Artificial Intelligence In Magnetic Resonance Imaging (MRI) Market Size, Key Drivers, Growth, Demand, Analysis 2024-2033

"The Business Research Company recently released a comprehensive report on the Global Artificial Intelligence In Magnetic Resonance Imaging (MRI) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The artificial intelligence in magnetic resonance imaging (mri) market size has grown strongly in recent years. It will grow from $5.65 billion in 2023 to $6.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to data volume expansion, clinical demand for accuracy, rise of deep learning algorithms, research and development investments, diagnostic imaging innovations.

The artificial intelligence in magnetic resonance imaging (mri) market size is expected to see strong growth in the next few years. It will grow to $8.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to ai-enhanced image reconstruction, personalized mri imaging, ai for lesion detection and classification, increased mri automation, ai-guided mri protocols. Major trends in the forecast period include quantitative imaging with ai, ai in functional mri (fmri), explainable ai in diagnostic interpretation, real-time ai analysis, ai-based image enhancement:.

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Market Drivers and Trends:

The increased number of diagnostic procedures is expected to propel the growth of artificial intelligence in magnetic resonance imaging (MRI) market. Diagnostic procedures refer to medical tests, examinations, or techniques conducted to identify, evaluate, or confirm the presence of a disease, medical condition, or abnormality in a patient. Artificial intelligence is employed in MRI diagnostic procedures to improve accuracy and efficiency in detecting and characterizing abnormalities, leading to more precise and timely diagnoses for better patient outcomes in less time. For instance, in March 2023, according to the National Health Service (NHS), an England-based publicly funded healthcare system, approximately 1,628,300 patients were awaiting critical diagnostic tests in England, representing a 59,400-patient increase from March 2022. Additionally, in March 2023, a total of 2,302,400 diagnostic tests were performed. This is the case, with 223,100 more than in March 2022. Therefore, the increased number of diagnostic procedures is driving the growth of artificial intelligence in magnetic resonance imaging (MRI) market.

Technology advancement has emerged as a key trend gaining popularity in artificial intelligence in magnetic resonance imaging (MRI) market. Major companies operating in artificial intelligence in magnetic resonance imaging (MRI) market are focused on advancements in AI (artificial intelligence) technology to meet specific demands and sustain their position in the market. For instance, in June 2023, GE HealthCare Technologies Inc., a US-based manufacturing company, introduced Sonic DL, an FDA-cleared AI deep learning technology for faster MRI. This technology acquires high-quality magnetic resonance images up to 12 times faster than conventional methods, enabling cardiac imaging within a single heartbeat. It extends access to patients with arrhythmias and breath-holding challenges, ensuring swift, consistent, and more comfortable exams with up to an 83% reduction in scan time for rapid, high-quality MRI.

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Major Key Players of the Market:

Intel Corporation, International Business Machines Corporation, Bayer AG, Toshiba Corporation, NVIDIA Corporation, Siemens Healthcare GmbH, Fujifilm Holdings Corporation, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Nuance Communications Inc., Esaote SPA, Paige AI Inc., Orcam Inc., Aidoc Medical, Lunit Inc., Viz.ai Inc., Digital Diagnostics Inc., Owkin Inc., Aurora Imaging Technologies Inc., Quibim SL, Mirada Medical Ltd., Arterys Inc., Imbio LLC, QMENTA, Voxel Technology, Sanrad Medical Systems Pvt ltd, EchoNous Inc., Enlitic Inc., InformAI LLC, Nano X Imaging Ltd.

Artificial Intelligence In Magnetic Resonance Imaging (MRI) Market 2024 Key Insights:

• The artificial intelligence in magnetic resonance imaging (mri) market size is expected to see strong growth in the next few years. It will grow to $8.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
• The Impact Of Artificial Intelligence On Mri Diagnostic Accuracy
• AI Advancements Transforming The Mri Landscape
• North America was the largest region in the artificial intelligence in magnetic resonance imaging (MRI) market in 2023

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