Overview and Scope
AI-enabled X-ray imaging solutions refer to the integration of artificial intelligence (AI) technology with X-ray imaging systems to enhance the acquisition, interpretation, and analysis of X-ray images in medical imaging practice. These solutions leverage advanced algorithms to analyze X-ray images quickly and accurately, aiding in the detection, classification, and interpretation of abnormalities or objects of interest.
Sizing and Forecast
The AI-enabled X-ray imaging solutions market size has grown rapidly in recent years. It will grow from $1.92 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to regulatory approvals, a rise in healthcare costs, increased demand for diagnostic accuracy, an increased shortage of radiologists, and an aging population.
The AI-enabled X-ray imaging solutions market size is expected to see rapid growth in the next few years. It will grow to $3.54 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to integration with electronic health records, adoption of value-based care models, expanding applications in telemedicine, the emergence of AI-enabled triage systems, and demand for personalized medicine. Major trends in the forecast period include continued growth in AI-enabled diagnostic accuracy and efficiency, integration of AI with other imaging modalities beyond X-ray, development of AI-driven predictive analytics, and focus on regulatory standards and ethical considerations in AI implementation.
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Segmentation & Regional Insights
The AI-enabled X-ray imaging solutions market covered in this report is segmented –
1) By Product: Software, Hardware
2) By Mode Of Deployment: Cloud-Based And Web-Based, On-Premises
3) By Workflow: Detection, Image Acquisition, Image Analysis, Diagnosis And Treatment Decision Support, Triage, Predictive Analysis and Risk Assessment, Reporting And Communication
4) By Application: General Radiology, Specialty Radiology
North America was the largest region in the AI-enabled X-ray imaging solutions market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the aAI-enabled X-ray imaging solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing demand for personalized medicine is expected to propel the growth of the AI-enabled X-ray imaging solutions market. Personalized medicines, also known as precision medicine, are a category of medical treatments and therapies that are tailored to the specific characteristics of individual patients. The demand for personalized medicine increases because of advancements in genomic research, increased understanding of disease heterogeneity, and technological innovations. Personalized medicine enhances the role of AI-enabled X-ray imaging solutions by customizing healthcare interventions, treatment strategies, and imaging protocols to the individual characteristics and needs of each patient. For instance, in October 2022, according to the Personalized Medicine Coalition (PMC), a US-based organization that promotes the understanding and adoption of personalized medicine, there were more than 75,000 genetic testing products and 300 personalized medicines. Further, in 2023, the FDA (the United States Food and Drug Administration), a US-based federal agency, approved new drugs, of which 38% were personalized medicines. Therefore, the growing demand for personalized medicine is driving the growth of the AI-enabled X-ray imaging solutions market.
Key Industry Players
Major companies operating in the AI-enabled X-ray imaging solutions market are Samsung Electronics Co. Ltd., General Electric Company, International Business Machines Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., Agfa-Gevaert NV, Carestream Health Inc., Fujifilm Healthcare Americas Corporation, Canon Medical Systems Corporation, Lunit Inc., Infervision Medical Technology Co. Ltd., Behold AI Technologies Limited, DeepTek.ai Inc., Quibim S.L., Enlitic Inc., Thirona BV, Arterys Inc., AI Technologies Limited, Konica Minolta Inc., Vuno Co. Ltd., Zebra Medical Vision Inc., Radiobotics APS, Digitec Innovation Srl, Imagen Technologies Inc.
The ai-enabled x-ray imaging solutions market report table of contents includes:
1. Executive Summary
2. AI-Enabled X-Ray Imaging Solutions Market Characteristics
3. AI-Enabled X-Ray Imaging Solutions Market Trends And Strategies
4. AI-Enabled X-Ray Imaging Solutions Market – Macro Economic Scenario
5. Global AI-Enabled X-Ray Imaging Solutions Market Size and Growth
…..
32. Global AI-Enabled X-Ray Imaging Solutions Market Competitive Benchmarking
33. Global AI-Enabled X-Ray Imaging Solutions Market Competitive Dashboard
34. Key Mergers And Acquisitions In The AI-Enabled X-Ray Imaging Solutions Market
35. AI-Enabled X-Ray Imaging Solutions Market Future Outlook and Potential Analysis
36. Appendix
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