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Key Players in the Medical Image Management Market Pursue product launches and upgrades; agreements, collaborations, and partnerships; and expansions as their Key Growth Strategies to Hold Market Position
Prominent players in the Medical Image Management market include McKesson Corporation (U.S.), GE Company (U.S.), Fujifilm Holdings Corporation (Japan), Merge Healthcare Inc. (IBM Corporation) (U.S.), Agfa-Gevaert Group (Belgium), Philips Healthcare (Royal Philips Electronics)(The Netherlands), Siemens Healthcare (Siemens AG)(Germany), Carestream Health, Inc. (Onex Corporation) (U.S.), BridgeHead Software (U.K.), and Novarad Corporation (U.S.).
The Medical Image Management market is highly competitive with many big players. McKesson Corporation, a leading provider of PACS and VNA solutions. McKesson’s product portfolio consists of ‘McKesson Radiology’, a departmental PACS solution for radiology and Conserus Image Repository, a VNA solution among others. As part of its growth strategy, McKesson focuses on product launches to increase its market share in the medical image management market. In 2015, the company reported an increase in its R&D expenditure for its healthcare division. Its expenditure on R&D was USD 7,901 million in 2015; an increase of USD 2,513 million over that of the previous year. This increase can be attributed to the company’s growing focus on launching innovative products such as Conserus in April 2015.
GE Health (U.S.) is another leading provider of image management solutions. The company’s strengths lie in its technological expertise, vast market presence across the globe, and robust portfolio. To further strengthen its product portfolio and market presence, the company focuses on product launches, expansions, and collaborations as its key growth strategies. In accordance with this, the company expanded its Healthcare IT Centre of Excellence in Szeged, Hungary in June 2015 and introduced the GE Health Cloud in November 2015.
The key strategies followed by most companies in the Medical Image Management market are product launches and upgrades; agreements, collaborations, and partnerships; expansions; acquisitions; and others (including approvals and certifications). Among all growth strategies adopted by market players, product launches and upgrades accounted for the largest share of the overall growth strategies mapped from 2013 to 2016. Some leading players adopting these strategies include McKesson Corporation (U.S.), GE Company (U.S.), Merge Healthcare Inc. (U.S.), Agfa-Gevaert Group (Belgium), Philips Healthcare (Netherlands), Carestream Health, Inc. (U.S.), BridgeHead Software (U.K.), and Novarad Corporation (U.S.).
Medical Image Management Market by Product (PACS (Departmental (Radiology, Cardiology), Enterprise), VNA (On-premise, Hybrid, Cloud, Multi-department, Multi-site, ISV), AICA) & End user (Hospitals, Diagnostic Imaging Centers, ASC, CRO) - Forecasts to 2021
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