The global market for 3D Medical Imaging software is projected to reach US$3.4 billion by 2024

High Resolution Image and Reconstruction Capabilities Drive 3D Medical Imaging Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global 3D Medical Imaging market. The global market for 3D Medical Imaging software is projected to reach US$3.4 billion by 2024, driven by increasing patient pool, rising incidence of chronic diseases, need for advanced imaging and technological advances. 

Although useful medically, 2D images generated by conventional imaging systems demand careful and cumbersome analysis due in part to large volume of images produced. 3D imaging represents an advanced technology in the field of medical imaging, enabling faster and accurate diagnosis. Advanced 3D medical imaging technologies help combine several 2D images to produce concise 3D visual representations of the target area that not only minimizes the number of images to be scanned but also enhances quality of assessment and patient throughput. Increasing incidence of various diseases, growing demand for diagnostic procedures, move towards preventive care, shift in favor of minimally invasive surgery, growing preference for advanced imaging techniques, higher spending and increasing applications are some of the factors driving demand for 3D medical imaging software.

Technological advancements are cornerstone to progress of 3D imaging, with new systems, display technologies and associated software making rapid strides. 3D displays, for instance, allow 3D volumetric displays without the need for glasses and negate the need for simulated 3D over 2D images as is the case with traditional systems. Rapid improvements in image resolution are also contributing to increasing uptake. Improved speeds in analysis, and multiplanar reformatting as well as reconstruction capabilities are also driving the market. Integration of conventional, well-known technologies into modern, emerging and complementing technologies is a growing trend in the market. However, high capital costs, complexity in design and handling, health risks and reimbursement issues are expected to dampen the growth of the 3D medical imaging market. Further, the emergence of 4D technology poses a serious threat to the growth of 3D medical imaging market going forwards.

As stated by the new market research report on 3D Medical Imaging, the United States represents the largest market worldwide supported by higher adoption of advanced imaging technologies, strong R&D investments and continuous technological innovation. Rest of World, comprising the Middle East and Africa, represents the fastest growing market with a CAGR of 10.7% through the analysis period. Growth in the region is led by large patient pool, increasing investments in healthcare, rising healthcare spending and growing affluence of consumers. 3D MRI & CT Software represents the largest segment in the market with promising growth prospects. Expanding applications in areas such as oncology, cardiology and emergency medicine are expected to drive demand for 3D Ultrasound Software.

Major players in the market include Esaote S.p.A., GE Healthcare, Hitachi Ltd., Intrasense SA, Materialise NV, Philips Healthcare, Samsung Medison America, Inc., Siemens Healthineers, TomTec Imaging Systems GmbH, and Toshiba America Medical Systems, Inc. among others.

The research report titled “3D Medical Imaging: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for 3D Medical Imaging software in value terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Segments analyzed in the report include MRI & CT and Ultrasound.

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