Due to technological advances in healthcare and the digital transform , the global market for artificial intelligence in medical imaging is expected to grow from 2020 to 2027. Due to rising incidence of diseases, the market has seen a rise in diagnostic procedures. AI-driven medical image aids in early detection and improved diagnosis. It also provides personalized treatment for patients. These factors are driving market growth.
The market can be divided by application into medical imaging and oncology. Artificial intelligence (AI), which dominates the market for medical imaging, is held by digital pathology. This is due to increasing efficiency of pathologists. Digital pathology is a validation tool that allows pathologists to process more slides within a shorter time frame. This allows for early diagnosis and faster treatment. Digital pathology and AI aid physicians in making informed and patient-centric decisions. Due to an increase in cancer prevalence and awareness, the oncology market is expected to grow in popularity. AI Algorithms to diagnose and treat tumors using personalized treatments. AI-driven medical imaging is available in the areas of cardiovascular, neurology and breast ( Mammography), as well as oral diagnostics.
The AI market for medical imaging is divided into two segments based on end-use: hospitals and diagnostic centres. Hospitals hold a dominant market share. Hospitals are easily accessible and omnipresent, which is why many patients choose hospitals. Favorable reimbursement policies will also be a driving force in the market for medical imaging. The popularity of diagnostic centers is expected to increase during the forecast period. Market growth can be attributed to increasing awareness and demand for diagnostic procedures.
The market can be divided by region into North America and Europe, Asia Pacific and Latin America. Because of the advanced technology in healthcare and disposable income, the AI market in medical imaging is dominant in North America. The presence of key players as well as favorable government regulations has fueled demand for artificial intelligence in medical image. Over the forecast period, Asia Pacific will grow at a profitable rate. This is due to increasing numbers of people and the rising prevalence of disease. The market is also being boosted by the rapidly developing healthcare infrastructure in Asia, such as India, Indonesia, and China.
3Scan, Agfa Healthcare, Arterys, Butterfly Network, Inc., EchoNous, Inc., Enlitic, Inc., IBM Corporation, NVIDIA Corporation, GE Healthcare, Siemens are the major market players. These companies are involved in strategic collaborations and regional expansion. Siemen Healthineers, for example, increased its PET/CT Portfolio when it was approved by the FDA for its AIDAN Artificial Intelligence Suite. GE Healthcare introduced the Edison Developer Program in December 2019. This program allows healthcare providers easy access to market-ready apps and algorithms to be integrated into their existing workflows.
b. Due to the increasing incidence of diseases and technological advances in healthcare, the global market for artificial intelligence in medical image will experience a significant growth.
What role does artificial intelligence play in the growth of the medical imaging market?b. In the next five years, the global market for artificial intelligence in medical image processing is expected to grow at a significant rate. Market growth will be aided by the increasing awareness of patients and increased demand for diagnostic procedures.
Which segment had the largest share of artificial intelligence in medical image market?b. With the largest share of artificial intelligence in medical imaging in 2019, North America was the dominant market. This is due to increasing healthcare awareness, high disposable income, and a technologically advanced healthcare infrastructure.
What are the major players in artificial intelligence for medical imaging?b. 3Scan, Agfa Healthcare, Arterys, Butterfly Network, Inc., EchoNous, Inc., Enlitic, Inc., IBM Corporation, NVIDIA Corporation, GE Healthcare, Siemens are some of the key players in the artificial intelligence market for medical imaging.
What are the driving factors for artificial intelligence in the medical imaging market?b. The key factors that drive the growth of artificial intelligence in medical imaging include a rapidly developing healthcare infrastructure, an increase in diagnostic procedures, increased awareness, and favorable government initiatives.
Up Market Research published a new report titled “Artificial Intelligence In Medical Imaging Market research report which is segmented by End-use (Hospitals & Diagnostic Centers), by Application (Digital Pathology, Oncology), By Players/Companies IBM Corporation, Siemens, Agfa Healthcare, GE Healthcare, Inc, NVIDIA Corporation, Inc, EchoNous, Arterys, Butterfly Network, Enlitic, 3Scan, Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Artificial Intelligence In Medical Imaging Market Research Report |
By End-use | Hospitals & Diagnostic Centers |
By Application | Digital Pathology, Oncology |
By Companies | IBM Corporation, Siemens, Agfa Healthcare, GE Healthcare, Inc, NVIDIA Corporation, Inc, EchoNous, Arterys, Butterfly Network, Enlitic, 3Scan, Inc |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 246 |
Number of Tables & Figures | 173 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by End-use (Hospitals & Diagnostic Centers), by Application (Digital Pathology, Oncology).
Artificial Intelligence In Medical Imaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Artificial Intelligence In Medical Imaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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