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Key Emerging Trends in the Medical Image Management Market
The rise in chronic diseases, like diabetes and cancer, can be detected early using medical imaging technology. These diseases can seriously affect a person's life if not found and treated early. In 2017, the Government of Canada reported that 2.3 million people aged 12 and older were diagnosed with diabetes.
A press release by Chiron Health in June 2016 stated that around 117 million people in the Americas were affected by chronic diseases such as heart disease, stroke, cancer, depression, type 2 diabetes, obesity, and arthritis. It's predicted that by 2025, about 164 million Americans will be dealing with chronic diseases. In 2016, the National Cancer Institute reported 1,685,210 new cases of cancer in the US.
Medical image management technology helps with collecting and sharing data about laboratory results and meeting the increasing demand for healthcare services for diagnosing diseases like cancer and diabetes in North America. This is expected to contribute to the growth of the market in the coming years due to the growing number of people with these diseases.
Spending on healthcare IT has increased a lot recently. This includes services for diagnosing diseases, and it's a crucial part of the healthcare IT sector. Companies like Siemens Healthcare, Carestream Healthcare, and GE Healthcare are investing more in improving healthcare IT. This suggests a good opportunity for the growth of medical image management systems. The use of cloud technology in these systems makes it easy to store and share a large amount of data.
Moreover, there's a trend of mergers and acquisitions between IT and healthcare companies, which is speeding up market growth. For example, in 2017, Koninklijke Philips N.V., a big player in the medical devices market, acquired Analytical Informatics, Inc., expanding its portfolio of medical imaging solutions. Developed economies like the US, Europe, and Japan are also adopting cloud technology in medical imaging systems because the software segment in the healthcare IT sector is growing. This shows a positive outlook for the future of medical image management systems.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | The market is anticipated to experience profitable growth due to the rising chronic diseases. |
| Market Dynamics | Increase in prevalence of the chronic diseases and technological advancements in the diagnostic fields. |
Medical Image Management Market Highlights:
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