Medical Image Analysis Software Market worth $2.4 Billion by 2017

Medical image analysis involves processing, analysis and visualization of medical images. Medical imaging is nothing but a technique to create bio-medical images of human body parts for clinical purposes to reveal, diagnose and examine the disease or for the research purposes. Medical image analysis software enables quantitative analysis and visualization of medical images which can be of different modalities like PET, MRI, CT, or microscopy. Medical image analysis software plays an important role as a user-interface and analysis tool for researchers at remote sites. Medical image analysis software enhances the ability to research, diagnose, monitor, and treat medical disorders. The software helps to develop computational algorithms to analyze & quantify bio-medical data. It gives the collaborators the ability the data to support the advancement in biomedical knowledge.

                                         Source: http://www.goomedic.com/

According to new market research report by MarketsandMarkets, the global medical image analysis software market is expected to grow at a CAGR of 7.2% from 2012 to 2017. The growth is mainly because of the standalone software market which is accelerating at a faster pace as compared to the integrated software market which is moving at a stable rate. Due to IT revolution in healthcare, the market has witnessed a boosted up growth but it is still dominated by OEMs. The major source of revenue is supplying services and programs to the OEM. The report covers definition, description and forecast of the global medical image analysis software market. It describes the market in terms of integrated and standalone software, by image type, by modalities, by indications and by end-users.

Since imaging has become a very essential part in bio-medical research and clinical practice the market is expected to grow at a much faster rate. Various fields in bio-medical exploit the concept of imaging like biologists study cells and generate 3D con-focal microscopy data sets, radiologists identify and quantify tumors from MRI and CT scans, virologists generate 3D reconstructions of viruses from micrographs, and neuroscientists detect regional metabolic brain activity from PET and functional MRI scans. The medical image analysis software helps in analysis of these diverse images as a computerized sophisticated quantification and visualization tool. It is a platform independent, general purpose, n-dimensional image processing and quantification tool.

Medical image analysis software is just a small fraction of the healthcare market, growing at a slightly higher rate as compared to equipment market. The major players in the medical image analysis software market include GE Healthcare (U.K.), Siemens (Germany), Toshiba Medical systems (Japan), Agfa healthcare (Belgium), Philips (The Netherlands), etc. The smaller players are Claron Technologies (Canada), Care stream Health, Inc. (U.S.), Medviso AB (Sweden), Merge Healthcare (U.S.), etc.

The report can be referred here:
http://www.prweb.com/releases/medical-image-analysis/software-market/prweb10194072.htm