AI-Enabled Medical Imaging Solutions Market Poised for 31.4 % Growth, Set to Hit $8.68 Billion by 2029

What industry-specific factors are fueling the growth of the ai-enabled medical imaging solutions market?
The AI-enabled medical imaging solutions market is anticipated to witness substantial growth due to the rising incidence of chronic illnesses. Prolonged medical conditions that extend beyond three months, such as cancer, diabetes, heart disease, arthritis, chronic obstructive pulmonary disease, asthma, and autoimmune diseases are referred to as chronic disorders. AI-enabled medical imaging expedites early detection of chronic diseases by analyzing complex imaging data, enabling swift identification of abnormalities and quick intervention for improved patient outcomes. For instance, a report by the World Health Organization (WHO), a specialized agency of the United Nations based in Switzerland, stated in September 2023 that 41 million deaths each year, or 74% of all global fatalities, are due to Noncommunicable diseases (NCDs). In these, 17 million people die prematurely before the age of 70, and 86% of these premature deaths occur in low- to middle-income countries. Cardiovascular diseases top the list causing 17.9 million deaths annually, followed by chronic respiratory diseases (4.1 million), cancers (9.3 million), and then diabetes (2.0 million, including deaths from kidney disease related to diabetes). Thus, the increasing incidence of chronic disorders is fuelling the expansion of the AI-enabled medical imaging solutions market.

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What Is the projected market size and growth rate for the ai-enabled medical imaging solutions market?
The market for AI-powered medical imaging solutions has seen tremendous growth in recent years. It is projected to increase from $2.21 billion in 2024 to $2.92 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 31.8%. The rise during the historical period can be linked to advancements in computer vision, the digital conversion of medical images, the expansion of imaging techniques, the development of machine learning algorithms, and the presence of extensive datasets.

The market for AI-integrated medical imaging solutions is anticipated to undergo phenomenal growth in the upcoming years. It's projected to increase to a market size of $8.68 billion in 2029, with a compound annual growth rate (CAGR) of 31.4%. Factors contributing to this predicted growth within the forecast period include the use of AI in mental health imaging, enhanced robotic surgery through AI, the impact of quantum computing, increased use in remote patient monitoring, and evolution in the regulatory framework. Significant trends to be expected over the forecast period consist of a substantial increase in AI adoption, AI-facilitated early detection and prevention, hybrid models and ensemble learning, augmented Intelligence within radiology, and AI-directed personalized medicine.

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What new trends are reshaping the ai-enabled medical imaging solutions market and its opportunities?
Leading firms in the AI-integrated medical imaging solutions sector are concentrating their efforts on AI-augmented image reconstruction, like deep learning reconstruction, to introduce cutting-edge technology that supports medical professionals in diagnosing patients and enhances patient comfort. Deep Learning Reconstruction (DLR) is a methodology utilized in the medical imaging field to enhance image quality by applying deep learning algorithms. To illustrate, Canon Medical Systems USA Inc., a company specializing in imaging solutions based in the US, launched the Precise IQ Engine in November 2023. This is a top-tier deep learning enhancement for magnetic resonance imaging, propelled by Altivity - a bold new stride towards AI innovation using intelligent technologies to reach unparalleled standards of quality, insight, and value. PIQE enhances matrix dimensions, removes noise, and generates sharp anatomical images, taking MR imaging to unparalleled levels. Furthermore, the PIQE software can transform low-resolution photos into high-spatial-resolution images while preserving image quality and reducing the ringing effects.

What major market segments define the scope and growth of the ai-enabled medical imaging solutions market?
The AI-enabled medical imaging solutions market covered in this report is segmented -

1) By Product: Software, Hardware
2) By Modality: Computed Tomography (CT), Magnetic Resonance (MR), X-Ray, Ultrasound, Mammography, Multimodality Imaging Systems, Other Modalities
3) By Technology: Deep Learning, Natural Language Processing (NLP), Computer Vision, Other Technologies
4) By Application: Breast Imaging, Respiratory And Pulmonary, Neurology, Orthopedics, Other Applications
5) By Industry Vertical: Hospital And Healthcare Providers, Patients, Pharmaceuticals And Biotechnology Companies, Healthcare Payers, Other Industry Verticals

Subsegments:
1) By Software: Image Analysis And Interpretation Software, Workflow And Management Solutions, Diagnostic Support Tools
2) By Hardware: AI-Enhanced Imaging Devices, Imaging Sensors And Detectors, Workstations And Displays For Image Processing

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Which region dominates the ai-enabled medical imaging solutions market?
North America was the largest region in the AI-enabled medical imaging market in 2024. The regions covered in the AI-enabled medical imaging solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the ai-enabled medical imaging solutions industry growth?
Major companies operating in the AI-enabled medical imaging solutions market report are Siemens AG, IBM Corporation, NVIDIA Corporation, Fujifilm Holdings Corporation, Koninklijke Philips N.V., GE HealthCare Technologies, Inc, Zebra Technologies Corp., Agfa-Gevaert N.V., Carestream Health, Nuance Communications Inc, Aidoc Medical, SyntheticMR, Butterfly Network Inc, EnvoyAI, ICAD INC., Arterys Inc., Beijing Infervision Technology Co. Ltd., Subtle Medical, Ziosoft, ContextVision AB, RADLogics Inc., Qview Medical Inc, Riverain Technologies, icometrix, DiA Imaging Analysis Ltd., Imagen AI, MaxQ AI Ltd.

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What Is Covered In The AI-Enabled Medical Imaging Solutions Global Market Report?

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

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