Medical Imaging Informatics Market to Record an Exponential CAGR by 2024

Market-Research

Medical imaging informatics (MII), a subspecialty of biomedical informatics, aims to provide accurate, useful, and efficient interpretations of complicated images into simpler, communicable, and in a useful manner within the health care IT sector for radiologists. Medical imaging informatics mainly comprises application, development, and assessment of information which are useful to treat patients effectively.

Medical imaging informatics has become a predominant tool in picture archiving and communication system (PACS) and radiology information system (RIS) to deal with the current workload. Nowadays, medical imaging informatics is used in cardiology, dermatology, pathology, and surgery which have adopted the use of digital images. Furthermore, medical imaging informatics tele consultation has several advantages such as online consultation among doctors over medical records and knowledge sharing.

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The medical imaging informatics market is segmented into application, end-user, and geography. On the basis of application, the medical imaging informatics market is further segmented into digital radiology, ultrasound, MRI, CT, nuclear imaging, and mammography. The digital radiology segment held a significant market share due to faster scanning, better image quality, and elimination of recurring cost associated with chemicals and films. However, the mammography segment is estimated to grow at a higher rate during the forecast period. Based on geography, the medical imaging informatics market is divided into North America, Europe, Asia Pacific, and rest of the world. North America and Europe acquired major share of the market and are expected to lead the medical imaging informatics market during the forecast period.

Major players operating in the medical imaging informatics market include Agfa-Gevaert N.V., Carestream Health Inc., Dell Inc., Esaote SpA, General Electric Company, Koninklijke Philips N.V., McKesson Corporation, Siemens AG, and Toshiba Corporation.

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