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Artificial Intelligence in Medical Imaging Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments | Google LLC, Microsoft Corporation, IBM Watson Health, Intel Corporation

05-23-2024 02:45 PM CET | IT, New Media & Software

Press release from: The Business Research Company

Artificial Intelligence in Medical Imaging Global Market Report 2024

Artificial Intelligence in Medical Imaging Global Market Report 2024

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Artificial Intelligence in Medical Imaging Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $10.02 billion In 2028 At A CAGR Of 30.8% :

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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Artificial Intelligence in Medical Imaging Market Major Segments
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

Key Driver - The Surge Of AI In Medical Imaging Fueled By Growing Imaging Modalities

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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Prominent Trend - AI-Enabled MRI Systems Transforming Medical Imaging Landscape

Major companies operating in the AI in the medical imaging market are developing innovative products, such as AI-enabled MRI systems, to better serve patients. An AI-enabled MRI system is a traditional Magnetic Resonance Imaging (MRI) machine equipped with artificial intelligence (AI) technology. For instance, in December 2023, GE Healthcare, a US-based medical technology company, launched SIGNA Champion, an AI-enabled MRI system. SIGNA Champion is designed to offer several AI-enabled workflow features like AIR Recon DL and Sonic DL, supporting efficiency and delivering image quality excellence for users of all experience levels. SIGNA Champion's unique combination of generous patient clearance inside the bore and short scan times.

Artificial Intelligence in Medical Imaging 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

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Largest And Fastest Growing Region In The Market
North America was the largest region in the AI in medical imaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in medical imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Artificial Intelligence in Medical Imaging Market Report Structure
3. Artificial Intelligence in Medical Imaging Market Trends And Strategies
4. Artificial Intelligence in Medical Imaging Market - Macro Economic Scenario
5. Artificial Intelligence in Medical Imaging Market Size And Growth
…..
27. Artificial Intelligence in Medical Imaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
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Email: info@tbrc.info

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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