Ultrasound Image Analysis Software Market Worth $1.2 Billion By 2025

The global ultrasound image analysis software market size is expected to reach USD 1.2 billion by 2025, according to a new study by Grand View Research, Inc. The growing prevalence of chronic diseases is a high impact rendering growth driver for the market. The increasing prevalence is presumed to be driving the clinical urgency to adopt ultrasound image analysis software in order to improve the existing poor patient diagnostic imaging measures and reduce the long-term cost associated with the conventional diagnostics.

In addition, a widening geriatric population base, possessing high susceptibility toward the development of chronic diseases is expected to upsurge the demand for ultrasound image analysis software in the future. According to research published in Medscape, chronic diseases, which predominantly include cardiovascular diseases, are responsible for the high mortality rate in the U.S. Consequentially; the presence of these highly prevalent cardiovascular diseases raises the demand to utilize advanced diagnostic and imaging alternatives. The aforementioned factor is anticipated to widen the potential for growth throughout the forecast period.

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Further Key Findings From the Study Suggest:

• Standalone systems are expected to exhibit a lucrative growth rate during the forecast period. The exponential growth can be attributed to associated benefits that include easy access, data sharing, enhanced diagnostic, and ability to monitor medical disorders

• 3D&4D ultrasound systems are anticipated to witness growth at an exponential rate owing to increasing software adoption in this segment due to its simplified functionality and enhanced interactive execution of image processing tasks

• In 2015, North America held a dominant share in the global ultrasound image analysis software market owing to the local presence of established pharmaceutical companies that work toward the direction of extensive commercialization of their product offerings

• Asia Pacific is anticipated to grow at an exponential CAGR as a result of unmet patient needs, continual infrastructural & technological upgrades, and rising healthcare expenditure

• Some major players of this sector include GE Healthcare, Philips Healthcare, Siemens Healthineers, Merge Health Incorporated.

• The key participants are employing sustainability strategies to gain a competitive advantage. For instance, in May 2015, GE Healthcare collaborated with OneMedNet Corporation to expand medical image sharing solutions such as web-based sharing

Grand View Research has segmented the global ultrasound image analysis software market on the basis of software type, product, application, and region:

Type Outlook (Revenue, USD Million, 2014 - 2025)

• Integrated Software

• Standalone Software

Product Outlook (Revenue, USD Million, 2014 - 2025)

• 2D ultrasound systems

• 3D&4D ultrasound systems

• Doppler imaging

Application Outlook (Revenue, USD Million, 2014 - 2025)

• Orthopedic

• Dental

• Cardiology

• Oncology

• Obstetrics & Gynecology

• Nephrology & Urology

• Radiology

• Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America

  • The U.S.

  • Canada

• Europe

  • The U.K.

  • Germany

• Asia Pacific

  • Japan

  • China

  • India

• Latin America

  • Mexico

  • Brazil

• MEA
  • South Africa