AI-Enabled Imaging Solutions Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What fueled the previous growth in the ai-enabled imaging solutions market?
The market size of AI-assisted imaging solutions has experienced substantial growth in the past years. Projections anticipate an increase from $3.22 billion in 2024 to $4.14 billion in 2025, indicating a compound annual growth rate (CAGR) of 28.3%. This significant growth in the past years is attributed to the rising demand for accurate diagnostics and treatment strategies, the expansion of healthcare expenditure, increased cases of chronic illnesses, the wider application of AI-driven imaging solutions in cancer care, as well as growing government initiatives and funding dedicated to AI research and the enhancement of healthcare infrastructure.
What will be the ai-enabled imaging solutions market size in the future?
Forecasted to witness a rapid surge in the upcoming years, the AI-enabled imaging solutions market size is set to hit $11.1 billion by 2029, expanding at a compound annual growth rate (CAGR) of 28.0%. This growth throughout the predicted period can be accredited to factors such as the expansion of telemedicine, an intensified focus on preventive healthcare, increased partnerships and collaborations between healthcare providers and AI solution providers, alongside the development of regulatory frameworks and ethical guidelines. The key trends expected to shape the forecast period include the advancement of AI algorithms, incorporation of various imaging modalities, adoption of cloud-based AI solutions, a growing emphasis on explainable AI (XAI), and the execution of edge computing in AI-powered imaging devices.
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What main drivers are fueling expansion in the ai-enabled imaging solutions market?
The upsurge in breast cancer incidences is anticipated to fuel the expansion of the AI-enabled imaging solutions market. Breast cancer is defined by uncontrolled cell growth within the breast tissue, which can lead to a malignant tumor with a capacity to metastasize to other body parts. The swell in breast cancer incidences can be linked to lifestyle modifications like dietary shifts and physical inactivity, along with hormonal changes, which boost the necessity for all-encompassing medical solutions. AI-enabled imaging solutions contribute to the initial detection of breast cancer through mechanized mammographic analysis, augmenting diagnosis precision, and facilitating prompt treatment, thereby improving patient health outcomes. To illustrate, the American Cancer Society, a philanthropic cancer campaign organization in the U.S., reported that breast cancer occurrences escalated from 284,200 in 2021 to 300,590 in January 2023, indicating a 5.76% increase. Hence, the surge in breast cancer instances is propelling the development of the AI-enabled imaging solutions market.
What key areas define the segmentation of the global ai-enabled imaging solutions market?
The AI-enabled imaging solutions market covered in this report is segmented –
1) By Offering: Software Tools Or Platform, Services
2) By Image Acquisition Technology: X-ray, Computed Tomography, Magnetic Resonance Imaging, Ultrasound Imaging, Molecular Imaging
3) By Technology: Machine Learning, Natural Language Processing, Context Aware Computing, Computer Vision
4) By End User: Hospitals, Clinics, Research Laboratories And Diagnostic Centers, Cybersecurity
Subsegments:
1) By Software Tools Or Platform: AI-Powered Image Analysis Software, AI-based Image Recognition Tools, AI Imaging Platforms For Healthcare, AI For Image Enhancement And Editing
2) By Services: AI Image Consulting Services, AI Imaging Implementation Services, AI-based Imaging Data Analysis Services, Cloud-Based AI Imaging Services
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Who are the dominant players expanding their reach in the ai-enabled imaging solutions market?
Major companies operating in the AI-enabled imaging solutions market report are Medtronic PLC; NVIDIA Corporation; Siemens Healthineers; Fujifilm Holdings Corporation; Koninklijke Philips N.V.; GE HealthCare Technologies Inc.; Zebra Medical Vision Ltd.; Hologic Inc.; Agfa-Gevaert Group; Samsung Medison Co. Ltd.; Konica Minolta Healthcare Americas Inc.; Intelerad Medical Systems; Hitachi Medical Systems; Merative L.P.; Canon Medical Systems Corporation; Aidoc Medical Ltd.; Butterfly Network Inc.; HeartFlow Inc.; Arterys Inc.; Caption Health Inc.; EchoNous Inc.; Vuno Inc.; Mirada Medical Limited; Resoundant Inc.; Lunit Inc.
How are evolving market trends shaping ai-enabled imaging solutions Strategies?
Leading entities in the AI-driven imaging solutions market are striving to develop sophisticated options like AI-assisted Magnetic Resonance Imaging (MRI) systems to increase their market earnings. An AI-assisted MRI scanner is essentially an MRI instrument furnished with artificial intelligence features that enhance image capturing, processing, analyzing, and interpreting functions. To exemplify, GE Healthcare Technologies Inc., a medical technology firm based in the US, inaugurated the SIGNA Champion, an AI-assisted MRI system, in December 2023. The system comes equipped with advanced AI and profound learning functions like AIR Recon DL and Sonic DL, facilitating quicker and more accurate scans. Moreover, the system prioritizes sustainability and functional benefits by having a smaller size and improved energy efficiency. Along with SIGNA Champion, GE Healthcare has also launched SIGNA PET/MR AIR, bringing in AI technologies to enhance detection and treatment procedures for ailments like prostate cancer and Alzheimer’s disease.
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Which regions are emerging as leaders in the ai-enabled imaging solutions market?
North America was the largest region in the AI-enabled imaging solutions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI-enabled imaging solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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