According to our new research study on "Medical Imaging Informatics Market" the market is expected to grow from US$ 3,671.72 million in 2021 to US$ 5,175.39 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028. The report highlights trends prevailing in the market and factors governing the growth of the medical imaging informatics market. Technological advancement is anticipated to accelerate the overall medical imaging informatics market revenue during the forecast period. However, challenges associated with the adoption of medical imaging informatics in terms of costs and the lack of expertise in operating medical imaging informatics systems limit the market potential.

Top Key Players

The medical imaging informatics market is majorly comprised of top players involving Agfa-Gevaert Group; Carestream Health; ESAOTE SPA; General Electric; Koninklijke Philips N.V.; Siemens Healthcare GmbH; Hologic, Inc.; Konica Minolta, Inc.; Shenzen Mindray Bio-Medical Electronics Co., Ltd.; Fujifilm Holdings Corporation among others.

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The companies listed above are implementing various strategies such as product launches, acquisitions, mergers, and partnerships, which have resulted in the company's growth and, in turn, have brought about various changes in the worldwide market. Additionally, the companies have adopted several inorganic and organic strategies for accelerating their growth and improving their market position.

Medical imaging informatics is defined as how medical images are used and exchanged throughout complex healthcare systems. Informatics is the intersection of information science, computer science, and healthcare and manages the acquisition, storage, retrieval, and use of information in healthcare efficiently and effectively to improve access and quality.

Based on type, the medical imaging informatics market is segregated into digital radiography, ultrasound, MRI, CT, nuclear imaging, and mammography. The ultrasound segment led the market in 2021; it is expected to retain its dominance during the forecast period. According to the report released by HealthManagement.org, the wide extent of ultrasound adoption intended for multifaceted applications over the last decade has resulted in the high adoption of medical imaging procedures. This is mainly due to ultrasound device adoption results in improvements in image quality and application-specific technology is responsible for having such a long-lasting impact on the people. For records, global ultrasound revenues are forecasted to grow by 27% over the next few years. The highest growth will be witnessed in the Asia Pacific region, accounting for 37%. At the same time, America and EMEA regions are forecasted to grow by 26% and 16%, respectively. This acts as a standalone factors positively influencing high adoption of ultrasound devices, ultimately accounting for considerable market share and size, driving the overall medical imaging informatics market during the forecast period.

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