Australia Medical Image Analysis Software Market Size & Outlook
- Healthcare IT
- Healthcare Information and Management Systems
- Medical Image Analysis Software Market Outlook
- Healthcare Information and Management Systems
Australia Medical Image Analysis Software Market, 2018-2030 (US$M)
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Australia medical image analysis software market highlights
- The Australia medical image analysis software market generated a revenue of USD 50.6 million in 2023 and is expected to reach USD 89.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, integrated was the largest revenue generating type in 2023.
- Stand Alone is the most lucrative type segment registering the fastest growth during the forecast period.
Medical image analysis software market data book summary
| Market revenue in 2023 | USD 50.6 million |
| Market revenue in 2030 | USD 89.8 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Integrated |
| Fastest growing segment | Stand Alone |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Integrated, Stand Alone |
| Key market players worldwide | Koninklijke Philips NV, Agfa-Gevaert NV, Canon Inc, GE HealthCare Technologies Inc Common Stock, Bruker Corp, Siemens Healthineers AG ADR, Esaote, Neusoft Medical Systems |
Other key industry trends
- In terms of revenue, Australia accounted for 1.5% of the medical image analysis software market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical image analysis software market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 223.9 million by 2030.
The Australia medical image analysis software market is expected to register lucrative growth during the forecast period. The market is driven by technological advancements, including upright MRI & portable ultrasound, and growing interest among researchers regarding AI medical imaging devices.
In addition, increasing government funding for medical imaging and increase in incidence of chronic diseases are factors anticipated to boost market growth. In August 2019, Sydney Neuroimaging Analysis Centre (SNAC) collaborated with I-MED to develop improved brain scan analysis using AI tools.
This was aimed at analyzing different brain lesions by isolating brain images. Thus, it analyzes results without altering the workflow. Hence, with increasing prevalence of chronic diseases, there is an increase in need for finding new ways to obtain improved outcomes, which is expected to increase access to care and minimize medical care costs.
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Publish Date: Aug 22, 2024
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Medical Image Analysis Software Market Scope
Medical Image Analysis Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE HealthCare Technologies Inc Common Stock | View profile | 51,000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | www.gehealthcare.com |
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| Siemens Healthineers AG ADR | View profile | 71,400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | www.siemens-healthineers.com |
| Canon Inc | View profile | 169,151 | 30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, Japan, 146-8501 | www.global.canon |
| Bruker Corp | View profile | 9,707 | 40 Manning Road, Billerica, MA, United States, 01821 | www.bruker.com |
| Agfa-Gevaert NV | View profile | 7,000 | Septestraat 27, Mortsel, Belgium, B-2640 | www.agfa.com |
| Esaote | View profile | - | - | - |
| Neusoft Medical Systems | View profile | 1001-5000 | Shenyang, Liaoning, China, Asia | medical.neusoft.com |
Australia Medical Image Analysis Software Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Medical Image Analysis Software Market Outlook will help companies and investors design strategic landscapes.
Integrated was the largest segment with a revenue share of 52.77% in 2023.
Horizon Databook has segmented the Australia medical image analysis software market based on integrated, stand alone covering the revenue growth of each sub-segment from 2018 to 2030.
The Australia medical image analysis software market is expected to register lucrative growth during the forecast period. The market is driven by technological advancements, including upright MRI & portable ultrasound, and growing interest among researchers regarding AI medical imaging devices.
In addition, increasing government funding for medical imaging and increase in incidence of chronic diseases are factors anticipated to boost market growth. In August 2019, Sydney Neuroimaging Analysis Centre (SNAC) collaborated with I-MED to develop improved brain scan analysis using AI tools.
This was aimed at analyzing different brain lesions by isolating brain images. Thus, it analyzes results without altering the workflow. Hence, with increasing prevalence of chronic diseases, there is an increase in need for finding new ways to obtain improved outcomes, which is expected to increase access to care and minimize medical care costs.
- Australia Medical Image Analysis Software Market Type Outlook (Revenue, USD Million , 2018-2030)
- Integrated
- Stand Alone
- Australia Medical Image Analysis Software Market Modality Outlook (Revenue, USD Million , 2018-2030)
- Tomography
- Ultrasound Imaging
- Radiographic Imaging
- Combined Modalities
- Australia Medical Image Analysis Software Market Imaging Type Outlook (Revenue, USD Million , 2018-2030)
- 2D Imaging
- 3D Imaging
- 4D Imaging
- Australia Medical Image Analysis Software Market Application Outlook (Revenue, USD Million , 2018-2030)
- Orthopedic
- Dental
- Neurology
- Cardiology
- Oncology
- Obstetrics & Gynecology
- Mammography
- Urology & Nephrology
- Australia Medical Image Analysis Software Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia Medical Image Analysis Software Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia Medical Image Analysis Software Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Australia Medical Image Analysis Software Market, 2018-2030 (US$M)
Australia medical image analysis software market statistics, by type, 2018-2030 (US$M)
