In Terms of Revenue, Global Medical Image Management Market was Worth US$ 3.5 Bn in 2023 and is Anticipated To Witness a CAGR of 8.1% During 2024 – 2034.

The global market is experiencing robust growth, driven by technological advancements and the increasing adoption of medical imaging devices. This market encompasses solutions for the storage, retrieval, sharing, and analysis of medical images, including radiology, pathology, and cardiology images.

Factors such as the growing prevalence of chronic diseases, rising demand for efficient healthcare delivery, and the need for integrated healthcare IT systems contribute to the market’s expansion. Additionally, the transition towards cloud-based solutions and the integration of artificial intelligence (AI) for image analysis are further propelling market growth, with key players continually innovating to meet evolving healthcare demands.

Global Medical Image Management Market Growth Drivers

Technological advancements in imaging devices, rising demand for efficient healthcare delivery, increasing prevalence of chronic diseases, adoption of integrated healthcare IT systems, transition to cloud-based solutions, and integration of artificial intelligence for image analysis are some of the factors accelerating the market growth.

Global Medical Image Management Market Restraints

Concerns regarding data security and privacy, regulatory compliance issues, interoperability challenges between different systems, high implementation costs for advanced solutions, and resistance to adopting new technologies among some healthcare providers are the factors hindering the market’s growth to some extent.

Global Medical Image Management Market Opportunities

Opportunities abound in the global medical image management market, including the increasing demand for telemedicine and remote patient monitoring solutions, expanding applications of artificial intelligence and machine learning in medical imaging, growing investments in healthcare infrastructure in emerging economies, and the rising focus on precision medicine and personalized healthcare approaches.

Global Medical Image Management Market: Segmental Insights

By Product Type

• Application-Independent Clinical Archives
• Picture Archiving and Communication System
• Vendor Neutral Archive

Picture archiving and communication system (PACS) asserted its dominance in 2023, capturing a substantial 54.2% revenue share. Its success stems from streamlined digital image management, facilitating efficient storage, retrieval, and sharing of medical images, thus meeting the evolving demands of healthcare providers and patients alike.

By Deployment Mode

• Cloud
• On premises
• Hybrid

The cloud deployment mode emerged as the dominant prime in the global market, exhibiting a remarkable CAGR of 8.4%. This trend is fuelled by the scalability, accessibility, and cost-effectiveness of cloud-based solutions, meeting the evolving needs of healthcare organizations worldwide.

By Modality

• X-ray
• Computed Tomography (CT)
• Magnetic Resonance Imaging (MRI)
• Ultrasound
• Nuclear Medicine
• Mammography
• Others

Magnetic resonance imaging (MRI) is poised to gain popularity in the coming years due to its non-invasive nature, superior soft tissue visualization, and expanding applications in various medical fields. With advancements enhancing its accuracy and efficiency, MRI is increasingly favoured for diagnostic imaging procedures.

By Application

• Radiology
• Cardiology
• Orthopedics
• Oncology
• Neurology
• Gastroenterology
• Others

Orthopaedics secured dominance in 2023, claiming a significant revenue share of 20.4% due to increasing musculoskeletal disorders, rising aging population, and advancements in orthopaedic treatments and surgeries. These factors drove demand for orthopaedic devices and implants, boosting the market’s growth.

By End User

• Hospitals
• Diagnostic Imaging Centers
• Ambulatory Surgical Centers
• Specialty Clinics
• Others

Hospitals led the market with the largest share of 32.3% in 2023, bolstered by their role as primary healthcare providers and their extensive use of medical imaging technologies for diagnosis, treatment, and patient care, thus contributing to their significant market presence.

By Region

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

Europe emerges as the second-leading region in the global market, boasting a commendable CAGR of 7.8%. This growth is propelled by factors such as increasing investments in healthcare infrastructure, technological advancements, and government initiatives to enhance healthcare access and quality across the region.

Report Layout

Key Market Players

• Agfa-Gevaert Group
• BridgeHead Software Ltd.
• Change Healthcare Inc.
• FUJIFILM Holdings Corporation
• GE HealthCare
• Hyland Software, Inc.
• IBM
• INFINITT Healthcare Co., Ltd.
• Koninklijke Philips N.V.
• Mach7 Technologies
• Novarad Corporation
• Sectra AB
• Siemens Healthineers AG
• Other Industry Participants

Key Development

• In October 2022, Google Cloud introduced a range of medical imaging tools aimed at facilitating quicker and more accurate image diagnosis, improving efficiency for healthcare professionals, and enhancing patient care outcomes. These tools are poised to advance the development of artificial intelligence in imaging and comprise Imaging Storage, Imaging Lab, Imaging Datasets & Dashboards, and Imaging AI Pipelines.
• In June 2022, Bayer unveiled Calantic Digital Solutions, a novel cloud-based platform offering access to digital applications for medical imaging, featuring artificial intelligence tools. This platform includes functionalities to expedite critical patient evaluations, refine lesion diagnosis, and automate various tasks, underscoring Bayer’s commitment to innovating in healthcare technology.

Global Medical Image Management Market Report Coverage

Table of Contents

.