Global Ultrasound Image Analysis Software Market

Ultrasound Image Analysis Software Market Size, Share, Growth Analysis, By Software type(Integrated software, Standalone software), By Product(2D Ultrasound Systems, 3D & 4D Ultrasound Systems, Doppler Imaging), By Application(Orthopedic, Dental, Cardiology, Oncology), By Region - Industry Forecast 2024-2031


Report ID: SQSG45E2030 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 94 | Figures: 76

Ultrasound Image Analysis Software Market Insights

Global Ultrasound Image Analysis Software Market size was valued at USD 3 billion in 2019 and is poised to grow from USD 3.23 billion in 2023 to USD 6.3 billion by 2031, growing at a CAGR of 7.7% in the forecast period (2024-2031).

It is projected that the use of these goods will increase as more chronic diseases may be quickly diagnosed using ultrasonic imaging. Additionally, advances in technology, such as computer-aided diagnosis (CAD), are expected to open up chances for enhanced image analysis in a variety of disease application areas, including cardiology, obstetrics & gynaecology, and other well-known applications, with a high growth potential. Additionally, it is believed that the presence of government entities actively working to promote advanced software and suggest it as a standardised solution will further fuel demand for this industry. Over the next few years, there will likely be a significant increase in the demand from healthcare professionals for new-generation and advanced picture analysis skills.

The growing use of cloud-based solutions is the favourable trend expected to support market growth. Due to its improved information accessibility and real-time analysis, the cloud-based approach has emerged as an efficient way to supply medical image analysis software. Insights from a multi-terabyte database may be easily sent to any location, at any time, and on any platform with the use of cloud-based image analysis systems. A cloud-based imaging solution also requires no initial hardware investment, lessens the strain on healthcare systems due to reduced or no internal staff engagement, and speeds up data transfer between companies. Due to these advantages, there will likely be plenty of potential for market expansion as a result of the demand for cloud-based image analysis solutions.

US Ultrasound Image Analysis Software Market  is poised to grow at a sustainable CAGR for the next forecast year.

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Ultrasound Image Analysis Software Market size was valued at USD 3 billion in 2019 and is poised to grow from USD 3.23 billion in 2023 to USD 6.3 billion by 2031, growing at a CAGR of 7.7% in the forecast period (2024-2031).

The ultrasound image analysis software market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'General Electric Company', 'Siemens Healthineers AG', 'Koninklijke Philips N.V.', 'Fujifilm Holdings Corporation', 'Esaote SpA', 'Hitachi, Ltd.', 'Analogic Corporation', 'Canon Medical Systems Corporation', 'Mindray Medical International Limited', 'Terason Corporation', 'Samsung Medison Co., Ltd.', 'MIM Software Inc.', 'Image Analysis Group', 'Quibim SL', 'ContextVision AB', 'Pie Medical Imaging BV', 'Clarius Mobile Health', 'Xoran Technologies LLC', 'Toshiba Medical Systems Corporation', 'Hologic, Inc.'

Rising applications of computer aided technology favour the growth of market. Data interpretation will be offered by computer-aided diagnosis using software. This approach assists the diagnosis of anomalies that are frequently missed during manual analysis processes and helps radiologists reduce human errors in data interpretation. Although its original use was for the examination of mammographic images, this technique now has other uses. Thus, the market is projected to develop due to the growing use of CAD technology for image analysis.

Emergence of Cloud-based technologies: The adoption of cloud-based technology is rising which is predicted to facilitate the market growth. Given that it provides improved information accessibility and real-time analysis, the cloud-based approach has emerged as a viable option for distributing medical image analysis software. Solutions for cloud-based image analysis make it simple to deliver analytical insights from multi-terabyte databases at any time, on any platform, and from any location. Additionally, a cloud-based imaging solution lessens the strain on healthcare systems by requiring less or no internal staff participation, enables quicker data transfer between organisations, and does not require an upfront financial investment in hardware. Because of these advantages, there should be plenty of room for market expansion thanks to the demand for cloud-based image analysis solutions.  

ultrasound image analysis software market is dominated by North America. This is because there are well-established healthcare institutions with cutting-edge diagnostic equipment and admirable government initiatives to promote the use of health care systems. The region's market growth is also attributable to increased R&D investments and the presence of market leaders. Software Inc. collaborated with Genesare, a provider of integrated cancer care to improve patient access. The clinical team at Genentech treats more than 400,000 cancer patients in more than 440 locations across the globe, including the United States, Canada, and Spain. These initiatives are anticipated to support regional market growth.

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Global Ultrasound Image Analysis Software Market

Report ID: SQSG45E2030

$5,300
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