Medical Image Management Market by Product (PACS (Departmental (Radiology, Cardiology), Enterprise), VNA (On-premise, Hybrid, Cloud, Multi-department, Multi-site, ISV), AICA) & End user (Hospitals, Diagnostic Imaging Centers, ASC, CRO) - Forecasts to 2020 - 2025

Report Code: HCR 0489 Report Format: PDF + Excel (Delivery in 48 Hrs)

Medical Image Management System Market Overview

Medical Image Management System Market size is forecast to reach $5.31 billion by 2025, growing at a CAGR of 7.03% during the forecast period 2020-2025. Medical Image Management System includes recording and storing the diagnostic results which help healthcare professionals to treat the disease. The increasing importance of medical imaging in the primary diagnosis of disease and changing healthcare environment are the major factors driving the growth of the market. Increasing usage in the drug development process and improving care coordination & reporting capabilities is set to further enhance the overall market demand for the medical image management system during the forecast period 2020-2025.

Report Coverage

The report: “Medical Image Management System Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Medical Image Management System Market. 

By Solution: Picture Archive Communication System, Vendor Neutral Archive, and Application Independent Clinical Archives
By End Use: Hospitals, Diagnostic Laboratories, Contract Research Organizations, and Academic Institutes &Research Laboratories
By Geography: North America, Europe, Asia Pacific and Rest of the World (RoW)

Key Takeaways

  • North America dominated the Medical Image Management System Market in 2019 owing to the presence of major health IT and increasing regulatory scenarios to minimize imaging complications. The Medical Image Management System Market scope for different regions will be provided in the final report.
  • Changing healthcare environment and the rapid evolution of technologies leading to the integration of managing techniques in clinical settings is likely to aid in the market growth of the Medical Image Management System Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Medical Image Management System Market report.
  • Budgetary constraints and user interface challenges are poised to create hurdles for the Medical Image Management System Market.

Product - Segment Analysis

The Picture Archive Communication System segment held the largest share in the Medical Image Management System Market in 2019 and is estimated to grow at a CAGR of 6.82% during the forecast period 2020-2025. Picture Archive Communication System is a medical imaging technology that provides economical storage and convenient access to pictures from multiple modalities. It is used in hard copy replacement, remote access, electronic image integration platform, and radiology workflow management. Picture Archive Communication System eliminates the need to manually file and store, retrieve, and sent sensitive information. They are increasingly important as the volume of digital medical images is growing throughout the healthcare industry. The modern use of the Picture Archive Communication System can be attributed to digital imaging and communication in medicine which is a standard protocol for the management and transmission of medical images and related data. The Picture Archive Communication System is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.

End User - Segment Analysis

The Hospitals held the largest share in the Medical Image Management System Market in 2019. This is owing to the increasing focus to reduce the future needs for costly and time-consuming data migration. Applications of medical imaging management have grown significantly by other departments apart from radiology such as cardiology, endoscopy, pathology, oncology, and dermatology which results in increasing demand for medical imaging management systems by hospitals. Increasing focus to reduce the future needs for costly and time-consuming data migration, a growing number of hospitals, and a greater budget to implement advanced solutions such as VNA and AICA in hospitals. Hospitals are set to be the highest growing segment and are estimated to register the highest CAGR during the forecast period 2020-2025 owing to growing awareness about early diagnosis of diseases.

Geography - Segment Analysis

North America dominated the Medical Image Management System Market in 2019 with a share of more than 41.66%, followed by the Asia Pacific owing to the increasing prevalence of various diseases such as cancer and cardiovascular disease. The increasing adoption of technologically advanced imaging systems and increasing awareness of the benefits of early diagnosis of diseases is increasing the growth of the medical image management system market in this region.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to a large pool of patients, and increasing prevalence of various diseases in the region. The increasing medical tourism and the government investments in healthcare infrastructures is also estimated to have a positive growth in this region. 

Drivers – Medical Image Management System Market  

  • Increasing importance of medical imaging in the primary diagnosis of disease and changing healthcare environment
The increasing importance of medical imaging in the primary diagnosis of disease and changing healthcare environment is increasing the growth of the medical image management system market. Medical Imaging Management is the application of a management system that provides solutions to hospitals, clinics, and diagnostic imaging centers. Medical Imaging Management provides a completely secure, robust solution to radiology, imaging archiving, report dictation, study, and report storage. increase in the geriatric population, higher incidence and prevalence of various diseases (such as cancer and Cardiovascular disease (CVD)), a large number of imaging centers in developing regions, ongoing research activities, fast adoption of technologically advanced imaging systems, and increasing awareness about the benefits of early diagnosis of diseases are some factors anticipated to fuel the growth of the global medical imaging management market Thus, increasing the growth of the medical image management system during the forecast period 2020-2025.
  • Changing healthcare environment and rapid evolution of technologies led to the integration of managing techniques in clinical settings
Changing healthcare environment and the rapid evolution of technologies led to the integration of managing techniques in clinical settings is increasing the growth of the medical image management system market. Healthcare organizations are gradually moving towards a population health management model and better patient enablement and medical imaging informatics. Technological advancements in diagnostic imaging modalities and image management solutions, increasing usage of imaging equipment, and increasing adoption of vendor neutral archive is increasing the growth of the medical image management system. Artificial intelligence, augmented reality, three-dimensional printing, cinematic rendering, and digital twin technology are some of the recent innovations in the medical image management system.   Thus, increasing the growth of the medical image management system during the forecast period 2020-2025.

Challenges – Medical Image Management System Market

  • Budgetary constraints and user interface challenges 
Some of the factors that can impede the growth of the Medical Image Management System Market are budgetary constraints and user interface challenges.

Medical Image Management System Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Medical Image Management System Market. In 2019, the Medical Image Management System Market share is consolidated by the top ten players present in the market. Medical Image Management System, the top 10 companies are Siemens Healhiers, McKesson Corporation, General Electric Company, Fujifilm Holdings Corporation, Siemens AG, IBM Corporation, Koninklijke Philips N.V., AGFA-Gevaert Group, Philips Healthcare, and GE Healthcare among others.

Acquisitions/Product Launches

  • In July 2017, GE Healthcare acquired Danaher’s.
  • In November 2019, GE Healthcare acquired Puridify.

1. Medical Image Management System - Overview
    1.1 Definitions and Scope
2. Medical Image Management System - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Solution
    2.3 Key trends by End Users
    2.4 Key trends by Geography
3. Medical Image Management System – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Medical Image Management System - Startup Companies Scenario (Premium)
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Medical Image Management System – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Medical Image Management System Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Medical Image Management System – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Medical Image Management System  – By  Solution(Market Size –$Million/$Billion)
    8.1 Picture Archive Communication System
    8.2 Vendor Neutral Archives
    8.3 Application Independent Clinical Archives
    8.4 Others
9. Medical Image Management System  – By End User(Market Size –$Million/$Billion)
    9.1 Hospitals
    9.2 Diagnostic Laboratories
    9.3 Contract Research Organizations
    9.4 Academic Institutes & Research Laboratories
10. Medical Image Management System - By Geography 
    10.1 North America
        10.1.1 U.S.
        10.1.2 Mexico
        10.1.3 Canada
    10.2 Europe
        10.2.1 U.K.
        10.2.2 France
        10.2.3 Germany
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia
        10.3.6 New Zealand
        10.3.7 Rest of APAC
    10.4 Rest of the World
        10.4.1 Middle East
        10.4.2 Africa
        10.4.3 South America
11. Medical Image Management System - Entropy
12. Medical Image Management System – Industry/Segment Competition Landscape   (Premium) 
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Best Practices for Companies
13. Medical Image Management System – Key Company List by Country Premium (Premium)
14. Medical Image Management System Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
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