticipated to grow due to increased government activities in the healthcare industry. Moreover, increased awareness of these approaches has significantly impacted the growth of the Asia Pacific medical image processing market.
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