Medical Image Management Market: Driving Factors and Market Feasibility Forecast to 2022

Global Medical Image Management Market is classified based on product type, end users, applications, and geography. Medical image management (MIM) is a type of solution that offers report storage, study and robust solution to radiology image archiving. The global MIM market is expected to show considerable growth rate during the forecast period. The factors that propel the growth of the Medical Image Management Market include increasing demand, technological innovations, rising geriatric population, growing occurrence of various diseases and awareness about early diagnosis of disease. On the other hand, there are also factors that may hamper the growth of the market such as extended product lifecycle of VNAs and budgetary constraints.

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Medical Image Management Market is classified based on product type as Picture Archiving and Communication Systems (PACS), Vendor Neutral Archives (VNA) and Application-independent Clinical Archives (AICA). Picture Archiving and Communication Systems (PACS) is classified as Departmental PACS, Enterprise PACS and others. Vendor Neutral Archives (VNA) is classified based on type, procurement model, and type of vendor. Based on type, VNA is classified as on premise, hybrid VNA and cloud-based VNA. Based on procurement model, VNA is classified as departmental VNA, multidepartment VNA and multisite VNA. Based on type of vendor, VNA is classified asPACS Vendors, independent software vendors and infrastructure/storage vendors.

Application-independent Clinical Archives (AICA) is classified based on type of vendor as VNA vendors and native AICA vendors. Medical Image Management Market is classified based on applications as standard radiography, oncology imaging, cardiovascular imaging, neuroradiology, interventional radiology, musculoskeletal imaging & pain management, advanced body imaging, and others. Medical Image Management Market is classified on the basis offend users as hospitals, diagnostic imaging centres and others. The other segment includes ambulatory surgical centres, contract research organizations and small clinics. Among end users, hospital segment is projected to account a major share of the Medical Image Management Market. Medical Image Management Market is classified based on geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, and Australia & New Zealand. The Middle East and Africa region consists of GCC, South Africa and North Africa. In case of geographical region, North America is projected to account a major share of the Global Medical Image Management Market. The major factors that attribute to the growth of this region is due to implementation of technically advanced imaging system, prevalence of several disease, and R&D activities.

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Some of the key players that fuel the growth of the Medical Image Management Market include Agfa-Gevaert Group, McKesson Corporation, Carestream Health, Inc. (Onex Corporation), GE Company, Merge Healthcare Inc. (IBM Corporation), Siemens Healthcare (Siemens AG), Philips Healthcare (Royal Philips Electronics)(The Netherlands), BridgeHead Software, Fujifilm Holdings Corporation and Novarad Corporation.