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Neurology Had the Major Share in the AI-Based Medical imaging Market

05-03-2024 08:37 AM CET | Science & Education

Press release from: P&S Intelligence

Neurology Had the Major Share in the AI-Based Medical imaging

The AI-based medical imaging market will generate USD 11,921.4 million 2030, powering at a robust rate of 30.4% by the end of this decade.

The key factors powering the industry include the increasing occurrence of chronic ailments, growing requirement for medical services for the elderly populace, and increasing research and development expenditure in the healthcare industry.

Furthermore, the incessant progression in imaging tech and the increase in the initiatives of the government will also drive the industry in the years to come.

AI-based technologies, for example medical imaging, used for early discovery of ailments, improved diagnosis, and patient-precise treatments. AI has massive uses in medical imaging, as a result of its precision and sensitivity in classifying abnormalities.

Furthermore, the ongoing progressions in imaging technologies, for example computer-assisted diagnostics, is other factor accountable for the quick growth of the sector.

Also, the diagnostic imaging centers will grow the fastest in the years to come. This has a lot to do with the fact that these centers have cutting-edge equipment for doing CT scans or MRIs at lower costs than hospitals.

Likewise, the increasing consciousness amongst patients and the growing requirement for diagnostic procedures in these centers will power the industry in the years to come.

Report Description: https://www.psmarketresearch.com/market-analysis/ai-based-medical-imaging-market

Neurology had a major share, of more than 25%, in 2021, and this will grow significantly at the years to come as well.

This is because of the numerous vendors engaged in the expansion of AI based medical imaging technologies and devices for neurological ailments, whose occurrence is high at a global level, and high medical imaging data in this area.

The rising consciousness of the benefits of AI methods and their broad application areas has resulted in the high application of artificial intelligence in the medical diagnostic industry. Several players of the market are collaborating to provide the most prominent techs to their consumers in healthcare.

These AI-based medical technologies considerably aid doctors in their decision-making about diagnosis and treatment. Therefore, doctors accept these lucrative, accurate, and safe solutions over the traditional ones, which, boosts the AI-based medical imaging market growth.

North America led the industry, and it will continue to grow in the years to come as well. This is due to the high acceptance of cutting-edge technologies in the healthcare industry and the existence of key players in the region.

Furthermore, the increase in collaborations and partnerships among vendors, the substantial role of research companies in the development of AI-based medical imaging solutions and the considerable fundings in the healthcare sector power the growth of the industry.

It is due to the high investments in agriculture industry, the requirement for AI-based medical imaging solutions will continue to rise in the near future.

SOURCE: P&S Intelligence

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P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicated and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve.

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