Overview and Scope
Artificial intelligence (AI) in medical imaging refers to the use of artificial intelligence algorithms to analyze medical images and provide quantitative assessments of radiographic characteristics. AI can help automatically identify and categorize pulmonary nodules as benign or malignant, which is lifesaving in many patients. AI can also be used to make diagnostic predictions for brain tumors and automate radiation treatment planning.
Sizing and Forecast
The artificial intelligence in medical imaging market size has grown exponentially in recent years. It will grow from $2.6 billion in 2023 to $3.42 billion in 2024 at a compound annual growth rate (CAGR) of 31.7%. The growth in the historic period can be attributed to rising demand for ai-powered ct, the rise in the prevalence of cancer, increasing adoption of cloud computing, the rising geriatric population, the implementation of favorable government initiatives..
The artificial intelligence in medical imaging market size is expected to see exponential growth in the next few years. It will grow to $10.02 billion in 2028 at a compound annual growth rate (CAGR) of 30.8%. The growth in the forecast period can be attributed to increasing attention to lessen radiologists workload, the rising geriatric population, growing investment, rising demand for the influx of large and complex datasets, increasing demand for ai-powered ct.. Major trends in the forecast period include computer vision techniques enable ai algorithms to analyze medical images, technology advancement of deep learning, product innovations like nuclear medicine, technologies such as ultrasound systems, magnetic resonance imaging product innovation.
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Segmentation & Regional Insights
The artificial intelligence in medical imaging market covered in this report is segmented –
1) By Modality: Computed Tomography (CT) Scan, Magnetic Resonance Imaging (MRI), X-rays, Ultrasound, Nuclear Imaging
2) By Technology: Deep Learning, Natural Language Processing (NLP), Other Technologies
3) By Application: Neurology, Respiratory and Pulmonary, Cardiology, Breast Screening, Orthopedics
4) By End-Use: Hospitals, Diagnostic Imaging Centers, Other End-Users
North America was the largest region in the AI in medical imaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in medical imaging 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
Growing imaging modalities are expected to propel the growth of AI in the medical imaging market going forward. Imaging modalities refer to the different medical imaging techniques used to visualize the body for diagnostic and therapeutic purposes. AI algorithms are used in medical modalities to assist in image reconstruction, noise reduction, and artifact correction, leading to clearer and more accurate CT images. For instance, in July 2022, according to the National Health Service, a UK-based government department, 43.3 million imaging tests were reported in England in the 12 months from April 2021 to March 2022. Further, around 3.67 million imaging tests were reported to have taken place in March 2022. Therefore, the growing imaging modality is driving the growth of AI in the medical imaging market.
Key Industry Players
Major companies operating in the artificial intelligence in medical imaging market report are Google LLC, Microsoft Corporation, IBM Watson Health, Intel Corporation, NVIDIA Corporation, Siemens Healthineers, Koninklijke Philips N.V, GE Healthcare, Agfa-Gevaert Group/Agfa HealthCare, Aidoc Medical, Arterys Inc., Lunit Inc., Butterfly Network Inc., Digital Diagnostics Inc., Caption Health Inc., EchoNous Inc., Covera Health Inc., Nanox Imaging LTD., AZmed, InformAI LLC, Avicenna AI, ImageBiopsy Lab, Nucleai, Icometrix NV., Gleamer
The artificial intelligence in medical imaging market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence in Medical Imaging Market Characteristics
3. Artificial Intelligence in Medical Imaging Market Trends And Strategies
4. Artificial Intelligence in Medical Imaging Market – Macro Economic Scenario
5. Global Artificial Intelligence in Medical Imaging Market Size and Growth
…..
32. Global Artificial Intelligence in Medical Imaging Market Competitive Benchmarking
33. Global Artificial Intelligence in Medical Imaging Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence in Medical Imaging Market
35. Artificial Intelligence in Medical Imaging Market Future Outlook and Potential Analysis
36. Appendix
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