Business Models for AI in Medical Imaging - Signify Research

Until fairly recently, most medical image analysis software was workstation-based and sold with a perpetual (one-time) software licence. However, with the introduction of cloud-based AI solutions, subscription and fee-per-study models are becoming more prevalent and are forecast to account for an increasing share of the market in the coming years – see chart below. Subscription models are typically preferred by vendors as they create sustainable, recurring revenue streams. Whilst the general trend is towards software-as-a-service (SaaS) licencing models, this does not necessarily mean the end of the perpetual licence, and for some customers this is still the best option. SaaS models replace the upfront capital outlay of buying software licences with ongoing subscription or adhoc fee-per-study payments.