Market Size –
The computer vision in healthcare market size has grown exponentially in recent years. It will grow from $1.51 billion in 2023 to $2.21 billion in 2024 at a compound annual growth rate (CAGR) of 47.1%. The growth in the historic period can be attributed to increased availability of healthcare data, regulatory support, improved processing power, diagnostic accuracy enhancement, .
The computer vision in healthcare market size is expected to see exponential growth in the next few years. It will grow to $10.63 billion in 2028 at a compound annual growth rate (CAGR) of 48.0%. The growth in the forecast period can be attributed to predictive analytics in radiology, global health crisis response, human-centric design, point-of-care imaging solutions, . Major trends in the forecast period include medical imaging enhancement, disease detection and diagnosis, surgical assistance and robotics, drug discovery and development, interoperability and integration..
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Scope Of Computer Vision in Healthcare Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The adoption of AI-based technologies in healthcare is driving the growth of the computer vision in healthcare market. Artificial intelligence is the ability of a machine to perform the tasks that are normally carried out by humans. A-based technologies in computer vision include natural language processing (NLP), which enables computers the ability to understand text and spoken words in much the same way human beings can. For instance, in July 2022, according to the ACR Data Science Institute, a US-based institute involved in developing a framework for the implementation of machine learning in the radiological professions, approximately 30% of radiologists use AI clinically in current practice to enhance the radiology imaging process. Thus, the adoption of AI-based technologies is driving the adoption of computer vision in the healthcare market growth.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The computer vision in healthcare market covered in this report is segmented –
1) By Product: Software, Hardware, Network, Memory
2) By Application: Medical Imaging & Diagnostics, Surgeries, Clinical Trials, Patient Management and Research
3) By End Users: Healthcare Providers, Diagnostic Centres
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Regional Insights –
Europe was the largest region in the computer vision in healthcare market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the computer vision in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the computer vision in healthcare market report are NVIDIA Corporation, International Business Machines Corporation (IBM), Alphabet Inc., Microsoft Corporation, Intel Corporation, Basler AG, AiCure Technologies Inc., iCAD Inc., Xilinx Inc., Arterys Inc., Comofi Medtech Pvt. Ltd., SenseTime Technologies Limited, Maxicareb Healthcare Corporation, Thunderpod Inc., GE Healthcare Technologies Inc., Koninklijke Philips N. V., Siemens AG, Butterfly Network Inc., Caption Health Inc., CureMetrix Inc., Enlitic Inc., Freenome Holdings Inc., Gauss Surgical Inc., Hologic Inc., IDx Technologies Inc., Imagen Technologies Inc., Kheiron Medical Technologies Ltd., MaxQ AI Ltd., Medopad Ltd., Paige. AI Inc., Proscia Inc., Riverain Technologies LLC, Viz. ai Inc., Zebra Medical Vision Ltd., Aidence B. V., Deep Lens Inc., EnsoData Inc., Fovia Inc., G42 Healthcare LLC, GNS Healthcare Inc., HealthMyne Inc., HeartFlow Inc., IDentify-It Limited, Image Analysis Group LLC, Infinitt Healthcare Co. Ltd., Kinetica Inc., Lunit Inc.
Table of Contents
1. Executive Summary
2. Computer Vision in Healthcare Market Report Structure
3. Computer Vision in Healthcare Market Trends And Strategies
4. Computer Vision in Healthcare Market – Macro Economic Scenario
5. Computer Vision in Healthcare Market Size And Growth
…..
27. Computer Vision in Healthcare Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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