Overview and Scope
Medical imaging systems use high-frequency sound waves (ultrasound and echocardiography), magnetic fields (MRI), and electromagnetic radiation to provide medical professionals and researchers with the necessary information. Enhancing diagnostic interpretation is the main objective of digital picture post-processing in medical imaging. Medical imaging displays and post-processing software are used in surgery by radiologists and surgeons to view and examine images produced by imaging techniques like CT and MRI.
Sizing and Forecast
The medical imaging displays and post processing software market size has grown rapidly in recent years. It will grow from $5.05 billion in 2023 to $5.81 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to growing incidence of chronic diseases, rise in diagnostic imaging procedures, increased focus on patient-centric care, need for precision medicine, increasing aging population, digitalization of healthcare..
The medical imaging displays and post processing software market size is expected to see rapid growth in the next few years. It will grow to $10.05 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to focus on diagnostic accuracy, enhanced user interfaces and workflow efficiency, global health emergencies, personalized medicine approaches, interoperability with health information systems.. Major trends in the forecast period include advancements in display technology, transition to high-resolution 3d imaging, integration of artificial intelligence, mobile medical imaging displays, remote viewing and teleradiology, color calibration and consistency, cross-platform compatibility..
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Segmentation & Regional Insights
The medical imaging displays and post processing software market covered in this report is segmented –
1) By Type: Medical Imaging Displays, Post-Processing Software
2) By Technology: X-ray, Computed Tomography (CT), Ultrasound, Magnetic Resonance Imaging (MRI), Single-Photon Emission Computed Tomography (SPECT), Positron Emission Tomography (PET)
3) By Image: 2D, 3D, 4D
4) By Application: Medical, Commercial, Academic
North America was the largest region in the medical imaging displays and post processing software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical imaging displays and post processing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in digitisation of medical imaging is expected to propel the growth of the medical imaging displays and post-processing software market. Digitisation involves transforming analogue signals or information in any form into a digital format understandable by computer systems or other electronic devices. Large amounts of data can be transformed into insights using medical imaging displays and post-processing software, resulting in more accurate diagnoses, tailored treatments, and happier patients. For instance, in September 2020, according to a report published in 2022 by National Health Service England, a UK governmental department, 40.4 million imaging tests were recorded between June 2019 and May 2020 in England. 1.91 million imaging tests were claimed to have been performed in May 2020. Therefore, the enormous use of digitisation of medical imaging is driving the growth of the medical imaging displays and post-processing software market.
Key Industry Players
Major companies operating in the medical imaging displays and post processing software market report are Carestream Health, Esaote SpA, General Electric Company, Softneta, mediCAD Hectec GmbH, Siemens Medical Solutions USA Inc., Hitachi Ltd., Koninklijke Philips NV, Shimadzu Corporation, 3dMD, Alma Medical Imaging, Barco NV, EDDA Technology Inc., Hologic Inc., MEDIAN Technologies, Nemotec Medical Imaging Inc., Owandy Radiology, Emedica Health Inc., Medecom Medical Systems Inc., Vieworks Co. Ltd., Planmed Oy, Accuray Incorporated, Agfa Healthcare NV, Canon Medical Systems Corporation, Fujifilm Holdings Corporation, Merge Healthcare Inc., Sectra AB, Toshiba Medical Systems Corporation, Vital Images Inc., NEC Corporation
The medical imaging displays and post processing software market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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