The market size of the Global Ultrasound Imaging Software Market in the year 2019 is valued at 894.87 million and is predicted to reach 1989.39 million by the year 2030 at a 9.6% CAGR during the forecast period.

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Ultrasound Imaging software is used in advanced imaging diagnostic machines and procedures, and as demand for better imaging and diagnostic solution bolsters, it is expected to boost the adoption of Ultrasound Imaging Software in the years to come. The Ultrasound Imaging Software market is also projected to be driven by the increasing geriatric population, rising prevalence of chronic diseases, growing demand for better diagnostic procedures, technological advancements, and increasing digitization through 2030. Rising awareness of the benefits of early diagnosis is also expected to provide new opportunities for Ultrasound Imaging Software providers. Fast adoption of novel technologies in developed healthcare infrastructure is also expected to drive Ultrasound Imaging Software market growth. The Ultrasound Imaging Software market experienced a negative growth trend in 2020 owing to the rising prevalence of coronavirus infections leading to a global pandemic situation. The Ultrasound Imaging Software market is expected to make a comeback at a steady pace over the years to come as the restrictions have been lifted and the world is back to normal. 

List of Prominent Players in the Ultrasound Imaging Software Market:

  • AmCad BioMed
  • Amolab
  • ContextVision
  • Caption Health, Inc.
  • DiA Imaging Analysis Ltd.
  • Koios Medical, Inc
  • eZono
  • GE Healthcare
  • iNNOGING Medical Limited
  • Medecom
  • Philips Healthcare
  • PS-Medtech
  • Siemens Healthineers
  • MIM Software, Inc.
  • Esaote SpA

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Market Dynamics:

Drivers:

Rising demand for enhanced diagnostic procedures is expected to favor the Ultrasound Imaging Software market potential influentially over the forecast period. The rising prevalence of chronic diseases is also expected to boost demand for better diagnostic solutions and services over the forecast period. Increasing focus on healthcare is also anticipated to positively affect the global Ultrasound Imaging Software market growth through 2030. The rising use of Computer-aided diagnosis owing to the rapid digitization of the healthcare industry is also expected to boost the Ultrasound Imaging Software market potential over the coming years.  

Challenges:

One of the significant challenges that are associated with the Ultrasound Imaging Software market is the budgetary constraints of healthcare institutions that could restrict the implementation of Ultrasound Imaging Software which is priced at a relatively higher price than other diagnostic procedures. Cybersecurity is anticipated to prove to be another challenge for Ultrasound Imaging Software providers and is expected to have a hampering effect on the demand for Ultrasound Imaging Software owing to the rising incidence of cyberattacks. 

Regional Trends:

The North America Ultrasound Imaging Software currently accounts for a major market share and is expected to maintain this stance over the forecast period as well. Increasing healthcare spending and a rising geriatric population are expected to drive Ultrasound Imaging Software market growth in this region prominently. The presence of developed healthcare infrastructure and increasing incidence of chronic diseases are other factors that could positively boost the Ultrasound Imaging Software market potential. Increasing demand for better diagnostic solutions from the general population will also drive Ultrasound Imaging Software market growth through 2030. The United States and Canada are projected to be the huge markets in this region. 

Recent Developments:

  • In March 2022, Canon Medical Systems announced an agreement to acquire Nordisk Rontgen Teknik to bolster its X-ray imaging offerings. 
  • In June 2019, ClariPi Inc., a leading name in the medical imaging solution industry, developed and won approval for a new artificial intelligence-enabled CT scanner. ‘ClariCT.AI’ was one of the most technologically advanced scanners of that time and has seen good sales since. 

Segmentation of Ultrasound Imaging Software Market-

By Service Type-

  • Integrated
  • Standalone
  • Next Generation/AI based Software

By Application-

  • Radiology
  • OB/GYN
  • Urology
  • Cardiology
  • Others (Orthopedic,etc.)

By End-User-

  • Hospitals
  • Specialty Clinics
  • Others (ASCs, Research Institutes, etc.)

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

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Tags: Global Ultrasound Imaging Software Market