Medical Image Management Growth, Segment Analysis and Demand Forecast to 2024

New York, United States, 2019-Aug-12 — /EPR Network/ —

Rapidly increasing big data in healthcare and rapid growth in geriatric imaging volumes are also fueling the growth of the global medical image management market. Geriatric population has weakened body functions, and are more susceptible to chronic diseases. As per the United Nations Department of Economic and Social Affairs (UN-DESA) report on the global aging population, the population of people aged 60 years or above is growing with high rate. The global percentage of people aged 60 or above in 2013 was 11.7% and it is expected to reach 21.1% by the end of 2050. Further, the number of people aged 60 years and above is expected to reach approximately 437 million in China, 324 million in India, 107 million in the U.S. and 58 million in Brazil by 2050.

The integration of PACS/VNA with electronic medical record, and increasing demand of cloud based solutions are expected to create opportunities for the players in the market. The immense unexplored market in developing economies are creating abundant opportunities for the medical image management market to grow at a significant rate in the coming years. However, longer product lifecycle of VNAs, budgetary constraints, and usability and user interface challenges are the key factors hampering the growth of the global market.

Medical image management is achieving medical images electronically with the assistance of image management systems. These systems gather, organize and control medical imaging data with various other patient information in healthcare systems. Application-independent clinical archives (AICA), PACS, VNA and are the key technologies used in image management systems.

Globally, the medical image management market is expected to witness the fastest growth in Asia-Pacific during the forecast period. The highest growth in the region is attributed to the increasing geriatric population, large pool of patients, and increasing prevalence of various diseases in the region.

The key players operating in the global medical image management market are McKesson Corporation, General Electric Company, Fujifilm Holdings Corporation, Siemens AG, IBM Corporation, Koninklijke Philips N.V. and AGFA-Gevaert Group.

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