Image Analysis Software Revenue Expected to Reach USD 4.5 Billion by 2024

According to a new report the market for medical image analysis software is expected to grow to USD 4.5 billion by 2024 fueled by the urgent need for diagnosis of chronic diseases, and increased adoption of Electronic Health Records (EHR) for storing, managing and distributing medical images.

Technological innovations such as advanced Computer-Aided Diagnosis (CAD) and other software tools are also expected to become more prevalent for cancer diagnosis and urology for example. The need for greater efficiency of treatment procedures, increased image resolution and quality, and multi-modal imaging platforms that include a number of modalities, are also drivers for growth.

The report was published by Grand View Research (San Francisco, CA, USA), a research and consulting firm, and is organized according to the type of software, modality, application and end-user. The report also looks at the six main global market regions, North America, Europe, Asia Pacific, Latin America the Middle East and Africa.

The authors present the expected revenue in millions of US Dollars, for the period 2013 to 2024, for integrated and stand-alone software, per modality, according to clinical specialization, and per type of institution – hospitals, diagnostic centers and research centers.

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Grand View Research