What is the Historical Analysis of the Medical Imaging Displays And Post Processing Software Market Size?
The medical imaging displays and post processing software market has seen considerable growth due to a variety of factors.
• In recent years, there has been a substantial enlargement in the market size of the medical imaging displays and post-processing software sector. Anticipated to rise from $5.66 billion in 2024 to $6.46 billion in 2025, it will experience a compound annual growth rate (CAGR) of 14.1%. This escalation in the historical period is attributed to factors such as an increase in chronic disease incidence, a surge in diagnostic imaging procedures, a heightened focus on patient-oriented care, the demand for precision medicine, the growing elderly population, and the digital transformation in healthcare.
What is the Forecasted Market Size and CAGR for the Medical Imaging Displays And Post Processing Software Market Size Evolve over the Forecast Period?
The Medical Imaging Displays And Post Processing Software market is expected to maintain its strong growth trajectory in upcoming years.
• The market for medical imaging displays and post-processing software is predicted to experience significant growth in the upcoming years. The market value is anticipated to climb to $11.51 billion in 2029, with a compound annual growth rate (CAGR) of 15.5%.
Factors contributing to this projected growth during the forecast period include an emphasis on precision in diagnosis, improved user interfaces, workflow efficiency, global health crises, personalised medical treatment strategies, and integration with healthcare information systems. The forecast period also expects to see trends like advancements in display technology, a shift towards high-resolution 3D imaging, incorporation of artificial intelligence, mobility in medical imaging displays, remote viewing, teleradiology, colour calibration for consistency, and compatibility across various platforms.
What Key Factors and Trends Are Driving The Growth Medical Imaging Displays And Post Processing Software Market?
The medical imaging displays and post-processing software market is anticipated to experience growth due to the escalating digitization of medical imaging. This process of digitization converts analogue signals or information of any type into a digital layout that computer systems or other electronic gadgets can comprehend. By utilizing medical imaging displays and post-processing software, a wealth of data can be converted into valuable insights, leading to more precise diagnoses, personalized treatment plans, and improved patient satisfaction. For example, reported data from the United Kingdom National Health Service, a UK government agency, indicates that 43.8 million imaging tests were recorded in England in the year spanning June 2021 to May 2022. Of these, 3.65 million imaging tests were reported as having been conducted in May 2022. Hence, the substantial utilization of medical imaging digitization is boosting the growth of the medical imaging displays and post-processing software market.
What Are The Market Segments In The Medical Imaging Displays And Post Processing Software Market?
The medical imaging displays and post processing software market covered in this report is segmented –
1) By Type: Medical Imaging Displays, Post-Processing Software
2) By Technology: X-ray, Computed Tomography (CT), Ultrasound, Magnetic Resonance Imaging (MRI), Single-Photon Emission Computed Tomography (SPECT), Positron Emission Tomography (PET)
3) By Image: 2D, 3D, 4D
4) By Application: Medical, Commercial, Academic
Subsegments:
1) By Medical Imaging Displays: LCD Displays, LED Displays, OLED Displays, Monochrome Displays, Color Displays, Multi-Head Displays
2) By Post-Processing Software: 2D Image Processing Software, 3D Image Reconstruction Software, Image Analysis Software, Visualization Software, Workflow Management Software, AI-Enhanced Post-Processing Software
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What Trends Are Shaping The Medical Imaging Displays And Post Processing Software Market?
Leading firms in the medical imaging displays and post-processing software market are honing their focus on the creation of superior diagnostic monitors. These monitors aim to upgrade image clarity, precision, and overall diagnostic capabilities. Diagnostic monitors are distinctive display equipment utilized in medical environments for precise visualization and understanding of medical images. For example, LG Electronics - a company based in South Korea - debuted a 31.5-inch IPS Black diagnostic monitor (model 32HQ713D) in May 2023. This device, boasting a remarkable 8MP resolution and a 1000 cd/m² brightness level, is tailored explicitly for medical imaging purposes, offering improved clarity and detail vital for diagnosis.
Who Are the Key Players In The Medical Imaging Displays And Post Processing Software Market?
Major companies operating in the medical imaging displays and post processing software market include:
• Carestream Health
• Esaote SpA
• General Electric Company
• Softneta
• mediCAD Hectec GmbH
• Siemens Medical Solutions USA Inc.
• Hitachi Ltd.
• Koninklijke Philips NV
• Shimadzu Corporation
• 3dMD
• Alma Medical Imaging
• Barco NV
• EDDA Technology Inc.
• Hologic Inc.
• MEDIAN Technologies
• Nemotec Medical Imaging Inc.
• Owandy Radiology
• Emedica Health Inc.
• Medecom Medical Systems Inc.
• Vieworks Co. Ltd.
• Planmed Oy
• Accuray Incorporated
• Agfa Healthcare NV
• Canon Medical Systems Corporation
• Fujifilm Holdings Corporation
• Merge Healthcare Inc.
• Sectra AB
• Toshiba Medical Systems Corporation
• Vital Images Inc.
• NEC Corporation
What Are The Regional Insights Into The Medical Imaging Displays And Post Processing Software Market?
North America was the largest region in the medical imaging displays and post processing software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical imaging displays and post processing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
