Medical Imaging Informatics Market Report 2024 (Global Edition)

Global Medical Imaging Informatics Market Report 2024 Market Size Split by Application (Mammography, CT, MRI, Combined Modality, Ultrasound, Radiographic, Nuclear Imaging), by Component (Software, Har...

Medical Imaging Informatics Market Report Description

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Medical Imaging Informatics Market Insights Video

Competitive Landscape of the Medical Imaging Informatics Market

In the medical imaging informatics market's competitive landscape, numerous key competitors are driving innovation and growth. Key players in the medical imaging informatics market adopt strategies like product innovation, focusing on cutting-edge technologies, and strategic partnerships with medical device companies. Mergers and acquisitions expand their product portfolios, while geographic expansion taps into emerging markets.

In March 2023, Royal Philips announced that it had signed an agreement to acquire Carestream Health Inc.'s healthcare information systems business. Carestream Health Inc. is a US-based provider of medical imaging and healthcare IT solutions for hospitals, imaging centers, and specialty medical clinics. (Source: https://www.philips.com/a-w/about/news/archive/standard/news/press/2019/20190307-philips-to-expand-its-radiology-informatics-portfolio-with-the-acquisition-of-the-healthcare-information-systems-business-of-carestream-health.html)

Top Companies Market Share in Medical Imaging Informatics Industry: (In no particular order of Rank)

• Koninklijke Philips N.V.
• lexmark international
• inc.
• Esaote SPA
• Medtronic
• Inc.
• Agfa Gevaert N.V.
• McKesson Corporation
• Toshiba Corporation
• General Electric Company
• Dell Technologies Inc.
• Siemens AG
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Medical Imaging Informatics Market

Which Region Dominates the Medical Imaging Informatics Market in 2024?

According to Cognitive Market Research, North America currently dominates the medical imaging informatics market, and the region is expected to have significant growth during the projected period. This is due to the region's technological advancements, increasing adoption of digital health solutions, and the growing demand for accurate diagnostics. The rising prevalence of chronic diseases and the need for efficient management of medical imaging data also fuel market growth. Government initiatives supporting healthcare digitization further contribute to the expansion of this market.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Increasing healthcare digitization, rising demand for advanced diagnostic tools, and the adoption of AI and cloud-based technologies. Government initiatives to improve healthcare infrastructure, coupled with the growing prevalence of chronic diseases, are also boosting market growth as hospitals seek efficient solutions for managing and analyzing imaging data.

The current report Scope analyzes Medical Imaging Informatics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Medical Imaging Informatics Market

According to Cognitive Market Research, the global medical imaging informatics market size was estimated at USD 2961.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1184.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the medical imaging informatics market with a market size of USD 934.55 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. The US market's technological advancement and innovation in medical imaging.
• The Canada medical imaging informatics market had a market share of USD 142.14 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Canada’s rising awareness among the population.
• The Mexico medical imaging informatics market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 107.79 million in 2024.

Europe Medical Imaging Informatics Market

According to Cognitive Market Research, the global medical imaging informatics market size was estimated at USD 2961.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 888.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.

• The United Kingdom medical imaging informatics market had a market share of USD 149.24 million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. In the UK, medical imaging informatics sales witness an upswing due to the high usage rates of implantable medical devices.
• The France medical imaging informatics market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 81.73 million in 2024.
• According to Cognitive Market Research, the German medical imaging informatics market size was valued at USD 175.90 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In Germany, medical imaging informatics surged due to the increased focus on the major market players.
• The Italy medical imaging informatics market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 76.40 million in 2024.
• The Russia medical imaging informatics market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 137.70 million in 2024.
• The Spain medical imaging informatics market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 72.85 million in 2024
• The Luxembourg medical imaging informatics market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 27.54 million in 2024.
• The Portugal medical imaging informatics market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 18.66 million in 2024.
• The Greece medical imaging informatics market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 10.66 million in 2024.
• The Rest of Europe's medical imaging informatics market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 137.70 million in 2024.

Asia Pacific Medical Imaging Informatics Market

According to Cognitive Market Research, the global medical imaging informatics market size was estimated at USD 2961.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 681.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.

• According to Cognitive Market Research, the China medical imaging informatics market size was valued at USD 306.48 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Medical imaging informatics surged in China due to the increased focus of the major market players.
• The Japan medical imaging informatics market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 93.99 million in 2024.
• The India medical imaging informatics market had a market share of USD 81.73 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. India's rising awareness among the population.
• The South Korean medical imaging informatics market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 68.11 million in 2024.
• The Australian medical imaging informatics market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 35.42 million in 2024.
• The South East Asia medical imaging informatics market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 46.99 million in 2024.
• The Rest of Asia Pacific medical imaging informatics market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 48.36 million in 2024.

South America Medical Imaging Informatics Market

According to Cognitive Market Research, the global medical imaging informatics market size was estimated at USD 2961.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 148.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil medical imaging informatics market size was valued at USD 63.37 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Medical imaging informatics flourished in Brazil due to rising demand for minimally invasive medical procedures.
• Argentina's medical imaging informatics market had a market share of USD 24.87 million in 2024 and is projected to grow at a CAGR of 7.1% during the forecast period. Argentina's rising personal disposable income.
• Colombia medical imaging informatics market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 13.18 million in 2024.
• Peru medical imaging informatics market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 12.14 million in 2024.
• Chile medical imaging informatics market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 10.66 million in 2024.
• The Rest of Latin America's medical imaging informatics market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 23.84 million in 2024.

Middle East and Africa Medical Imaging Informatics Market

According to Cognitive Market Research, the global medical imaging informatics market size was estimated at USD 2961.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 59.22 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The GCC Countries' medical imaging informatics market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 25.35 million in 2024. Medical imaging informatics sales flourish due to the presence of major market players.
• The Egypt medical imaging informatics market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 6.22 million in 2024.
• The South Africa medical imaging informatics market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 9.36 million in 2024. Medical imaging informatics sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey medical imaging informatics market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 5.09 million in 2024.
• The Nigeria medical imaging informatics market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 6.22 million in 2024.
• The Rest of the MEA medical imaging informatics market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 6.99 million in 2024.

Medical Imaging Informatics Market Analysis

Medical Imaging Informatics Market Component Segment Analysis

According to Cognitive Market Research, the hardware segment holds the largest share of the market due to increasing demand for faster diagnostics, growing adoption of AI, and rising healthcare digitization. Enhanced imaging capabilities and integration of cloud technologies further fuel market growth.

In the medical imaging informatics market, software has been expanding at a rapid pace due to the rising adoption of advanced imaging software to enhance diagnostic accuracy, streamline workflows, and manage large volumes of medical data. Increasing healthcare digitization, demand for AI-powered tools, and the growing prevalence of chronic diseases further fuel the demand for medical imaging software solutions.

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Medical Imaging Informatics Market Application Segment Analysis

According to Cognitive Market Research, the ultrasound segment holds the largest share of the market due to advancements in imaging technology, growing demand for early disease detection, and the rise in chronic conditions. Integration of AI for image analysis, cloud-based storage solutions, and increasing healthcare digitization further fuel market growth, improving diagnostic accuracy and efficiency.

In the medical imaging informatics market, CT has been expanding at a rapid pace due to increasing demand for accurate diagnostics, integration of AI for image analysis, and the rising prevalence of chronic diseases. Improved workflow efficiency and cloud-based storage solutions also fuel market expansion.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Medical Imaging Informatics Deployment Segment Analysis

Medical Imaging Informatics Market Deployment Segment Analysis

According to Cognitive Market Research, the standalone segment holds the largest share of the market due to advancements in imaging technologies, increasing healthcare digitization, and the growing demand for efficient data management solutions.

In the medical imaging informatics market, the integrated have been expanding at a rapid pace due to the growing need for centralized data management systems, enhanced diagnostic accuracy, and streamlined workflows. Rising adoption of AI-based tools, increasing healthcare digitization, and demand for seamless integration with electronic health records (EHRs) further boost market growth.

• Standalone
• Integrated

Medical Imaging Informatics End User Segment Analysis

Medical Imaging Informatics Market End User Segment Analysis

According to Cognitive Market Research, the hospitals segment holds the largest share of the market due to increasing demand for advanced diagnostic tools, integration of AI for faster image analysis, rising healthcare digitization, and the growing need to manage large volumes of medical imaging data efficiently.

In the medical imaging informatics market, specialized clinics have been expanding at a rapid pace due to increasing demand for specialized clinics' advanced diagnostic capabilities. Enhanced data management, streamlined workflows, and integration of AI-driven solutions in imaging systems boost efficiency and accuracy, addressing the growing need for precision medicine.

• Hospitals
• Specialized Clinics
• Others

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

Author's Conclusion