Press release
Steady Expansion Forecast for Computer Vision in Healthcare Market, Projected to Reach $15.43 Billion by 2029
Computer Vision in Healthcare
Computer Vision in Healare Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of computer vision in healare has seen an explosive growth lately. It's projected to escalate from $2.18 billion in 2024 to a substantial $3.15 billion in 2025, with a compound annual growth rate (CAGR) hitting 44.5%. The phenomenal growth in the previous period is owed to factors such as increased healare data accessibility, regulatory backing, better processing performance, and elevated diagnostic accuracy.
Computer Vision in Healare Market Size Forecast: What's the Projected Valuation by 2029?
The market size of computer vision in healare is predicted to experience a surge in the foroming years, reaching a value of $15.43 billion in 2029 with a compound annual growth rate (CAGR) of 48.8%. The significant expansion during the forecast period can be credited to factors such as the implementation of predictive analytics in radiology, global health crisis initiatives, the focus on human-centered design, and the adoption of point-of-care imaging solutions. Noteworthy market trends for the forecast period include the enhancement of medical imaging, improved disease detection and diagnosis, the use of robotics and assistance in surgery, advances in drug discovery and development, and an emphasis on interoperability and integration.
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What Are the Drivers Transforming the Computer Vision in Healare Market?
The increased utilization of AI-oriented technology in the healare industry is propelling the expansion of the computer vision in healare market. Artificial intelligence embodies the capacity of a machine to execute tasks typically done by humans. AI-based technologies in computer vision encompass natural language processing (NLP), allowing computers to interpret text and spoken words similarly to humans. For example, as per the ACR Data Science Institute, a US-based entity that develops a system for utilizing machine learning in radiology professions, about 30% of radiologists in July 2022 utilize AI in current practice to improve the process of radiology imaging. Consequently, the embrace of AI-oriented technologies is fueling the uptake of computer vision in the healare market's growth.
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What Long-Term Trends Will Define the Future of the Computer Vision in Healare Market?
Leading businesses in the healare computer vision sector are paying increased attention to the development of advanced validation software as a strategy to secure a competitive advantage in the market. Validation software, an application or computer program, is devised to validate and guarantee the alignment of a specific process, system, or software with recognized standards and rules. For example, in March 2023, Landing AI, an American computer vision cloud platform, unveiled the first-ever validation-ready computer vision software tailored for FDA-regulated producers. This software is designed to accelerate innovation for life-enhancing drugs and medical devices across the medical device, pharmaceutical, and life sciences sectors.
Which Segments in the Computer Vision in Healare Market Offer the Most Profit Potential?
The computer vision in healaremarket covered in this report is segmented -
1) By Product: Software, Hardware, Network, Memory
2) By Application: Medical Imaging & Diagnostics, Surgeries, Clinical Trials, Patient Management and Research
3) By End Users: Healare Providers, Diagnostic Centers
Subsegments:
1) By Software: Imaging Software, Diagnostic Software, Analytical Software
2) By Hardware: Imaging Devices, Processing Units
3) By Network: Cloud Services, Local Area Networks (LAN)
4) By Memory: Storage Solutions, Data Backup Systems
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Which Firms Dominate the Computer Vision in Healare Market by Market Share and Revenue in 2025?
Major companies operating in the computer vision in healare market include NVIDIA Corporation, International Business Machines Corporation (IBM), Alphabet Inc., Microsoft Corporation, Intel Corporation, Basler AG, AiCure Technologies Inc., iCAD Inc., Xilinx Inc., Arterys Inc., Comofi Medtech Pvt. Ltd., SenseTime Technologies Limited, GE Healare Technologies Inc., Koninklijke Philips N. V., Siemens AG, erfly Network Inc., Caption Health Inc., CureMetrix Inc., Enlitic Inc., Freenome Holdings Inc., Gauss Surgical Inc., Hologic Inc., IDx Technologies Inc., Imagen Technologies Inc., Kheiron Medical Technologies Ltd., MaxQ AI Ltd., Medopad Ltd., Paige. AI Inc., Proscia Inc., Riverain Technologies LLC, Viz. ai Inc., Zebra Medical Vision Ltd., Aidence B. V., Deep Lens Inc., EnsoData Inc., Fovia Inc., G42 Healare LLC, GNS Healare Inc., HealthMyne Inc., HeartFlow Inc., Image Analysis Group LLC, Infinitt Healare Co. Ltd., Kinetica Inc., Lunit Inc.
Which Regions Offer the Highest Growth Potential in the Computer Vision in Healare Market?
Europe was the largest region in the computer vision in healare market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the computer vision in healare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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