Check out the Medical Image Analysis market in the software industry environment

The software industry growth is tremendous and it just keeps evolving round the clock. One of the latest in the software environment is the medical image analysis software market that’s expected to reach $3,135.3 Million by 2020. A lot of factors drive the growth of the market, which include the growing public and private sector investments, advancements in technology, fast growth in the aging population, imaging technologies fusion, growing apps of CAD or computer-aided diagnosis, growing incidences of chronic diseases and the growth of the use of imaging equipment. On the one hand, growing hacking-related risks associated with using medical software and equipment, financial hindrance4s and dearth of skilled professionals are the main factors that restrain the growth of the market.

MEDICAL IMAGE SOFTWARE INDUSTRY ANALYSIS MARKET

The medical image analysis software market is segmented according to the type of software, image type, application, modality, region and end user. Based on the kind of software, the market is segmented to standalone as well as integrated software. The standalone segment is expected to witness considerable growth, in the forecast period, since the software offers easy-to-use tools and high flexibility for inspecting, evaluating and processing imaging data.

Medical imaging is both a technique and process of creat5ing visual representations of the physiological and anatomical functions that take place in the human body. Depending on what technique is used in the analysis of muscles, bones and organs. Together with the physiological and anatomical functions of the body, the study of the growth of a tumor, its movement and other abnormalities could also be detected with the aid of medical imaging. The software that’s used in the devices for analysis and creation of image is paramount. The research is the result of the combination of primary and secondary research, done for understanding and arriving at trends which are used for forecasting the revenue expected of the medical image analysis software market in the future. Prime research formed the bulk of the research efforts with collected information, in-depth interviews and discussions with several key industry experts as well as opinion leaders. Secondary research involved the study of annual reports, company websites, press releases, yearly reports, analyst presentation, investor presentations and different national and international databases.

The report yields an estimated market size in terms of US dollars for every software type, modality, imaging type, end user, applica5tion and geography between 2014 and 2024, taking into consideration the macro and micro environmental factors. The generated revenue from every product was calculated by taking into account sever5al products used in procedures as well as their market demand per use, rate of disease prevalence, several product launched, annual revenue gained by products of every sub segment, industry trends, end user trend and the production rate across all geographies.

The medical image analysis software market by app is segmented into orthopedic, cardiology, oncology, nephrology, neurology, gynecology, dental and others in terms of end users. The medical image analysis software industry is segmented into clinics, hospitals, research and academic institutions, ambulatory surgical centers, diagnostic centers. Based on geography, the market of the medical image analysis software is segmented into regions such as the regions of Asia Pacific, both North and Latin America, the Middle East, Europe and Africa.
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The market has been designated in the following:

BY SOFTWARE TYPE

• Integrated
• Standalone

BY IMAGING TYPE

• 2D imaging
• 3D imaging
• 4D imaging

BY MODALITY

• CT
• PET
• MRI
• SPECT
• Radiographic imaging
• Ultrasound
• Other modalities

BY APPLICATION

• Cardiology
• Oncology
• Orthopedic
• Neurology
• Gynecology
• Dental
• Nephrology
• Others

BY END USERS

• Clinics
• Hospitals
• Diagnostic centers
• Research and academic institutes
• Ambulatory surgical centers

BY GEOGRAPHY

• US
• North America
• Canada
• Brazil
• Latin America
• Mexico
• Rest of Latin America
• Europe
• Germany
• UK
• Spain
• France
• Italy
• Rest of Europe
• Asia Pacific
• Japan
• India
• Australia
• China
• New Zealand
• Rest of Asia Pacific
• Africa and Middle East
• Saudi Arabia
• South Africa
• UAE 

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The market share analysis among the market players is analyzed to signify the players’ contribution in the market when it comes to percentage share. All the factors help the market players decide on business plans and strategies to strengthen their positions in the worldwide market. Geography based, the market has been analyzed for major regions. Also, the study covers a comprehensive country analysis mainly contributing in the medical image analysis software market. Moreover, the report profiles major players in the market as well and offers different attributes, like financial overview, the overview of the organization, portfolio of product, business strategies as well as recent developments. Key companies that are profiled in the medical image analysis software market include Siemens, GE Healthcare, Agfa-Gevaert N.V., Healthineers, Pie Medical Imaging, Hologic Inc., AQUILAB, Medical Cybernetics, Inc., ScienceSoft USA Corp., Merge Healthcare Incorporated and many more.

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How to deliver Software Development Projects on time?

Project Delivery is one of the vital approaches when it comes to the software development. Delivering the software applications is just not that easy when the scope and timelines are significant. But if you adopt to the below mentioned guidelines from the article you might find it easy to deliver the software projects on time.

 

In order to deliver the software projects across the myriads of the offerings, the concept of “time” is highly important. It consists of two concerns (a) scope (b) delivery date. When it comes to “on time” there has to be an expectation of what will be delivered and when it will be delivered. Have a look on some common insights, which can help you to tighten up the project delivery on the delivery date.

How we get it wrong

Delivering a project on time is a highly simple concept, and there are many things to care about so that the software project manager and developers don’t adopt the wrong path. The concept of the waterfall model has decreased to the considerable rate. This method solves all the unknown certainties through the planning and estimation. The waterfall model predicts that “the client’s project will be delivered exactly after certain period says 20 months for 10 million dollars. The project would include all the scope highlighted in the document.” This followed approach is called the iron triangle of software development, which is more an afoul concept that demonstrates the more you fix one concern, it would keep winding you with another issue. The waterfall model is planning harder to fix the issue until you get them all right. 

But the question is, “is this possible”? Consider the concept of “on time” it has 2 concerns a) scope b) delivery date, but the cost is disabled here. Hence it leads to failure in a much predictable way. This approach runs afoul with the software known as “Brooks’ law” adding manpower to a late software project makes it later.

If Iron Triangle and Brook’s law have the words of wisdom our target date would surely give us a break. According to the scenario, 2 things can be planned either to overspend dramatically from day1 or, we must define the delivery date that can hit the realistically.

It is better to understand different softare development methodologies and its pros and cons to identify the right method for different kind of software development projects.

How to make this work and deliver the project on time

There are some of the major criteria’s to look for the delivery project on time. For starters who are facing the issues in delivery time, need to understand deeply on how your software would help the customers. Just accepting the SRS documents from the client is just not enough for the timely delivery of the software. To understand how to get creative with the scope means understanding must be at the profound level.

Choose a software development company that best meets business requirements

If the software that a company or business uses is outdated, no longer fit the purpose and inefficient, it may be time to seek the services of a new software development company. The development could not happen without clearly defined and well-structured sets of business software requirements, as the work in essence is a process of meeting needs and resolving problems. Consequently, the development of the success would greatly depend on the effort and time one dedicates to the process.

Software development companies are abundant as IT continues to be a growing industry in the area. When it comes to choosing the right one, the following are some tips that could help out.

1. Technical excellenceThis is certainly vital to ensure good service from the partnership and crucial to ascertain that the product is exactly what the organization needs. Innovation is another factor to consider, such as if the program development company is up with the very latest development and pushing the boundaries of what is possible.

2. Business acumen

Any partnership in business requires a similarly capable service provider to benefit without major drawbacks. Choose a software development company that has good business brain, wherein the latest developments in customer service are integrated into the business model and the staff is well looked after and very productive.

3. Commitment

Nothing is worse than finding a freeware service vendor that seems appropriate only to discover that the service delivery is just not there. Commitment to the clientele and the projects is highly important for any software vendor, especially if the project is likely to be complicated or a bit out-of-the-box.

4. Efficiency

While an organization may have the best plan in place for developing software, with a timeline and goals, but if the vendor does not efficiently perform then all this is going to go down the drain. This has implications not just with respect to timing but the costs as well. The longer a project takes time to finish, the more inefficiently it is handled, the more the final cost would be much higher.

5. Flexibility

This would be more important for some projects. If the task requirements depend on integration with other software or hardware pieces designed by other vendors, a flexible approach may be needed to achieve thorough compatibility. A broad skill set and knowledge would help as well as experience on a wide range of projects.

6. Stability

If there is a need for ongoing support for the software or for further development in future, a company would want to get in touch with the same vendor again to quote for it. It is necessary to assess the financial standing of the firm.

In truth, it isn't hard to choose the right software development company or vendor among the hundreds of service providers worldwide as long as one has done thorough research and evaluation. A company with CMMI certification, focus on technical excellence, standard processes and expert software developer team and commitment to the clientele, will outshine lesser vendors and service providers each time.