- The global medical imaging management market is projected to be $3.04 billion in 2018 and $4.43 billion in 2023. The annual compounded rate of growth is expected to be 7.7%.
- Growth is being fueled by advanced technology in medical diagnostic equipment, increasing capital investments in this new equipment, increasing use of imaging in diagnostic medicine and government initiatives to encourage EMR adoption. Growth in medical diagnostic imaging creates additional demand for image management solutions.
- North America is the largest market for image management software followed by Europe and then Asia. Although it is the third largest market, Asia is the fastest growing market.
- In the United States market demand is being fueled primarily by the small hospital market and imaging centers.
