Global AI In Medical Imaging Market Revenue To Hit Nearly USD 2355.4 Million By 2032

In terms of revenue, the global AI In Medical Imaging market accounted for USD 219.06 Million in 2023 and is expected to reach USD 2355.4 Million by 2032, growing at a CAGR of 30.2% from 2024 to 2032.

Medical imaging is a process involving the creation of image representations and visual aids of the human body. Medical imaging also involves the checking of the functionality and performance of the organ systems and individual organs of the human body. With the increasing incorporation of AI (artificial intelligence) in medical imaging and the healthcare industry as a whole, there has been a major transformation in the way the diagnostic methodologies and processes are completed. Artificial intelligence helps surgeons to carry out image capturing process and in diagnosing the images for medication that is unique to a particular patient.

With the utilization of AI in medical imaging, analysis of MRI and CT scans can be done in half the time required for traditional approached by physicians. Since an increasing number of market players have been successfully achieving FDA approvals lately, this might emerge as a game-changing technology.

Global AI in Medical Imaging Market: Growth Factors

With the increased focus of the healthcare sector on precision diagnosis, AI solutions have lately been forming a part of the broader digital health trends across healthcare. Thanks to the negative impact of the CVOID-19 pandemic, AI in imaging has been gaining traction across several medical applications in 2020. The uptake of AI in diagnostic imaging is expected to ensure that the latest technology reaches the common masses through the deployment of latest solutions. This is likely to boost the growth of the global AI in medical imaging market. For instance, in March 2020, the healthtech startup Qure.AI launched qTrack smartphone app which enables conversion of X-rays into digital images deploying only the user’s phone camera, enabling assessment of tuberculosis symptoms, at the same time recording patient data.

Not only does AI-based medical imaging facilitate early detection and improved diagnosis of diseases amongst patients, it also enables better access to custom treatments. A surge in the number of hospitals and healthcare centers that have been embracing these latest technologies across the globe has been boosting the global AI in medical imaging market size.  

Global AI in Medical Imaging Market: Segmentation

The global AI in medical imaging market has been classified by solution, by image acquisition technology, by AI technology, by clinical application, by end-user, and by region. Based on solution, the market can be segregated into services and tools/ platform. By image acquisition technology, the global AI in medical imaging market is bifurcated into ultrasound imaging, X-ray, magnetic resonance imaging, molecular imaging, and computed tomography.

On the basis of AI 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 Analysis

The AI in medical imaging market in North America is estimated to rise to prominence through the forecast timeline with the U.S. commanding a significant portion of the market share. Governments of several countries in the region have been favoring market expansion via implementation of beneficial reimbursement policies. The high degree of awareness amongst the residents of this region pertaining to the benefits of latest diagnostic procedures and tests is expected to promote rising demand for these technologies. Additionally, the robust healthcare infrastructure, rising disposable incomes of individuals, and greater penetration of medical technologies are responsible for the remarkable growth of this region.

Asia Pacific is also thriving at a considerable pace with lucrative opportunities surging due to higher frequency of diseases and growing population density. With the rapid revolution of the healthcare industry in Indonesia, India, and China, digital pathology is expected to gather considerable momentum through the next few years. Developing countries such as India have also been turning to AI for tackling COVID-19, tuberculosis, and cancer.

Global AI in Medical Imaging Market: Competitive Players

A few of the prominent and developing companies leveraging the expansion of the global AI in medical imaging market comprise of 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.

Browse the full “AI In Medical Imaging Market 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 Industry Perspective, Comprehensive Analysis And Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/ai-in-medical-imaging-market

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

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