Asia-Pacific Medical Image Management Market to be Worth $2.07 Billion by 2030
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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