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The global Medical Imaging Management market is expected to witness a CAGR of 6.2% over the forecast period of 2018-2023. Evolution of the technology has made it easy for the doctors to diagnose the disease earlier and develop suitable outcomes for the same. The medical imaging management includes the fusion of variety of information systems.
Emergence of Big Data in Healthcare
The rising geriatric population, increasing prevalence of chronic diseases and developments in the medical technology has lead the healthcare sector to grow across the globe. As the sector is growing, new technologies and tools such as big data are emerging in healthcare. Big data has already made good impact on the healthcare industry. The emergence of big data in healthcare is due to the increase in the healthcare data across the world. The ability of big data tools to securely store and analyze abundant data is helping the medical imaging management (MIM) solutions. The healthcare professionals with the utilization of big data tools are able to access thousands of patient’s medical history. This helps these professionals in the early diagnosis of particular diseases and offer better solution for the patient. Hence, the market is being affected positively by the emergence of big data in healthcare.
Along with that, other factors such as rising EMR adoption and technological innovations in diagnostic imaging and image management are driving Medical Imaging Management market.
Cost Associated With Implementation of Medical Imaging Management Solutions
Medical imaging is one of the most popular and widely used service in the healthcare sector. As the improvements in medical imaging are being done, the cost of the instruments, devices and other tools associated with the same is increasing. Similarly, cost of the implementation of medical imaging management systems is quite higher and is not affordable by everyone.
The countries where healthcare expenditure is low, implementation of such high cost services becomes challenging and it results in their lower adoption. Due to the higher maintenance cost of the systems, the overall cost of diagnosis increases, which lands the payers into hesitation before obtaining the service. Hence, the cost associated with the MIM solutions is hindering the growth of overall market.
Decrease in the supply of SPECT and PET systems due to the shortage of radioisotopes is another factor restricting the growth of the market.
North America Holds the Largest Share in the Medical Imaging Management (MIM) Market
North America accounts for the largest share of the market studied. This can be primarily attributed to the presence of developed medical and healthcare infrastructure along with higher number of skilled professionals who are able to operate the technologically advanced MIM tools. These factors are also expected to augment the growth of the market over the forecast period.
Key Developments in the Market
• Jun 2018: Fujifilm completes acquisition of Irvine Scientific Sales Company and IS Japan, leading companies of cell culture media.
Major Players - AGFA-GEVAERT GROUP, BRIDGEHEAD SOFTWARE, CARESTREAM HEALTH, INC. (ONEX CORPORATION), DISTRIBUTED MEDICAL AB, FUJIFILM HOLDINGS CORPORATION, GE HEALTHCARE, MCKESSON CORPORATION, MERGE HEALTHCARE INC. (IBM CORPORATION), NOVARAD CORPORATION, PHILIPS HEALTHCARE (ROYAL PHILIPS ELECTRONICS), AND SIEMENS HEALTHINEERS (SIEMENS AG) among others.
Reasons to Purchase the Report
•Current and future global Medical Imaging Management market outlook in the developed and emerging markets
• Analysis of various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Emergence of Big Data in Healthcare
The rising geriatric population, increasing prevalence of chronic diseases and developments in the medical technology has lead the healthcare sector to grow across the globe. As the sector is growing, new technologies and tools such as big data are emerging in healthcare. Big data has already made good impact on the healthcare industry. The emergence of big data in healthcare is due to the increase in the healthcare data across the world. The ability of big data tools to securely store and analyze abundant data is helping the medical imaging management (MIM) solutions. The healthcare professionals with the utilization of big data tools are able to access thousands of patient’s medical history. This helps these professionals in the early diagnosis of particular diseases and offer better solution for the patient. Hence, the market is being affected positively by the emergence of big data in healthcare.
Along with that, other factors such as rising EMR adoption and technological innovations in diagnostic imaging and image management are driving Medical Imaging Management market.
Cost Associated With Implementation of Medical Imaging Management Solutions
Medical imaging is one of the most popular and widely used service in the healthcare sector. As the improvements in medical imaging are being done, the cost of the instruments, devices and other tools associated with the same is increasing. Similarly, cost of the implementation of medical imaging management systems is quite higher and is not affordable by everyone.
The countries where healthcare expenditure is low, implementation of such high cost services becomes challenging and it results in their lower adoption. Due to the higher maintenance cost of the systems, the overall cost of diagnosis increases, which lands the payers into hesitation before obtaining the service. Hence, the cost associated with the MIM solutions is hindering the growth of overall market.
Decrease in the supply of SPECT and PET systems due to the shortage of radioisotopes is another factor restricting the growth of the market.
North America Holds the Largest Share in the Medical Imaging Management (MIM) Market
North America accounts for the largest share of the market studied. This can be primarily attributed to the presence of developed medical and healthcare infrastructure along with higher number of skilled professionals who are able to operate the technologically advanced MIM tools. These factors are also expected to augment the growth of the market over the forecast period.
Key Developments in the Market
• Jun 2018: Fujifilm completes acquisition of Irvine Scientific Sales Company and IS Japan, leading companies of cell culture media.
Major Players - AGFA-GEVAERT GROUP, BRIDGEHEAD SOFTWARE, CARESTREAM HEALTH, INC. (ONEX CORPORATION), DISTRIBUTED MEDICAL AB, FUJIFILM HOLDINGS CORPORATION, GE HEALTHCARE, MCKESSON CORPORATION, MERGE HEALTHCARE INC. (IBM CORPORATION), NOVARAD CORPORATION, PHILIPS HEALTHCARE (ROYAL PHILIPS ELECTRONICS), AND SIEMENS HEALTHINEERS (SIEMENS AG) among others.
Reasons to Purchase the Report
•Current and future global Medical Imaging Management market outlook in the developed and emerging markets
• Analysis of various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Frequently Asked Questions
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