PUBLISHER: SkyQuest | PRODUCT CODE: 1244249
PUBLISHER: SkyQuest | PRODUCT CODE: 1244249
Global Ultrasound Image Analysis Software Market was valued at USD 2.34 billion in 2021, and it is expected to reach a value of USD 6.74 billion by 2028, at a CAGR of more than 7.3% over the forecast period (2022-2028).
The market for ultrasound image analysis software is growing considerably as a result of increasing medical imaging solutions demand and advancements in ultrasound technology. Ultrasonic imaging is a non-invasive, secure, and economical imaging modality that is frequently employed in medical diagnostics. The analysis and interpretation of ultrasound images is performed utilizing software, providing clinicians valuable diagnostic information.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Ultrasound Image Analysis Software market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
Global ultrasound image analysis software market is segmented based on the software type, product, application and region. Based on the software type, the market is segmented into integrated software, standalone software. Based on product the market is segmented into 2D Ultrasound Systems, 3D & 4D Ultrasound Systems, Doppler Imaging. Based on the application, the market is segmented into orthopedic, dental, cardiology, oncology, obstetrics & gynecology, nephrology & urology, radiology, others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Driver
The growing prevalence of long-term cancer, cardiovascular disease, and kidney disease is driving the market for ultrasound image analysis software. The evaluation and therapy of these disorders often include the use of ultrasound imaging. The use of ultrasound imaging technology is also being motivated by a growing desire for minimally invasive operations. Traditional surgical procedures are more invasive than ultrasound-guided procedures, which leads to lengthier recovery times and more complications.
Restraint
The high cost of ultrasound software and equipment drives the market for ultrasound image analysis software. In addition, the dearth of experienced personnel to operate and interpret ultrasound scans can also be a restraint for the business. Also, the market for ultrasound image processing software may be constrained by the accessibility of substitute imaging modalities like MRI and CT scans.
Market Trends
The development of AI-based software is the ultrasound image analysis software market. AI can help automate the process of image analysis, providing faster and more accurate diagnosis. Use of cloud-based software programmes, which can allow for remote access to ultrasound pictures and inter professional, is another trend. The development of handheld ultrasound devices, which are portable and can be utilised in distant or underserved places where access to traditional imaging equipment is limited, is a final trend that is growing increasingly prominent.