Medical imaging is the most significant and fundamental aspect of the diagnostic processor examinations. MRI scanners, CT scanners, ultrasound scanners, and other radiological instruments are used in the diagnostic process. There have been significant advancements in medical technology and imaging instruments over the last two decades. Moreover, the use of artificial intelligence (AI) in devices such as CT scanners, MRI scanners, and ultrasound scanners has also advanced the diagnostic industry, with improved diagnosis and treatment data analysis. Advancements such as the use of optical semiconductors technology for color projectors in imaging techniques and for ultrasound, and the use of 3D metamaterial to obtain high resolution and accurate images are expected to fuel the market growth during the forecast period. Further, the integration of radiology systems (RIS), picture archiving, and communication systems (PACS) systems that allow data collection in cloud systems are the latest technology in diagnosis. This also allows for the extraction of data from the procedure and clinical data for analytics and impressive reports. Thus, the constant technological advancements in the medical imaging sector are expected to influence the adoption of multimodal image fusion software across hospitals and diagnostics centers for better analysis of patient’s conditions, thereby contributing to the market growth during the forecast period.
The COVID-19 pandemic has severely impacted APAC due to wide disease spread; countries in this region are among the highly populated countries in the world, which leads to the greater risk infection spread. Many global brands and technological companies are headquartered in the region. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. Governments of APAC countries are taking several possible steps to reduce the effect of pandemic; these efforts include the imposition of lockdown, which has been impacting revenues of various businesses. China and India are among the leading manufacturing sectors in the region, and they are also among highly affected countries in the region. Although the pandemic has negatively impacted several businesses in the region, the healthcare sector has been progressing at an uninterrupted pace (apart from the COVID-19 treatment centers, which experienced a high demand owing to the constantly rising cases). The region homes the two most populated countries of the world, China, and India, which also report rising prevalence of acute diseases such as heart diseases and Alzheimer’s disease, with the growing populations.
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 APAC multimodal image fusion software market is expected to grow at a good CAGR during the forecast period.
APAC Multimodal Image Fusion Software Market Revenue and Forecast to 2028 (US$ Million)