Growing Trend of imaging procedures, innovations in diagnostic imaging, and integration of medical image data with patient data in records such as electronic health records (EHRs), health information systems, and radiology information systems (RIS) are some of the key factors propelling the medical image management market.
Medical image management system is a software platform that can handle all forms of medical images in a healthcare business. A modern medical image management system contains capabilities for image analysis and processing as well as image acquisition, storage, retrieval, and distribution.
Growing Employment of Medical Image Management Systems in the Diagnostic Sector is Fueling the Global Medical Image Management Market
Medical image management system is critically important in diagnostic imaging. One of the significant advantages provided by the system is the integration of medical image data with patients’ electronic health records and other healthcare systems, resulting in a complete picture of patient health. Picture Archiving and Communication System (PACS), Vendor Neutral Archives (VNA), and Application-independent Clinical Archives (AICA) are three main technologies employed in these systems. The integration of PACS/VNA with EHR and increased demand for cloud-based solutions are creating opportunities for important stakeholders all over the world. For instance,
- In March 2023, Carestream Health released its expanded Imaging Portfolio at ECR 2023 which will enhance image capture, data processing, clinical results and improve patient care
The Future of Integrated Diagnostic Healthcare Systems is Medical Image Management Systems
The prevalence of chronic diseases has been rise, the aging population’s continuous rise globally, the rising number of imaging procedures, the requirement for efficient and accurate diagnostic imaging, and the global adoption of EHR are the primary drivers of the medical image management market. Other reasons driving its growth in the global market include rapidly expanding healthcare data, technological advancements in imaging modalities, and the necessity to integrate healthcare systems. For instance,
§ In April 2023, Intelerad released its improved Enterprise Imaging and Informatics Suite at HIMSS 2023 which featured the Widest medical image exchange network. The suite breaks down siloed data and creates a seamless, vendor-neutral information hub, integrating vital patient data across the whole healthcare ecosystem. By adding the image exchange solution into the suite, health systems can safely send and receive patient data across the world, promoting collaboration and simplifying patient access
North America Projected to Continue to Hold a Large Share in the Medical Image Management Market
From a Geographical outlook, North America accounts for a big chunk of the market share in the medical image management market. This can be mainly credited to the technological advancements in the diagnostic sector, advanced healthcare systems & infrastructure, and the presence of key players in the region.
However, the Asia-Pacific Market is poised to witness rapid growth in the next years, owing to the growing geriatric population, large amount of patients, rising occurence of various diseases, and rapid developments of diagnostic facilities in the region.
Competitive Landscape Analysis : Medical Image Management Market
Some of the key players operating in the market include BridgeHead Software, Carestream Health Inc., Fujifilm Holdings Corporation, GE Healthcare, Merge Healthcare Inc., Novarad Corporation, Philips Healthcare, Siemens Healthineers, and McKesson Corporation among others.
Organic and Inorganic Growth Strategies Used by Players to Establish Their Foothold in the Medical Image Management Market
Players operating in this market are adopting organic and inorganic growth strategies such as upgrading with new technology, launching new products, collaborations, and acquisitions to garner higher market share. For instance,
- In April 2023, Philips partnered with AWS to bring Philips HealthSuite Imaging PACS to the cloud. The collaboration will create advance AI-enabled tools, and diagnostic capabilities to achieve efficient workflow in clinics
The medical image management market is a growing market that is expected to gain further traction in the coming years due to rising elderly population, growing demand for medical imaging equipment, increasing adoption of EHRs, rising investment in R&D & constant new product launches by key players, and aggressive organic and inorganic growth strategies employed by the players.
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