The global image analysis software market is anticipated to grow at a significant CAGR of 7.2% during the forecast period (2022-2028). Machine learning is used in image analysis software to dissect photos and return data about everything contained inside them. It can be programmed to look for certain details, such as a speeding car on a traffic camera or facial expressions at a store, and then provide the necessary findings. Due to the increased frequency of chronic diseases and the growing use of computer-aided diagnostics, there is an increase in the use of imaging technology, which is one of the major drivers of the image analysis software market. Additionally, COVID-19 created a positive impact on the market, as infection in the lungs of patients is identified via X-ray imaging. In June 2020, GE Healthcare released a chest X-ray analysis package powered by artificial intelligence for thoracic X-rays as well as diseases connected to COVID-19, such as tuberculosis and pneumonia. As a result, due to the ongoing pandemic, COVID-19 precise diagnosis and treatment are predicted to benefit the image analysis software market.
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The computer-aided diagnosis helps the radiologist in reducing manual data interpretation errors and in diagnosing problems that are frequently overlooked during manual analysis operations. This technique was originally developed for mammographic image processing, but it has since been expanded to include the detection and analysis of cancers of the colon, lung, liver, and prostate. As a result this expanding use of computer-aided diagnosis technology for image analysis is likely to propel the image analysis software market during the forecast period.
The cloud-based model has emerged as a viable option for delivering image analysis software. Cloud-based image analysis tools make it simple to deliver analytical insights from a multi-terabyte database from anywhere, at any time, and on any platform. Every change in data is gathered and automatically updated on the dashboard in real-time with these solutions. Due to these benefits, the image analysis software market is projected to grow significantly during the forecast period.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Image Type
- By Modality
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Agfa-Gevaert Group, Canon Medical Systems, General Electric Co., Koninklijke Philips N.V., and IBM, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Image Analysis Software Market Report by Segment
By Image Type
- 2D Image
- 3D Image
- 4D Image
By Modality
- Tomography
- Ultrasound Imaging
- Radiographic Imaging
- X-Ray Imaging
- MRI
- Other
By End-User
- Hospital
- Diagnostic Center
- Research Center
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