Digital Transformation in Imaging Powering the Next Wave of Growth in Informatics

Digital Transformation in Imaging Powering the Next Wave of Growth in Informatics

Future Growth Potential Enhanced by Growth Opportunities in Enterprise Imaging IT

RELEASE DATE
01-Feb-2021
REGION
North America
Research Code: MEF2-01-00-00-00
SKU: HC03379-GL-MR_25166
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Description

The global medical imaging and informatics industry is undergoing rapid change with the emergence of new technologies, evolving clinical and administrative needs, and the introduction of new policies and regulations, making it necessary for industry participants to continuously innovate to maintain their competitive edge. New technologies such as Artificial Intelligence (AI) and the cloud are opening up new opportunities that did not exist a few years ago. The COVID-19 pandemic exacerbates already overstretched financial resources at healthcare institutions, prompting a drastic change in the engagement mode with vendors. With the entry of startups, competition in imaging informatics is set to intensify to such an extent that many industry leaders are competing to establish strategic partnerships with small startups to expand their solutions portfolio.

Medical imaging informatics is poised to play a central role in the management of illnesses. Digitization of imaging data offers several advantages, including higher pixel information, efficient storage and retrieval, and ease in sharing images.
Advances in informatics have increased the capability to exploit pixel information to automated detection, triage, and diagnosis via computer-aided technologies, e.g., computer-aided detection, computer-aided triage, and computer-aided diagnosis.

The quantum of data imaging being generated is enormous. Efficient image management can create significant benefits for the institution in the form of increased efficiency, better productivity, reduced dose for patients, and a lower number of repeat examinations. Over the years, usage of Picture Archiving and Communications Systems (PACS) has given rise to large imaging datasets; however, these have been restricted by siloed and proprietary protocol-based usage, creating new unmet demand in terms of accessing and sharing the data across the hospital enterprise. The archive’s architecture is a crucial factor that enables it to store and share images across numerous platforms. Newer developments in imaging technologies such as cloud and Vendor Neutral Archives (VNA) are being designed to work with multiple vendor-agnostic platforms, paving the way for truly customized treatments based on individual patient care needs.

Research Scope

The scope of the study is global and includes the analysis of 4 key segments of the imaging informatics market, namely, Radiology IT, Ancillary IT, Other Departmental IT, and Enterprise Imaging IT. The study provides an overview of the key trends in each major region—North America, Europe, the Middle East, and Africa (MENA), and Asia-Pacific. The COVID-19 pandemic forced many institutions to defer capital expenditure and investment, resulting in a drop in overall revenues.

Author: Suresh Kuppuswamy


RESEARCH: INFOGRAPHIC

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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Medical Imaging Informatics Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Medical Imaging Informatics Market Scope of Analysis

Medical Imaging Informatics Market Segmentation

Key Competitors for the Medical Imaging Informatics Market

Key Competitors for the Medical Imaging Informatics Market (continued)

Key Growth Metrics for the Medical Imaging Informatics Market

Introduction, Medical Imaging Informatics Market

Evolution of the PACS Application, Medical Imaging Informatics Market

Growth Drivers for the Medical Imaging Informatics Market

Growth Drivers Analysis for the Medical Imaging Informatics Market

Growth Drivers Analysis for the Medical Imaging Informatics Market (continued)

Growth Drivers Analysis for the Medical Imaging Informatics Market (continued)

Growth Restraints for the Medical Imaging Informatics Market

Growth Restraints Analysis for the Medical Imaging Informatics Market

Growth Restraints Analysis for the Medical Imaging Informatics Market (continued)

Growth Restraints Analysis for the Medical Imaging Informatics Market (continued)

Growth Restraints Analysis for the Medical Imaging Informatics Market (continued)

Growth Restraints Analysis for the Medical Imaging Informatics Market (continued)

Forecast Assumptions, Medical Imaging Informatics Market

Mergers & Acquisitions (2019–2020), Medical Imaging Informatics Market

Mergers & Acquisitions (2019–2020), Medical Imaging Informatics Market (continued)

Strategic Partnerships, Medical Imaging Informatics Market

Revenue Forecast, Medical Imaging Informatics Market

Revenue Forecast by Segment, Medical Imaging Informatics Market

Revenue Forecast by Region, Medical Imaging Informatics Market

Revenue Forecast Analysis, Medical Imaging Informatics Market

Revenue Forecast Analysis by Region, Medical Imaging Informatics Market

Percent Revenue Forecast by Segments, Medical Imaging Informatics Market

Competitive Environment, Medical Imaging Informatics Market

Market Share Analysis, Medical Imaging Informatics Market

Regional Trends, Medical Imaging Informatics Market

Regional Trends, Medical Imaging Informatics Market (continued)

Regional Trends, Medical Imaging Informatics Market (continued)

Regional Trends, Medical Imaging Informatics Market (continued)

Product Definitions, Radiology IT Solutions Market

Key Growth Metrics for Radiology IT Solutions Market

Revenue Forecast, Radiology IT Solutions Market

Revenue Forecast by Segments, Radiology IT Solutions Market

Revenue Forecast Analysis, Radiology IT Solutions Market

Product Definitions, Ancillary IT Solutions Market

Key Growth Metrics for Ancillary IT Solutions Market

Revenue Forecast, Ancillary IT Solutions Market

Revenue Forecast by Segment, Ancillary IT Solutions Market

Revenue Forecast Analysis, Ancillary IT Solutions Market

Product Definitions, Other Departmental IT Solutions Market

Key Growth Metrics for Other Departmental IT Solutions Market

Revenue Forecast, Other Departmental IT Solutions Market

Revenue Forecast by Segment, Other Departmental IT Solutions Market

Revenue Forecast Analysis, Other Departmental IT Solutions Market

Product Definitions, Enterprise Imaging IT Solutions Market

Key Growth Metrics for Enterprise Imaging IT Solutions Market

Revenue Forecast, Enterprise Imaging IT Solutions Market

Revenue Forecast by Segment, Enterprise Imaging IT Solutions Market

Revenue Forecast Analysis, Enterprise Imaging IT Solutions Market

Revenue Forecast Analysis, Enterprise Imaging IT Solutions Market (continued)

Revenue Forecast Analysis, Enterprise Imaging IT Solutions Market (continued)

Adoption Levels by Country, Enterprise Imaging IT Solutions Market

VNA—Single Source vs Best-of-Breed (US)

Growth Opportunity 1: Cloud-based Imaging Informatics to Enable Quicker Deployments and Lower Initial Investment by Hospitals

Growth Opportunity 1: Cloud-based Imaging Informatics to Enable Quicker Deployments and Lower Initial Investment by Hospitals (continued)

Willingness to Store Data in the Cloud (US Market), Medical Imaging Informatics Market

Private Cloud vs Public Cloud, Medical Imaging Informatics Market

Growth Opportunity 2: Teleradiology to Enable Radiologists to Interpret from Home and Increase their Productivity

Growth Opportunity 2: Teleradiology to Enable Radiologists to Interpret from Home and Increase their Productivity (continued)

Growth Opportunity 3: AI Integration into the Imaging Workflow is Set to Increase Efficiency and Quality of Care

Growth Opportunity 3: AI Integration into the Imaging Workflow is Set to Increase Efficiency and Quality of Care (continued)

Growth Opportunity 4: Unsustainable Costs in Healthcare to Shift the Focus on Precision Medicine and Precision Imaging

Growth Opportunity 4: Unsustainable Costs in Healthcare to Shift the Focus on Precision Medicine and Precision Imaging (continued)

Growth Opportunity 5: New Opex Business Models to Attract Small and Medium Hospitals to Adopt Modern Informatics Technology

Growth Opportunity 5: New Opex Business Models to Attract Small and Medium Hospitals to Adopt Modern Informatics Technology (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

The global medical imaging and informatics industry is undergoing rapid change with the emergence of new technologies, evolving clinical and administrative needs, and the introduction of new policies and regulations, making it necessary for industry participants to continuously innovate to maintain their competitive edge. New technologies such as Artificial Intelligence (AI) and the cloud are opening up new opportunities that did not exist a few years ago. The COVID-19 pandemic exacerbates already overstretched financial resources at healthcare institutions, prompting a drastic change in the engagement mode with vendors. With the entry of startups, competition in imaging informatics is set to intensify to such an extent that many industry leaders are competing to establish strategic partnerships with small startups to expand their solutions portfolio. Medical imaging informatics is poised to play a central role in the management of illnesses. Digitization of imaging data offers several advantages, including higher pixel information, efficient storage and retrieval, and ease in sharing images. Advances in informatics have increased the capability to exploit pixel information to automated detection, triage, and diagnosis via computer-aided technologies, e.g., computer-aided detection, computer-aided triage, and computer-aided diagnosis. The quantum of data imaging being generated is enormous. Efficient image management can create significant benefits for the institution in the form of increased efficiency, better productivity, reduced dose for patients, and a lower number of repeat examinations. Over the years, usage of Picture Archiving and Communications Systems (PACS) has given rise to large imaging datasets; however, these have been restricted by siloed and proprietary protocol-based usage, creating new unmet demand in terms of accessing and sharing the data across the hospital enterprise. The archive’s architecture is a crucial factor that enables it to store and share images across numerous platforms. Newer developments in imaging technologies such as cloud and Vendor Neutral Archives (VNA) are being designed to work with multiple vendor-agnostic platforms, paving the way for truly customized treatments based on individual patient care needs.--BEGIN PROMO--

Research Scope

The scope of the study is global and includes the analysis of 4 key segments of the imaging informatics market, namely, Radiology IT, Ancillary IT, Other Departmental IT, and Enterprise Imaging IT. The study provides an overview of the key trends in each major region—North America, Europe, the Middle East, and Africa (MENA), and Asia-Pacific. The COVID-19 pandemic forced many institutions to defer capital expenditure and investment, resulting in a drop in overall revenues.

Author: Suresh Kuppuswamy

More Information
No Index No
Podcast No
Author Suresh Kuppuswamy
Industries Healthcare
WIP Number MEF2-01-00-00-00
Keyword 1 Diagnostic Imaging Market
Keyword 2 Medical Imaging Informatics
Keyword 3 medical imaging and informatics industry
Is Prebook No
GPS Codes 9600-B1,9566-B1,9570-B1,99BE-B1,9614-B1