South Africa Medical Image Analysis Software Market Size & Outlook
South Africa medical image analysis software market, 2018-2030 (US$M)
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South Africa medical image analysis software market highlights
- The South Africa medical image analysis software market generated a revenue of USD 40.0 million in 2023 and is expected to reach USD 64.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.1% 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 40.0 million |
| Market revenue in 2030 | USD 64.7 million |
| Growth rate | 7.1% (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, South Africa accounted for 1.2% 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 Middle East & Africa, South Africa medical image analysis software market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 36.0 million by 2030.
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Medical Image Analysis Software Market Scope
Medical Image Analysis Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 54% in 2023. Horizon Databook has segmented the South Africa medical image analysis software market based on integrated, stand alone covering the revenue growth of each sub-segment from 2018 to 2030.
Key factors likely to propel South Africa’s medical imaging software analysis market are the growing cases of chronic diseases in the country and technological advancements in diagnostic imaging. Imaging tests using ultrasound, radiography, nuclear medicine, and fluoroscopy can create real-time images of internal organs to help early diagnosis and treatment.
New imaging techniques that reveal greater anatomical details are being made available in most hospitals. Companies such as Nvidia and Aidoc are developing a wide range of AI-powered applications in this market.
In October 2019, Subtle Medical, a startup, received FDA approval for its SubtleMR imaging processing software. Technological advancements such as these can help propel the market in South Africa.
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Target buyers of South Africa 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 South Africa medical image analysis software market , including forecasts for subscribers. This country databook contains high-level insights into South Africa medical image analysis software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa medical image analysis software market size, by type, 2018-2030 (US$M)
South Africa Medical Image Analysis Software Market Outlook Share, 2023 & 2030 (US$M)
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