Global Medical Image Management Market is poised to witness a CAGR of 7 to 8% by 2027

The medical image management system is a platform which can handle multiple types of medical images in a healthcare company. Some of the primary advantages of a modern medical image management system are image capture, image storage, image retrieval, and image distribution and it also includes various tools for image analysis and image processing.

An increasing Application of Medical Image Management Systems in the Diagnostic Market is Driving the Growth of the Global Medical Image Management Market

Medical image management system plays a very important role in diagnostic imaging. One of the key advantage, the system offers is an integration of medical image data with the patient’s electronic health records and other healthcare systems thus providing a complete view of the patient's health. Some of the advanced technologies used in these systems are Picture Archiving and Communication System (PACS), Vendor Neutral Archives (VNA), and Application-independent Clinical Archives (AICA). 

The integration of PACS/VNA with EHR and an increasing demand for cloud-based solutions are producing ample growth opportunities for the leading market players operating in the global medical image management market across the world. 

Medical Image Management Systems Market: Future of Integrated Diagnostic Healthcare Systems

An increasing number of chronic diseases, growing population, an increasing number of imaging procedures, the rising demand for an efficient and accurate diagnostic imaging and the growing adoption of EHR are the some of the major growth drivers of the medical image management market. Quickly increasing healthcare data, technological innovations in imaging modalities, and the requirement for integrating healthcare systems are the other parameters driving its growth in the worldwide market. 

North America Accounts for the Larger Market Share in the Global Medical Image Management Market

From a geographic outlook, North America accounts for the larger market share in the global medical image management market. This can be mainly attributed due to the technological developments in the diagnostic market, advanced healthcare systems and fully-developed infrastructures, and the presence of top market players in North America. 

However, APAC region is projected to see a significant growth in the coming years, due to the rising population, an increasing volume of patients, rising cases of many diseases, and consistent developments of diagnostic centers in APAC.

Competitive Landscape Analysis: Medical Image Management Market

Some of the leading and emerging players operating in the global medical image management market are as below: -

  • BridgeHead Software
  • Carestream Health Inc.
  • Fujifilm Holdings Corporation
  • GE Healthcare
  • Merge Healthcare Inc.
  • Novarad Corporation
  • Philips Healthcare 
  • Siemens Healthineers
  • McKesson Corporation

Aggressive Growth Strategies Adopted by the Leading Market Players to Establish Their Foothold in the Medical Image Management Market

All the leading players operating in the global medical image management market are adopting aggressive growth strategies such as upgrading with new technology, launching new products, collaborations and partnerships and acquisitions to gain a higher market share. 

For instance, 

  • In April 2023, Philips joined forces with AWS to bring Philips HealthSuite Imaging PACS to the cloud. This partnership will offer an enhanced AI-enabled tools and diagnostic capabilities to achieve an efficient workflow in clinics.

The global medical image management market is a rapidly emerging market and is poised to witness a healthy growth in the coming years due to the rising geriatric population, growing demand for medical imaging equipment, global adoption of EHRs, growing investments in the R&D activities and constant new product launches by the leading market players and aggressive growth strategies adopted by the key market players.

Get Detailed Insights on Medical Image Management Market with a FREE Sample Report @ https://meditechinsights.com/medical-image-management-market/

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