(Health-NewsWire.Net, October 09, 2017 ) According to the report, the Middle East and Africa Medical Image Analysis Software Market was worth USD 0.17 billion in 2016 and estimated to be growing at a CAGR of 7.11%, to reach USD 0.24 billion by 2021. Medical image analysis software facilitates the quantitative study and visualization of medical images of a range of modalities such as MRI, X-ray, CT, PET, ultrasound, and SPECT.
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This software assists in the growth of computational techniques and algorithms in order to measure medical data. With the progress of medical image analysis software, several medical procedures have grown a lot with regards to individualized treatment and effectual data management.
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The growth of the Middle East and Africa Medical Image Analysis Software Market is mainly driven by factors such as technological advancements, upsurge in frequency of cancer cases, increase in demand for imaging modalities, and favourable government schemes. The growing need for improved efficiency in medical procedures is another major factor driving the growth of the market. However, factors such as high cost of software data, hacking concerns, and data security issues are preventing the growth of the market in this region.
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Market Segmentation • Image Type o 2D Imaging o 3D Imaging o 4D Imaging o Y-o-Y Growth Analysis, By Image Type o Market Attractiveness Analysis, By Image Type o Market Share Analysis, By Image Type • Imaging Technology o X-Ray o Computed Tomography High-End Slice CT Mid-End Slice CT Low-End Slice CT o Positron Emission Tomography o Single Photon Emission Computed Tomography o Magnetic Resonance Imaging Open MRI Systems Closed MRI Systems o Ultrasound o Radiographic Imaging o Y-o-Y Growth Analysis, By Imaging Technology o Market Attractiveness Analysis, By Imaging Technology o Market Share Analysis, By Imaging Technology
• Application o Cardiovascular o Neurology o Dental o Urology o Orthopaedic o Oncology o Obstetrics and Gynaecology o Mammography o Y-o-Y Growth Analysis, By Application o Market Attractiveness Analysis, By Application o Market Share Analysis, By Application • End User o Hospitals o Research Centres o Diagnostic Centres o Y-o-Y Growth Analysis, By End User o Market Attractiveness Analysis, By End User o Market Share Analysis, By End User The market has been geographically segmented into Middle East and Africa. The private sector plays a key role in bankrolling the healthcare sector in Africa, with more than 50% of the investment being undertaken by them. The medical imaging market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy. However, countries like the USA, China and UK are investing in the region and this increased financial revenue will aid the healthcare sectors in this region.
This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the Medical Image Analysis Software market in this region are Agfa HealthCare, Medviso AB, Aquilab, Bruker Corporation, Carestream Health Inc., Esaote S.p.A, GE Healthcare, Spacelabs Healthcare, Merge Healthcare Inc., Xinapse Systems Ltd., MIM Software Inc., Philips Healthcare, Claron Technologies, Siemens Healthcare, and Toshiba Medical Systems Corporation.
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