Market Overview

Global Medical Image Management Market, 2023 - Untapped Emerging Markets


Global Medical Image Management Market, 2023 - Untapped Emerging Markets

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DUBLIN, Aug 30, 2018 /PRNewswire/ --

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The "Medical Image Management Market by Product (PACS (Departmental, Radiology, Mammography, Cardiology, Enterprise), VNA (On-premise, Hybrid, Cloud), AICA, Universal Viewer), End User - Global Forecast to 2023" report has been added to's offering.

The medical image management market is projected to reach USD 4.40 billion in 2023 from USD 3.04 billion in 2018 at a CAGR of 7.7% during the forecast period.

The growth of the market is driven by the technological advancements in diagnostic imaging modalities and image management software, growing investments in the medical imaging market, government initiatives to encourage EMR adoption, increasing usage of imaging equipment, and the growing adoption of image management systems by small hospitals and imaging centers, are factors driving the growth of the medical image management market.

Based on products, the medical image management market is segmented into PACS, VNAs, AICA, and enterprise/universal viewers. The PACS segment is expected to account for the largest share of the market in 2018. Factors such as technological advancements in PACS: adoption of PACS in new imaging segments such as endoscopy, ophthalmology, mammography, and oncology; growing adoption of PACS by small hospitals and imaging centers; and government initiatives encouraging healthcare IT adoption are driving the growth of the PACS segment.

On the basis of type, the PACS market is segmented into radiology PACS, cardiology PACS, and other departmental PACS which include PACS solutions for specialties such as ophthalmology, pathology, oncology, radiotherapy, endoscopy, and dentistry. In 2018, the radiology PACS held the largest share of the market as the radiology department of a hospital is where a majority of the imaging studies are handled, managed, and stored.

The medical image management market is segmented on the basis of end users into hospitals, diagnostic imaging centers, and other end users. In 2018, the hospitals segment is expected to account for the largest share of the global medical image management market. The rising patient population, growing awareness about the benefits of early disease diagnosis, increasing digitization of patient data, and rapid growth in EMR adoption are some of the major factors responsible for the large share of the hospitals segment in the market.

The market is dominated by North America, followed by Europe. The dominance of the North American market is attributed to factors such as the large number of imaging centers in this region, ongoing research activities, and rapid adoption of technologically advanced imaging systems. Additionally, government initiatives towards digitization and increasing adoption of EHR/EMR and data storage & exchange solutions are additional factors driving the adoption of medical image management in this region.

While the medical image management market represents significant growth opportunities, market growth may be hindered due to the high implementation and maintenance costs of these solutions, budgetary constraints, and the longer product life cycle of VNA.

Key Topics Covered:

1 Introduction

2 Research Methodology
2.1 Secondary Data
2.2 Primary Data
2.3 Key Industry Insights
2.4 Market Size Estimation
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Medical Image Management Market Overview
4.2 Medical Image Management Market, By Product
4.3 PACS Market, By Procurement Model
4.4 VNA Market, By Delivery Model
4.5 Medical Image Management Market, By End User
4.6 Geographic Snapshot: Medical Image Management Market

5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers Technological Advancements in Diagnostic Imaging Modalities and Image Management Solutions Growing Investments in the Medical Imaging Market Government Initiatives to Encourage EMR Adoption Rapid Growth in Geriatric Imaging Volumes Increasing Usage of Imaging Equipment Growing Adoption of VNA Growing Adoption of Image Management Systems By Small Hospitals and Imaging Centers Rapidly Growing Big Data Market
5.1.2 Restraints Longer Product Lifecycle of VNAs Budgetary Constraints
5.1.3 Opportunities Integration of PACS/VNA With Emr and ECM Integration of PACS & VNA With Artificial Intelligence-Based Technologies Blockchain for Medical Imaging High-Growth Opportunities Offered By Cloud-Based Solutions Untapped Emerging Markets Increasing Consolidation in the Healthcare Industry Growing Potential for Adoption Across Multiple Specialties
5.1.4 Challenges Dependence of VNA and PACS Sales on Capital Equipment Purchasing Usability and User Interface Challenges Post-Implementation Issues in VNA Solutions

6 Medical Image Management Market, By Product
6.1 Introduction
6.2 Picture Archiving and Communication System
6.2.1 PACS Market, By Procurement Model Departmental PACS Departmental PACS Market, By Type Radiology PACS Cardiology PACS Other Departmental PACS Enterprise PACS
6.2.2 PACS Market, By Delivery Model On-Premise Model Web/Cloud-Based Models
6.3 Vendor Neutral Archive (VNA)
6.3.1 VNA Market, By Delivery Model On-Premise VNA Hybrid VNA Fully Cloud-Based VNA
6.3.2 VNA Market, By Procurement Model Multi-Departmental Enterprise VNA Departmental VNA Multi-Site Enterprise VNA
6.3.3 VNA Market, By Vendor Type PACS Vendors Independent Software Vendors (ISVS) Infrastructure/Storage Vendors
6.4 Application-Independent Clinical Archives
6.4.1 Application-Independent Clinical Archives Market, By Vendor Type VNA Vendors Native Aica Vendors
6.5 Enterprise Viewers/Universal Viewers

7 Medical Image Management Market, By End User
7.1 Introduction
7.2 Hospitals
7.3 Diagnostic Imaging Centers
7.4 Other End Users

8 Medical Image Management Market, By Region

9 Competitive Landscape
9.1 Overview
9.2 Market Player Ranking, 2017
9.3 Competitive Situation and Trends
9.3.1 Partnerships, Agreements, Collaborations, and Joint Ventures
9.3.2 Product Launches and Enhancements
9.3.3 Acquisitions
9.3.4 Expansions

10 Company Profiles
10.1 Mckesson Corporation
10.2 GE Healthcare (A General Electric Company)
10.3 Fujifilm Holdings Corporation
10.4 Merge Healthcare Incorporated (Acquired By IBM Corporation)
10.5 AGFA-Gevaert Group (AGFA)
10.6 Philips Healthcare (A Subsidiary of Royal Philips Electronics)
10.7 Sectra AB
10.8 Siemens Healthineers (A Division of Siemens AG)
10.9 Carestream Health, Inc. (A Subsidiary of Onex Corporation)
10.10 Bridgehead Software
10.11 Novarad Corporation
10.12 Mach7 Technologies, Ltd.
10.13 Infinitt Healthcare Co, Ltd.

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