India Cardiac Medical Imaging Software Market to grow with a CAGR of 7.98 %
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the India Cardiac Medical Imaging Software Market.
According
to TechSci Research report, “India Cardiac Medical Imaging Software Market Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, India Cardiac Medical Imaging
Software Market has valued at USD 20.4 million in 2023 and is anticipated to witness
an impressive growth in the forecast period with a CAGR of 7.98 % through 2029.
This can be due to collaborations and
partnerships among leading companies with a diverse approach to merge the expertise
of individual companies and to strengthen their position in the market. Preventive
cardiac care is a key driver of the demand for cardiac medical imaging software.
Preventive cardiac care involves routine check-ups and screenings to identify
risk factors for heart disease. Cardiac medical imaging software plays a
crucial role in early detection and risk assessment by providing detailed
cardiac images and measurements, allowing healthcare professionals to identify
potential issues before they become serious. Preventive care often emphasizes
non-invasive diagnostic methods to encourage patient compliance. Cardiac
imaging software supports non-invasive imaging techniques such as
echocardiography, CT angiography, and MRI, which provide detailed cardiac
assessments without invasive procedures. The availability of advanced cardiac
imaging technology and software motivates individuals to engage in preventive
care. Patients are more likely to participate in screenings and assessments
when they know that accurate and sophisticated diagnostic tools are available. Cardiac
medical imaging software allows for personalized risk assessments. Healthcare
providers can tailor preventive care recommendations based on an individual's
specific cardiac profile, optimizing the effectiveness of preventive measures. Cardiac
imaging software assists in assessing family history and genetic risk factors
for heart disease. Identifying genetic predispositions is crucial for
personalized preventive care planning.
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" India Cardiac Medical Imaging Software Market”
In October 2023, Abbott has introduced its latest
vascular imaging platform, featuring the innovative Ultreon 1.0 Software, to
the Indian market. This intra-vascular imaging software seamlessly combines
optical coherence tomography (OCT) with the capabilities of artificial
intelligence (AI), delivering a comprehensive assessment of blood flow and
obstructions within coronary arteries for physicians. The software is designed
to automatically distinguish between calcified and non-calcified blockages,
assess the severity of calcium-based obstructions, and measure vessel diameter.
Moreover, it aids in guiding precise stent placement, ensuring optimal stent
expansion, and confirming stent alignment, all with real-time results for
improved precision during coronary stent procedures. In contrast to traditional
imaging techniques like conventional angiography, this intra-vascular imaging
software employs near-infrared light to provide highly detailed, accurate
imaging from inside a blood vessel, allowing physicians to gather data, even in
complex patient anatomies. This software streamlines workflow, enabling more
precise and quicker decision-making, ultimately reducing uncertainties and
prioritizing patient care and quality of life improvement.
Rural
healthcare disparities are a challenge in the context of cardiac medical
imaging software. These disparities stem from several factors that affect rural
healthcare access and technology adoption. Many rural areas have limited access
to advanced healthcare facilities and specialized cardiac care centers. This
can result in delayed or inadequate cardiac assessments and treatments,
including the use of cardiac medical imaging software. Rural areas often face a
shortage of healthcare professionals, including cardiologists and radiologists
who are proficient in interpreting cardiac imaging results. The lack of
expertise can hinder the effective use of imaging software. Healthcare
facilities in rural areas may have an aging infrastructure and outdated
equipment, making it challenging to adopt and integrate modern cardiac imaging
software and hardware. Rural healthcare providers, including small clinics and
critical access hospitals, may have limited financial resources to invest in
expensive cardiac imaging equipment and software licenses. Rural areas may lack
adequate telehealth infrastructure and high-speed internet connectivity. This
can impede the use of telemedicine and remote consultations, which often rely
on cardiac imaging software for remote diagnostics.
India Cardiac Medical Imaging Software Market is
segmented based on Imaging Modality, Image Type, Deployment Mode, Application, End user,
and by region.
Based on the Application, India Cardiac Medical
Imaging Software Market is segmented into Assessment of Heart Anatomy &
Coronary Arteries, Coronary Calcium Scoring, Coronary CT Angiography, Others. Coronary
calcium scoring is a specialized medical imaging technique used to assess the
presence and extent of calcium deposits in the coronary arteries, which are the
blood vessels that supply the heart muscle with oxygen and nutrients. This
scoring is often performed using a non-invasive imaging method known as
coronary artery calcium (CAC) scoring or coronary calcium scan. Coronary calcium scoring is typically
performed using a computed tomography (CT) scanner, specifically a CT scanner
that can capture high-resolution images of the heart and coronary arteries.
The most common method for calculating
the coronary calcium score is the Agatston score, which considers the area and
density of calcified plaque in the coronary arteries. Higher Agatston scores
indicate a greater burden of calcium deposits. The coronary calcium score is used as a risk assessment tool. It helps
healthcare providers and cardiologists gauge a patient's risk of developing
coronary artery disease (CAD) and experiencing cardiovascular events like heart
attacks or strokes.
Based on Region, North India held the largest share in the India Cardiac Medical Imaging Software
Market. The government of India has launched several healthcare
initiatives, and many central government institutions are in North India. These
initiatives often promote the adoption of advanced medical technologies in the
region. The northern region is densely populated, with a significant patient
base. This population density contributes to a higher demand for healthcare
services, including cardiac imaging, which, in turn, drives the market. Leading
healthcare and technology companies often establish a strong presence in major
cities of North India, leading to better market penetration and access to
potential customers. The northern region is home to a substantial number of
skilled healthcare professionals, including cardiologists and radiologists.
Their expertise and the availability of advanced tools like cardiac imaging
software make the region a center for cardiac care.
Some
of the major companies operating in the India
Cardiac Medical Imaging Software Market include:
- Siemens
Healthineers India
- Zebra
Medical Vision (Medsynaptic Pvt Ltd)
- Pie
Medical Imaging (Meril India)
- Carestream
Health India Pvt. Ltd.
- Wipro
GE Healthcare Pvt. Ltd.
- Philips
India Ltd.
- Evertech
Software Private Ltd.
- Lumedex
Healthcare Technologies Pvt. Ltd.
- Fujifilm
India Private Ltd.
- IBM
India Private Ltd
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“Certain areas, particularly in North
America, are projected to exert significant demand for Cardiac Medical Imaging
Software. The growth in the competitive landscape and the presence of
well-established companies in the market, committed to enhance the overall
wellbeing of people each year, are expected to contribute to a remarkable
growth of the India Cardiac Medical Imaging Software Market in the forecast
period," said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based Global management consulting firm.
India Cardiac
Medical Imaging Software Market by Imaging Modality (CT scan, MRI, Ultrasound Imaging,
Radiography Imaging, Others), By Image Type (2D Imaging, 3D Imaging, 4D
Imaging), By Deployment Mode (On-Premises v/s Cloud), By Application
(Assessment of Heart Anatomy & Coronary Arteries, Coronary Calcium Scoring,
Coronary CT Angiography, Others), By End User (Hospitals & Clinics,
Diagnostic Centers, Others), By
Region, By Competition Forecast
& Opportunities, 2019-2029F has
evaluated the future growth potential of India Cardiac Medical Imaging
Software Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide innovative market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in India Cardiac Medical
Imaging Software Market.
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