Press release
Artificial Intelligence (AI) in Ultrasound Imaging Market was valued at $889 million in 2023 and is projected to reach $2.05 billion by 2032
Artificial Intelligence in Ultrasound Imaging Market By Technology (Machine Learning, Computer vision, Natural Language Processing, Others), By Application (Radiology, Obstetrics, Gynecology, Cardiovascular, Others), By End User (Hospitals, Patients, Healthcare Payers, Others) and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), and COVID-19 Analysis - Global Forecast 2024 to 2032.According to Adroit Market Research, the global artificial intelligence (AI) in ultrasound imaging market was valued at $889 million in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2032, reaching an estimated $2.05 billion. This growth is driven by advancements in AI-powered diagnostic tools, increasing demand for accurate and efficient imaging solutions, and the rising adoption of AI in healthcare to enhance patient outcomes.
📌 Market Size (2023): $889 million
📌 Projected Growth: 8.8% CAGR (2024-2032)
📈 Estimated Market Size (2032): $2.05 billion
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The global Artificial Intelligence in Ultrasound Imaging market study meticulously analyses the profiles of major supplier companies, revealing insights derived from extensive research efforts. Analysts attribute this thorough documentation to high-quality research and the synthesis of evaluations across various critical factors that are increasingly driving the expansion of the global Artificial Intelligence in Ultrasound Imaging market. The research categorizes leading international manufacturers based on their sales, revenue, and, where applicable, pricing strategies. The primary objective is to deliver both qualitative and quantitative insights into the market across different geographical regions and countries.
The implementation of stringent lockdown measures to combat the COVID-19 pandemic has significantly affected supply and demand dynamics, impacting numerous businesses worldwide. Beyond the volatility of short-term market profits, it is expected that certain sectors will face considerable challenges even after the economy recovers from the pandemic. Essentially, almost all businesses across various industries have updated their financial strategies to ensure profitability in the coming years.
Additionally, the study assesses regional growth rates, market size, expenditure data, and profitability analyses. A comprehensive analysis of competitive dynamics is provided to offer a meaningful competitive edge. Geographic research has been conducted based on market share, growth projections, and key countries. A few major corporations dominate a substantial portion of this market. Competition within the global Artificial Intelligence in Ultrasound Imaging industry is escalating as leading companies strive to outperform one another. The report includes detailed revenue analyses, employed methodologies, product specifications, and profiles of key market players.
To achieve better outcomes, significant market strategies are evaluated from both technological and commercial perspectives. Furthermore, consumers can benefit from in-depth market research by gaining a better understanding of the analysis and accessing relevant data. The study presents readers with a comprehensive overview of the industry, aiding them in grasping the competitive landscape of the international Artificial Intelligence in Ultrasound Imaging market.
Report Highlights:
• Identifies multiple profitable opportunities for major industry participants.
• Provides clients with quantifiable data regarding the current market status.
• Includes strategic business plans of key market competitors.
• Offers a detailed investigation of the target market, emphasizing factors such as drivers, opportunities, and threats.
• Equips stakeholders with information to make informed investment decisions.
• Presents a market synopsis, including primary drivers and risk factors.
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Why Acquire This Report:
• The global Artificial Intelligence in Ultrasound Imaging market research study delivers insightful information on the number of significant companies operating internationally.
• It encompasses company financials, technological advancements, supply chain/value chain trends, and major innovations and developments.
• The report outlines details on mergers, acquisitions, joint ventures, key focus areas, investments, and market presence.
• Provides essential information about the target market's revenue, growth rates, and industry share, along with insights into current driving forces, macro trends, and constraints.
Artificial Intelligence in Ultrasound Imaging Market Competitive Landscape:
Significant contributors to the worldwide market for Artificial Intelligence in Ultrasound Imaging, encompassing both technology developers and healthcare institutions, are propelling advancements by creating sophisticated algorithms and systems aimed at improving diagnostic precision and operational efficiency. Their partnership stimulates research initiatives, financial investments, and the adoption of AI technologies, revolutionizing patient care within the realm of medical imaging.
Prominent entities in the market for Artificial Intelligence within Ultrasound Imaging encompass Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems Corporation, Fujifilm Holdings Corporation, Samsung Medison, Qure.ai, Zebra Medical Vision, Aidoc, Mach8 Health, Imagen Technologies, and Neuroglee Therapeutics. Additionally, other significant players include WelltrackONE, Carestream Health, Persistent Systems, eMed Digital Health, and Oncoustics, as well as innovative startups like ContextVision, Aidence, and Versus Technology. These organizations are deeply engaged in the creation and application of AI-driven technologies for ultrasound imaging, playing a crucial role in the evolution of medical technology and the enhancement of patient care outcomes.
Latest Trends and Innovation in the Global Artificial Intelligence in Ultrasound Imaging Market:
• In July 2023, Siemens Healthineers announced the launch of its new AI-driven ultrasound platform, ACUSON Sequoia, incorporating advanced deep learning algorithms to enhance image quality and assist clinicians in diagnostics.
• In March 2023, GE HealthCare completed the acquisition of Caption Health, a company specializing in AI-guided ultrasound software, to advance its capabilities in AI-assisted imaging technologies and improve clinical workflows.
• In January 2023, Philips unveiled its next-generation ultrasound machine, EPIQ Elite, featuring AI technology that provides automated measurements and enhanced imaging for various applications in diagnostics and therapy.
• In November 2022, Canon Medical Systems Corporation introduced its XarioTM and AplioTM ultrasound systems with integrated AI technology, which aims to streamline workflows and enhance diagnostic efficiency through machine learning algorithms.
• In September 2022, Mindray launched its new M7 ultrasound system, equipped with AI tools designed to support clinicians in making accurate, timely diagnoses while improving user experience and productivity.
• In May 2022, Fujifilm acquired the Ultrasound business from Hitachi Healthcare, enhancing its expertise in medical imaging and establishing a stronger presence in the ultrasound market with its innovative AI technologies.
• In February 2022, Royal Philips and Aidoc, a provider of advanced radiology AI solutions, partnered to integrate AI applications into Philips' ultrasound portfolio, aiming to improve clinical efficiency and patient outcomes through enhanced imaging insights.
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Segments of the Artificial Intelligence in Ultrasound Imaging Market
By Technology
• Machine Learning
• Computer Vision
• Natural Language Processing
• Others
By Application
• Radiology
• Obstetrics
• Gynecology
• Cardiovascular
• Others
By End User
• Hospitals
• Patients
• Healthcare Payers
• Others
Regional Overview
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a markets size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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