Medical imaging is a fast-growing area in healthcare and its market is responding the same way. For obvious reasons, to run the medical imaging machines, some software is needed. There are different types of medical image software. We will mainly focus on one- medical image analysis software. We will talk about the analysis software, how it works and its global market.
What is a Medical Image Analysis Software?
A medical image analysis software is a computer program that can take patient’s data from medical images and analyze them to find out if there is a problem. It can do the analysis by helping diagnose, comparing images of different patients or the same patient from a different time, and evaluating the forecasts. Some of this software can even find anomalies in the given data that is very helpful for diagnosis.
Why Do We Require Medical Image Analysis Software?
Medical image analysis is a cognitive function that requires doctors to active go through the images of their patients to find out the problems. Ideally, it’s the doctors’ job but with an increasing demand for medical imaging, the amount of work has become so large that it’s almost impossible to do this manually. Also, the way the work has increased isn’t mirrored by the number of new radiologists in the healthcare sector.
This created a big problem as we are short of manpower in that area. Analysis software has a quick solution to this problem in that they can quickly analyze thousands of images to reach a conclusion. Medical image analysis software has deep learning algorithms in them and can work through hundreds of images at a time; they can also ‘flag’ some images that are suspicious and give them more attention. This is a wonderful solution and a huge load off of radiologists’ back.
The Market for Medical Image Analysis Software
There are lots of different analyzing software on the market. For example, Aidoc produces clinically proven Radiology AI that flags acute deformity as they enter the worklist. It can analyze CT scans of the neck, chest, head, and abdomen to find visual oddities. Arterys produces software that integrates deep learning AI algorithms with cloud computing. They have also developed similar programs for liver MRIs, lung MRIs, and mammograms.
It has been estimated that the medical image management software market will have a global worth of $3.9 Billion in 2022 with a compound annual growth of 8.2%. North America, especially two countries- the US, and Canada, are the market leader now and they are expected to hold that position in the near future. The Asia Pacific region is expected to grow the most during the coming years because of its large population and good economy.
Although we are seeing analysis software do lots of work and reducing the workload off our hands, it’s still in its nascent stage. Also, the software is as good as its machine, so it also has its limitations. The market for analysis software will increase but they are not replacing humans in the next decade.