Kenneth Research recently added a report on ‘Medical Image Management Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Medical Image Management Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 2025. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
Medical Image management Market was valued at USD 4.19 Billion in 2016 and is projected to reach USD 7.14 Billion by 2025, growing at a CAGR of 6.1% from 2016 to 2025.
The medical image management system and method uses a central data management system to centrally manage the storage and transmission of electronic records containing medical images between remotely located facilities.
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Sample Infographics:
1. Market Drivers
1.1 Technological Advancements in Imaging solutions
1.2 Growth in Medical imaging sector
1.3 Government initiatives for Fund raising
1.4 Increasing usage of VNA
1.5 Benefits of Image management
1.6 Cost cutting in Healthcare expenses
2. Market Restraints
2.1 Longer product life cycle
2.2 High implementation costs
Market Segmentation:
Medical Image Management market is segmented on the basis of:
1. ByEnd user:
1.1 Hospitals
1.2 Diagnostic imaging centers
1.3 Others
2. By Product:
2.1 Picture Archiving and communication systems
2.1.1 PACS Market, By Procurement Model
2.1.1.1 Departmental PACS
2.1.1.2 enterprise PACS
2.2 Vendor Neutral Archives
2.2.1 VNA Market, By Delivery model
2.2.1.1 On-Premise VNA
2.2.1.2 Hybrid VNA
2.2.1.3 Fully Cloud-Based VNA
2.2.2 VNA Market, By Procurement Model
2.2.2.1 Departmental
2.2.2.2 Multi departmental
2.2.2.3 Multisite Enterprise
2.2.3 VNA Market, By Vendor Type
2.2.4 PACS Vendors
2.2.5 Independent Software Vendors
2.2.6 Infrastructure/Storage Vendors
2.3 Application-Independent Clinical Archive
2.3.1 Aica Market, By Vendor Type
2.3.1.1 VNA Vendors
2.3.1.2 Native Aica Vendors
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, Japan, India, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5Rest of the World
Competitive Landscape:
The major players in the market are as follows:
1. Mckesson Corporation
2. General Electric (GE) Company
3. Fujifilm Holdings Corporation
4. Merge Healthcare Incorporated (Acquired By IBM Corporation)
5. AGFA-Gevaert Group (AGFA)
6. Philips Healthcare (A Subsidiary of Royal Philips Electronics)
7. Siemens Healthcare (A Division of Siemens AG)
8. Carestream Health, Inc. (A Subsidiary of Onex Corporation)
9. Bridgehead Software
10. Novarad Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Medical Image Management Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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