Product ID: SQSG45E2030
Report ID: SQSG45E2030 | Region: Global | Published Date: October, 2022 | Pages: 157 | Tables: 94 | Figures: 76
Global Ultrasound Image Analysis Software Market size was valued at USD 3 billion in 2021 and is poised to grow from USD 3.23 billion in 2022 to USD 6.3 billion by 2030, growing at a CAGR of 7.7% in the forecast period (2023-2030).
It is projected that the use of these goods will increase as more chronic diseases may be quickly diagnosed using ultrasonic imaging. Additionally, advances in technology, such as computer-aided diagnosis (CAD), are expected to open up chances for enhanced image analysis in a variety of disease application areas, including cardiology, obstetrics & gynaecology, and other well-known applications, with a high growth potential. Additionally, it is believed that the presence of government entities actively working to promote advanced software and suggest it as a standardised solution will further fuel demand for this industry. Over the next few years, there will likely be a significant increase in the demand from healthcare professionals for new-generation and advanced picture analysis skills.
The growing use of cloud-based solutions is the favourable trend expected to support market growth. Due to its improved information accessibility and real-time analysis, the cloud-based approach has emerged as an efficient way to supply medical image analysis software. Insights from a multi-terabyte database may be easily sent to any location, at any time, and on any platform with the use of cloud-based image analysis systems. A cloud-based imaging solution also requires no initial hardware investment, lessens the strain on healthcare systems due to reduced or no internal staff engagement, and speeds up data transfer between companies. Due to these advantages, there will likely be plenty of potential for market expansion as a result of the demand for cloud-based image analysis solutions.
US Ultrasound Image Analysis Software Market is poised to grow at a sustainable CAGR for the next forecast year.
To get more reports on the above market click here to Buy The Report
Global ultrasound image analysis software market is segmented based on the software type, product, application and region. Based on the software type, the market is segmented into integrated software, standalone software. Based on product the market is segmented into 2D Ultrasound Systems, 3D & 4D Ultrasound systems, doppler imaging. Based on the application, the market is segmented into orthopedic, dental, cardiology, oncology, obstetrics & gynecology, nephrology & urology, radiology, others. Based on region, the market segmentation spans North America, Europe, Asia-Pacific, Latin America, and MEA.
Based on the software type, the market is segmented into integrated software, standalone software. Integrated software segment acquired larger market share. A number of factors, including affordability, centralised data storage, and availability of real-time data for multiple users to process, are anticipated to support the development of this segment. A number of factors, including affordability, centralised data storage, and availability of real-time data for multiple users to process, are anticipated to support the development of this market. By auto-populating ultrasound measurements, for instance, ViewPoint 6 for Direct Connect from GE Healthcare makes it easier for users to connect to hospital information systems (HIS), picture archiving and communication systems (PACS), radiology information systems (RIS), and electronic medical record (EMR) systems which helps the doctors to retrieve essential records.
These tools function as fully automatic systems that help all technicians understand a disease condition better, which is thought to be one of the major factors influencing the segment's growth. Due to its adaptability and suitability for a variety of applications, integrated software for managing ultrasound imaging has grown in popularity. Additionally, due to its cost-benefit advantages and broad applicability to any company's existing IT structure, new small-scale businesses favour this type.
Ultrasound Image Analysis Software Market Analysis by Product
Based on product, the market is segmented into 2D Ultrasound Systems, 3D & 4D Ultrasound Systems, Doppler Imaging. The largest market share belonged to 3D and 4D imaging systems segment. The widespread use of these systems can be attributed to the management of chronic diseases as well as the rising use of diagnostic imaging, which is a crucial step in every surgical procedure. It is assumed that the benefits of 3D and 4D ultrasound systems are the cause of the rising demand for their tools. They allow for advanced archive processing, innovative quantitative tools, and the ability to more effectively view and measure structures in various spatial or temporal dimensions in 3D and 4D images. For instance, Philips Healthcare's IntelliSpace Portal 9.0 supports sophisticated 3D visualisation for volumetric image manipulation, analysis, and comparison.
Ultrasound Image Analysis Software Market Analysis by Application
Based on the application the market is segmented into orthopedic, dental, cardiology, oncology, obstetrics & gynecology, nephrology & urology, radiology, others. The cardiovascular segment held the larger market share due to the widespread use and preference of ultrasound image analysis software in applications for cardiology. The growing adoption is thought to be a result of software that can accurately pinpoint artery blockages so that stents can be implanted at those locations, providing the market with high growth potential. The segment of oncology and other segment are expected to grow faster in coming years.
To get detailed analysis on other segments, Request For Sample Report
Global ultrasound image analysis software market is dominated by North America. This is because there are well-established healthcare institutions with cutting-edge diagnostic equipment and admirable government initiatives to promote the use of health care systems. The region's market growth is also attributable to increased R&D investments and the presence of market leaders. Software Inc. collaborated with Genesare, a global provider of integrated cancer care to improve patient access. The clinical team at Genentech treats more than 400,000 cancer patients in more than 440 locations across the globe, including the United States, Canada, and Spain. These initiatives are anticipated to support regional market growth.
Asia Pacific is predicted to grow at a profitable pace throughout the projection period. This is a result of the growing adoption of medical imaging software by healthcare professionals in the region. the increasing adoption of highly sophisticated medical imaging devices and the software that works with them in quickly developing economies like India and China, Asia Pacific is predicted to grow at a profitable pace throughout the projection period. Additionally, the region's growing outsourcing prospects and significant R&D spending by international firms serve as market drivers for high growth projections.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Ultrasound Image Analysis Software Market Driver
Digitalization and Growing Cases of Several Diseases to Empower the Market Growth
Ultrasound Image Analysis Software Market Restraint
Stringent Reimbursement Policies to Create Market Challenges
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The global ultrasound image analysis software market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Top Players in the Global Ultrasound Image Analysis Software Market
Ultrasound Image Analysis Software Market Recent Developments
Emergence of Cloud-based technologies: The adoption of cloud-based technology is rising which is predicted to facilitate the market growth. Given that it provides improved information accessibility and real-time analysis, the cloud-based approach has emerged as a viable option for distributing medical image analysis software. Solutions for cloud-based image analysis make it simple to deliver analytical insights from multi-terabyte databases at any time, on any platform, and from any location. Additionally, a cloud-based imaging solution lessens the strain on healthcare systems by requiring less or no internal staff participation, enables quicker data transfer between organisations, and does not require an upfront financial investment in hardware. Because of these advantages, there should be plenty of room for market expansion thanks to the demand for cloud-based image analysis solutions.
Emergence of AI-based Solutions: AI based solutions can be used for diagnosis, detection, image analysis, and clinical decision support in medical imaging. The adoption of R-enabled medical imaging will likely be boosted by the rising demand for accuracy, efficacy, and patient safety, even if it is still in its early stages. Due to the growing demand for technologically advanced products like multi-mode imaging platforms and 3D imaging, as well as the benefits these systems provide such as high-resolution images, usefulness, and flexibility. It is anticipated that the introduction of technologically advanced products, and development of effective information management systems will drive the market growth.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to global ultrasound image analysis software market report analysis, in terms of software type analysis, integrated software segment acquired larger market share. A number of factors, including affordability, centralised data storage, and availability of real-time data for multiple users to process, are anticipated to support the development of this market According to the application, the cardiovascular segment held the larger market share due to the widespread use and preference of ultrasound image analysis software in applications for cardiology.
|Market size value in 2021||USD 3 billion|
|Market size value in 2030||USD 3.23 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Ultrasound Image Analysis Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Ultrasound Image Analysis Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Ultrasound Image Analysis Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Ultrasound Image Analysis Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.