Europe Medical Image Analysis Software Market is segmented By Technology (MRI, Ultrasound Imaging, CT, SPECT, PET, Others), By Image Type (2D, 3D, 4D), By Modality (CT, MRI, PET, Ultrasound), By Application (Orthopedic, Cardiology, Oncology, Mammography, Others), By End User (Hospital, Diagnostic Centre, Research Centres, Others), and By Country (UK, France, Germany, Spain, Italy, and the Rest of Europe) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Europe Medical Image Analysis Software Market Overview
The Europe Medical Image Analysis Software Market is expected to reach a CAGR of 6.89% during the forecast period 2023-2030.
Medical imaging refers to a group of technologies used to image the human body in order to diagnose, monitor, or treat medical disorders. Each sort of technology delivers distinct information regarding the body region being investigated or treated, whether it is connected to sickness, damage, or the success of medical therapy. The rising need for these solutions creates a unique opportunity for medical imaging software manufacturers, and as a result, the market has grown appealing. In fact, this market is growing at a faster rate than the market for medical imaging equipment.
Some of the reasons driving the development of the medical image analysis software market include rising demand for medical imaging equipment, an increase in the number of healthcare companies, and an increase in the number of CAD applications.
Europe Medical Image Analysis Software Market Scope and Summary
|
Metrics |
Details |
|
CAGR |
6.89% |
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Size Available for Years |
2021-2030 |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (US$) |
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Segments Covered |
Technology, Image Type, Modality, Application, and End User |
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Countries Covered |
UK, France, Germany, Spain, Italy, and the Rest of Europe |
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Largest Country |
Germany |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Europe Medical Image Analysis Software Market Growth Drivers
The development of medical image analysis software, a product of science and technology, is the primary driver of market growth. Genomics and proteomics Imaging allow scientists to identify biomarkers of disease-causing genetic abnormalities. The demand for medical image analysis to discover and diagnose diseases at an early stage has resulted in a growth in market share.
Medical image analysis acts as a means for the transmission of cutting-edge research discoveries in biological and medical image analysis for virtual robotics, computer vision, and biomedical imaging solutions. Other factors, such as the combination of imaging methods and increased investment by the public and private sectors, are expected to drive market growth. The growing use of computer-aided diagnostic systems may raise market demand.
The ability of medical image analysis software to achieve a variety of goals, such as the development of tools capable of analyzing biomedical data and supporting discovery through the advancement of biomedical knowledge, the innovation of computational methods for analyzing and evaluating biomedical data using algorithms, and collaboration with colleagues from other research centres for the visualization of biomedical research problems, is the primary factor driving the market.
Europe Medical Image Analysis Software Market Segmentation Analysis
The Europe medical image analysis software market is segmented by technology, image type, modality, application, and end user.
Based on Application: The Cardiology Segment Accounted For the Maximum Share
The cardiology segment accounted for the maximum share of more than 20.0% of the global revenue in 2022. The high frequency of cardiovascular and congenital heart illnesses, as well as government assistance to promote treatment accessibility, have contributed to the growth.
The FDA in the United States authorized the commercialization of software to assist medical practitioners in the collection of echocardiography or cardiac ultrasound images in February 2020. Caption Guidance software is an add-on to compatible diagnostic ultrasound devices that uses artificial intelligence to assist the operator in capturing normal diagnostic quality heart images of a patient.
Europe Medical Image Analysis Software Market Geographical Insights
Geographically, the Europe medical image analysis software market is segmented into UK, France, Germany, Spain, Italy, and the Rest of Europe.
Germany led the Europe Medical Image Analysis Software Market by Country in 2021 and would continue to do so until 2028, generating a market value of $423.4 million by then. The UK market is expected to increase at a CAGR of 10% between 2022 and 2028. Furthermore, the France market will grow at an 11.7% CAGR from 2022 to 2028.
Major Companies Operating in the Europe Medical Image Analysis Software Market
- Agfa HealthCare
- Medviso AB
- Aquilab
- Bruker Corporation
- Carestream Health Inc.
- Esaote S.p.A
- GE Healthcare
- Spacelabs Healthcare
- Merge Healthcare Inc.
- Xinapse Systems Ltd.
- MIM Software Inc.
- Philips Healthcare
- Claron Technologies
- Siemens Healthcare
- Toshiba Medical Systems Corporation
