What is the global market size of Ultrasound Image Analysis Software Market?

Global Ultrasound Image Analysis Software Market was valued at USD 2.34 billion in 2021, and it is expected to reach a value of USD 6.74 billion by 2028, at a CAGR of more than 7.3% over the forecast period (2022-2028). Read More

Global Ultrasound Image Analysis Software Market Size, Share, Growth Analysis, By Software type(Integrated software, Standalone software), By Product(2D Ultrasound Systems, 3D & 4D Ultrasound Systems), By Application(Orthopedic, Dental) - Industry Forecast 2024-2031

Q: What is the key market trend for Global Ultrasound Image Analysis Software Market?

Use 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. Read More

Report ID: SQSG45E2030 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 94 | Figures: 76

Global Ultrasound Image Analysis Software Market Regional Insights

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.

Global Ultrasound Image Analysis Software Market Report Snapshots

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Global Ultrasound Image Analysis Software Market size was valued at USD 3 billion in 2019 and is poised to grow from USD 3.23 billion in 2023 to USD 6.3 billion by 2031, growing at a CAGR of 7.7% in the forecast period (2024-2031).

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. 'General Electric Company', 'Siemens Healthineers AG', 'Koninklijke Philips N.V.', 'Fujifilm Holdings Corporation', 'Esaote SpA', 'Hitachi, Ltd.', 'Analogic Corporation', 'Canon Medical Systems Corporation', 'Mindray Medical International Limited', 'Terason Corporation', 'Samsung Medison Co., Ltd.', 'MIM Software Inc.', 'Image Analysis Group', 'Quibim SL', 'ContextVision AB', 'Pie Medical Imaging BV', 'Clarius Mobile Health', 'Xoran Technologies LLC', 'Toshiba Medical Systems Corporation', 'Hologic, Inc.'

Rising applications of computer aided technology favour the growth of market. Data interpretation will be offered by computer-aided diagnosis using software. This approach assists the diagnosis of anomalies that are frequently missed during manual analysis processes and helps radiologists reduce human errors in data interpretation. Although its original use was for the examination of mammographic images, this technique now has other uses. Thus, the market is projected to develop due to the growing use of CAD technology for image analysis.

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.

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Global Ultrasound Image Analysis Software Market Size, Share, Growth Analysis, By Software type(Integrated software, Standalone software), By Product(2D Ultrasound Systems, 3D & 4D Ultrasound Systems), By Application(Orthopedic, Dental) - Industry Forecast 2024-2031

Global Ultrasound Image Analysis Software Market Regional Insights

Global Ultrasound Image Analysis Software Market Report Snapshots

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What is the global market size of Ultrasound Image Analysis Software Market?

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