North America Multimodal Image Fusion Software Market to Grow at a CAGR of 7.5% to reach US$ 235.00 million from 2021 to 2028

North America Multimodal Image Fusion Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Preclinical Multimodal Imaging and Clinical Multimodal Imaging), and Application (Hospitals, Diagnostic Centers, and Academic and Research Institutes)

  • Report Code : TIPRE00027451
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 100
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The multimodal image fusion software market in North America is expected to grow from US$ 141.26 million in 2021 to US$ 235.00 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028.

Healthcare spending by government and private organizations has been increasing over the years. These high spending across the region is not only enhancing the healthcare infrastructure but also influencing the adoption of various technologically advanced solutions for improving their treatment plans and diagnostic procedures. Along with the investment in overall healthcare infrastructure, the government bodies have been assigning funds for enhancing various diagnostics processes such as magnetic resonance imaging (MRI) and computed tomography (CT) scan. Thus, the above-mentioned initiatives to promote various diagnostics processes are fueling the growth of the multimodal image fusion software market over the years.

North American countries are known for the highest acceptance for technologies, which also boosts the pace of development of new technologies in these countries. Rapid technological developments can also be attributed to favorable government policies to boost innovation and reinforce infrastructure capabilities. Thus, any impact on industries directly affects the region's economic development. The US is the world's worst-affected country by the COVID-19 outbreak, thus leading to the sudden stands still across all the industries present in the region. However, the healthcare sector in many of the North American countries has remained unaffected during the pandemic. In addition to the rising cases across countries such as the US, Canada, and Mexico, the high prevalence of diseases other than other COVID-19 has stimulated the demand for all healthcare equipment and solutions. As of 2020, there are ~5.8 million Americans living with Alzheimer’s disease.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the multimodal image fusion software market. The North America multimodal image fusion software market is expected to grow at a good CAGR during the forecast period.

 North America Multimodal Image Fusion Software Market Revenue and Forecast to 2028 (US$ Million)

 North America Multimodal Image Fusion Software Market Revenue and Forecast to 2028 (US$ Million)
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North America Multimodal Image Fusion Software Market Segmentation

North America Multimodal Image Fusion Software Market – By Type

  • Clinical Multimodal Imaging
  • Preclinical Multimodal Imaging

North America Multimodal Image Fusion Software Market – By Application

  • Hospitals
  •  Diagnostic Centers
  •  Academic and Research Institutes

North America Multimodal Image Fusion Software Market- By Country

  • US
  • Canada
  • Mexico

North America Multimodal Image Fusion Software Market-Companies Mentioned

  • aycan Medical Systems,LLC
  • Brainlab AG
  • Bruker Corporation
  • Carl Zeiss Meditec
  • FUJIFILM VisualSonics, Inc.
  • INFINITT North America Inc.
  • Intrasense SA
  • Mediso Ltd
  • MR Solutions Ltd.
  • PerkinElmer Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Multimodal Image Fusion Software Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Multimodal Image Fusion Software Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Government and Private Spending on Healthcare Infrastructure

5.1.2 Surge in Numbers of Hospital and Diagnostics Centers

5.2 Market Restraints

5.2.1 High Cost of Associated Diagnostics Equipment

5.3 Market Opportunities

5.3.1 Rising Technological Developments in Medical Imaging

5.4 Future Trends

5.4.1 Rising Prevalence of Chronic and Acute Diseases

5.5 Impact Analysis of Drivers and Restraints

6. Multimodal Image Fusion Software Market – North America Analysis

6.1 North America Multimodal Image Fusion Software Market Overview

7. North America Multimodal Image Fusion Software Market Analysis – By Type

7.1 Overview

7.2 North America Multimodal Image Fusion Software Market Breakdown, by Type, 2020 and 2028 (%)

7.3 Preclinical Multimodal Imaging

7.3.1 Overview

7.3.2 Preclinical Multimodal Imaging Market Forecast and Analysis

7.4 Clinical Multimodal Imaging

7.4.1 Overview

7.4.2 Clinical Multimodal Imaging Market Forecast and Analysis

8. North America Multimodal Image Fusion Software Market Analysis – By Application

8.1 Overview

8.2 Multimodal Image Fusion Software Market Breakdown, By Application, 2020 & 2028 (%)

8.3 Hospitals

8.3.1 Overview

8.3.2 Hospitals Market Forecast and Analysis

8.4 Diagnostic Centre

8.4.1 Overview

8.4.2 Diagnostic Centre Market Forecast and Analysis

8.5 Academic and Research Institutes

8.5.1 Overview

8.5.2 Academic and Research Institutes Market Forecast and Analysis

9. North America Multimodal Image Fusion Software Market – Country Analysis

9.1 Overview

9.1.1 North America Multimodal Image Fusion Software Market Breakdown, by Key Country

9.1.1.1 US Multimodal Image Fusion Software Market, Revenue and Forecast to 2028

9.1.1.1.1 US Multimodal Image Fusion Software Market Breakdown, by Type

9.1.1.1.2 US Multimodal Image Fusion Software Market Breakdown, by Application

9.1.1.2 Canada Multimodal Image Fusion Software Market, Revenue and Forecast to 2028

9.1.1.2.1 Canada Multimodal Image Fusion Software Market Breakdown, by Type

9.1.1.2.2 Canada Multimodal Image Fusion Software Market Breakdown, by Application

9.1.1.3 Mexico Multimodal Image Fusion Software Market, Revenue and Forecast to 2028

9.1.1.3.1 Mexico Multimodal Image Fusion Software Market Breakdown, by Type

9.1.1.3.2 Mexico Multimodal Image Fusion Software Market Breakdown, by Application

10. Impact of COVID-19 Pandemic on North America Multimodal Image Fusion Software Market

10.1 Overview

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

12. Company Profiles

12.1 aycan Medical Systems, LLC

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Brainlab AG

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Bruker Corporation

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 FUJIFILM VisualSonics, Inc.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 INFINITT North America Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Mediso Ltd

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 PerkinElmer, Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Carl Zeiss Meditec

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 MR Solutions Ltd.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Intrasense SA

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About the Insight Partners

13.2 Glossary of Terms


LIST OF TABLES

Table 1. North America Multimodal Image Fusion Software Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. North America Multimodal Image Fusion Software Market, Revenue and Forecast To 2028 – By Country (US$ Mn)

Table 3. US Multimodal Image Fusion Software Market, Revenue and Forecast to 2028 – By Type (US$ Mn)

Table 4. US Multimodal Image Fusion Software Market, Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 5. Canada Multimodal Image Fusion Software Market, Revenue and Forecast to 2028 – By Type (US$ Mn)

Table 6. Canada Multimodal Image Fusion Software Market, Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 7. Mexico Multimodal Image Fusion Software Market, Revenue and Forecast to 2028 – By Type (US$ Mn)

Table 8. Mexico Multimodal Image Fusion Software Market, Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 9. Glossary of Term: North America Multimodal Image Fusion Software Market


LIST OF FIGURES

Figure 1. North America Multimodal Image Fusion Software Market Segmentation

Figure 2. North America Multimodal Image Fusion Software Market Segmentation – By Country

Figure 3. North America Multimodal Image Fusion Software Market Overview

Figure 4. Clinical Multimodal Imaging Segment is Expected to Dominate the Market by Type

Figure 5. Hospitals Segment held Largest Market Share in 2020

Figure 6. US held Largest Market Share in 2020

Figure 7. North America PEST Analysis

Figure 8. Expert Opinion

Figure 9. North America Multimodal Image Fusion Software Market Impact Analysis of Drivers and Restraints

Figure 10. North America Multimodal Image Fusion Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. Multimodal Image Fusion Software Market Revenue Breakdown, By Type, 2020 & 2028 (%)

Figure 12. North America Preclinical Multimodal Imaging: Multimodal Image Fusion Software Market - Revenue and Forecasts to 2028 (US$ Million)

Figure 13. North America Clinical Multimodal Imaging: Multimodal Image Fusion Software Market - Revenue and Forecasts to 2028 (US$ Million)

Figure 14. North America Multimodal Image Fusion Software Market Revenue Breakdown, By Application, 2020 & 2028 (%)

Figure 15. North America Hospitals: Multimodal Image Fusion Software Market - Revenue and Forecasts to 2028 (US$ Million)

Figure 16. North America Diagnostic Centre: Multimodal Image Fusion Software Market - Revenue and Forecasts to 2028 (US$ Million)

Figure 17. North America Academic and Research Institutes: Multimodal Image Fusion Software Market - Revenue and Forecasts to 2028 (US$ Million)

Figure 18. North America Multimodal Image Fusion Software Market, by Key Country-Revenue 2020 (US$ Million)

Figure 19. North America Multimodal Image Fusion Software Market Breakdown, by Country, 2020 & 2028 (%)

Figure 20. US Multimodal Image Fusion Software Market, Revenue and Forecast, 2018–2028 (US$ Mn)

Figure 21. Canada Multimodal Image Fusion Software Market, Revenue and Forecast, 2018–2028 (US$ Mn)

Figure 22. Mexico Multimodal Image Fusion Software Market, Revenue and Forecast, 2018–2028 (US$ Mn)

Figure 23. Impact of COVID-19 Pandemic on Market in North American Countries

  1. aycan Medical Systems,LLC
  2. Brainlab AG
  3. Bruker Corporation
  4. Carl Zeiss Meditec
  5. FUJIFILM VisualSonics, Inc.
  6. INFINITT North America Inc.
  7. Intrasense SA
  8. Mediso Ltd
  9. MR Solutions Ltd.
  10. PerkinElmer Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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