Medical Imaging Information System Market: Players Focusing on Product Advancements for Business Expansion to Propel the Growth

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With the increasing need for efficient management of medical imagery and associated information and data, the global market for medical imaging information systems is observing a tremendous upswing in its size and valuation. The usefulness of medical imaging information systems in tracking billing information and radiology imaging orders is supporting the uptake rate of these systems across the world, leading to a high growth of this market. Going forward, the increasing usage of these systems in billing, record-keeping, and managing image archives in association with vendor neutral archive (VNAs) and PACS is likely to boost this market substantially in the years to come.

Nowadays, the amount of data and information in the healthcare sector is piling up significantly, leading to a number of complexities. This, as a result, has paved the path for the emergence of new information systems in the medical and healthcare infrastructure in order to streamline the workflow and improve the quality of services. All these factors are expected to propel the demand for medical imaging information systems across the world in the near future. However, the market may witness hindrances in the coming years due to the lack of skilled professionals.

The worldwide market for medical imaging is also assessed on the basis of its geographical presence. North America, the Middle East and Africa, Europe, Asia Pacific excluding Japan, Latin America, and Japan are considered as the main regional markets for medical imaging information systems across the world. Of these, North America has been leading the global market and is anticipated to continue doing so over the forthcoming years, thanks to the presence of an advanced medical and health care infrastructure and a sufficient number of skilled professionals. This regional market is expected to report a CAGR of 5.50% between 2017 and 2022.

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Varian Medical Systems, Mindray Medical International Ltd., Hitachi Medical Corp., Toshiba Corp., Fujifilm Corp., Siemens Healthcare, Koninklijke Philips N.V., Neusoft Medical Systems Ltd., Hologic Inc., GE Healthcare, and Esaote S.P.A. are the leading vendors of medical imaging information systems across the world.