Global AI-Enabled Imaging Solutions Market Growth Accelerates: Strategic Forecast Predicts $10.21 Billion by 2029

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What Will the AI-Enabled Imaging Solutions Industry Market Size Be by 2025?
The expansion of the market size for AI-enabled imaging solutions has been rapid in the past few years. The market, valued at $3.22 billion in 2024, is projected to surge to a value of $4.11 billion in 2025, registering a substantial compound annual growth rate (CAGR) of 27.4%. Factors contributing to growth in the previous period may include: heightened demand for accurate diagnostics and treatment strategies, amplification in healthcare expenditures, an upsurge in incidence of chronic illnesses, increasing use of AI in image processing for cancer diagnosis, significant expansion in government initiatives, and an escalation in funds for research on AI and establishing healthcare infrastructure.

What's the Long-Term Growth Forecast for the AI-Enabled Imaging Solutions Market Size Through 2029?
The market size for AI-enabled imaging solutions is predicted to undergo immense expansion in the coming years. The market is set to increase to $10.21 billion by 2029, with a compound annual growth rate (CAGR) of 25.6%. The surge for the forecast period is expected due to numerous factors such as the proliferation of telemedicine, a rising interest in preventive healthcare, an upsurge in partnerships and collaborations amongst healthcare providers and AI solution providers, and adaptation to changing regulatory and ethical guidelines. Key trends anticipated during this forecast period include the development of AI algorithms, unification of multiple imaging modalities, the reliance on cloud-based AI solutions, increased interest in explainable AI (XAI), and the incorporation of edge computing in AI-enabled imaging devices.

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What Are the Key Growth Drivers Fueling the AI-Enabled Imaging Solutions Market Expansion?
The increase in breast cancer instances is predicted to fuel the expansion of the market for AI-enabled imaging solutions. Breast cancer is represented by the uncontrolled proliferation of cells in breast tissue, potentially leading to a malignant tumor that may metastasize. Lifestyle changes such as diet and lack of physical activity, along with hormonal factors, can be credited for the spike in breast cancer cases, intensifying the need for all-encompassing healthcare solutions. AI-assisted imaging solutions contribute to early breast cancer detection via automated mammogram analysis, heightening diagnostic precision and facilitating prompt treatment, ultimately improving patient prognosis. For instance, the American Cancer Society, a nonprofit cancer advocacy body based in the U.S., reported the number of breast cancer cases rose from 284,200 in 2021 to 300,590 in January 2023, marking a 5.76% growth. Hence, the surge in breast cancer cases is propelling the AI-enabled imaging solutions market's expansion.

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What Are the Key Trends Driving AI-Enabled Imaging Solutions Market Growth?
The AI-enabled imaging solutions market has seen significant efforts by key players to develop advanced solutions like AI-enabled MRI (Magnetic Resonance Imaging) systems in order to increase their market share. An AI-enabled MRI system is an MRI scanner equipped with artificial intelligence capabilities, leading to improved image collection, processing, analysis, and interpretation. For example, in December 2023, GE Healthcare Technologies Inc., a medical technology company based in the US, launched an AI-enabled MRI system called SIGNA Champion. This system boasts sophisticated AI and deep learning capabilities, including AIR Recon DL and Sonic DL, resulting in quicker and more accurate scans. The system also offers notable sustainability and operational advantages like a smaller footprint and elevated power efficiency. In addition to the SIGNA Champion, GE Healthcare launched SIGNA PET/MR AIR, using AI technologies to better diagnose and treat conditions like prostate cancer and Alzheimer's disease.

How Is the AI-Enabled Imaging Solutions Market Segmented?
The ai-enabled imaging solutionsmarket covered in this report is segmented -

1) By Offering: Software Tools Or Platform, Services
2) By Image Acquisition Technology: X-ray, Computed Tomography, Magnetic Resonance Imaging, Ultrasound Imaging, Molecular Imaging
3) By Technology: Machine Learning, Natural Language Processing, Context Aware Computing, Computer Vision
4) By End User: Hospitals, Clinics, Research Laboratories And Diagnostic Centers, Cybersecurity

Subsegments:
1) By Software Tools Or Platform: AI-Powered Image Analysis Software, AI-Based Image Recognition Tools, AI Imaging Platforms For Healthcare, AI For Image Enhancement And Editing
2) By Services: AI Image Consulting Services, AI Imaging Implementation Services, AI-Based Imaging Data Analysis Services, Cloud-Based AI Imaging Services

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Which Companies Are Leading the Charge in AI-Enabled Imaging Solutions Market Innovation?
Major companies operating in the AI-enabled imaging solutions market report are Medtronic PLC; NVIDIA Corporation; Siemens Healthineers; Fujifilm Holdings Corporation; Koninklijke Philips N.V.; GE HealthCare Technologies Inc.; Zebra Medical Vision Ltd.; Hologic Inc.; Agfa-Gevaert Group; Samsung Medison Co. Ltd.; Konica Minolta Healthcare Americas Inc.; Intelerad Medical Systems; Hitachi Medical Systems; Merative L.P.; Canon Medical Systems Corporation; Aidoc Medical Ltd.; Butterfly Network Inc.; HeartFlow Inc.; Arterys Inc.; Caption Health Inc.; EchoNous Inc.; Vuno Inc.; Mirada Medical Limited; Resoundant Inc.; Lunit Inc.

Which Regions Are Leading the Global AI-Enabled Imaging Solutions Market in Revenue?
North America was the largest region in the AI-enabled imaging solutions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI-enabled imaging solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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