Global Medical Image Analysis Software Market valued at $3 billion in 2021, is expected to grow at a consistent CAGR of >10%
Medical image analysis software uses deep learning algorithms to read and evaluate images. Increasing Volume of Medical Images Coupled with Shortage of Radiologists Medical images make up ~90% of the data in healthcare and >95% of it goes unanalyzed or unused. The number of images generated globally increases every year and this trend is likely to continue, as growing number of people will gain access to better medical care. Growing volume of images puts pressure on radiologists. This issue further intensifies with the shortage of trained radiologists across the globe. This in turn drives the adoption of medical image analysis software which helps increase the speed and accuracy of analysis thereby reducing report turnaround time. However, flawed, incomplete or poor-quality images can pose challenge to efficiently make use of this software. Technological Advancements in Medical Image Analysis Software Market While medical imaging analysis software can definitely reduce radio...