Asia-Pacific Medical Image Management Market to be Worth $2.07 Billion by 2030
Author : ankita barure | Published On : 23 Jan 2024
Meticulous Research®—a leading global market research company, published a research report titled, ‘Asia-Pacific Medical Image Management Market by Product [PACS (Departmental, Enterprise) Delivery (On-Premise, Cloud-based) VNA (Delivery, Procurement, Vendor) AICA (Vendor), Universal Viewer] End User (Hospitals, Diagnostic Imaging Centers)— Forecast to 2030.’
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According to this latest publication from Meticulous Research®, the Asia-Pacific medical image management market is projected to reach $2.07 billion by 2030, at a CAGR of 10% during the forecast period. The growth of the Asia-Pacific medical image management market is mainly attributed to the increasing demand for medical image management devices, technical advancements in medical imaging technology, rising healthcare expenditure, and the increasing geriatric population. In addition, the considerable growth in emerging APAC economies and the rising adoption of hybrid & cloud-based medical imaging solutions are expected to offer better growth opportunities for market expansion. However, the decreasing demand for vendor-neutral archive solutions due to the long product lifecycle and high cost of medical imaging equipment are expected to restrain the growth of this market to some extent.
Key Players
The key players profiled in the Asia-Pacific medical image management market are Novarad Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), INFINITT Healthcare Co., Ltd. (South Korea), Siemens Healthineers AG (Germany), Hyland Software, Inc. (U.S.), Agfa-Gevaert NV (Belgium), GE Healthcare Technologies, Inc. (U.S.), Mach7 Technologies (U.S.), BridgeHead Software Ltd. (U.K.), FUJIFILM Holdings Corporation (Japan), Sectra AB (Sweden), Change Healthcare Inc. (U.S.), and Merative (U.S.).
Among all the product types studied in the report, in 2023, the Picture Archive Communication System (PACS) segment is expected to account for the largest share of the Asia-Pacific medical image management market. The large market share of this segment is attributed to the increasing need for PACS in various departments, which in turn leads to the implementation of PACS. These departments include radiology, mammography, cardiology, dentistry, neurology, and pathology.
Among all the end users studied in the report, in 2023, the hospitals segment is expected to account for the largest share of the Asia-Pacific medical image management market. Factors contributing to the large market share of this segment include the expansion of hospitals and the increased number of partnerships between vendors and hospitals for the implantation of medical image management solutions.
Among all the countries studied in the report, in 2023, China is expected to account for the largest share of the Asia-Pacific medical image management market. Factors such as high adoption of new imaging technologies, improving healthcare infrastructure, and rising focus on healthcare digitalization contribute to the large share of this market. Compared to other Asian countries, China leads in digital healthcare. Over 90% of the country’s health professionals have adopted digital health tools, including EHRs and telehealth, and the Government of China plays a major role in it.
Key questions answered in the report:
- What are the high-growth market segments regarding product, end user, and country?
- What was the historical market for medical image management solutions in Asia-Pacific?
- What are the market forecasts and estimates for 2023–2030?
- What are the major drivers, restraints, challenges, and opportunities in the Asia-Pacific medical image management market?
- Who are the major players in the Asia-Pacific medical image management market?
- How is the competitive landscape, and who are the market leaders in the Asia-Pacific medical image management market?
- What are the recent developments in the Asia-Pacific medical image management market?
- What strategies are adopted by the major players in the Asia-Pacific medical image management market?
- What are the geographical trends and high growth countries?
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