Press release
Exponential Growth Predicted for Computer Vision in Healthcare Market: Valued at $3.18 Billion in 2025 to $16.07 Billion by 2029
Computer Vision in Healthcare Market
AI adoption and predictive analytics fueling the rapid rise in the global Computer Vision in Healthcare market.
What Is The Projected Market Size Of The Global Computer Vision in Healthcare Market And Its Growth Rate?
The Computer Vision in Healthcare market has seen tremendous growth in recent years. Here are key projections from our report:
- The market valued at $2.18 billion in 2024 will grow to $3.18 billion in 2025, a CAGR of 45.9%. This recent growth can be attributed to increased availability of healthcare data, regulatory support, improved processing power, and enhanced diagnostic accuracy.
- Looking ahead, the market is forecast to continue its exponential growth, reaching $16.07 billion in 2029 at a compound annual growth rate (CAGR) of 50.0%. Major trends and growth factors include predictive analytics in radiology, global health crisis response, human-centric design, point-of-care imaging solutions, and more.
What Is Driving The Growth In The Computer Vision in Healthcare Market?
The primary growth driver for the Computer Vision in Healthcare market is the adoption of AI-based technologies. Artificial intelligence is enhancing the capacity of machines to perform tasks usually carried out by humans. Technologies in computer vision, such as natural language processing (NLP), are transforming healthcare by enabling computers to understand text and spoken words similarly to humans. For instance, the ACR Data Science Institute reports that about 30% of radiologists use AI clinically to enhance the radiology imaging process, representing a significant driver of market growth.
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Who Are the Key Players Driving Computer Vision in Healthcare Market Growth?
The following major companies are driving the growth of the Computer Vision in Healthcare market:
- NVIDIA Corporation
- International Business Machines Corporation (IBM)
- Alphabet Inc.
- Microsoft Corporation
- Intel Corporation
- Basler AG
- AiCure Technologies Inc.
- iCAD Inc.
- Xilinx Inc.
And many more.
What Are The Key Trends In The Computer Vision in Healthcare Market?
Key trends in the Computer Vision in Healthcare Market include:
- Enhancement in medical imaging
- Advancements in disease detection and diagnosis
- Surgical assistance and robotics
- Drug discovery and development improvements
- Increased interoperability and integration.
What Are The Segments Of The Global Computer Vision in Healthcare Market?
The global Computer Vision in Healthcare market is segmented as follows:
- By Product: Software, Hardware, Network, Memory
- By Application: Medical Imaging & Diagnostics, Surgeries, Clinical Trials, Patient Management and Research
- By End Users: Healthcare Providers, Diagnostic Centers
Which Region Leads The Computer Vision in Healthcare Market?
In 2024, Europe was the largest region for the Computer Vision in Healthcare market. The report also covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa, with North America expected to be the fastest-growing region in the forecast period.
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What Is Covered In The Computer Vision in Healthcare Market Global Market Report?
- Market Size Analysis: Analyze the Computer Vision in Healthcare Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Computer Vision in Healthcare Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Computer Vision in Healthcare Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Computer Vision in Healthcare Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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