AI In Medical Imaging Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

AI In Medical Imaging Market Insights

According to Zion Market Research, the global AI In Medical Imaging Market was worth USD 219.06 Million in 2023. The market is forecast to reach USD 2355.4 Million by 2032, growing at a compound annual growth rate (CAGR) of 30.2% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the AI In Medical Imaging Market industry over the next decade.

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AI In Medical Imaging Market: Overview

AI is getting more trained at doing what humans do, but in more effective, quicker manner and at a reduced cost. The potential for artificial intelligence in healthcare industry is enormous. The AI is useful for researchers in creating and developing new forms of drugs as well. Various robot scientists are using AI systems that can test more compounds with improved accuracy, reproducibility and exhaustive record keeping.

The use of AI in medical imaging is going through an extensive evaluation in the identification of imaging anomalies. The AI is also used in detecting the fractures and musculoskeletal injuries which can contribute to chronic pain if not treated in time. The market is primarily driven by increasing adoption of artificial intelligence technologies and automation solutions in the healthcare sector. The new technological advancements like integration of IoT, computer vision and deep learning with healthcare are supporting the growth of the market in the years to come.

AI In Medical Imaging Market: COVID-19 Impact Analysis

Effect of COVID-19 on the global economy is so enormous that all the sectors are suffering backlash including pharmaceutical, biotechnology, and AI sectors. While suffering through the impact, many pharmaceutical, biopharmaceutical, and AI companies are supporting regional governments to address the unmet COVID-19 needs, which has started putting financial burden on research & development sector.

COVID-19 have led various countries into lockdown and hence, owing to lockdown Supply of the pharmaceutical drugs and other pharmaceutical products has narrowed down while the demand is burgeoning, creating a huge demand-supply gap.

AI In Medical Imaging Market: Growth Factors

The demand for artificial intelligence systems (AI) is growing exponentially, as these systems can accomplish challenging tasks without human intervention. In medical imaging sector, AI systems can assist in radiology department by analyzing the medical images of the patients and identify the disease/potential risk factors and suggest medication accordingly.

These systems can enhance physician’s perception and reasoning power, which helps them to utilize their time more efficiently and handle the patients which require critical care. AI systems also helps to maintain the database, so that the overall data of any patient can be readily available at one place, which helps the system to perform any repetitive functions, carried out manually. Different technologies such as natural language processing, machine learning and deep learning are used in AI systems to improve its efficiency in the healthcare market.

AI is capable of detecting and analyzing health risks through data collection and predictive analytics. With this expertise, AI is been deployed in a hospitals to diagnose critical diseases, such as cancer. This is valuable as it offers more accuracy in detecting the condition at an early stage.

Financial challenge is affecting the potential of artificial intelligence in health care sector worldwide, As the AI technology is in nascent stage and various organizations and players doing R&D over its implementation it in their products and services depends on funding, as it extremely important and can be the factor responsible for hindering the growth of AI in medical imaging sector.

AI In Medical Imaging Market: Report Scope

Image Acquisition Technology Segment Analysis Preview:

Based on Image Acquisition Technology the AI In Medical Imaging market is segmented into, X-Ray, Computed Tomography, Magnetic Resonance Imaging, Ultrasound Imaging, Molecular Imaging. Owing to epidemic and wide spread of coronavirus, and the availability of large base of population adopting, X-Ray, Computed Tomography, Magnetic Resonance Imaging, Ultrasound Imaging, Molecular Imaging techniques, the AI In Medical Imaging market is anticipated to grow over the forecast period.

End User Technology Segment Analysis Preview:

Based on Image Acquisition Technology the AI In Medical Imaging market is segmented into, Hospitals, Clinics, Research Laboratories & Diagnostic Centers

Other End Users. AI is also used in detecting the fractures and musculoskeletal injuries which can contribute to chronic pain if not treated in time. Hence, Hospitals, Clinics, academic & research institutions are anticipated to boost the overall End-User segment in global AI in drug discovery market.

AI In Medical Imaging Market: Competitive Landscape

Some of key players in AI In Medical Imaging Market are,

• Siemens Healthineers AG
• GE Healthcare
• IBM Watson Health
• BenevolentAI Limited
• Philips Healthcare
• Zebra Medical Vision Inc.
• Samsung Electronics Co. Ltd
• Medtronic Plc
• EchoNous, Inc.
• Enlitic Inc.

The AI In Medical Imaging Market is segmented as follows:

By Offering

• Software Tools/Platform
• Services

By Image Acquisition Technology

• X-Ray
• Computed Tomography
• Magnetic Resonance Imaging
• Ultrasound Imaging
• Molecular Imaging

By End User

• Hospitals
• Clinics
• Research Laboratories & Diagnostic Centers
• Other End Users

Global AI in Medical Imaging Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa