Medical Imaging Informatics Market to Reach $5,383 Mn by 2022

1. Medical Imaging Informatics Market

2. The key players in the Global medical imaging informatics market are employing novel concepts and ideas to offer innovative medical imaging informatics products and have adopted product launch and agreement as the key developmental strategy to keep pace with the changes in demands for end users. Medical Imaging Informatics Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $5,383 million by 2022, registering a CAGR of 5.6% during the period 2016-2022. Get Sample Report

3. Software segment dominated the market in 2015 and expected to continue its dominance. North America accounted for around half of the Global medical imaging informatics market in 2015. Increase in the number of diagnostic imaging procedures, high prevalence of chronic diseases, decrease in cost of medical imaging informatics data storage platforms, and improving healthcare ecosystems are the major factors that drive the growth of the market. However, lack of expertise to operate information technology integrated imaging modalities and high installation cost of medical imaging informatics solutions restrict the market growth. Furthermore, developing countries, such as China and India, are expected to provide huge growth opportunities to this market.

4. In the year 2015, the software component segment accounted majority share of the overall medical imaging informatics market due to increase in demand for medical imaging software and rise in number of medical imaging procedures globally. The digital radiography segment held the leading position with over two-seventh market share of the Global medical imaging informatics market in 2015, owing to the frequent use of digital radiography systems in the healthcare facilities. However, the mammography segment is estimated to register fastest growth with the CAGR of 9.0% during the forecast period, owing to innovative and advanced applications of mammography and increase in incidences of breast cancer worldwide

5. Key findings of Medical Imaging Informatics Market: • In the year 2015, software component was the leading segment of overall medical imaging informatics market revenue, and is projected to grow at a CAGR of 5.5% during the forecast period. • North America accounted for around half of the Global medical imaging informatics market in 2015. • The digital radiography segment is projected to generate largest revenue in the Global medical imaging informatics market. • Japan alone is the major shareholder in the Asia-Pacific region accounting for around one-third share of the Asia-Pacific medical imaging informatics market.

6. The key players in the medical imaging informatics market focus on expanding their business operations in the emerging countries with new product launches as the key strategy. The key players profiled in this report include Koninklijke Philips N.V. (The Netherlands), General Electric Company (U.S.), Siemens AG (Germany), Agfa-Gevaert N.V. (Belgium), Carestream Health, Inc. (U.S.), McKesson Corporation (U.S.), Lexmark International Inc. (U.S.), Toshiba Corporation (Japan), EsaoteSpA (Italy), and Dell Inc. (U.S.).