5 Major Insights Into The AI In Medical Imaging Market Report 2023
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The Business Research Company’s AI In Medical Imaging Global Market Report 2023 offers crucial insights into the AI in medical imaging market help businesses analyse and build stronger strategies.
The global AI in medical imaging market is poised for exceptional growth, with the market size projected to surge from $1.51 billion in 2022 to $2.07 billion in 2023 at an impressive Compound Annual Growth Rate (CAGR) of 37.79%. Looking ahead, the market is expected to reach $7.42 billion in 2027, demonstrating a robust CAGR of 37.54%. The driving force behind this unprecedented growth is the escalating adoption of AI in radiology, a key technological trend shaping the landscape.
AI’s Dominance in Radiology: A Catalyst for Market Expansion
- Radiology’s Vital Role: Radiology, a medical specialty focusing on disease diagnosis and treatment through imaging techniques, forms the cornerstone of AI in medical imaging applications.
- Enhancing Medical Image Interpretation: AI is extensively employed in radiology to elevate the interpretation of medical images, optimizing the accuracy and efficiency of radiological workflows.
- Radiology AI Adoption: The adoption of AI in radiology witnessed a significant surge, reaching 30% in 2020 compared to previous years.
- Rising Radiologists’ Engagement: According to Itransition, 30% of radiologists incorporated AI into their clinical practices in 2022, with a further 20% planning to adopt AI tools in the near future.
- Accelerating Efficiency: AI contributes to automated image analysis, computer-aided detection, and image reconstruction and enhancement, bolstering the overall efficiency of radiological processes.
Industry Leaders Steering the Growth
- Prominent Market Players: Key entities propelling the AI in medical imaging market include Alphabet Inc, Microsoft Corporation, IBM, Oracle Corporation, and Siemens Healthineers, among others.
- Industry Giants’ Contributions: These major players are at the forefront of technological advancements, ensuring their continued dominance in the evolving AI in medical imaging landscape.
Innovation at its Core: Viz.AI’s AI-Powered Radiology Suite
- Key Trend: Technological advancements emerge as the pivotal trend gaining momentum in the AI in medical imaging market.
- Viz.AI’s Breakthrough: In November 2022, Viz.AI Inc. unveiled its AI-powered radiology suite, marking a significant leap in innovative technology.
- Integrated Solutions: This cutting-edge technology seamlessly integrates into healthcare organizations’ Picture Archiving and Communication Systems (PACS), facilitating secure access to imaging data across departments.
- Real-time Alerts and Collaboration: Features include AI-powered alerts for real-time disease detection, prioritized worklists, and real-time communication tools fostering collaboration among care team members.
- Impactful Outcomes: Viz.AI’s solution not only improves patient outcomes but also reduces costs and enhances overall efficiency in healthcare operations.
Segmentation Dynamics: Unveiling Diverse Categories
- Comprehensive AI Technologies:
- Deep Learning
- Natural Language Processing (NLP)
- Other Technologies
- Solutions Driving Progress:
- Software Tools
- Imaging Modalities:
- Computed Tomography (CT) Scan
- Magnetic Resonance Imaging (MRI)
- Nuclear Imaging
- Applications Across Medical Domains:
- Digital Pathology
- Lung (Respiratory System)
- Breast (Mammography)
- Liver (GI)
- Oral Diagnostics
- Other Applications
- End-User Scenarios:
- Diagnostic Imaging Centers
- Other End-Users
Global Dynamics: North America Leads, Asia-Pacific Soars
- North America’s Dominance: In 2022, North America emerged as the largest region in the AI in medical imaging market.
- Asia-Pacific’s Growth Trajectory: The forecast anticipates Asia-Pacific as the fastest-growing region in the upcoming period, underscoring the global nature of AI in medical imaging.
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The AI In Medical Imaging Global Market Report 2023 provides a comprehensive outlook of the AI in medical imaging market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The AI in medical imaging market forecast offers a thorough analysis on AI in medical imaging market size, AI in medical imaging market share, prominent players and their strategies.
The Table Of Content For The AI In Medical Imaging Market Include:
1. AI In Medical Imaging Market Executive Summary
2. AI In Medical Imaging Market Segments
3. AI In Medical Imaging Market Size And AI In Medical Imaging Market Growth Rate
4. Key AI In Medical Imaging Market Trends
5. Major AI In Medical Imaging Market Drivers
25. Key Mergers And Acquisitions In The AI In Medical Imaging Market
26. Top AI In Medical Imaging Companies
27. AI In Medical Imaging Market Opportunities And Strategies
28. AI In Medical Imaging Market, Conclusions And Recommendations
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