United States Medical Image Management Market Research Report to 2032
ID: MRFR/HC/12170-US | 100 Pages | Author: MRFR Research Team| December 2023
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ID: MRFR/HC/12170-US | 100 Pages | Author: MRFR Research Team| December 2023
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US Medical Image Management Market Highlighted Trends & Dynamics
In 2018, the picture archiving and communication system (PACS) segment dominated the market, holding an extensive share of 85.43%, equivalent to a market value of USD 795.42 million. This segment is anticipated to sustain a Compound Annual Growth Rate (CAGR) of 7.13% throughout the forecast period. Following closely, the vendor-neutral archive (VNA) segment secured the second-largest market share in 2018, amounting to USD 59.50 million, and is projected to demonstrate a CAGR of 7.33%. Notably, the application-independent clinical archives segment is poised to exhibit the highest CAGR, reaching 7.53%.Examining the PACS landscape further, the departmental PACS segment claimed a significant market share of 67.65% in 2018, translating to a market value of USD 538.12 million. This segment is forecasted to maintain a robust CAGR of 6.76% during the forecast period. In comparison, the enterprise PACS segment, valued at USD 257.31 million in 2018, is projected to register a higher CAGR of 7.88%.
In the realm of medical imaging applications, the radiology segment led the market with a substantial share of 49.47% in 2018, amounting to a market value of USD 266.20 million. This segment is expected to continue its growth trajectory with a CAGR of 6.88% during the forecast period. Meanwhile, the cardiology segment, the second-largest market in 2018 with a value of USD 119.99 million, is anticipated to exhibit the highest CAGR at 6.97%.
Analyzing the end-user perspective, the hospitals segment emerged as the dominant force, capturing the largest market share of 45.63% in 2018, equivalent to a market value of USD 424.83 million. This segment is predicted to maintain a steady growth with a CAGR of 7.01% throughout the forecast period. In contrast, the diagnostic imaging centers segment, valued at USD 318.15 million in 2018, is expected to experience the highest CAGR of 7.39%.
These insights reflect a nuanced understanding of the dynamic market landscape for medical image management systems. The prevalence of PACS, particularly departmental PACS, in conjunction with the increasing demand for enterprise PACS, underscores the evolving needs of healthcare facilities. The dominance of radiology applications and the growing importance of cardiology further emphasize the diverse applications of medical image management systems. Additionally, the pivotal role played by hospitals, coupled with the anticipated growth in diagnostic imaging centers, signifies the widespread adoption of these systems across various healthcare settings. As the market continues to evolve, these trends highlight the diverse opportunities and challenges shaping the future of medical image management.
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