The North America Medical Image Analysis Software Market would witness market growth of 10.7% CAGR during the forecast period (2022-2028).
Medical image processing can help with early disease identification, diagnosis, and therapy. Medical image analysis software can undoubtedly lighten the labor of radiologists, but it cannot completely replace them. Nuclear medicine, MRIs, CT scans, and other imaging modalities are now included in the medical image analysis program. Also, businesses in this sector are working to enhance the analytical capabilities of medical imaging software to develop software capable of discovering clinical irregularities on its own in medical pictures.
Numerous clinical specialties have greatly benefited from the development of medical image evaluation software in individualized care and effective record management. Furthermore, with medical image evaluation software, healthcare workers and researchers at distant locations may communicate medical image statistics easily, boosting their ability to identify, screen for, and treat fatal illnesses.
The medical image analysis software market in North America is anticipated to offer substantial growth potential for market participants. This is mostly due to the increasing frequency of chronic diseases and the need for better diagnostic imaging. In addition, the market is anticipated to expand over the period of forecast due to the presence of well-established healthcare facilities and the increasing need for modern healthcare systems among an ageing population. Especially in nations such as Mexico, the United States, and Canada, the investment rate in the region's medical infrastructure is quite high. Together with the expanding quantity of technology in the region, this is the circumstance. These factors will contribute to expanding the medical image analysis software market in the Asia-Pacific region.
The US market dominated the North America Medical Image Analysis Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,760.1 million by 2028. The Canada market is poised to grow at a CAGR of 13.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 12.2% during (2022 - 2028).
Based on Type, the market is segmented into Integrated and Standalone. Based on Modality, the market is segmented into Computed Tomography, Ultrasound, Magnetic Resonance Imaging, Combined Modalities and Others. Based on End User, the market is segmented into Hospitals, Diagnostic Centers and Others. Based on Application, the market is segmented into Cardiology, Orthopedic, Neurology, Dental, Oncology and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Medical Image Analysis Software Market is Projected to reach USD 6.6 Billion by 2028, at a CAGR of 11.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Canon, Inc. (Canon Medical Systems Corporation), Koninklijke Philips N.V., GE HealthCare Technologies, Inc., Siemens Healthineers AG (Siemens AG), Spacelabs Healthcare (OSI Systems, Inc.), Agfa-Gevaert Group, MIM Software, Inc., Esaote SpA, Aquilab SAS (Coexya), and Merative L.P. (Francisco Partner).
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