Artificial Intelligence in Medical Imaging Market is Forecasted to Surge USD 8466.35 Billion at a CAGR of 35.30% by 2030, Size, Share, Emerging Trends, Key Growth Drivers, Challenges and Industry Revenue Outlook

The Artificial Intelligence in Medical Imaging Market is a robust and rapidly expanding sector characterized by its substantial size and diverse scope across various industries. With a significant share of the global economy, this market encompasses industries such as biotechnology, renewable energy, artificial intelligence, and advanced materials, among others. The market growth is driven by increasing demand for innovative solutions and technological advancements across sectors, fueling opportunities for both established players and emerging companies. Industry statistics indicate a steady rise in investments and research initiatives, reflecting a strong demand for cutting-edge products and services.

Industry leaders within the Artificial Intelligence in Medical Imaging Market are leveraging these trends to capitalize on growth drivers such as increasing consumer awareness, regulatory support for sustainable technologies, and the integration of AI and IoT solutions. Revenue analysis underscores the market promising outlook, with forecasts indicating continued expansion and diversification. Challenges within the Artificial Intelligence in Medical Imaging Market include regulatory complexities, high research and development costs, and competitive pressures from global players. However, companies equipped with insightful research reports and strategic insights are well-positioned to navigate these challenges and capitalize on emerging opportunities, driving future growth and innovation.

Data Bridge Market Research analyses that the Global Artificial Intelligence in Medical Imaging Market which was USD 753.9 Billion in 2022 is expected to reach USD 8466.35 Billion by 2030 and is expected to undergo a CAGR of 35.30% during the forecast period of 2022 to 2030

Explore Further Details about This Research Artificial Intelligence in Medical Imaging Market Share Report https://www.databridgemarketresearch.com/reports/global-artificial-intelligence-in-medical-imaging-market

This Artificial Intelligence in Medical Imaging Market report Segments Market growth rate, market shares, market size is also being highlighted in this report.

Global Artificial Intelligence in Medical Imaging Market, By Technology (Deep Learning, Computer Vision, NLP, Others), Offering (Hardware, Software, Services), Deployment Type (On-Premise, Cloud), Application (X-Ray, CT, MRI, Ultrasound, Molecular Imaging), Clinical Applications (Breast, Lung, Neurology, Cardiovascular, Liver, Prostate, Colon, Musculoskeletal, Others), End-User (Hospitals, Clinics, Research Laboratories, Others) - Industry Trends and Forecast to 2030.

Prominent market player analysis-

The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension. This Global Artificial Intelligence in Medical Imaging Market report provides the information of the Major Key Players in the market their business strategy, financial situation etc.

BenevolentAI (U.K.), OrCam (Israel)., BioXcel Therapeutics Inc (U.S.), Aitia (U.S.)., Qventus (U.S.)., K Health (U.S.), Prognos Health (U.S.)., Viz.ai, Inc (U.S.), mPulse Mobile (U.S.), Suki AI, Inc (U.S.)., ZealthLife technologies Pte. Ltd (Singapore)., Owkin Inc. (U.S.), Siemens Healthineers AG (Germany), EchoNous, Inc (U.S.), Enlitic, Inc (U.S.)

Market Definition

Medical imaging is a diagnostic procedure that includes the creation of visual aids for the human body and monitoring the performance and functioning of the organs. With the addition of artificial intelligence (AI) in healthcare and medical imaging, surgeons can get help in carrying out the image capturing process and diagnose these images for the conclusion and personalized treatment according to every individual and patient.

Global Artificial Intelligence in Medical Imaging Market Dynamics

Drivers

Growing Adoption of AI in Radiology

The growing adoption of AI to perform image quantification and identification process is also expected to increase market growth. For instance, Google's AI platform, Google's Deepmind collaborated with Moorfields Eye Hospital to observe all eye scans performed using an optical CT scanner to ensure early detection of age-related macular degeneration. Additionally, introducing 3D MRI and CT scans enables radiologists to analyze scans, reduce analysis time and increase efficacy quickly. Thus, this factor boosts market growth.

Growing Demand for CT

CT systems are one of the top diagnostic tools extensively used in several research institutes and hospitals that surge the market growth. Growing demand for Point of Care (POC) CT devices and the increasing development of a high-precision CT scanner by adding AI & ML and advanced visualization systems are increasing the market growth. Thus, this factor boosts market growth.

Opportunities

Increasing Investments with AI Firms

Developing countries primarily focus most of their efforts on adopting their AI investments. This will assist the firms in making huge financial growth using AI with medical imaging. For instance, China is considered to be the leader in artificial intelligence by 2030. The strategy needs major government funding and investments for firms to adopt AI technologies more rapidly. Thus, this factor boosts the market growth.  

Increasing Product Approvals

There have been increasing product approvals that are beneficial for market growth. For instance, the FDA has given Philips SmartSpeed AI-based software its 510(k) approval in 2022, allowing them to provide ground-breaking high-speed, high-resolution MR imaging. Its huge compatibility allows quicker and higher-quality scans for nearly all patients with several illnesses, such as those with implants (97% of clinical protocols). Thus, this factor boosts market growth.

Regional Analysis/Insights

The Artificial Intelligence in Medical Imaging Market is analyzed and market size insights and trends are provided by country, component, products, end use and application as referenced above.
The countries covered in the Artificial Intelligence in Medical Imaging Market reportare U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominatesthe Artificial Intelligence in Medical Imaging Market because of the region's high prevalence Artificial Intelligence in Medical Imaging Market
Asia-Pacific is expectedto witness significant growth during the forecast period of 2022 to 2029 due to the focus of various established market players to expand their presence and the rising number of surgeries in this particular region.

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