Digitalization of medical imaging over conventional film based imaging coupled with the boost in new emerging medical softwares are the major factors driving the medical imaging global displays and post-processing software market growth. Furthermore, decreasing healthcare costs globally and rising demand for health care services are also expected to further boost the medical imaging global displays and post-processing software market. Medical display monitors play a pivotal role in the medical imaging process as they enable radiologists and surgeons to view and analyze the images generated by imaging modalities such as CT and MRI during a surgical procedure. Healthcare equipment vendors are continuously seeking to provide an integrated diagnostic model facilitating evidence based, patient centric healthcare facilities thereby, further propelling the market. The increasing investments on R&D by medical imaging device manufacturers is the expected to positively affect the medical imaging global display and post processing software market.
The medical imaging global displays and post processing software market in this study is analyzed by segmenting it on the basis of product type.and product application. The market, on the basis of product type, is bifurcated into CAD softwares and 3D CAD softwares. The popularity of CAD software has encouraged vendors to focus on niche specific applications which includes thoracic CAD, breast CAD and colon CAD. The breast CAD segment is expected to hold a strong position owing to the increasing number of mammography, MRI and ultrasound CAD installations. On the basis of product application, the market is divided into invisible light and visible light equipments. The invisible light medical imaging equipment requires other special equipments to operate. Whereas, the visible light medical imaging equipment involves digital video or still pictures that can be seen without special equipments Owing to the independency with respect to special equipments, the visible light imaging equipment contributes the highest revenue in the market.
Geographically, the medical imaging global displays and post processing software market is segmented as North America, Europe, Asia pacific and RoW. North America is the dominating region having the largest share in the market. Increasing healthcare issues and continuously rising population are the key factors driving the medical imaging market in this region. Asia Pacific is on the fast pace and expected to record a high growth during the forecast period.
Some key market players functioning as GE Healthcare, Shimadzu Corporation, Hitachi Medical Corporation, Toshiba America Medical Systems, Philips Healthcare and Siemens Healthcare.
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