Radiomics Market to Grow with Technological Advancement During the Forecast Period
Advancing
radiology is driving the growth in Global Radiomics Market in the forecast
period, 2022-2026.
According to TechSci Research report, “Radiomics
Market - Global Industry Size, Share, Trends, Opportunity and Forecast,
2016-2026 Segmented By Modality (Magnetic Resonance Imaging (MRI), Computed
Tomography (CT), Positron-Emission-Tomography (PET), Others), By Image Type (2D
v/s 3D), By Technology (Engineered Features v/s Deep Learning), By Application
(Nuclear Medicine, Medical Imaging, Precision Medicine, Oncology, Others), By
Region”, the global radiomics market would potentially
project an impressive growth in the forecast period, 2022-2026, with an
impressive CAGR on the account of increasing number of chronic diseases. The
surge in the demand for the early diagnosis and effective understanding of the
diseases in the human body at early stage is driving the growth of the global radiomics
market in the upcoming five years. Additionally, growing government support and
increased number of genomic studies, steady decreased cost for the genomic
research and analysis are also supporting the growth of the global radiomics
market in the next five years. The global radiomics market is geared to show
exponential growth due to equipment developments, and increased application of
the same in various diseases. Applications in bioengineering and synthetic biology
is also substantiating the growth of the global radiomics market in the future
five years.
Radiology is the study that specializes in
diagnosing and treating injuries using medical imaging and equipment. These
procedures use X-rays, computed tomography, magnetic resonance imaging etc.
Radiomics is the computerized extraction of quantifiable data from radiological
images in the form of radiographical cues that are usually sub-usual. The
procedure of radiomics is quantitative imaging which is the use of algorithmic
tools to provide objective and repeatable measurements of imaging biomarkers
like size, texture, calcification, location in the organ and rate of growth.
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The global radiomics market segmentation is based
on modality, image type, technology, application, competitional landscape, and
regional distribution. Based on image type, the market is divided between 2D
and 3D images. 2D images are anticipated to hold the largest revenue shares of
the market and dominate the market segment in the upcoming five years on the
account of surging demands for the early diagnosis. The method analysis the
muscles and bone problems in the human body. Various technologies that work on
the imaging of 2 dimensional images of the body is utilized and thus aiding the
growth of the segment as well as the global radiomics market in the next five
years. 3D images are anticipated to hold the fastest growing CAGR due to
growing demand from the healthcare advancements. The 3 dimensional images allow
the diagnosticians to find out the issues more efficiently and effectively.
Non-invasive procedures of the technologies further aid the growth of the
market.
Based on application, the market is again segmented
into nuclear medicine, medical imaging, precision medicine, oncology, and
others. Precision medicine is anticipated to register fastest growing CAGR
value since the section has recent advances and applications of radiomics.
Also, with clinical decision support software, sensors, 3D printing, deep
learning, and artificial intelligence (AI) being applied in the medical
imaging, the precision medicine has vast scope for the future advancement of
global radiomics market in the upcoming five years.
Radiomics.io (Computational Imaging &
Bioinformatics Lab), Radiomics Bio (Belgium), Health Innovation Ventures (HIV),
SOPHiA GENETICS SA, HealthMyne, Inc., Oncoradiomics, ptTheragnostic, are some
of the market players holding the major shares of the global radiomics market.
Market players are actively involved in the research and technological
development in the product developments. The advanced technology has made it
possible for the industry to provide excellent services through radiomics.
Further advancement would aid the market value and brand establishment in the
future five years. New market players may focus on the research and development
to provide options that satisfies the consumer demand as well as benefits the
market players in building their brand value. Other competitive strategies
include mergers & acquisitions and new product developments.
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“North America is
anticipated to hold the largest revenue shares in the future five years. The healthcare
industry is rapidly evolving advanced methods for the development of the radio-genomics
is further aiding the potential growth of the market. Countries like United
States and Canada have dedicated research facility toward radiology and
quantitative imaging. Surging chronic diseases and the urgency of their early
diagnosis is also substantiating the growth of the market in the region. New
market players must focus on the research and technological advancement of the radiomics
such that rising consumer demands can be satisfied, and this would aid their
brand establishment in the upcoming five years,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based Global management
consulting firm.
“Global Radiomics Market
- Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented
By Modality (Magnetic Resonance Imaging (MRI), Computed Tomography (CT),
Positron-Emission-Tomography (PET), Others), By Image Type (2D v/s 3D), By
Technology (Engineered Features v/s Deep Learning), By Application (Nuclear
Medicine, Medical Imaging, Precision Medicine, Oncology, Others), By Region”, has evaluated the
future growth potential of global radiomics and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge 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 global radiomics market.
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