Press release
AI in Medical Imaging Global Market Poised for Unprecedented Growth: Comprehensive Report Forecasting a CAGR of 36.0% by 2025
AI in Medical Imaging Global Market
Unleashing the transformative potential of AI in medical imaging with a robust growth trajectory, driven by enhanced diagnostic accuracy, increasing healthcare expenditure and significant advancements in technology.
What Is The Projected Market Size Of The Global AI in Medical Imaging Global Market Report 2025 And Its Growth Rate?
- From $2.8 billion in 2024, the AI in medical imaging market will grow to $3.81 billion in 2025 at a compound annual growth rate (CAGR) of 36.0%.
- Factors fueling this growth include increased volume of medical imaging data, demand for improved diagnostic accuracy, high burden of chronic diseases, improved workflow efficiency, and soaring healthcare expenditure.
- The market size is further expected to skyrocket in the years to come, reaching to $14.64 billion in 2029 at a CAGR of 40.0%.
- The forecasted growth can be ascribed to integration with electronic health records (EHR), expanding application in image-guided interventions, the emergence of AI-powered personalized medicine, growing focus on preventive healthcare, and the global expansion of telemedicine.
What Is Driving The Growth In The AI in Medical Imaging Global Market Report 2025?
The burgeoning adoption of AI in radiology is the major catalyst propelling the AI in medical imaging market. Radiology involves the use of medical imaging techniques for diagnosing and treating diseases. AI is extensively used in radiology to bolster the interpretation of medical images and boost the efficiency and accuracy of radiological procedures like automated image analysis, computer-aided detection, image reconstruction, and enhancement. Recent trends indicate a substantial rise in the number of AI tools for radiologists in the healthcare market. For instance, as per the Radiological Society of North America, 75% of more than 500 FDA-cleared AI algorithms are focused on radiology, a leap from 70% in 2021. Moreover, according to figures released by Itransition a US-based software development company, 30 percent of radiologists are utilizing AI in their clinical practices, and 20% more plan to purchase AI tools in the near future. Thus, this growing dependency on AI in radiology is anticipated to propel the AI in medical imaging market to new heights.
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Who Are the Key Players Driving AI in Medical Imaging Global Market Report 2025 Growth?
- Alphabet Inc
- Microsoft Corporation
- The International Business Machines Corporation
- Sanofi
- Oracle Corporation
- Merative
- Medtronic plc
- Nvidia Corporation
- Siemens Healthineers AG
- Koninklijke Philips NV
- Stryker
- GE HealthCare Technologies Inc.
- Lunit Inc.
- DeepMind
- Viz.AI inc.
- Aidoc
- AZmed
- Digital Diagnostics Inc.
- Butterfly Network Inc.
- Cleerly
- Behold.ai
- Butterfly Network
- Enlitic
- Nano-X Imaging Ltd.
- Arterys
- Caption Health
- EchoNous Inc.
- Gleamer
- CloudMedX
- CellmatiQ GmbH
- Mediwhale
- DentalXrai GmbH
What Are The Key Trends In The AI in Medical Imaging Global Market Report 2025?
Emerging trends in the market include:
- Improved imaging modalities with AI
- Increasing focus on interoperability and data sharing
- Positive developments in regulatory framework
- Growing industry collaborations
- A shift towards explainable AI
What Are The Segments Of The Global AI in Medical Imaging Global Market Report 2025?
The market is segmented by:
- Technology: Deep Learning, Natural Language Processing (NLP), Other Technologies
- Solution: Software Tools, Services
- Modality: Computed Tomography (CT) Scan, Magnetic Resonance Imaging (MRI), X-Rays, Ultrasound, Nuclear Imaging
- Application: Digital Pathology, Oncology, Cardiovascular, Neurology, Lung (Respiratory System), Breast (Mammography), Liver (GI), Oral Diagnostics, Other Applications
- End-Use: Hospitals, Diagnostic Imaging Centers, Other End-Users
Which Region Leads The AI in Medical Imaging Global Market Report 2025?
North America held the largest share in the AI in medical imaging market in 2024. Asia-Pacific, on the other hand, is expected to emerge as the fastest-growing region in the forecast period. The report covers comprehensive regional analysis including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The AI in Medical Imaging Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the AI in Medical Imaging Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the AI in Medical Imaging Global Market Report 2025 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 AI in Medical Imaging Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the AI in Medical Imaging Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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