Digitalization of medical imaging over conventional film-based imaging coupled with the boost in new emerging medical software is the major factor driving the medical imaging 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 displays & 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 in R&D by medical imaging device manufacturers are expected to positively affect the medical imaging global display and post-processing software market.
The medical imaging 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 software and 3D CAD softwares. The popularity of CAD software has encouraged vendors to focus on niche-specific applications which include 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 equipment. The invisible light medical imaging equipment requires other special equipment to operate. Whereas the visible light medical imaging equipment involves digital video or still pictures that can be seen without special equipment Owing to the independency with respect to special equipment, 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 a fast pace and expected to record high growth during the forecast period.
Some key medical imaging displays & post-processing software market players functioning as GE Healthcare, Shimadzu Corporation, Hitachi Medical Corporation, Toshiba America Medical Systems, Philips Healthcare, and Siemens Healthcare.
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With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.