Uttar Pradesh, India -- (SBWIRE) -- 11/11/2019 -- A medical imaging information system can be defined as a network of software system aimed at managing medical imagery and related data. Such systems are particularly used for tracking imaging orders and billing information.

From the past few years, healthcare sector has witnessed many developments and incorporation of IT became an integral part of the healthcare ecosystems. Following the course, the global market for medical imaging information system has evolved owing to the need of centralizing and mitigating the complexities of the workflow. In recent times, the global burden of various chronic and acute diseases have increased, parallel to which the demands for diagnostics needs. It was estimated that in 2018, approximately 1,735,350 new cases of cancer were diagnosed in 2018.

Conclusively, it is attributed that increasing adoption of healthcare IT, growing prevalence of diseases, rising healthcare expenditure, and government support drives the global medical imaging information system market. However, high initial cost of implementation followed by need of training is projected to restraint the market growth.

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Thus, the global market is estimated to grow with an approximate CAGR of 5.1% during the forecast period.

On segmental backgrounds, the global medical imaging information system market is divided into modality, component, deployment, end-user and region. The modality segment is sub-segmented into magnetic resonance imaging (MRI), computed tomography (CT), X-ray, ultrasound, positron emission tomography (PET), and mammography. By component, the market has been segmented into services, software, and hardware. By deployment mode, the global medical imaging information system market is divided into web-based, cloud-based, and on premise based. By end user, the market has been segregated into hospitals & clinics, diagnostic centers, and others.

On regional basis the market has been segmented into the Americas, Europe, Asia Pacific and the Middle East and Africa. The Americas region is led the market in 2018 owing to growing prevalence of diseases, high healthcare expenditure, developed healthcare system, presence of suitable government policies and key players within the region. Followed by the Americas, Europe leads the medical imaging information system market. Asia Pacific region was estimated to be fastest growing region for the global market owing to presence of developing economies, growing healthcare infrastructure, and increasing penetration of market players within the region. On the hand, the Middle East and Africa region held the least market share in 2018, owing to the stringent government regulations and per capita healthcare expenditure, particularly in the African region. The Middle Eastern region is estimated to lead the Middle East and Africa region for the medical imaging information system market, in 2018, owing to the presence of developed economies like United Arab Emirates, Saudi Arabia, and Kuwait within the region. Moreover, government support and rising budgetary allocations for healthcare sector is estimated to boost the regional market.

Some of the major players defining having significant impact on the market growth and trends includes Epic Systems Corporation, MedInformatix, Inc., Carestream Health, Inc., Cerner Corporation, Merge Healthcare Incorporated, Allscripts Healthcare Solutions, Inc., McKesson Corporation, Koninklijke Philips N.V., Siemens AG, GE Healthcare , and others.

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