Medical Imaging Analysis Software (Global Market)

2024: Global Medical Imaging Software Market Size Reaches $3.05 Billion for the Year

In 2024, costs in the global medical imaging and image analysis software market reached $3.05 billion. This is about 10% more compared to 2023, when expenses were estimated at $2.77 billion. Industry trends are addressed in the Market Research Future survey published in late February 2025.

One of the main drivers of the market in question, the authors of the study name technological advances. Next-generation equipment, including advanced magnetic resonance imaging MRI (), (), computed tomography CT and ultrasound imaging systems, enable healthcare professionals to obtain more detailed and accurate images, resulting in improved diagnosis and treatment planning. At the same time, there is an increasing need for specialized software solutions that allow you to analyze and interpret high-resolution images.

The integration of artificial intelligence and machine learning has a significant impact on the market. Such tools increase the speed and efficiency of processing huge amounts of visual information, helping to detect anomalies. As a result, experts are able to make informed decisions more quickly. Software solutions with AI technologies help automate many resource-intensive processes. In addition, AI allows prognostic analytics and the formation of personalized treatment regimens for patients.

The need for medical imaging software is also growing due to the prevalence of chronic diseases and the aging population. The demand for diagnostic procedures is increasing, which, in turn, leads to the need to implement more efficient data processing software. As a result, health care providers are investing heavily in advanced imaging software solutions that can assist in early detection and continuous monitoring of a variety of diseases. The development of cloud imaging platforms is also observed: such a model allows even small medical institutions with a tight budget to access modern image processing tools.

In terms of software application, the authors of the study distinguish five main segments: radiology, cardiology, oncology, neurology and orthopedics. In 2024, revenue from the first of these areas amounted to $919 million. Costs in the field of cardiology and oncology are estimated at $663 million and $550 million, respectively. In the field of neurology, revenue was recorded in the amount of $467 million, orthopedics - $452 million. Significant players in the global market are named:

• Quality Assurance Solutions;
• Radiology Partners;
• Mirada Medical;
• IBM Watson Health;
• Siemens Healthineers;
• Fujifilm Holdings;
• Lunit;
• Sectra;
• Arterys;
• GE Healthcare;
• Philips Healthcare;
• Agfa Healthcare;
• Canon Medical Systems;
• Zebra Medical Vision;
• Medtronic.

The leader geographically in 2024 was North America, which accounted for $1.25 billion. Europe is in second place with $0.85 billion, and the Asia-Pacific region closes the top three with $0.7 billion. South America brought in $0.15 billion, the Middle East and Africa - about $0.1 billion.

Market Research Future analysts believe that in the future, the CAGR in the market under consideration will be 9.9%. As a result, by 2035, costs on a global scale could increase to $8.6 billion.^[1]

2017: Market size of $2.61 billion

According to analysts at MarketsandMarkets, in 2017, the global market for software designed to analyze medical images reached $2.61 billion. The data for 2016 were not presented in the report, but in 2015 sales of such software were measured at $2.15 billion. 

Experts predict that in the period from 2017 to 2022, the market in question will grow by about 8.2% per year and will amount to $3.88 billion by the end of this period of time. The rise will be possible due to the development of technologies in the field of medical imaging systems and the analysis of relevant images, growing public and private investments in the medical imaging market, an increase in the use of MRI and CT equipment in connection with the spread of chronic diseases, as well as the emergence of more applications in the field of computer diagnostics. 

Diagrams showing (from left to right) groups of the largest software manufacturers for analyzing medical images, suppliers of such software, their consumers and regions

The most popular type of programs for the analysis of medical images in 2017 were integrated solutions. Their popularity is due to ease of use, fast data processing and guaranteed compatibility with medical equipment. 

However, the greatest growth rate is expected to be demonstrated by another segment - the so-called standalone solutions, the advantages of which are considered high flexibility and the presence of simple and understandable tools for checking, evaluating and processing data. 

Hospitals are leading in terms of the speed of implementation of software for analyzing medical records. In diagnostic and research centers, the dynamics are lower. 

According to MarketsandMarkets, the leaders in the development of software for analyzing medical surveys in 2017 were the following companies (listed in alphabetical order): 

• Agfa Radiology Solutions (ранее Agfa HealthCare); 
• AQUILAB; 
• Carestream Health; 
• Esaote; 
• GE Healthcare; 
• Image Analysis; 
• INFINITT Healthcare; 
• Merge Healthcare; 
• MIM Software; 
• Mirada Medical; 
• Philips Healthcare; 
• ScienceSoft; 
• Siemens Healthineers; 
• Canon Medical Systems; 
• Xinapse Systems.^[2]

2015: Up to $2.15 billion

In April 2016, the analytics company MarketsandMarkets published the results of a survey of the global medical image analysis software market. Its volume, as experts predict, will grow by almost half by 2020.

According to MarketsandMarkets estimates, in 2015, sales of software used to analyze medical images and adapted to the diagnosis of various diseases amounted to $2.15 billion. Experts called North America the largest market for this software, Europe the second largest.

Medical Image Analysis Software Market Exceeded $2 Billion in 2015

Analysts associated the leadership of the North American region with an increase in the number of older people, technological advances state and support. However, after 2015, the Asian market of the software under consideration will demonstrate high growth rates due to an increase in the number of government initiatives in the field of infrastructure modernization, health care an increase in the number of new advanced medical systems and an improvement in research work in this direction, the report says.

Among the main factors contributing to the growth of the medical image analysis software market, MarketsandMarkets includes the following: increased public and private investment in this sector, high growth rates of population aging and chronic diseases, increased use of imaging equipment, integration of technologies for working with clinical images, as well as the emergence of new applications for disease detection systems using computer data processing.

At the same time, the development of the software market for analyzing medical images is hampered by financial problems, a lack of highly qualified specialists and growing risks of hacking equipment and software in healthcare institutions. The largest segment of the market analysts call integrated software.

According to MarketsandMarkets forecasts, in the period from 2015 to 2020, the global market for software solutions for the analysis of medical images will grow on average by 7.9% per year and will reach $3.14 billion by the end of this time period.^[3]

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