Market Forecast on Medical Image Analysis Software

Healtcareresearch16 Nov, 2021Health

The research analysts at the Transparency Market Research have placed the evaluation of the global medical image analysis software market at US$ 2.91 billion in the year 2018. They predict that the global medical image analysis software market will grow and reach the evaluation of US$ 5.87 billion at the end of the forecast period of 2019 to 2027 i.e. 2027. They also project that the global medical image analysis software market will witness a stellar CAGR i.e. 8.1% during the forecast period i.e. 2019 to 2027. Some of the key factors motivating the sales in the global medical image analysis software market include rising incidence of chronic diseases, increasing geriatric population, increase in the demand for medical imaging, and rise in the adoption of 4D imaging technologies. On the other hand, high cost associated with gaining access to medical imaging solutions may pose as a challenge for various social groups. This may hinder the growth of the global medical image analysis softw