Artificial Intelligence (AI) Enabled Medical Imaging Market Set to Surge at 25.9% CAGR from 2024-2030
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04 Oct 2024 08:54:24 am.
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This reports provides an essential and dependable overview of the Artificial Intelligence (AI) Enabled Medical Imaging Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
The Global Artificial Intelligence (AI) Enabled Medical Imaging Market size was valued at around USD 3.23 billion in 2023 & is projected to reach around USD 16.20 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 25.9% during the forecast period, i.e., 2024-30.
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Global Artificial Intelligence (AI) Enabled Medical Imaging Market Driver:
Shortage of Radiologists Necessitating AI Adoption – The market revenue growth has been primarily credited to the shortage of radiologists to cater to the growing global patient population pool. This, thereby affects the quality and efficiency of diagnostic services and fosters the acceptance and utilization of artificial intelligence (AI) enabled medical imaging. Hence, its applications in radiology would augment the competencies of radiologists leading to faster and more accurate diagnoses.
Furthermore, because imaging biomarkers are crucial for the early diagnosis, monitoring, and detection of diseases, their use in clinical settings is increasing. However, the enormous volumes of data produced by imaging biomarkers would need the implementation of advanced technology for analysis and interpretation, requiring additional manual work. As a result, there is an increasing dependence on artificial intelligence (AI) in medical imaging due to the rising integration of imaging biomarkers and the severe radiologists shortage. Because of this, there will be a continued increase in demand in the future years for AI-enabled imaging solutions. So, if such a shortage of skilled radiologists continues, the AI-enabled medical imaging market is anticipated to grow & flourish in the coming years at a steady growth rate.
Artificial Intelligence (AI) Enabled Medical Imaging Market Segmentation Analysis - FY24-30
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Artificial Intelligence (AI) Enabled Medical Imaging Market (2024-30). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Artificial Intelligence (AI) Enabled Medical Imaging Market segmentation is enlisted below:
By Component
-Hardware
-Software
--Perpetual Software License
--Subscription Software License
--Pay as You Go Software License
By Workflow
-Image Analysis
-Image Acquisition
-Detection
-Reporting & Communication
-Diagnosis & Treatment Decision Support
-Predictive Analysis & Risk Assessment
-Equipment Maintenance
-Triage
By Technology
-Deep Learning
-Machine Learning
-Computer Vision
-Natural Language Processing (NLP)
-Others
By Therapeutic Application
-Specialty Imaging
--Cardiology
--Oncology
---Lung Cancer
---Breast Cancer
---Other Cancers
--Neurology
--Respiratory
--Orthopedics
--Others
-General Imaging
By Deployment
-Cloud
-On-Premise
By Modality
-Computed Tomography
-Magnetic Resonance
-Ultrasound
-X-Ray
-Mammography
-Multimodality Imaging Systems
-Others
- Computed Tomography (CT) segment held the largest share of the Global Artificial Intelligence (AI) Enabled Medical Imaging Market.
-Hospitals
-Clinics
-Diagnostics Centers
-Others
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By Region
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Artificial Intelligence (AI) Enabled Medical Imaging Market Competitive Landscape
The competitive landscape of a Artificial Intelligence (AI) Enabled Medical Imaging market involves an extensive analysis of the competitive dynamics within the industry. It comprises assessing key players, rising competitors, their strategies, and the overall competitive structure within the market.
Essential characteristics of the competitive landscape typically encompass:
- Dominant Market Players: Well-established companies or organizations holding substantial market share, boast strong brand recognition, and often offer diverse products or services. They set industry benchmarks and trends.
- Rising Challengers: Newcomers or startups gaining momentum in the market are discussed in this section. These entities might introduce innovative solutions, target niche segments, or challenge established norms with fresh approaches.
- Market Strategies: This includes strategies used by companies to gain an edge. It encompasses technological innovations, customer-centric approaches, pricing strategies, and market positioning.
- Shifting Patterns: This involves analyzing technological advancements, shifts in consumer behavior, and emerging market needs.
- Forthcoming Outlooks: This entails predicting the impact of emerging players, technological advancements, and evolving market demands.
- Collaborative Ventures: This includes joint ventures, mergers, acquisitions, or partnerships aimed at leveraging strengths and resources.
Aidoc, Arterys Inc., Beijing Infervision Technology Co., Ltd., Blackford Analysis Limited, ContextVision AB, EnvoyAI, Fujifilm Holdings Corporation, General Electric Company, iCAD, Inc., Koninklijke Philips N.V., Mirada Medical Limited, NVIDIA Corporation, Nuance Communications, Inc., Resonance Health Ltd., Samsung Electronics Co., Ltd., and others
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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