Artificial Intelligence (AI) Enabled Medical Imaging Market is projected to reach USD 3.23 billion in 2023, with a CAGR of 25.9%

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Market Insights

As per recent research by MarkNtel Advisors, The Global Artificial Intelligence (AI) Enabled Medical Imaging Market size was valued at around USD 3.23 billion in 2023 & is projected to reach around USD 16.20 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 25.9% during the forecast period, i.e., 2024-30.

Global Artificial Intelligence (AI) Enabled Medical Imaging Market Driver:

Shortage of Radiologists Necessitating AI Adoption – The market revenue growth has been primarily credited to the shortage of radiologists to cater to the growing global patient population pool. This, thereby affects the quality and efficiency of diagnostic services and fosters the acceptance and utilization of artificial intelligence (AI) enabled medical imaging. Hence, its applications in radiology would augment the competencies of radiologists leading to faster and more accurate diagnoses.

Furthermore, because imaging biomarkers are crucial for the early diagnosis, monitoring, and detection of diseases, their use in clinical settings is increasing. However, the enormous volumes of data produced by imaging biomarkers would need the implementation of advanced technology for analysis and interpretation, requiring additional manual work. As a result, there is an increasing dependence on artificial intelligence (AI) in medical imaging due to the rising integration of imaging biomarkers and the severe radiologists shortage. Because of this, there will be a continued increase in demand in the future years for AI-enabled imaging solutions. So, if such a shortage of skilled radiologists continues, the AI-enabled medical imaging market is anticipated to grow & flourish in the coming years at a steady growth rate.

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Market Segmentation and Consumer Behavior:

By Component

Hardware- Market Size & Forecast 2019-2030F, (USD Million)
Software- Market Size & Forecast 2019-2030F, (USD Million)
- Perpetual Software License- Market Size & Forecast 2019-2030F, (USD Million)
- Subscription Software License- Market Size & Forecast 2019-2030F, (USD Million)
- Pay as You Go Software License- Market Size & Forecast 2019-2030F, (USD Million)

By Workflow

Image Analysis- Market Size & Forecast 2019-2030F, (USD Million)
Image Acquisition- Market Size & Forecast 2019-2030F, (USD Million)
Detection- Market Size & Forecast 2019-2030F, (USD Million)
Reporting & Communication- Market Size & Forecast 2019-2030F, (USD Million)
Diagnosis & Treatment Decision Support- Market Size & Forecast 2019-2030F, (USD Million)
Predictive Analysis & Risk Assessment- Market Size & Forecast 2019-2030F, (USD Million)
Equipment Maintenance- Market Size & Forecast 2019-2030F, (USD Million)
Triage- Market Size & Forecast 2019-2030F, (USD Million)

By Technology

Deep Learning- Market Size & Forecast 2019-2030F, (USD Million)
Machine Learning- Market Size & Forecast 2019-2030F, (USD Million)
Computer Vision- Market Size & Forecast 2019-2030F, (USD Million)
Natural Language Processing (NLP)- Market Size & Forecast 2019-2030F, (USD Million)
Others- Market Size & Forecast 2019-2030F, (USD Million)

By Therapeutic Application

Specialty Imaging- Market Size & Forecast 2019-2030F, (USD Million)
- Cardiology- Market Size & Forecast 2019-2030F, (USD Million)
- Oncology– Market Size & Forecast 2019-2030F, (USD Million)
  - Lung Cancer- Market Size & Forecast 2019-2030F, (USD Million)
  - Breast Cancer- Market Size & Forecast 2019-2030F, (USD Million)
  - Other Cancers- Market Size & Forecast 2019-2030F, (USD Million)
- Neurology- Market Size & Forecast 2019-2030F, (USD Million)
- Respiratory- Market Size & Forecast 2019-2030F, (USD Million)
- Orthopedics- Market Size & Forecast 2019-2030F, (USD Million)
- Others- Market Size & Forecast 2019-2030F, (USD Million)
General Imaging- Market Size & Forecast 2019-2030F, (USD Million)

By Deployment

Cloud- Market Size & Forecast 2019-2030F, (USD Million)
On-Premise- Market Size & Forecast 2019-2030F, (USD Million)

By Modality

Computed Tomography- Market Size & Forecast 2019-2030F, (USD Million)
Magnetic Resonance- Market Size & Forecast 2019-2030F, (USD Million)
Ultrasound- Market Size & Forecast 2019-2030F, (USD Million)
X-Ray- Market Size & Forecast 2019-2030F, (USD Million)
Mammography- Market Size & Forecast 2019-2030F, (USD Million)
Multimodality Imaging Systems- Market Size & Forecast 2019-2030F, (USD Million)
Others- Market Size & Forecast 2019-2030F, (USD Million)

By End Users

Hospitals- Market Size & Forecast 2019-2030F, (USD Million)
Clinics- Market Size & Forecast 2019-2030F, (USD Million)
Diagnostics Centers- Market Size & Forecast 2019-2030F, (USD Million)
Others- Market Size & Forecast 2019-2030F, (USD Million)

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Artificial Intelligence (AI) Enabled Medical Imaging Market Geographical Analysis:

By Region:

North America
South America
Europe
Asia Pacific
Middle East & Africa

Key Players and Competitive Strategies in the Artificial Intelligence (AI) Enabled Medical Imaging Market

Several prominent players dominate the Artificial Intelligence (AI) Enabled Medical Imaging Market, including:

Aidoc
Arterys Inc.
Beijing Infervision Technology Co., Ltd.
Blackford Analysis Limited
ContextVision AB
EnvoyAI
Fujifilm Holdings Corporation
General Electric Company
iCAD, Inc.
Koninklijke Philips N.V.
Mirada Medical Limited
NVIDIA Corporation
Nuance Communications, Inc.
Resonance Health Ltd.
Samsung Electronics Co., Ltd.

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Questions Addressed in this Study

1.What factors are driving the Artificial Intelligence (AI) Enabled Medical Imaging Market growth?

2.How is the Artificial Intelligence (AI) Enabled Medical Imaging Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Artificial Intelligence (AI) Enabled Medical Imaging Market?

4.What is the current size of the Artificial Intelligence (AI) Enabled Medical Imaging Market, and how is it projected to change in the future?

5.What is the future outlook for the Artificial Intelligence (AI) Enabled Medical Imaging Market in terms of technological advancements and market expansion?

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Artificial Intelligence (AI) Enabled Medical Imaging Market Growth

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