Global Ultrasound Image Analysis Software Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Integrated and Standalone), By Product Type (2D Ultrasound, 3D & 4D Ultrasound, and Doppler Imaging), By Application (Orthopedic, Dental, Cardiology, Oncology, Nephrology and Urology, and Others), and Region Forecast 2019-2030

Ultrasound Image Analysis Software Market size was valued at US$ 879.3 million in 2023 and is anticipated to grow at a CAGR of 9.7% from 2024-2030. Ultrasound image analysis software refers to advanced software that provides physicians with tools to process ultrasound images and analyze sonographic characteristics, thereby assisting them in making more confident diagnostic decisions.

The rising chronic disorders across the globe are significant drivers of the increased revenues of the market. As the burden of chronic diseases rises, the demand for advanced ultrasound-based diagnostic imaging techniques rises. Ultrasounds are effectively used to find a lump or tumor, hepatic fatty infiltration, musculoskeletal conditions, circulatory system, and others. To analyze the images generated from the ultrasound, the medical sector is using several software that can be integrated easily with the ultrasound machine and equip the physicians with features such as video capturing, image viewer and post-processing, reports, and others to efficiently diagnose the condition. These beneficial features of the software increase its demand, which in turn drives the growth of the market.

Furthermore, advancements in ultrasound imaging technology is another significant driver behind the sales of ultrasound image analysis software. Ultrasound technology is evolving constantly, which creates new opportunities for developing new research, diagnostics, and treatments in the medical field. Recent developments in ultrasound imaging such as increased automation, use of AI, use of 3D and other advanced visualization and hand-held devices have necessitated the use of advanced software solutions to provide the diagnosis and treatment effectively. For instance, the latest 4D Sonography software enables the features that create a 3D image in real-time, giving sonographers an unprecedented look at a patient's anatomy at the moment. This technological development has increased the sales of ultrasound image analysis software, which in turn drives the market growth.

However, the high initial investment in ultrasound image analysis software stands as a potential restraint to the market growth. Meanwhile, the rising investments by the government and rising collaboration among the healthcare sectors and software developing companies across the globe can create significant opportunities for the growth of the market over the forecasted years. The key players in the market are further contributing to the development of the market by announcing launches, collaborations, and acquisitions. For instance, in May 2023, Philips Healthcare Imaging announced to acquire DiA Imaging Analysis to expand its service offerings.

Key Developments

• In February 2023, DiA Received FDA approval for New AI Software, LVivo IQS, for ultrasound users to capture high-quality images.