The Ultrasound Imaging Software Market Size is valued at 1,032.87 Million in 2023 and is predicted to reach 2390.65 Million by the year 2031 at an 11.5 % CAGR during the forecast period for 2024-2031.
Ultrasound Imaging Software is crucial for the proper functioning of an ultrasound system. Increasing technological advancements have fuelled demand for advanced systems and imaging technologies which is expected to drive Ultrasound Imaging Software market growth over the forecast period. The rising prevalence of chronic diseases and increasing preference for early diagnosis are also factors that could majorly cause Ultrasound Imaging Software market growth through 2031. Augmented healthcare expenditure and spending are also anticipated to favor the adoption of Ultrasound Imaging Software. Ultrasound imaging software companies are expected to focus on developing economies where investments in the healthcare sector are increasing. India, China, and Japan are anticipated to be highly lucrative markets for Ultrasound Imaging Software providers through 2031.
The unprecedented emergence of the COVID-19 pandemic led to a substantially negative impact on the global Ultrasound Imaging Software market potential. Lockdown restrictions made it difficult for companies to run their business efficiently, resulting in losses. As the pandemic has subsided and conditions have been lifted, we expect a steady increase in demand for Ultrasound Imaging Software through 2031.
Market Segmentation:
The Ultrasound Imaging Software market is segmented on the basis of service type, Application and end-user. Based on service, the market is segmented as Integrated, Standalone, and Next Generation/AI-based Software. By Application, the market is segmented into radiology, OB/GYN, Urology, Cardiology, and Others (Orthopedic, etc.). By end-user, the market is segmented into hospitals, speciality clinics, and others (ASCs, Research Institutes, etc.)
Based On Service Type, The Next Generation/AI-Based Software Segment Is Projected To Exhibit A Fast Growth Outlook.
Rapid technological advancements are expected to boost the adoption of next-generation technologies in healthcare systems and hence will boost Next Generation/AI-based Software segment growth over the forecast period. The stand-alone software segment is expected to account for a major market share in the global Ultrasound Imaging Software landscape across the forecast period. The Next Generation/AI-based Software segment is anticipated to witness the fastest growth through 2031.
Hospitals Account For A Significant Market Shear
The hospital segment is anticipated to account for significant market share as well as revenue share owing to the increasing deployment of ultrasound imaging systems in these establishments. Increasing investments in healthcare infrastructure development are anticipated to boost their spending capacity and hence also favour the adoption of advanced technologies. The rising digitalization of hospitals is also expected to fuel growth in this segment through 2031.
The North America Ultrasound Imaging Software Market Holds A Dominant Outlook In The Region
Demand for Ultrasound Imaging Software is expected to have a bright outlook in the region of North America across the forecast period, and this is expected to attract all major Ultrasound Imaging Software market players to this region. The fast adoption of novel technologies is a major factor that is expected to boost the adoption of Ultrasound Imaging Software in this region throughout the forecast period. Rising digitization increasing healthcare spending, the prevalence of chronic diseases, and an increasing geriatric population are prominent factors that influence the Ultrasound Imaging Software market growth over the forecast period through 2031. The United States is anticipated to lead sales of Ultrasound Imaging Software in this region and will be followed by Canada throughout the forecast period. Rising demand for early diagnostics is also expected to favor Ultrasound Imaging Software market growth through 2031.
Competitive Landscape
Some Major Key Players In The Ultrasound Imaging Software Market:
- AmCad BioMed,
- Amolab,
- ContextVision,
- Caption Health, Inc.,
- DiA Imaging Analysis Ltd.,
- Koios Medical, Inc,
- eZono,
- GE Healthcare,
- iNNOGING Medical Limited,
- Medecom,
- Philips Healthcare,
- PS-Medtech,
- Siemens Healthineers,
- MIM Software, Inc.,
- Esaote SpA
Ultrasound Imaging Software Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 1,032.87 Million |
|
Revenue Forecast In 2031 |
USD 2390.65 Million |
|
Growth Rate CAGR |
CAGR of 11.5 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Service Type, By Application, By End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
AmCad BioMed, Amolab, ContextVision, Caption Health, Inc., DiA Imaging Analysis Ltd., Koios Medical, Inc, eZono, GE Healthcare, iNNOGING Medical Limited, Medecom, Philips Healthcare, PS-Medtech, Siemens Healthineers, MIM Software, Inc., and Esaote SpA |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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