Artificial Intelligence in Medical Imaging Market Set to Reach $13.16 Billion by 2029 with 31.1% Yearly Growth

What market dynamics are playing a key role in accelerating the growth of the artificial intelligence in medical imaging market?
The advancement in imaging modalities is anticipated to fuel the development of AI within the medical imaging market. These modalities encompass various medical imaging techniques applied for body visualization for both diagnostic and treatment reasons. Image reconstruction, noise reduction, and artifact correction are all supported by AI algorithms in medical modalities, resulting in clearer and highly precise CT images. For example, the National Health Service, a government department based in the UK, reported that about 43.3 million imaging tests were conducted in England from April 2021 to March 2022, and approximately 3.67 million imaging tests were completed in March 2022 alone. Hence, this escalation in imaging modality usage is stimulating the expansion of AI in the medical imaging market.

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How will the growth rate of the artificial intelligence in medical imaging market shape industry trends by 2034?
The market size for artificial intelligence in medical imaging has experienced tremendous growth over the past few years. The market is projected to expand from $3.42 billion in 2024 to $4.46 billion in 2025, representing a compound annual growth rate (CAGR) of 30.4%. The significant growth witnessed in the historic period can be associated with the surging demand for CT scans powered by AI, an increase in cancer prevalence, the growing utilization of cloud computing, a rise in the aging population, and the enforcement of favorable government policies.

The market for artificial intelligence in medical imaging is poised for substantial expansion in the coming years, estimated to reach $13.16 billion by 2029, reflecting a compound annual growth rate of 31.1%. Factors contributing to this forecasted growth include heightened focus on reducing the workload of radiologists, an aging population, increased investments, and a surge in demand for large and complex datasets. In addition, AI-powered CT scan technologies are experiencing increased demand. Current trends expected to shape the market in the forecast period include the use of computer vision techniques to allow AI algorithms to examine medical images, deep learning technological advancements, and innovative products in fields like nuclear medicine and technologies encompassing ultrasound systems and magnetic resonance imaging.

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What are the emerging trends shaping the future of the artificial intelligence in medical imaging market?
Major market players in AI for medical imaging are creating novel products, for instance, AI-integrated MRI systems, to improve patient services. An AI-integrated MRI system adds artificial intelligence technology to a standard Magnetic Resonance Imaging (MRI) machine. For example, in December 2023, GE Healthcare, a medical technology firm based in the US, announced the release of SIGNA Champion, an AI-integrated MRI system. SIGNA Champion is equipped with numerous AI-driven workflow features such as AIR Recon DL and Sonic DL, and it is engineered to support efficiency, provide superior image quality for users regardless of their experience level, and combines a spacious patient space within the bore and short scanning periods.

Which primary segments of the artificial intelligence in medical imaging market are driving growth and industry transformations?
The artificial intelligence in medical imaging market covered in this report is segmented -

1) By Modality: Computed Tomography (CT) Scan, Magnetic Resonance Imaging (MRI), X-rays, Ultrasound, Nuclear Imaging
2) By Technology: Deep Learning, Natural Language Processing (NLP), Other Technologies
3) By Application: Neurology, Respiratory And Pulmonary, Cardiology, Breast Screening, Orthopedics
4) By End-Use: Hospitals, Diagnostic Imaging Centers, Other End-Users

Subsegments:
1) By Computed Tomography (CT) Scan: Cardiac CT, CT Angiography, Lung CT, Abdominal CT, Head CT
2) By Magnetic Resonance Imaging (MRI): Brain MRI, Spine MRI, Musculoskeletal MRI, Abdominal MRI, Functional MRI
3) By X-rays: Chest X-rays, Dental X-rays, Mammography, Bone X-rays, Fluoroscopy
4) By Ultrasound: Abdominal Ultrasound, Cardiac Ultrasound, Obstetric And Gynecological Ultrasound, Vascular Ultrasound, Musculoskeletal Ultrasound
5) By Nuclear Imaging: Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT), Bone Scans, Thyroid Scans, Cardiac Scans

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Which geographical regions are pioneering growth in the artificial intelligence in medical imaging market?
North America was the largest region in the AI in medical imaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in medical imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the influential players reshaping the artificial intelligence in medical imaging market landscape?
Major companies operating in the artificial intelligence in medical imaging market report are Google LLC, Microsoft Corporation, IBM Watson Health, Intel Corporation, NVIDIA Corporation, Siemens Healthineers, Koninklijke Philips N.V, GE Healthcare, Agfa-Gevaert Group/Agfa HealthCare, Aidoc Medical, Arterys Inc., Lunit Inc., Butterfly Network Inc., Digital Diagnostics Inc., Caption Health Inc., EchoNous Inc., Covera Health Inc., Nanox Imaging LTD., AZmed, InformAI LLC, Avicenna AI, ImageBiopsy Lab, Nucleai, Icometrix NV., Gleamer

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What Is Covered In The Artificial Intelligence in Medical Imaging Global Market Report?

• Market Size Forecast: Examine the artificial intelligence in medical imaging market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the artificial intelligence in medical imaging market for a structured understanding.
• Key Players Overview: Analyze major players in the artificial intelligence in medical imaging market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence in medical imaging market.
• Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence in medical imaging market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence in medical imaging market.
• Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence in medical imaging market.
• Competitive Landscape: Review strategic developments in the artificial intelligence in medical imaging market, including expansions, agreements, and new product launches.

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