The global ultrasound image analysis software market size accounted for USD 537.3 Million in 2015 and is expected to grow at a CAGR of 8.9% over the forecast period. Increasing usage of ultrasound imaging to facilitate the rapid diagnosis of chronic diseases is presumed to heighten the uptake of these products.
In addition, technological advancements that include computer-aided diagnosis (CAD) predicted to provide high growth potential opportunities for advanced image analysis in a wide range of disease application areas including cardiology, obstetrics & gynecology, and other prominent applications.
U.S. ultrasound image analysis software market, by product, 2014 - 2025 (USD Million)
Technological innovations and periodic updates in these analytical tools are anticipated to drive preference by surgeons & radiologists, therefore impelling the overall ultrasound image analysis software market growth. These advancements also include the adoption of microarrays, predictive models, and various API algorithms.
Furthermore, the presence of government organizations consistently striving to promote advanced software and to recommend it as a standardized approach is presumed to propel the demand for this sector. Growing demand by healthcare professionals for new-generation, advanced image analyzing capabilities is expected to provide high potential growth platform to the market over the coming years.
Integrated software dominated this segment in 2015. The dominant share can be attributed to its extensive usage in a wide array of clinical applications. Integrated software is widely used in radiology applications to improve workflow and overall efficiency. For instance, GE Healthcare’s product ViewPoint 6 for Direct Connect helps physicians reduce dictation by auto-populating ultrasound measurements and facilitates connection with Hospital Information System (HIS), Picture Archiving and Communication System (PACS), Radiology Information System (RIS), and Electronic Medical Record (EMR) systems.
These tools work like fully automatic systems assisting all technicians to gain better insights about a disease condition, which is presumed to be one of the key contributing factors toward segment growth. Integrated software for managing ultrasound imaging has gained popularity due to its flexibility and suitability for a wide range of applications. Moreover, new small-scale companies prefer this type as a result of its cost-benefit advantages and high applicability to an existing IT structure of any company.
3D & 4D imaging systems held the largest market share of the product segment in 2015. The widespread use of these systems can be attributed to the increasing use of diagnostic imaging, which is an imperative step for every surgical procedure, as well as the management of chronic diseases.
The heightening demand for the tools in 3D & 4D ultrasound systems is presumed to be a consequence of its associated benefits. They allow advanced processing on archives; provide innovative quantitative tools, and have the ability to view &measure structures in different spatial or temporal dimensions more efficiently in 3D&4D images. For instance, the IntelliSpace Portal 9.0 by Philips Healthcare that supports advanced 3D visualization for volumetric image manipulation, interpretation, and comparison.
Cardiology captured the largest share of the application segment in 2015 owing to the high preference and adoption of ultrasound image analysis software in cardiology applications. The increasing adoption is presumed to be a result of software able to detect blockage in arteries efficiently so that stents can be precisely placed at those sites, thereby, presenting the segment with high growth potential.
Global ultrasound image analysis software market, by application, 2015
In addition, new products specifically designed for cardiology applications are broadening the scope for further growth. For instance, the launch of QLAB Cardiac Analysis, by Philips Healthcare, which is ultrasound image quantification integrated with tracking technology and automated carotid intima media thickness measurement.
In 2015, North America held the dominant share of over 32.0% of the market. The supportive government initiatives, wide implementation of the Electronic Health Record (EHR), continual deployment of R&D investments, and the presence of prominent players headquartered in this region are the major drivers believed to be responsible for the market dominance.
Asia Pacific is anticipated to grow at the lucrative rate during the forecast period owing to increasing penetration of the highly advanced medical imaging systems and their compatible software in fast emerging economies such as India and China. Furthermore, high R&D investment by the global players and increasing outsourcing opportunities present across this region serve as high growth rendering market drivers across this region.
Some of the key market participants include GE Healthcare, Philips Healthcare, Siemens Healthineers, Agfa Healthcare, MIM Software, Inc., Esaote SpA, and Merge Healthcare Incorporated. The aforementioned companies are increasingly undertaking new product development activities, extensive collaborative strategies, as well as mergers & acquisitions leading to significant growth in this sector.
In September 2016, GE Healthcare entered a collaborative agreement with Trice Imaging, Inc., a cloud-based medical imaging solution provider. This agreement was carried out to expand cloud-based image sharing capabilities, remote reviewing, diagnostic collaboration, archiving, and EHR integration to GE Healthcare’s Ultrasound Women’s Health product portfolio as well as facilitate real-time image sharing amongst clinicians.
Base year for estimation
Actual estimates/Historical data
2014 - 2015
2016 - 2025
Revenue in USD Million and CAGR from 2016 to 2025
North America, Europe, Asia-Pacific, Latin America & MEA
U.S., Canada, U.K., Germany, Japan, China, Brazil, Mexico, South Africa
Revenue forecast, company share, competitive landscape, growth factors and trends
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This report forecasts revenue growth and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the ultrasound image analysis software market on the basis of software type, product, application, and region:
Software Type Outlook (Revenue, USD Million, 2014 - 2025)
Product Outlook (Revenue, USD Million, 2014 - 2025)
2D Ultrasound Systems
3D&4D Ultrasound Systems
Application Outlook (Revenue, USD Million, 2014 - 2025)
Obstetrics & Gynecology
Nephrology & Oncology
Regional Outlook (Revenue, USD Million, 2014 - 2025)
The Middle East and Africa
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