The Computer Vision in Healthcare by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Computer Vision in Healthcare, 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..
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.
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The computer vision in healthcare market covered in this report is segmented –
1) Computer Vision in Healthcare Market By Product: Software, Hardware, Network, Memory
2) Computer Vision in Healthcare Market By Application: Medical Imaging & Diagnostics, Surgeries, Clinical Trials, Patient Management and Research
3) Computer Vision in Healthcare Market By End Users: Healthcare Providers, Diagnostic Centres
Top Major Players
International Business Machines Corporation (IBM)
Major companies operating in computer vision in the healthcare market are increasing their focus on introducing advanced validation software to gain a competitive edge in the market. Validation software is a computer program or application designed to verify and ensure that a particular process, system, or software complies with established standards and regulations. For instance, in March 2023, Landing AI, a US-based computer vision cloud platform, launched the world’s first validation-ready computer vision software for FDA-regulated manufacturers. This software is designed to speed up innovation for life-enhancing drugs and medical devices in the medical device, pharmaceutical, and life sciences industries.
The computer vision in healthcare market report table of contents includes:
1. Executive Summary
2. Computer Vision in Healthcare Market Characteristics
3. Computer Vision in Healthcare Market Trends And Strategies
4. Computer Vision in Healthcare Market – Macro Economic Scenario
5. Global Computer Vision in Healthcare Market Size and Growth
…….
31. Global Computer Vision in Healthcare Market Competitive Benchmarking
32. Global Computer Vision in Healthcare Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Computer Vision in Healthcare Market
34. Computer Vision in Healthcare Market Future Outlook and Potential Analysis
35. Appendix
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