Artificial Intelligence in Medical Imaging Market Analysis: Opportunities, Strategies, Size, Share, and Trends 2024-2033

"The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.

The Business Research Company presents an extensive market research report on the Artificial Intelligence in Medical Imaging Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The artificial intelligence in medical imaging market size has grown exponentially in recent years. It will grow from $2.6 billion in 2023 to $3.42 billion in 2024 at a compound annual growth rate (CAGR) of 31.7%. The growth in the historic period can be attributed to rising demand for ai-powered ct, the rise in the prevalence of cancer, increasing adoption of cloud computing, the rising geriatric population, the implementation of favorable government initiatives..

The artificial intelligence in medical imaging market size is expected to see exponential growth in the next few years. It will grow to $10.02 billion in 2028 at a compound annual growth rate (CAGR) of 30.8%. The growth in the forecast period can be attributed to increasing attention to lessen radiologists workload, the rising geriatric population, growing investment, rising demand for the influx of large and complex datasets, increasing demand for ai-powered ct.. Major trends in the forecast period include computer vision techniques enable ai algorithms to analyze medical images, technology advancement of deep learning, product innovations like nuclear medicine, technologies such as ultrasound systems, magnetic resonance imaging product innovation.

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Key Market Players:

Major companies operating in the artificial intelligence in medical imaging market report are Google LLC, Microsoft Corporation, IBM Watson Health, Intel Corporation, NVIDIA Corporation, Siemens Healthineers, Koninklijke Philips N.V, GE Healthcare, Agfa-Gevaert Group/Agfa HealthCare, Aidoc Medical, Arterys Inc., Lunit Inc., Butterfly Network Inc., Digital Diagnostics Inc., Caption Health Inc., EchoNous Inc., Covera Health Inc., Nanox Imaging LTD., AZmed, InformAI LLC, Avicenna AI, ImageBiopsy Lab, Nucleai, Icometrix NV., Gleamer

Market Drivers:

Growing imaging modalities are expected to propel the growth of AI in the medical imaging market going forward. Imaging modalities refer to the different medical imaging techniques used to visualize the body for diagnostic and therapeutic purposes. AI algorithms are used in medical modalities to assist in image reconstruction, noise reduction, and artifact correction, leading to clearer and more accurate CT images. For instance, in July 2022, according to the National Health Service, a UK-based government department, 43.3 million imaging tests were reported in England in the 12 months from April 2021 to March 2022. Further, around 3.67 million imaging tests were reported to have taken place in March 2022. Therefore, the growing imaging modality is driving the growth of AI in the medical imaging market.

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The artificial intelligence in medical imaging market covered in this report is segmented -
1) By Modality: Computed Tomography (CT) Scan, Magnetic Resonance Imaging (MRI), X-rays, Ultrasound, Nuclear Imaging
2) By Technology: Deep Learning, Natural Language Processing (NLP), Other Technologies
3) By Application: Neurology, Respiratory and Pulmonary, Cardiology, Breast Screening, Orthopedics
4) By End-Use: Hospitals, Diagnostic Imaging Centers, Other End-Users

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