AI in Medical Imaging Market is Estimated to grow at a CAGR of 34.8% during the forecast period

 

The AI in medical imaging market is anticipated to reach USD 824.2 million in 2022, with a compound annual growth rate (CAGR) of 34.8% anticipated throughout the forecast period. The market is anticipated to increase significantly due to rising demand for early disease diagnosis and developments in AI and machine learning technologies. Market expansion is being driven by an increase in the prevalence of chronic illnesses.

The need for artificial intelligence (AI) in the medical imaging market is being driven primarily by rising healthcare costs and growing health consciousness. In order to efficiently handle and evaluate information, advanced AI tools are needed given the rising number of cancer and heart patients brought on by an unbalanced lifestyle, as well as the growing volume of medical data and imaging records.

 

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Growth Drivers

The market is expanding as a result of an increasing emphasis on personalized medicine and the incorporation of AI technology into current imaging systems. AI-powered medical imaging technology innovation and development are aided by research funding and venture money. Advanced AI technologies are necessary to process and evaluate information in an efficient and effective manner due to the growing amounts of medical data and imaging records. AI does shorten the time needed for picture gathering and interpretation and streamline imaging procedures.

The market is expanding due to growing healthcare spending and expanding healthcare infrastructure. The market is expanding due to the growing number of hospitals and diagnostic clinics around the globe. Radiologists can evaluate and interpret images more quickly because AI-powered solutions automate the image processing process. It expedites the diagnostic procedures and boosts the effectiveness of medical imaging departments.

Segmentation

End-Users

·         Hospitals

·         Diagnostic Centers

·         Others

Application

·         Neurology

·         Respiratory and Pulmonary

·         Cardiology

·         Breast Screening

·         Orthopedic

·         Others

Imaging Modalities

·         CT-Scan

·         MRI

·         X-Ray

·         Ultrasound

·         Nuclear Imaging

By Technology

·         Deep Learning

·         Natural Language Processing

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Key Players

·         Siemens Healthineers

·         General Electric

·         Koninklijke Phillips

·         Digital Diagnostics Inc.

·         Fujifilm

·         Intel Corporation

·         Lunit Inc.

·         Digital Diagnostic Inc.

·         Arterys Inc.

·         Other Players

 

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