Dublin, June 16, 2020 (GLOBE NEWSWIRE) — The “Medical Image Analysis Software Market Size, Share & Trends Analysis Report by Software Type, by Modality (Radiographic, Ultrasound), by Imaging Type, by End Use, by Application and Segment Forecasts, 2020 – 2027” report has been added to ResearchAndMarkets.com’s offering.
The global medical image analysis software market size is expected to reach USD 4.5 billion, expanding at a CAGR of 8.15% from 2020 to 2027. Increasing incidence of chronic diseases creates demand for effective diagnostics solutions, which spurs demand for medical image analysis software. The high growth is majorly attributed to an increase in usage and uptake of image analysis solutions for diagnosis.
In addition, a shifting focus to provide enhanced care has led to the incorporation of various computer aided diagnosis systems, which is further contributing to the market growth. Introduction of technologically advanced products such as 3D/4D platforms and multimodality imaging platforms is also forecast to increase the demand for the software in the forthcoming years.
Various benefits such as flexibility and high-resolution images, along with convenient use of multi-modal integrated workflows, are expected to bolster demand and increase product penetration throughout the forecast period. Stand-alone platforms are