Press release
Radiomics Market Top Players - Radiomics.io (Computational Imaging & Bioinformatics Lab), Radiomics Bio (Belgium), Health Innovation Ventures (HIV), SOPHiA GENETICS SA.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Radiomics Market Size, Share & Trends Analysis Report By Modality (Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Positron-Emission-Tomography (PET), Others), By Image Type (2D v/s 3D), By Technology (Engineered Features v/s Deep Learning), By Application (Nuclear Medicine, Medical Imaging, Precision Medicine, Oncology)- Market Outlook And Industry Analysis 2031"The global radiomics market is estimated to exhibit a CAGR of 16.30% during the forecast period for 2024-2031.
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Radiomics involves the computer-assisted extraction of quantifiable data from medical imaging, focusing on distinctive radiographic features. This approach utilizes advanced computational methods to provide accurate and reproducible evaluations of imaging attributes, including size, texture, calcification, anatomical location, and growth rate. The global radiomics market is projected to experience sustained growth driven by the increasing demand for early disease diagnosis and more effective treatment options. Technological advancements within the healthcare industry are expected to further accelerate market development over the next five years by enabling the delivery of superior healthcare services. Moreover, the integration of artificial intelligence in medical imaging is anticipated to significantly contribute to the expansion of the radiomics market during the forecast period. Consequently, the global radiomics market is poised for consistent growth throughout this timeframe.
List of Prominent Players in the Radiomics Market:
• Radiomics.io (Computational Imaging & Bioinformatics Lab)
• Radiomics Bio (Belgium)
• Health Innovation Ventures (HIV)
• SOPHiA GENETICS SA
• HealthMyne, Inc
• Oncoradiomics
• ptTheragnostic.
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Market Dynamics:
Drivers:
The integration of artificial intelligence (AI) in hospitals and healthcare imaging has transformed diagnostic processes, significantly driving the global market growth. AI enhances the processing of large volumes of medical images by detecting subtle disease indicators that may otherwise go unnoticed. Consequently, the market is projected to expand steadily within the forecast period. Additionally, the COVID-19 pandemic has heightened interest in enterprise imaging and telehealth solutions due to the increased demand for remote access to medical images and reports. This situation has underscored the critical role of AI and machine learning in imaging, aimed at improving diagnostic accuracy while supporting healthcare professionals' well-being and job security.
Challenges:
Despite its potential, the radiomics market remains in an early developmental stage, presenting challenges to widespread adoption of AI technologies. Furthermore, limited awareness and knowledge among healthcare providers continue to restrict market growth.
Regional Trends:
North America is expected to secure a significant share of the radiomics market, driven by the extensive deployment of advanced healthcare IT systems, a well-established healthcare infrastructure, and the presence of leading market players. The rising prevalence of chronic diseases such as cancer and cardiovascular conditions, coupled with an aging population, further fuels the adoption of medical imaging informatics in the region. Similarly, the Asia Pacific market holds a substantial share and is anticipated to grow rapidly, supported by an increasing volume of diagnostic imaging procedures and the widespread adoption of informatics technologies to enhance imaging quality.
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Recent Developments:
• In August 2020-Carestream Health announced the release of the DRX-L Detector . With the new product now available in the US and Canada, hospitals and imaging facilities may focus on long-length imaging to boost productivity and lessen patient discomfort and radiation exposure.
Segmentation of Radiomics Market-
By Modality:
• Magnetic Resonance Imaging (MRI)
• Computed Tomography (CT)
• Positron-Emission-Tomography (PET)
• Others
By Image Type:
• 2D
• 3D
By Technology:
• Engineered Features
• Deep Learning
By Application:
• Nuclear Medicine
• Medical Imaging
• Precision Medicine
• Oncology
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/radiomics-market/1711
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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InsightAce Analytic Pvt. Ltd.
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