Global Medical Imaging Software Market 2017-2021

Global medical imaging software market overview

The global medical imaging software market forecast report compiled by market research analysts at Technavio predict that this industry will grow steadily during the next four years and post a CAGR of nearly 7% by 2021. This market research analysis identifies the up gradation of analog to digital medical imaging systems as one of the primary factors for the medical imaging software market growth. The switch from analog to digital imaging systems has risen the demand for medical imaging software. Healthcare centers, like hospitals and diagnostic centers, are advancing from analog X-ray systems to digital x-ray systems costing much higher than the analog systems. To counter this, cost-effective solutions like retrofit kits are used to convert analog X-ray systems into computed radiography systems by adopting detection devices such as high-density solid scan systems or flat panel detectors. As per the medical imaging software industry report, these systems have assisted hospitals and other diagnostic centers in modernizing their analog systems cost-effectively and driving the growth of the market in future.

In terms of geography, the Americas led the market during 2016 and is expected to continue the lead over the next four years. Factors such as increased revenue from the key players in the region and improved knowledge about technological advances and better medical infrastructure in the US will drive the growth of the market in this region.

Competitive landscape and key vendors