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Artificial Intelligence (AI) Radiology Tool Market Size Forecasted To Achieve $3.4 Billion By 2029 With Steady Growth
Artificial Intelligence (AI) Radiology Tool Market
What Is the Artificial Intelligence (AI) Radiology Tool Market Size and Projected Growth Rate?
The artificial intelligence (AI) radiology tool market has expanded rapidly and is expected to rise from $1.48 billion in 2024 to $1.75 billion in 2025 at a CAGR of 18.3%. The market benefited from government support, AI's role in improving diagnostic precision, the shift toward personalized medicine, broader AI adoption in imaging, and higher diagnostic efficiency.
The artificial intelligence (AI) radiology tool market is expected to grow swiftly, reaching $3.4 billion by 2029 at a CAGR of 18.0%, supported by diagnostic efficiency needs, growing imaging volumes, and AI technology adoption; trends include tele-imaging expansion, proactive care models, and AI integration in health systems.
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What Are the Major Segments in the Artificial Intelligence (AI) Radiology Tool Market?
The artificial intelligence (AI) radiology tool market covered in this report is segmented -
1) By Type: Diagnostic Radiology, Interventional Radiology
2) By Application: Eye Care, Oncology, Radiology, Cardiovascular, Pathology, Other Applications
3) By End-User: Clinics, Hospitals, Diagnostic Centers, Other End-Users
Subsegments:
1) By Diagnostic Radiology: Ai For Image Interpretation (Detecting Fractures, Tumors, Or Abnormalities), Ai In Ct (Computed Tomography) Scanning, Ai In Mri (Magnetic Resonance Imaging) Scanning, Ai For X-Ray Imaging And Analysis, Ai In Ultrasound Imaging, Ai-Based Computer-Aided Detection (Cad) Systems, Ai For Radiology Workflow Automation (Prioritizing Cases, Report Generation)
2) By Interventional Radiology: Ai For Image-Guided Procedures (Guiding Catheter Placement), Ai In Minimally Invasive Surgery (Tumor Ablation, Biopsies), Ai For Real-Time Decision Support In Interventional Procedures, Ai In Radiation Dose Optimization For Interventional Radiology, Ai-Assisted Navigation Systems For Procedures Like Angioplasty, Ai In Post-Procedure Monitoring And Outcome Prediction
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What Are The Driving Artificial Intelligence (AI) Radiology Tool Market Evolution?
The rising preference for personalized medicine is projected to drive the artificial intelligence (AI) radiology tool market. Personalized medicine involves tailoring healthcare based on individual patient traits and is fueled by advances in genomics and molecular biology. AI radiology tools support this trend by delivering accurate diagnostics, integrating genomic data, and enabling real-time monitoring for customized treatments. For instance, in February 2024, the Personalized Medicine Coalition reported the FDA approved 16 personalized therapies for rare diseases in 2023, up from six in 2022. Thus, personalized medicine growth is propelling the AI radiology tool market.
Which Firms Dominate The Artificial Intelligence (AI) Radiology Tool Market Segments?
Major companies operating in the artificial intelligence (AI) radiology tool market are Google LLC, Samsung Electronics Co. Ltd, Microsoft Corporation, Intel Corporation, International Business Machines Corp., NVIDIA Corporation, Siemens Healthcare Private Limited, Koninklijke Philips N.V., GE HealthCare, Nuance Communications Inc., Aidoc Medical, OXOS Medical, Subtle Medical Inc., Enlitic Inc., Arterys Inc., Aidence.com, Oxipit.ai, Zebra Medical Vision, CellmatiQ GmbH, Azmed
What Artificial Intelligence (AI) Radiology Tool Market Trends Are Gaining Traction Across Different Segments?
Companies in the AI radiology tool market are developing advanced AI platforms to enhance radiologists' diagnostic capabilities. Radiology Partners launched RPX AI in November 2023, a cloud-based platform that integrates AI tools to assist in medical imaging, aiming to improve diagnosis and streamline the adoption of AI models in healthcare systems.
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Which Is The Largest Region In The Artificial Intelligence (AI) Radiology Tool Market?
North America was the largest region in the artificial intelligence (AI) radiology tool market in 2023. The regions covered in the artificial intelligence (AI) radiology tool market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Intelligence (AI) Radiology Tool Market?
2. What is the CAGR expected in the Artificial Intelligence (AI) Radiology Tool Market?
3. What Are the Key Innovations Transforming the Artificial Intelligence (AI) Radiology Tool Industry?
4. Which Region Is Leading the Artificial Intelligence (AI) Radiology Tool Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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