Global Artificial Intelligence In Radiology Market 2024 Production Analysis, Latest Trends, Industry Share And Forecast To 2033

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The Business Research Company presents an extensive market research report on the Artificial Intelligence In Radiology 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 radiology market size has grown exponentially in recent years. It will grow from $1.68 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 30.8%. The growth in the historic period can be attributed to increasing volume of medical imaging data, rise of deep learning algorithms, demand for improved diagnostic accuracy, regulatory approvals and standards, focus on cost-efficiency and workflow improvement.

The artificial intelligence in radiology market size is expected to see exponential growth in the next few years. It will grow to $6.31 billion in 2028 at a compound annual growth rate (CAGR) of 30.2%. The growth in the forecast period can be attributed to continued advancements in ai algorithms, integration with electronic health records (ehrs), expansion of ai applications beyond diagnosis, ai-powered image enhancement, enhanced interoperability and data sharing. Major trends in the forecast period include telemedicine and remote healthcare, collaboration between healthcare and tech companies, advancements in imaging technologies, quantitative imaging analytics, automated report generation.

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Key Market Players:
Major companies operating in the artificial intelligence in radiology market report are Microsoft Corporation, IBM Corporation, NVIDIA Corporation, Siemens Healthineers AG, Koninklijke Philips N.V, GE Healthcare Technologies Inc., Canon Medical Systems Corporation, HeartFlow Inc., Viz.ai Inc., Aidoc Medical Ltd., EnvoyAI, Butterfly Network Inc., Digital Diagnostics Inc., Caption Health, Day Zero Diagnostics Inc., Enlitic Inc., Arterys, Nano X Imaging Ltd., Subtle Medical Inc., CureMetrix Inc., AliveCor Inc., DiA Imaging Analysis Ltd., Freenome Holdings Inc., Imagen Technologies, Gleamer Ltd., Quibim, Behold.ai, Gauss Surgical Inc., 3D Systems, InformAI LLC, Intel Corporation

Market Drivers:
The growing application of artificial intelligence (AI) in healthcare is expected to propel the growth of artificial intelligence (AI) in the radiology market, going forward. AI-powered algorithms demonstrate a remarkable capability to analyze and interpret medical images with precision, aiding radiologists in detecting subtle abnormalities and improving overall diagnostic outcomes. The efficiency and speed offered by AI technologies not only streamline radiological workflows but also contribute to faster and more accurate diagnoses. For instance, in March 2023, according to the Department for Science, Innovation & Technology (DSIT), a UK-based government agency, the Department of Health and Social Care channeled $39.4 million (£36 million) into thirty-eight AI projects, focusing on advancing patient care and expediting diagnoses in 2021. Therefore, the growing application of AI in healthcare is driving the growth of artificial intelligence (AI) in the radiology market.

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The artificial intelligence in radiology market covered in this report is segmented -
1) By Solution Type: AI Software, AI Hardware
2) By Modality: Computed Tomography (CT), Magnetic Resonance (MR), X-Ray, Mammography, Ultrasound (US), Other Modalities
3) By Application: Neurology, Chest And Lung, Musculoskeletal, Abdomen, Cardiology, Other Applications
4) By End-User: Hospitals, Diagnostic Imaging Centers, Other End-Users

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