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 Dynamics

Ultrasound Image Analysis Software Market Driver

Digitalization and Growing Cases of Several Diseases to Empower the Market Growth

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.
The rising prevalence of cardiovascular, oncological and urological diseases worldwide is facilitating the demand for ultrasound imaging analysis software. The growing geriatric population is the big factor supporting the market growth.

Ultrasound Image Analysis Software Market Restraint

Stringent Reimbursement Policies to Create Market Challenges

The primary obstacle preventing market expansion, particularly in nations with subpar reimbursement scenarios, is the high cost of imaging equipment mixed with the high implementation and licence costs of software. Healthcare facilities in emerging nations are hesitant to invest in novel or technologically sophisticated systems due to the high cost of these systems and limited financial resources. Furthermore, end users are heavily burdened financially by the deployment and subscription/licensing fees for modern imaging technologies. These elements may hinder the adoption of cutting-edge technologies for diagnosis and analysis in healthcare facilities and slow down digitalization.
Hacking into medical equipment can cause it to lose effectiveness and have unfavourable effects on patients. The security precautions observed in other high-risk businesses are absent in the manufacturing of medical equipment. The most recent advancements in IT security, which can offer protection from hackers, are not linked with medical equipment as a result. Hackers can successfully shut down equipment, which can result in data breaches and have an impact on patient outcomes.

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.

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.

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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 Dynamics

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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