InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Enterprise Medical Image Viewers Market- (By Type (Devices and Software), By End-user (Doctors, Surgeons and Other Medical Professionals)) Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Enterprise Medical Image Viewers Market is valued at US$ 3.09 Bn in 2023, and it is expected to reach US$ 4.41 Bn by 2031, with a CAGR of 4.53% during the forecast period of 2024-2031.
Medical imaging is used by doctors, surgeons, and other medical professionals to acquire images of the ailment being treated. Imaging assists doctors in understanding the maturity of a disease, defining its origin, and ascertaining measures for treating it. The enterprise medical image viewers allow medical professionals to understand disorders and deduce surgical procedures for curing them. The enterprise medical image viewers market has grown significantly, with projections indicating continued expansion. Factors such as the growing prevalence of chronic diseases, increasing geriatric population, and rising healthcare expenditure contributed to the market’s growth trajectory. The adoption of cloud-based medical image viewers increased due to their scalability, accessibility, and cost-effectiveness. Cloud-based solutions offer healthcare providers the flexibility to access medical images from any location and device, facilitating remote diagnosis and telemedicine. The increase in medical image viewing equipment manufacturing, the adoption of devices and software incorporated in enterprise medical image viewing by doctors and surgeons, interpretation facilities for rookie viewers, and the incorporation of diagnostic grade image manipulation for professionals.
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List of Prominent Players in the Enterprise Medical Image Viewers Market:
- McKesson Corporation
- GE Healthcare
- Merge Healthcare Inc.
- Agfa-Gevaert Group
- Philips Healthcare
- Siemens Healthineers
- Cerner Corporation
- Kofax
- Novarad Corporation
- Mach7 Technologies Ltd.
- Other Prominent Players
Market Dynamics:
Drivers-
The growing prevalence of chronic disease and the rising geriatric population drive the market growth. Government initiatives to speed up the longevity revolution have resulted in a fast aging of the global population. The majority of developed nations are witnessing a rise in the population of seniors. In 2019, there were 703 million individuals aged 65 or older, and the UN predicts that number will increase to 1.5 billion by the year 2050. Around the world, the prevalence of chronic diseases is increasing, especially in the areas of hypertension, diabetes, and respiratory issues. Over the forecast period, the market for enterprise imaging solutions will expand as a result of an aging population and an increase in chronic diseases.
Challenges:
Security threats impede market growth. Patient data safety and protecting patient information are two of the most urgent health IT issues in the sector. Healthcare workers are important targets for cyber attackers. Threats to digital security are continuously emerging from unanticipated sources. A centralized network, while providing significant efficiency gains and cost savings on storage solutions, is more susceptible to cybersecurity threats than networks working independently. This is one potential drawback of an enterprise imaging solution. Thus, the security issue is expected to hinder the enterprise imaging solutions industry’s growth.
Regional Trends:
The North American Enterprise Medical Image Viewers Market is expected to register a significant market share in terms of revenue and is projected to grow at a high CAGR in the near future. Research and development have increased with improved healthcare infrastructure and high healthcare spending in the region. Additionally, the enterprise medical image viewers market share in this region is growing due to quick advances in research and development, increased investment by major market participants, and supportive governmental regulations. Moreover, the region’s stringent regulatory standards ensure compliance, fostering trust in medical imaging solutions. Despite interoperability issues and data security concerns, North America remains at the forefront of technological advancements, driving the continued growth and dominance of its enterprise medical image viewers market.
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Recent Developments:
- In March 2022, Royal Philips, a pioneer in health technology, launched Philips HealthSuite Interoperability, a fully integrated cloud-enabled health IT platform for meeting various workflow requirements across the imaging business. This platform will increase productivity and support greater efficacy at the point of care.
- In September 2022, Life Image, one of the biggest image exchange networks for curated clinical and imaging data, was acquired by Intelerad Medical Systems, a supplier of enterprise imaging solutions.
- In January 2023, Bayer acquired Blackford Analysis, a provider of artificial intelligence-based healthcare technology. By enabling the adoption and advantages of medical imaging AI, the company aims to “improve the lives of patients and populations.”
Segmentation of Enterprise Medical Image Viewers Market-
By Type –
- Devices
- Software
By End-user-
- Doctors
- Surgeons
- Other Medical Professionals
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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