Press release
AI in Medical Imaging Market to Reach $19,400.53 million by 2034, Growing at 34.5% CAGR
The size of the artificial intelligence in medical imaging market in 2024 was estimated at USD 1,003.23 million. With a predicted CAGR of 34.5% during 2025-2034, the market is expected to reach USD 19,400.53 million in 2034 from USD 1,346.84 million in 2025.
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Report Scope
To provide a complete overview of the market for AI in medical imaging, the research focuses on the most recent advancements, market share, revenue generated, top businesses in the industry, and geographical analysis.
Market Overview
AI in medical imaging uses algorithms, particularly machine learning, to analyze and interpret medical images (like X-rays, MRIs, and CT scans) to improve diagnostic accuracy and efficiency and potentially personalize treatment plans. It leverages sophisticated algorithms and machine learning to analyze and interpret medical images, such as X-rays, MRIs, and CT scans. AI algorithms can process large datasets of medical images to identify patterns, anomalies, and subtle changes that might be missed by the human eye. AI can be trained to recognize complex patterns and features in images, aiding in the early detection of diseases and conditions.
Growth Drivers
• The growing occurrence of chronic illnesses and the rising need for sophisticated diagnostic solutions are driving market demand.
• The increasing use of AI in healthcare to enhance precision and lower operational expenses is driving market expansion.
• Improvements in AI algorithms and imaging technology are anticipated to drive the adoption of AI in medical imaging.
• The increasing incorporation of AI in workflow automation drives the expansion of AI in medical imaging market growth.
Competitive Landscape
A few key players in the artificial intelligence in medical imaging market actively engaged in developing AI solutions for medical imaging, providing a range of products such as AI-powered diagnostic tools, imaging software, and advanced imaging systems are:
• Aidoc
• Arterys, Inc.
• Butterfly Network, Inc.
• Canon Medical Systems Corporation
• GE Healthcare
• IBM Watson Health
• Lunit, Inc.
• Medtronic
• Philips Healthcare
• Qure.ai
• Siemens Healthineers AG
• Toshiba Medical Systems Corporation
• Viz.ai, Inc.
• Vuno, Inc.
• Zebra Medical Vision
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Artificial Intelligence (AI) in Medical Imaging Industry Developments
• December 2024 - Siemens Healthineers launched the AI Abdomen feature as part of its Acuson Sequoia 3.5 Ultrasound system. This advanced AI capability automatically labels and measures abdominal organs within milliseconds, aiming to improve diagnostic accuracy, enhance standardization, and reduce false negatives in abdominal imaging.
• December 2024 - GE HealthCare announced its intention to release financial results for Q4 and full year 2024 on February 13, 2025. The announcement underscores the company's ongoing commitment to financial transparency and strategic communication with stakeholders.
Artificial Intelligence (AI) in Medical Imaging Market Segmentation
By Technology Outlook
• Deep Learning
• Natural Language Processing (NLP)
• Other
By Application Outlook
• Neurology
• Respiratory & Pulmonary
• Cardiology
• Breast Screening
• Orthopedics
• Others
By Modalities Outlook
• CT Scan
• MRI
• X-rays
• Ultrasound
• Nuclear Imaging
By End Use Outlook
• Hospitals
• Diagnostic Imaging Centers
• Others
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Regional Insights
• North America holds the largest market share, owing to its sophisticated healthcare infrastructure, prompt adoption of AI technologies, and substantial funding in research and development.
• The AI in medical imaging market in the Asia Pacific is growing rapidly, driven by the expanding healthcare industry, the rising incidence of chronic illnesses, and heightened investments in AI technologies.
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