According to FutureWise analysis the market for Medical Image Management in 2023 was US$ 4.4 billion, and is expected to reach US$ 8.1 billion by 2031 at a CAGR of 7.92%.
Medical image offers the potential and promise for major advances in science and medicines with high quality of images on disease diagnosis. Management of these images includes recording and storing the diagnostic results, which helps the health care professionals to treat the disease of interest in terms of treatment schedule. Imaging science has three distinct lines of investigation: segmentation, registration and visualization. It also involves the display, manipulation and measurement of data. Along with this medical imaging is an applied science, where basic imaging principles applying to diagnose and treat disease. Nowadays new techniques are emerging to overcome these problems along with software’s to manage the date of medical imaging.
Demand is driven by the increasing importance of medical imaging in the primary diagnosis of disease. Rising demand is further augmented by increasing safety concerns fuelled the growth of the medical image management market. Further, the rising complexity of imaging techniques led to the development of specific guidelines for better management primary healthcare settings has boosted the growth of the market. Additionally, changing healthcare environment and regulatory scenarios to minimize the imaging complications have boosted the growth of the market. The rapid evolution of technologies led to the integration of managing techniques in clinical settings has further boosted the growth of market. The market is expected to witness double growth rate during the forecast period due to increasing adoption. It also used in the drug development process and created potential opportunities for new market players.
North America and Europe Medical Image Management markets are expected to dominate the global market due to well-established healthcare systems. Changing economic conditions of the Asia Pacific region is expected to boost the growth of the market in this region. Latin America and Rest of World is a highly untapped market and created opportunistic space for international players and expected to fuel the growth of the global medical image management market.