Market Insights —
The growing prevalence of cardiac diseases has evolved the cardiac imaging software market rapidly over the years at a rapid pace. The latest report by Market Research Future published states that cardiac imaging software market can surge at a CAGR of 8.17% during the forecast period (2017 to 2023.
Cardiac diseases are one of the heart-related problems that have resulted in several deaths around the globe and is growing the passing years. The cardiac imaging software helps in detecting issues with imaging equipment and eliminates cardiac MRI and ultrasound due to its extensive process.
Various heart conditions such as cerebrovascular disease, coronary heart disease, peripheral arterial disease, congenital heart disease, rheumatic heart disease, pulmonary embolism, and deep vein thrombosis can be analyzed through programming in cardiac imaging software. The development of such programming projects is significantly ascribed due to expanding the prevalence of heart ailments and other heart diseases.
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Cardiac imaging software market: Market & Drivers
The cardiac imaging software market is gaining traction due to the increasing popularity of imaging software such as cvi42 and cmr42. The real-time images through this software are used to perform surgeries and diagnosis of diseases, which is contributing to the market growth remarkably. The increasing prevalence of diabetes disease is majorly attributing to the global cardiac imaging software market during the forecast period. Apart from this, the software also plays a pivotal role in selecting the treatment procedure, which, in turn, is gaining prominent traction and positively affecting the market growth.
Various factors such as increasing advancement in technology such as real-time imaging analytics, digitization, connected devices, image identification, and more along with rising adoption rate of new technology are continually providing limelight to the market growth graph. Therefore, the demand for cardiac imaging is accelerating. Other factors responsible for the cardiac imaging software market to expand over the forecast period are the growth of healthcare sector, a growing population of heart patients, development of healthcare infrastructure, growing income, and awareness among people about heart diseases treatment.
On the other hand, the mergers of the healthcare industry are also favoring the market owing to the increase in buying the power of cardiac imaging software. The demand for single-photon emission computed tomography (SPECT) is creating new heights for the market to achieve in the approaching years. On the flip side, factors such as lack of diagnostic systems, low healthcare expenditure in some regions could impede the growth of the global cardiac imaging software market during the forecast period.
The global cardiac imaging software segmentation has been carried out on the basis of imaging modalities and end-users.
In terms of the imaging modalities, the global cardiac imaging software market is categorized into tomography, ultrasound imaging, radiographic imaging, and combined patterns. The tomography is further classified into Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET), and Single-Photon Emission Computed Tomography (SPECT).
In terms of the end users, the global market for cardiac imaging software comprises of hospitals & clinics, diagnostic centers, and others.
Regionally, the global cardiac imaging software market, has covered the major regions of the Americas, Europe, Asia Pacific, and the Middle East and Africa.
Among these, cardiac imaging software market share is leading in the Americas due to increasing demand for cardiac monitoring devices for the existing huge patient-population and advancements in technology in the healthcare sector.
Europe has control over cardiac imaging software market with having the second largest share as this region is observed with more than 1.8 million deaths, each year due to cardiovascular diseases. These deaths are counted to be 15% in Europe, which has subsequently grown the demand for cardiac vascular software for outpatient surgeries. This eliminated the need for specialized cardiac imaging devices and initiated a cost-saving technology. This contributed to the second largest market share in this region.
Partnering with these regions, Asia Pacific is also one of the fastest regions for growing cardiac imaging software market, due to the increasing number of patients suffering from cardiac diseases and rapidly increasing demand for the cardiac imaging devices. Japan is the most active region for cardiac imaging software, as people suffer high heart strokes and chronic diseases that require surgical procedures. These factors are favoring the market growth in the APAC region significantly. The Middle East & Africa seize the least share of the market due to less availability of funds, limited availability of medical facilities, and inadequate medical conditions.
Some of prominent players contributing to the Global cardiac imaging software market are Koninklijke Philips N.V. (the Netherlands), Siemens Healthineers (Germany), Toshiba Corporation (Japan), Shimadzu Corporation (Japan), Agfa healthcare (U.S.), TOMTEC IMAGING SYSTEMS GMBH (Germany), Circle Cardiovascular Imaging Inc. (U.S.), CardioComm Solutions Inc. (Canada), Integer Holdings Corporation (U.S.), Pie Medical Imaging (the Netherland), HeartSciences (U.S.), 3mensio Medical Imaging (U.S.), eMedica, S.L. (U.S.). Heart Imaging Technologies, LLC, McKesson Corporation (U.S.), GE Healthcare (U.S.), Medis medical imaging systems (Netherland), Creavo Medical Technologies (U.K), Pixmeo SARL (Switerzland), Fujifilm Holdings Corporation (Japan), Positron Corporation (U.S.)
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Name: Akash Anand
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