India Medical Image Analysis Software Market Size & Outlook
India medical image analysis software market, 2018-2030 (US$M)
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India medical image analysis software market highlights
- The India medical image analysis software market generated a revenue of USD 121.0 million in 2023 and is expected to reach USD 223.9 million by 2030.
- The India market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, integrated was the largest revenue generating type in 2023.
- Stand Alone is the most lucrative type segment registering the fastest growth during the forecast period.
Medical image analysis software market data book summary
| Market revenue in 2023 | USD 121.0 million |
| Market revenue in 2030 | USD 223.9 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Integrated |
| Fastest growing segment | Stand Alone |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Integrated, Stand Alone |
| Key market players worldwide | Koninklijke Philips NV, Agfa-Gevaert NV, Canon Inc, GE HealthCare Technologies Inc Common Stock, Bruker Corp, Siemens Healthineers AG ADR, Esaote, Neusoft Medical Systems |
Other key industry trends
- In terms of revenue, India accounted for 3.7% of the global medical image analysis software market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical image analysis software market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 223.9 million by 2030.
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Medical Image Analysis Software Market Scope
Medical Image Analysis Software Market Companies
| Name | Profile | # Employees | HQ | Website |
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India medical image analysis software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical image analysis software market will help companies and investors design strategic landscapes.
Integrated was the largest segment with a revenue share of 53.97% in 2023. Horizon Databook has segmented the India medical image analysis software market based on integrated, stand alone covering the revenue growth of each sub-segment from 2018 to 2030.
In the past few years, India observed a technological shift from analog to the digital and reasonable cost of medical imaging solutions. Moreover, the Indian Radiological and Imaging Association had been promoting research on different imaging modalities.
There are mainly three key ingredients for the growth of this market in India, the upward trend in attaining advanced imaging systems, high growth of medical tourism as it is less expensive, and growing demand for refurbished devices to keep a tab on prices.
This would reduce the turnaround time, improve the reporting quality, and would make services more affordable and accessible. Along with that the company had already deployed a similar population screening solution for screening of tuberculosis.
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Target buyers of India medical image analysis software market databook
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Our clientele includes a mix of medical image analysis software market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India medical image analysis software market , including forecasts for subscribers. This country databook contains high-level insights into India medical image analysis software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India medical image analysis software market size, by type, 2018-2030 (US$M)
India Medical Image Analysis Software Market Outlook Share, 2023 & 2030 (US$M)
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