Medical Imaging Displays and Post Processing Software Global Market Report 2024

The global medical imaging displays and post processing software market has grown rapidly in recent years. It will grow from $5.05 billion in 2023 to $5.81 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth observed in the historic period can be attributed to several factors, including the increasing incidence of chronic diseases, a rise in diagnostic imaging procedures, a heightened focus on patient-centric care, the necessity for precision medicine, the expanding aging population, and the ongoing digitalization of healthcare services.

The global medical imaging displays and post processing software market is expected to see rapid growth in the next few years. It will grow to $10.05 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The anticipated growth in the forecast period is driven by a focus on improving diagnostic accuracy, refining user interfaces, and enhancing workflow efficiency within medical imaging. Factors contributing to this growth include responses to global health emergencies, the adoption of personalized medicine approaches, and the emphasis on interoperability with health information systems. Key trends expected during this period encompass advancements in display technology, a shift towards high-resolution 3D imaging, the integration of artificial intelligence into imaging processes, the utilization of mobile medical imaging displays, the expansion of remote viewing and teleradiology capabilities, the importance of color calibration and consistency in imaging, and the pursuit of cross-platform compatibility in medical imaging systems.

The digitization of medical imaging is forecasted to drive the expansion of the market for medical imaging displays and post-processing software. This shift involves converting analog information into computer-compatible digital formats. These technologies empower the transformation of extensive data into actionable insights, fostering more precise diagnoses, personalized treatments, and improved patient satisfaction. Notably, in September 2020, a report by the UK's National Health Service England highlighted 40.4 million imaging tests between June 2019 and May 2020, with 1.91 million tests in May 2020. This widespread digitization fuels the growth of medical imaging displays and post-processing software.

The growing demand for healthcare services is anticipated to propel the expansion of the market for medical imaging displays and post-processing software. As healthcare services continue to evolve and broaden, there's an increased need for advanced and precise medical imaging technologies. For instance, statistics from the 2022 State of Healthcare Industry in the US illustrate that healthcare accounts for over 26% of the country's GDP, highlighting the immense demand. Consequently, this surge in healthcare services is a significant driver of the medical imaging displays and post-processing software market.

Technological innovations stand out as a prominent trend fueling the growth of the medical imaging displays and post-processing software market. Leading companies in this sector are harnessing cutting-edge technologies such as artificial intelligence (AI), augmented reality (AR), virtual reality (VR), 3D printing, cinematic rendering, and digital twin technology. AI, in particular, is revolutionizing diagnostics within medicine by analyzing complex data through computerized algorithms. Notably, in November 2021, Philips introduced an AI-driven innovation in MR imaging, enhancing diagnostic quality and streamlining radiology operations. Such advancements by healthcare firms are driving greater efficiency in the utilization of medical imaging displays and post-processing software.

Key players in the medical imaging displays and post-processing software market are focusing on product innovations like medical imaging monitors to maintain their competitive edge. These monitors play a crucial role in healthcare, enabling practitioners to review and evaluate medical images for accurate diagnoses and treatments. For example, in June 2022, JVC unveiled the CL-R813, a 32-inch medical imaging monitor with features like an 8-megapixel display for various applications, a slim design with a narrow bezel, a built-in sensor, and DisplayPort Daisy Chains. This single device consolidates multiple medical monitors, enhancing productivity, reducing strain on doctors reviewing diagnostic images, and optimizing workspace efficiency.

In April 2021, Siemens Healthineers AG, a leading German medical device company, completed the acquisition of Varian Medical Systems Inc. This strategic move aimed to meet the increasing need for personalized, data-centric cancer diagnostics and precision care in response to the global surge in cancer cases. Siemens Healthineers boasts the most extensive portfolio in the MedTech sector, positioning the company for substantial value creation. Varian Medical Systems Inc., based in the United States, specializes in manufacturing medical devices and software, including medical imaging display and post-processing software.

Major companies operating in the medical imaging displays and post processing software market report are Carestream Health, Esaote SpA, General Electric Company, Softneta, mediCAD Hectec GmbH, Siemens Medical Solutions USA Inc., Hitachi Ltd., Koninklijke Philips NV, Shimadzu Corporation, 3dMD, Alma Medical Imaging, Barco NV, EDDA Technology Inc., Hologic Inc., MEDIAN Technologies, Nemotec Medical Imaging Inc., Owandy Radiology, Emedica Health Inc., Medecom Medical Systems Inc., Vieworks Co. Ltd., Planmed Oy, Accuray Incorporated, Agfa Healthcare NV, Canon Medical Systems Corporation, Fujifilm Holdings Corporation, Merge Healthcare Inc., Sectra AB, Toshiba Medical Systems Corporation, Vital Images Inc., NEC Corporation

North America was the largest region in the medical imaging displays and post processing software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical imaging displays and post processing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medical imaging displays and post processing software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

In the realm of medical imaging, specialized displays and software play a pivotal role. These displays are instrumental during surgeries, facilitating the processing, storage, and presentation of medical images. They enable professionals to examine images generated by various modalities, including x-ray, CT, ultrasound, MRI, SPECT, and PET. Moreover, these technologies offer a range of image types - 2D, 3D, and 4D - that find application across medical, commercial, and academic domains.

This report provides medical imaging displays and post processing software market statistics, including medical imaging displays and post processing software industry global market size, regional shares, competitors with a medical imaging displays and post processing software market share, detailed medical imaging displays and post processing software market segments, market trends and opportunities, and any further data you may need to thrive in the medical imaging displays and post processing software industry. This medical imaging displays and post processing software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The medical imaging displays and post-processing software market includes revenues earned by entities by CAD Software and 3D CAD software. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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