AI-Enabled Medical Imaging Solutions Market Booming Demand Leading to Exponential CAGR Growth by 2027
The global AI-Enabled Medical Imaging Solutions Market is forecasted to be worth USD 4,720.6 Million by 2027, according to a current analysis by Emergen Research. The market for AI-enabled medical imaging solutions is witnessing high demand due to the increased complexities of clinical decision-making. The integration of artificial intelligence in medical imaging has become an important requirement. It has the potential to transform medical imaging in both productivity and accuracy.
The market is gaining rapid popularity due to its benefits, such as the improvement in the efficiency of pathologists, radiologists, and other image-based diagnosticians. Artificial intelligence also boosts the volume of diagnostic imaging procedures in the diagnostic department and hospital. AI-enabled medical imaging solutions are expected to achieve growth as there is a development in the capability to detect cancer at an early age as well as track the growth of the tumor.
The researchers have considered all the factors influencing the growth of the AI-Enabled Medical Imaging Solutions market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the AI-Enabled Medical Imaging Solutions market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market
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Key Highlights From The Report
- In November 2020, Claritas HealthTech partnered with Google Cloud Health API to launch tRAD. The technology is a new AI-powered telehealth-radiology platform and will enable online access for patients to review their clinical reports, radiology images and communicate with their physicians on a single platform.
- There are several usages of machine learning due to the image acquisition process, from automated image protocol selection to ensure the patient is positioned correctly for the scan. It can lead to fewer repeat scans and saves time for both the patient and providers.
- North America held a larger market share due to the increasing demand for AI from the U.S. and the presence of a large number of players in the region. The advanced healthcare infrastructure in the country and growing investment in RD will also propel the market demand.
The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the AI-Enabled Medical Imaging Solutions market.
Furthermore, the report provides details about the new players entering the market, entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
Key Players operating in the AI-Enabled Medical Imaging Solutions industry are:
Arterys Inc., Blackford Analysis Limited, Aidoc, Beijing Infervision Technology Co., Ltd., EnvoyAI, ContextVision AB, General Electric Company, Fujifilm Holdings Corporation, iCAD, Inc., and Nuance Communications, Inc., among others.
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For the purpose of this report, Emergen Research has segmented into the global AI-Enabled Medical Imaging Solutions Market on the product, workflow, therapeutic application, deployment mode, modality, and region:
- Product Outlook (Revenue, USD Billion; 2017-2027)
- Software
- Subscription Software License
- Perpetual Software License
- Fee-Per Case Software License
- Hardware
- Workflow Outlook (Revenue, USD Billion; 2017-2027)
- Image Acquisition
- Image Analysis
- Reporting and Communication
- Predictive Analysis and Risk Assessment
- Detection
- Triage
- Diagnosis and Treatment Decision Support
- Equipment Maintenance
- Therapeutic Application Outlook (Revenue, USD Billion; 2017-2027)
- General Imaging
- Specialty Imaging
- Oncology
- Neurology
- Orthopedics
- Cardiology
- Respiratory
- Others
- Deployment Mode Outlook (Revenue, USD Billion; 2017-2027)
- On-Premise Solutions
- Cloud- and Web-Based Solutions
- Modality Outlook (Revenue, USD Billion; 2017-2027)
- Magnetic Resonance (MR)
- X-Ray
- Imaging Systems
- Computed Tomography (CT)
- Ultrasound
- Mammography
- Multimodality Imaging Systems
- Others
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The Global AI-Enabled Medical Imaging Solutions Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the AI-Enabled Medical Imaging Solutions market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- S.
- Canada
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
The all-inclusive report on the Global AI-Enabled Medical Imaging Solutions Market added by Emergen Research demonstrates that the global AI-Enabled Medical Imaging Solutions market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the AI-Enabled Medical Imaging Solutions market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
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Radical Features of the AI-Enabled Medical Imaging Solutions Market Report:
- The report encompasses AI-Enabled Medical Imaging Solutions market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the AI-Enabled Medical Imaging Solutions industry
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