Study Period | 2019-2032 |
Base Year | 2023 |
Forcast Year | 2023-2032 |
CAGR | 8.49 |
AI in Medical Imaging Market Analysis Report 2023-2032
The AI in Medical Imaging Market is on the brink of substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 30.45% from 2022 to 2032. This growth is projected to result in a market size expansion of USD 12.89 billion. The AI in Medical Imaging industry's growth is driven by factors such as the increasing demand for advanced diagnostic tools, the integration of AI algorithms into medical imaging devices, and the potential to enhance accuracy and efficiency in medical diagnosis.
AI in Medical Imaging Market Overview
Drivers
The growth of the AI in Medical Imaging market is fueled by the need for accurate and timely medical diagnoses. AI algorithms integrated into medical imaging devices enable quick analysis of medical images, aiding healthcare professionals in identifying anomalies and making informed treatment decisions.
Furthermore, advancements in AI technologies contribute to the market's growth. Deep learning algorithms, computer vision, and neural networks enable AI systems to learn from large datasets and improve diagnostic accuracy.
Trends
The integration of AI-driven predictive analytics and the adoption of cloud-based medical imaging platforms are key trends in the AI in Medical Imaging market. Predictive analytics enable early detection of diseases and conditions, allowing for proactive patient care.
Moreover, cloud-based platforms facilitate the storage, sharing, and analysis of medical images across different healthcare facilities, enhancing collaboration among medical professionals.
Restraints
Data privacy concerns, regulatory challenges in medical AI algorithms, and the need for validation and transparency in AI-based diagnostics pose challenges in the AI in Medical Imaging market. Ensuring patient data security and compliance with medical regulations is crucial in AI-driven medical imaging.
Additionally, the complex and evolving nature of medical conditions and image interpretation requires continuous validation and training of AI algorithms.
AI in Medical Imaging Market Segmentation By Application
Among the application segments, the Oncology segment is expected to witness significant growth during the forecast period. AI algorithms in medical imaging aid in early cancer detection, tumor classification, and treatment planning.
Moreover, the Neurology segment is also on the rise. AI-enhanced medical imaging helps in diagnosing neurological disorders, brain injuries, and monitoring treatment outcomes.
AI in Medical Imaging Market Segmentation By Technology
Within the AI in Medical Imaging technology segment, the Deep Learning segment is expected to play a significant role in market growth. Deep learning algorithms excel in image recognition, pattern detection, and feature extraction.
Additionally, the Computer Vision segment remains relevant. Computer vision technology enables AI systems to interpret and analyze medical images, assisting in detecting subtle abnormalities.
North America is projected to be a major contributor to the global AI in Medical Imaging market growth, accounting for approximately 45% of the market share during the forecast period. The region's leadership is attributed to its advanced healthcare infrastructure, strong research capabilities, and adoption of innovative medical technologies.
The Asia-Pacific region is also witnessing significant growth, driven by the increasing demand for advanced medical diagnostics, rising healthcare investments, and the adoption of telemedicine solutions. Additionally, the Europe region's emphasis on personalized medicine and value-based healthcare contributes to market expansion.
The AI in Medical Imaging market gained prominence as healthcare providers seek to enhance diagnostic accuracy, reduce interpretation time, and improve patient outcomes. The COVID-19 pandemic underscored the importance of remote diagnosis and telemedicine, driving the adoption of AI in medical imaging.
AI in Medical Imaging Market Customer Landscape
The AI in Medical Imaging market report encompasses an analysis of the customer landscape, from radiologists and medical imaging specialists to healthcare administrators and regulatory bodies. It delves into adoption rates across healthcare facilities, providing insights into customer preferences and trends. Additionally, the report identifies key factors influencing AI in medical imaging adoption, aiding businesses in devising effective growth strategies.
Major AI in Medical Imaging Market Companies
Companies in the AI in Medical Imaging market are implementing various strategies to enhance their market presence, including partnerships with medical device manufacturers, research collaborations, and algorithm refinement.
The competitive landscape analysis in the report offers comprehensive insights into market players, assessing their strengths, weaknesses, and positioning. The qualitative and quantitative data aids in categorizing companies based on their focus and dominance in the market.
Segment Overview
The AI in Medical Imaging market report forecasts revenue growth at global, regional, and country levels and provides a comprehensive analysis of trends and growth opportunities from 2019 to 2032.
TABLE OF CONTENTS: GLOBAL AI Market in Medical Imaging MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition `
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. AI Market in Medical Imaging MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. AI Market in Medical Imaging Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. AI Market in Medical Imaging MARKET BY offering SIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2 Software Tools/Platform
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3 Services
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. AI Market in Medical Imaging MARKET BY technology INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2 Deep Learning
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3 Computer Vision
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.4 NLP
6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. AI Market in Medical Imaging MARKET REGIONAL OUTLOOK
7.1. AI Market in Medical Imaging Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.3. Europe AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K. AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America AI Market in Medical Imaging Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America AI Market in Medical Imaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America AI Market in Medical Imaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America AI Market in Medical Imaging Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America AI Market in Medical Imaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1 Siemens Healthineers AG
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2 GE Healthcare
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3 IBM Watson Health
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4 BenevolentAI
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5 Philips Healthcare
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6 Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7 Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8 Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10 Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
"Find new revenue generation opportunities"