AI in Medical Imaging Market 2022 Analysis by Top Manufacturers – Siemens Healthineers AG, GE Healthcare, IBM Watson Health, BenevolentAI Limited, Philips Healthcare

The AI in Medical Imaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The AI Market in Medical Imaging is expected to register a CAGR of 30.4% over the forecast period from 2021 - 2026.

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Top Leading Companies of AI in Medical Imaging Market are Siemens Healthineers AG, GE Healthcare, IBM Watson Health, BenevolentAI Limited, Philips Healthcare, Zebra Medical Vision Inc., Samsung Electronics Co. Ltd, Medtronic Plc, EchoNous, Inc., Enlitic Inc., Nvidia Corporation, Oxipit.ai and others.

Industry News and Updates

July 2020 - Zebra Medical Vision announced that it had entered a strategic collaboration with TELUS Ventures. This collaboration includes an investment expected to grow Zebra-Med's presence in North America and enable the company to showcase its artificial intelligence (AI) solutions to the latest modalities and clinical care settings.

- June 2020 - GE Healthcare introduced its Thoracic Care Suite, a collection of eight artificial intelligence (AI) algorithms from Lunit INSIGHT CXR to help alleviate clinical strain due to COVID-19. The AI suite quickly analyzes chest x-ray findings and flags abnormalities to radiologists for review, including pneumonia, which may indicate COVID-19, as well as tuberculosis, lung nodules, and other radiological findings.

Key Market Trends

Asia-Pacific to Witness Highest Growth

- In the Asia Pacific, artificial intelligence in healthcare is expected to witness lucrative growth over the forecast period, owing to rising R&D expenditure and developments in the pharmaceutical and biotechnology sectors. Additionally, the presence of a significant patient pool will trigger demand for better healthcare services, develop healthcare infrastructure, and increase disposable income to support further the growth of AI in Medical Imaging in the region. Furthermore, spending in the healthcare sector gained heightened traction. Economies in the region are increasingly concentrating on developing a robust healthcare infrastructure for patient diagnoses and treatment. According to Invest India, India's hospital sector, accounting for 80% of the total healthcare market, is observing a significant investor interest from both the global and domestic investors.

- Furthermore, AI medical imaging is one of the most common AI applications in the healthcare industry in China. It is currently the second-largest market segment of AI medical applications in China and was predicted to grow at a growth rate of more than 40% and reach a scale of USD 2.5 billion in 2024 (source: Ministry of Foreign Affairs of Denmark). There is a considerable gap in the number of professional doctors in medical imaging in China.

Regional Outlook of AI in Medical Imaging Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The AI in Medical Imaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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