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North America Medical Image Management Market
North America Medical Image Management Market by Product {PACS [Departmental (Radiology, Mammography, Cardiology), Enterprise], VNA [(On-premise, Hybrid), [Vendor (PACS, Software, Infrastructure)], AICA, Universal Viewer}, End User - Forecast to 2030
Report ID:MRHC - 104874 Pages: 150 Jun-2024 Formats*: PDF Category: Healthcare Delivery: 24 to 72 HoursThe North America Medical Image Management Market is projected to reach $2.3 billion by 2030, at a CAGR of 6% from 2024 to 2030. Medical imaging holds significant importance across different medical settings and at various levels of healthcare. Medical image management solutions enable the seamless integration of medical image data with patient information in other records, including electronic health records, health information systems, and radiology information systems (RIS).
The growth of this market is driven by the rising geriatric population, growing demand for medical imaging equipment, increasing investments in medical imaging technologies, technological advancements in diagnostic imaging modalities, and growing healthcare IT & EHR adoption. However, the long product lifecycle of vendor-neutral archive solutions and budgetary constraints restrains this market's growth.
Additionally, the growing integration of PACS & VNA with EMR, big data in the healthcare sector, penetration of artificial intelligence in medical imaging, adoption of hybrid & cloud-based medical imaging solutions, and telehealth market offer significant market growth opportunities. However, data migration and lack of interoperability are the major challenges for the market’s growth.
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Growing Telehealth Market Creates an Opportunity for the Growth of North America Medical Image Management Market
Telemedicine/telehealth provides improved accessibility, cost-effectiveness, and quality of care. According to Aluna Partners Ltd (U.K.), the global investment in telehealth has grown 169% year-on-year to USD 5 billion in the second quarter of 2021. Telehealth-related funding was also observed in North America. For instance, in August 2022, KeyCare, the telehealth platform developed in association with Epic Systems Corporation (U.S.) and KeyCare, Inc. (U.S.), received USD 24 million in series A funding. After receiving series, A funding, KeyCare, Inc. (U.S.) plans to provide more health systems with a one-stop platform.
Furthermore, the COVID-19 pandemic impacted the adoption of telehealth. For instance, in March 2020, telehealth visits surged by 50% amid the COVID-19 pandemic. Till June 2020, the Federal Communications Commission (FCC) COVID-19 Telehealth Program of the U.S., authorized by the CARES Act, approved funding for 305 healthcare providers in 42 states plus Washington, D.C., for a total of USD 104.98 million in funding telehealth program.
By increasing access to physicians and specialists, telehealth systems help patients receive the right care. Healthcare systems are increasingly recognizing the benefits of adopting telehealth. With technological advancements, companies are developing software to access medical images from computers and mobile devices. Telehealth-EHR integration will help healthcare systems with effective remote monitoring in the coming years. Thus, the increasing practice of telemedicine will serve as an opportunity for the market.
Penetration of Artificial Intelligence in Medical Imaging Drives the Growth of the North America Medical Image Management Market
The emerging application of AI and ML in medical imaging is expected to bring various benefits, including augmentation and improvements in diagnosis. Moreover, radiologists use AI to enhance workflow and diagnostic efficiency, as well as in predictive healthcare. However, to create these image-analyzing algorithms, large amounts of medical images must be gathered in a curated form and fed to the algorithm to learn and decipher differentiating features. AI is utilized in medical image analysis for identifying changes in scans while reducing treatment planning time by analyzing vast amounts of data. AI also helps in improving operational efficiency, freeing experts from repetitive tasks.
Radiology PACS and diagnostic imaging vendors worldwide are actively advancing their AI solutions. In November 2021, Rad AI (U.S.) secured $25 million in Series A funding. This funding will accelerate the development and commercialization of Rad AI Omni and Rad AI Continuity, its pioneering AI platform designed to empower radiologists. This platform aims to streamline workflows, alleviate time constraints, combat burnout, and ultimately enhance the quality of patient care in radiology. Furthermore, in April 2020, Qure.ai Technologies Inc (U.S.) launched its COVID-19 progression monitoring software at Bolton NHS Foundation Trust. Qure.ai’s software automates the interpretation of COVID-19 progression by quantifying changes on chest X-rays, enabling localization, qualification of lesions and a case priority score generated in under a minute. Such initiatives by major market players to advance medical imaging through AI integration contribute to the growth of the North America medical image management market.
Key Findings of the North America Medical Image Management Market Study:
In 2024, the PACS Segment is Expected to Dominate the North America Medical Image Management
Among the products, in 2024, the PACS segment is expected to account for the largest share of the North America medical image management market. PACS are increasingly being incorporated into other specialties, such as cardiology, ophthalmology, oncology, endoscopy, teleradiology, dermatology, pathology, neurology, and dentistry. Among these, PACS has been widely adopted in the radiology department. It is also commonly used in digital radiography as it helps to manage the storage, retrieval, distribution, and presentation of DICOM images (i.e., X-rays, MRIs, distribution, and CAT scans). These factors drive the growth of this segment.
In 2024, the Hospitals Segment is Expected to Dominate the North America Medical Image Management Market
Among the end users, in 2024, the hospitals segment is expected to account for the largest share of the North America medical image management market. The large market share of this segment is attributed to the growing number of hospital admissions, the rising prevalence of diseases requiring medical imaging, increased investments in advancing healthcare infrastructure, and the growing adoption of medical image management solutions through contractual agreements. For instance, in February 2022, Novarad Corporation (U.S.) signed a contract with Lower Umpqua General Hospital of Reedsport (U.S.) and implemented Ncompass PACS and CryptoChart, a CD-free image-sharing solution.
U.S.: Fastest-growing Country-level Market
Based on geography, the U.S. is slated to record the highest growth rate during the forecast period. The growth of this market is primarily driven by the growing demand for advanced technologies in healthcare, the rise in the aging population, the increasing prevalence of chronic diseases, and the adoption of electronic medication administration record systems. According to the U.S. Census Bureau, in 2021, the number of adults aged 65 and older reached over 54 million in the U.S., which is 16.5% of the country's total population. This number is expected to reach an estimated 85.7% by 2050, roughly 20% of the overall U.S. population. With a larger proportion of the population being aged 65 and older, there will be an increased demand for disease diagnosis and management, including cardiology, chest radiology, and other imaging modalities. This growing need for medical imaging services is expected to drive the demand for medical image management solutions.
Key Players
The key players profiled in this market study are Novarad Corporation (U.S.), GE HealthCare Technologies Inc. (U.S.), Hyland Software, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), INFINITT Healthcare Co., Ltd. (South Korea), Siemens Healthineers AG (Germany), Agfa-Gevaert NV (Belgium), Mach7 Technologies (U.S.), FUJIFILM Holdings Corporation (Japan), Merative (U.S.), Sectra AB (Sweden), and Change Healthcare Inc. (U.S.).
Scope of the Report:
North America Medical Image Management Market Assessment, by Product
- Picture Archive Communication System (PACS)
- PACS Market, by Type
- Departmental PACS
- Radiology PACS
- Cardiology PACS
- Mammography PACS
- Traditional Mammography PACS
- Vendor Neutral Mammography PACS
- Departmental PACS
- Enterprise PACS
- Departmental PACS
- PACS Market, by Delivery Model
- On-premise PACS
- Web/Cloud-based PACS
- PACS Market, by Type
- Vendor Neutral Archive (VNA)
- VNA Market, by Delivery Model
- On-premise VNA
- Hybrid VNA
- Web/Cloud-based VNA
- VNA Market, by Procurement Model
- Enterprise VNA
- Multi-departmental VNA
- Multi-site VNA
- Departmental VNA
- Enterprise VNA
- VNA Market, by Vendor Type
- PACS Vendors
- Independent Software Vendors
- Infrastructure Vendors
- VNA Market, by Delivery Model
- Application-independent Clinical Archives
- AICA Market, by Vendor Type
- VNA Vendors
- Native AICA Vendors
- AICA Market, by Vendor Type
- Enterprise/Universal Viewers
North America Medical Image Management Market Assessment, by End User
- Hospitals
- Diagnostic Imaging Centers
- Other End Users
North America Medical Image Management Market Assessment, by Country
- U.S.
- Canada
Key questions answered in the report:
The North America medical image management market study covers the market sizes & forecasts for PACS and VNA solutions used in hospitals and laboratories. The report includes the value analysis of various segments of the North America medical image management market at the country level.
The North America medical image management market is projected to reach $2.3 billion by 2030, at a CAGR of 6% during the forecast period.
Based on product, the VNA segment is expected to grow at the highest CAGR during the forecast period. Factors driving this growth include the need for efficient archiving of medical imaging data and the ability of VNAs to overcome PACS limitations. Furthermore, VNAs provide non-DICOM image management, contributing to their increased adoption.
Based on end user, the hospitals segment is expected to grow at the highest CAGR during the forecast period. Factors such as growth in healthcare expenditure, rising hospital admissions, and an increasing number of installations of medical imaging modalities in hospitals are driving this segment's growth.
The growth of this market is driven by the rising geriatric population, growing demand for medical imaging equipment, increasing investments in medical imaging technologies, technological advancements in diagnostic imaging modalities, and growing healthcare IT & EHR adoption. Additionally, the growing integration of PACS & VNA with EMR, big data in the healthcare sector, penetration of artificial intelligence in medical imaging, adoption of hybrid & cloud-based medical imaging solutions, and telehealth market offer significant market growth opportunities.
The key players operating in the North America medical image management market are Novarad Corporation (U.S.), GE HealthCare Technologies Inc. (U.S.), Hyland Software, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), INFINITT Healthcare Co., Ltd. (South Korea), Siemens Healthineers AG (Germany), Agfa-Gevaert NV (Belgium), Mach7 Technologies (U.S.), FUJIFILM Holdings Corporation (Japan), Merative (U.S.), Sectra AB (Sweden), and Change Healthcare Inc. (U.S.).
The U.S. is projected to offer significant growth opportunities for vendors operating in this market due to an increase in partnerships between vendors and healthcare organizations and the launches of new advanced image management products.
1. Market Definition & Scope
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitation
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.3. Drivers
4.3.1. Rising Geriatric Population
4.3.2. Growing Demand for Medical Imaging Equipment
4.3.3. Increasing Investments in Medical Imaging Technologies
4.3.4. Technological Advancements in Diagnostic Imaging Modalities
4.3.5. Growing Healthcare IT & EHR Adoption
4.4. Restraints
4.4.1. Long Product Lifecycle of Vendor Neutral Archive Solutions
4.4.2. Budgetary Constraints
4.5. Opportunities
4.5.1. Integration of PACS & VNA with EMR
4.5.2. Rapidly Increasing Big Data in the Healthcare Sector
4.5.3. Penetration of Artificial Intelligence in Medical Imaging
4.5.4. Rising Adoption of Hybrid & Cloud-Based Medical Imaging Solutions
4.5.5. Growing Telehealth Market
4.6. Challenges
4.6.1. Data Migration
4.6.2. Lack of Interoperability
4.7. Trends
4.8. Regulatory Analysis
4.9. Pricing Analysis
4.10. Porter’s 5 Force Analysis
5. North America Medical Image Management Market—by Product
5.1. Overview
5.2. Picture Archive Communication System (PACS)
5.2.1. PACS Market, by Type
5.2.1.1. Departmental PACS
5.2.1.1.1. Radiology PACS
5.2.1.1.2. Mammography PACS
5.2.1.1.2.1. Traditional Mammography PACS
5.2.1.1.2.2. Vendor Neutral Mammography PACS
5.2.1.1.3. Cardiology PACS
5.2.1.1.4. Other Departmental PACS
5.2.1.2. Enterprise PACS
5.2.2. PACS Market, by Delivery Model
5.2.2.1. On-Premise PACS
5.2.2.2. Web/Cloud-Based PACS
5.3. Vendor Neutral Archive (VNA)
5.3.1. VNA Market, by Delivery Model
5.3.1.1. On-Premise VNA
5.3.1.2. Hybrid VNA
5.3.1.3. Web/Cloud-Based VNA
5.3.2. VNA Market, by Procurement Model
5.3.2.1. Enterprise VNA
5.3.2.1.1. Multi-Departmental VNA
5.3.2.1.2. Multi-Site VNA
5.3.2.2. Departmental VNA
5.3.3. VNA Market, by Vendor Type
5.3.3.1. Independent Software Vendors
5.3.3.2. PACS Vendors
5.3.3.3. Infrastructure Vendors
5.4. Application-Independent Clinical Archives (AICA)
5.4.1. AICA Market, by Vendor Type
5.4.1.1. VNA Vendors
5.4.1.2. Native AICA Vendors
5.5. Enterprise/Universal Viewer
6. North America Medical Image Management Market—by End User
6.1. Overview
6.2. Hospitals
6.3. Diagnostic Imaging Centers
6.4. Other End Users
7. North America Medical Image Management Market—by Country
7.1. Overview
7.2. U.S.
7.3. Canada
8. Competitive Analysis
8.1. Overview
8.2. Key Growth Strategies
8.3. Competitive Benchmarking
8.4. Vendor Dashboard
8.4.1. Industry Leaders
8.4.2. Market Differentiators
8.4.3. Vanguards
8.4.4. Emerging Companies
8.5. Market Share Analysis (2022)
9. Company Profiles (Business Overview, Financial Snapshot, Product Portfolio, Strategic Developments, and SWOT Analysis)
9.1. Novarad Corporation
9.2. GE HealthCare Technologies Inc.
9.3. Hyland Software, Inc.
9.4. Koninklijke Philips N.V.
9.5. INFINITT Healthcare Co., Ltd.
9.6. Siemens Healthineers AG
9.7. Agfa-Gevaert NV
9.8. Mach7 Technologies
9.9. FUJIFILM Holdings Corporation
9.10. Merative
9.11. Sectra AB
9.12. Change Healthcare Inc.
(Note: SWOT analysis is provided for the top 5 companies)
10. Appendix
10.1. Available Customization
10.2. Related Reports
List of Tables
Table 1 North America Medical Image Management Market, by Product, 2021–2030 (USD Million)
Table 2 North America PACS Market, by Type, 2021–2030 (USD Million)
Table 3 North America PACS Market, by Country, 2021–2030 (USD Million)
Table 4 North America Departmental PACS Market, by Type, 2021–2030 (USD Million)
Table 5 North America Departmental PACS Market, by Country, 2021–2030 (USD Million)
Table 6 North America Radiology PACS Market, by Country, 2021–2030 (USD Million)
Table 7 North America Mammography PACS Market, by Type, 2021–2030 (USD Million)
Table 8 North America Mammography PACS Market, by Country, 2021–2030 (USD Million)
Table 9 North America Traditional Mammography PACS Market, by Country, 2021–2030 (USD Million)
Table 10 North America Vendor Neutral Mammography PACS Market, by Country, 2021–2030 (USD Million)
Table 11 North America Cardiology PACS Market, by Country, 2021–2030 (USD Million)
Table 12 North America Departmental PACS Market, by Country, 2021–2030 (USD Million)
Table 13 North America Enterprise PACS Market, by Country, 2021–2030 (USD Million)
Table 14 North America PACS Market, by Delivery Model, 2021–2030 (USD Million)
Table 15 North America On-Premise PACS Market, by Country, 2021–2030 (USD Million)
Table 16 North America Web/Cloud-Based PACS Market, by Country, 2021–2030 (USD Million)
Table 17 North America VNA Market, by Delivery Model, 2021–2030 (USD Million)
Table 18 North America VNA Market, by Country, 2021–2030 (USD Million)
Table 19 North America On-premises VNA Market, by Country, 2021–2030 (USD Million)
Table 20 North America Hybrid VNA Market, by Country, 2021–2030 (USD Million)
Table 21 North America Web/Cloud-Based VNA Market, by Country, 2021–2030 (USD Million)
Table 22 North America VNA Market, by Procurement Model, 2021–2030 (USD Million)
Table 23 North America Enterprise VNA Market, by Type, 2021–2030 (USD Million)
Table 24 North America Enterprise VNA Market, by Country, 2021–2030 (USD Million)
Table 25 North America Multi-Departmental VNA Market, by Country, 2021–2030 (USD Million)
Table 26 North America Multi-Site VNA Market, by Country, 2021–2030 (USD Million)
Table 27 North America Departmental VNA Market, by Country, 2021–2030 (USD Million)
Table 28 North America VNA Market, by Vendor Type, 2021–2030 (USD Million)
Table 29 North America VNA Market for Independent Software Vendors, by Country, 2021–2030 (USD Million)
Table 30 North America VNA Market for PACS Vendors, by Country, 2021–2030 (USD Million)
Table 31 North America VNA Market for Infrastructure Vendors, by Country, 2021–2030 (USD Million)
Table 32 North America AICA Market, by Country, 2021–2030 (USD Million)
Table 33 North America AICA Market, by Vendor Type, 2021–2030 (USD Million)
Table 34 North America AICA Market for VNA Vendors, by Country, 2021–2030 (USD Million)
Table 35 North America AICA Market for Native AICA Vendors, by Country, 2021–2030 (USD Million)
Table 36 North America Enterprise/Universal Viewer Market, by Country, 2021–2030 (USD Million)
Table 37 North America Medical Image Management Market, by End User, 2021–2030 (USD Million)
Table 38 North America Medical Image Management Market for Hospitals, by Country, 2021–2030 (USD Million)
Table 39 North America Medical Image Management Market for Diagnostic Imaging Centers, by Country, 2021–2030 (USD Million)
Table 40 North America Medical Image Management Market for Other End Users, by Country, 2021–2030 (USD Million)
Table 41 North America: Medical Image Management Market, by Country, 2021–2030 (USD Million)
Table 42 North America: Medical Image Management Market, by Product, 2021–2030 (USD Million)
Table 43 North America: PACS Market, by Type, 2021–2030 (USD Million)
Table 44 North America: Departmental PACS Market, by Type, 2021–2030 (USD Million)
Table 45 North America: Mammography PACS Market, by Type, 2021–2030 (USD Million)
Table 46 North America: PACS Market, by Delivery Model, 2021–2030 (USD Million)
Table 47 North America: VNA Market, by Delivery Model, 2021–2030 (USD Million)
Table 48 North America: VNA Market, by Procurement Model, 2021–2030 (USD Million)
Table 49 North America: Enterprise VNA Market, by Type, 2021–2030 (USD Million)
Table 50 North America: VNA Market, by Vendor Type, 2021–2030 (USD Million)
Table 51 North America: AICA Market, by Vendor Type, 2021–2030 (USD Million)
Table 52 North America: Medical Image Management Market, by End User, 2021–2030 (USD Million)
Table 53 U.S.: Medical Image Management Market, by Product, 2021–2030 (USD Million)
Table 54 U.S.: PACS Market, by Type, 2021–2030 (USD Million)
Table 55 U.S.: Departmental PACS Market, by Type, 2021–2030 (USD Million)
Table 56 U.S.: Mammography PACS Market, by Type, 2021–2030 (USD Million)
Table 57 U.S.: PACS Market, by Delivery Model, 2021–2030 (USD Million)
Table 58 U.S.: VNA Market, by Delivery Model, 2021–2030 (USD Million)
Table 59 U.S.: VNA Market, by Procurement Model, 2021–2030 (USD Million)
Table 60 U.S.: Enterprise VNA Market, by Type, 2021–2030 (USD Million)
Table 61 U.S.: VNA Market, by Vendor Type, 2021–2030 (USD Million)
Table 62 U.S.: AICA Market, by Vendor Type, 2021–2030 (USD Million)
Table 63 U.S.: Medical Image Management Market, by End User, 2021–2030 (USD Million)
Table 64 Canada: Medical Image Management Market, by Product, 2021–2030 (USD Million)
Table 65 Canada: PACS Market, by Type, 2021–2030 (USD Million)
Table 66 Canada: Departmental PACS Market, by Type, 2021–2030 (USD Million)
Table 67 Canada: Mammography PACS Market, by Type, 2021–2030 (USD Million)
Table 68 Canada: PACS Market, by Delivery Model, 2021–2030 (USD Million)
Table 69 Canada: VNA Market, by Delivery Model, 2021–2030 (USD Million)
Table 70 Canada: VNA Market, by Procurement Model, 2021–2030 (USD Million)
Table 71 Canada: Enterprise VNA Market, by Type, 2021–2030 (USD Million)
Table 72 Canada: VNA Market, by Vendor Type, 2021–2030 (USD Million)
Table 73 Canada: AICA Market, by Vendor Type, 2021–2030 (USD Million)
Table 74 Canada: Medical Image Management Market, by End User, 2021–2030 (USD Million)
Table 75 Recent Developments, by Company (2021–2024)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 6 Market Size Estimation
Figure 7 North America Medical Image Management Market, by Product, 2024 VS. 2030 (USD Million)
Figure 8 North America Medical Image Management Market, by End User, 2024 VS. 2030 (USD Million)
Figure 9 North America Medical Image Management Market, by Country, 2024 VS. 2030 (USD Million)
Figure 10 North America Medical Image Management Market, by Product, 2024 VS. 2030 (USD Million)
Figure 11 North America Medical Image Management Market, by End User, 2024 VS. 2030 (USD Million)
Figure 12 North America Medical Image Management Market, by Country, 2024 VS. 2030 (USD Million)
Figure 13 North America: Medical Image Management Market Snapshot
Figure 14 Key Growth Strategies Adopted by Leading Players, 2020—2024
Figure 15 North America Medical Image Management Market: Competitive Dashboard
Figure 16 North America Medical Image Management Market: Competitive Benchmarking, by Product
Figure 17 North America Medical Image Management Market: Market Share Analysis (2022)
Figure 18 GE HealthCare Technologies Inc.: Financial Overview (2022)
Figure 19 Koninklijke Philips N.V.: Financial Overview (2022)
Figure 20 Siemens Healthineers AG: Financial Overview (2022)
Figure 21 Agfa-Gevaert NV: Financial Overview (2022)
Figure 22 Mach7 Technologies: Financial Overview (2022)
Figure 23 FUJIFILM Holdings Corporation: Financial Overview (2022)
Figure 24 Sectra AB: Financial Overview (2022)
Figure 25 Change Healthcare Inc.: Financial Overview (2022)
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