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Cardiac Imaging Software Market to Register $528.5Mn by 2023

Dec 8, 2021 8:42 PM ET

Cardiac Imaging Software Market to Register $528.5Mn by 2023


The global report with details on the cardiac imaging software market revealed recently that the market has a chance to surpass a valuation of USD 528.5 million by 2023. Market Research Future (MRFR) reveals the possibility of reaching a CAGR of 8.17% during the forecast period of 2017 to 2023.

The report also covers several factors that can boost the market in the coming years. These factors are the rising cases of cardiac diseases, better reimbursement policies to support the diagnostic procedures, hike in the healthcare sector investment that allows easy integration of latest technologies, improvement in technologies, the participation of new entrants who are providing directions to the market, and others.

However, the market may suffer from the high cost associated with it. But the progress in developing regions may reduce the negative impacts on the cardiac imaging technology market.

Cardiac Imaging Software Market

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The global cardiac imaging software market has been studied in the MRFR report on the basis of segments like imaging modalities and end users. Both these segments have insights and analyses of factors with figures that provide scope for a better assessment of how the market can be explored for better profits.

By imaging modalities, the report on the cardiac imaging software market includes ultrasound imaging, radiographic imaging, tomography, and combined modalities. The tomography segment had the lead in the market, and it had a valuation of USD 105.6 million in 2016.

By end-user, the report suggesting details on the cardiac imaging software market has been segmented into diagnostic centers, hospitals & clinics, and others. The hospitals & clinics segment is expected to gain more due to structural advantage.

Regional Analysis:

North America is expected to have control over a major part of the market. This is primarily due to the hike in investment for such advanced technologies and better market facilities. The US and Canada would dominate the regional market. In Asia Pacific, the market would get a boost from India, China, and others who are revamping their healthcare sector to provide better support to their citizens.

Competitive Landscape:

The global market for cardiac imaging software market is getting thrust from companies like Canon Inc (Japan), Koninklijke Philips NV (Netherlands), Siemens AG (US), Agfa-Gevaert Group (Belgium), Shimadzu Corporation (Japan), Fujifilm Holdings Corporation (Japan), TOMTEC IMAGING SYSTEMS (Germany), GENERAL ELECTRIC (US), HeartSciences (US), Circle Cardiovascular (US), Pie Medical Imaging (Belgium), and MEDIS Medical Imaging Systems (Netherlands). These companies have been analyzed on the basis of their portfolio and recent proceedings, which is expected to provide a much-detailed outlook of the market. MRFR’s attempt brings out insights that can be used for a closer reading of the market.

Industry News:

In March 2020, a new technique has been revealed by researchers that would make imaging easier in cases related to cardiac diseases. The technology includes a blend of computed tomography (CT) and magnetic resonance imaging (MRI) can help in better diagnosis of coronary artery disease diagnosis, This will also help in finding a better treatment for patients who are suffering from cardiac diseases.

CT provides better images of coronary anatomy, while cardiac MRI delivers images with particulars of blood supply to the heart muscle. Both these are complimentary, but systems before this latest discovery were not used to get two pictures at once. This new type would increase the demand for such a system, and software makers can expect a boost as the need to support such technology is about to grow.

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