The global AI based Medical Imaging market was valued at USD 764.44 million in the year 2021 with North America region leading the regional market share. Some of the key factors driving the AI based Medical Imaging market growth are growing prevalence of chronic diseases, rising geriatric population, technological advancements in medical diagnosis, increased demand for AI tools in the medical field, an influx of large and complex datasets and an increase in cross-industry partnerships and collaborations. All these factors will be driving the adoption of AI-based technologies in medical diagnosis.
Furthermore, constantly rising healthcare expenditure by individuals and governments across the globe is fuelling the demand for high-quality healthcare services such as AI based medical imaging.
The Asia Pacific is estimated to be the fastest-growing region owing to the rising prevalence of diseases and the increasing population. Furthermore, rapidly evolving healthcare infrastructure in Asian countries such as China, India and South Korea is boosting the market growth.
The COVID-19 has had a positive impact on the AI based medical imaging market. This is due to the growing demand for imaging CT scan during the pandemic to detect various chest infections, ultrasounds and MRIs among the patients. The demand for portable ultrasound devices has increased tremendously. Government organizations invested huge amounts on these platforms to lower risk of COVID 19. Moreover, AI based diagnosis of ultrasound presents a faster delivery of contactless diagnosis procedure, which reduces transmission rate of virus.
In 2021, GE healthcare announced acquisition of BK Medical, a leader in advanced surgical visualization worth USD 3 Billion. With this acquisition, GE Healthcare has added a fast-growing and new field of real-time surgical visualization to its operative Ultrasound capabilities. This acquisition is likely to expand GE Healthcare’s Ultrasound business from diagnostics into surgical and therapeutic interventions. Real-time advanced visualization ensures better care, faster surgeries and reduced complications in patient diagnosis.
Furthermore, constantly rising healthcare expenditure by individuals and governments across the globe is fuelling the demand for high-quality healthcare services such as AI based medical imaging.
The Asia Pacific is estimated to be the fastest-growing region owing to the rising prevalence of diseases and the increasing population. Furthermore, rapidly evolving healthcare infrastructure in Asian countries such as China, India and South Korea is boosting the market growth.
The COVID-19 has had a positive impact on the AI based medical imaging market. This is due to the growing demand for imaging CT scan during the pandemic to detect various chest infections, ultrasounds and MRIs among the patients. The demand for portable ultrasound devices has increased tremendously. Government organizations invested huge amounts on these platforms to lower risk of COVID 19. Moreover, AI based diagnosis of ultrasound presents a faster delivery of contactless diagnosis procedure, which reduces transmission rate of virus.
In 2021, GE healthcare announced acquisition of BK Medical, a leader in advanced surgical visualization worth USD 3 Billion. With this acquisition, GE Healthcare has added a fast-growing and new field of real-time surgical visualization to its operative Ultrasound capabilities. This acquisition is likely to expand GE Healthcare’s Ultrasound business from diagnostics into surgical and therapeutic interventions. Real-time advanced visualization ensures better care, faster surgeries and reduced complications in patient diagnosis.
Scope of the Report:
- The report presents the analysis of AI based Medical Imaging Market for the historical period of 2017-2021 and the forecast period of 2022-2027.
- The report analyses the AI based Medical Imaging Market by value (USD Million).
- The report analyses the AI based Medical Imaging Market Image acquisition technology (X-ray, Ultrasound, MRI, CT scan and others).
- The report analyses the AI based Medical Imaging Market by Application (Neurology, Respiratory System, Oncology, Cardiovascular and Others).
- The report analyses the AI based Medical Imaging Market by End User (Hospitals, Clinics and Others).
- The Global AI based Medical Imaging Market has been analysed By Region (North America, Europe, Asia Pacific, Latin America and MEA).
- The Global AI based Medical Imaging Market has been analysed By Country (United States, Canada, Germany, United Kingdom, France, Italy, China, Japan, India, and South Korea).
- The key insights of the report have been presented through the frameworks of leading company market share. Also, the attractiveness of the market has been presented by region, by Image acquisition technology, by Application and by End User.
- Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
- The report tracks major technological innovations, mergers & acquisitions and role of manufacturers. The companies analysed in the report include IBM Watson Health, GE Healthcare, Philips, Butterfly Network, Nano-X, Hologic, Lunit, Artery's and Siemens Healthineers.
Key Target Audience:
- Medical Device Companies
- Hospitals, Clinics, and Healthcare Units
- Research and Development (R&D) Organizations
- Government Bodies & Regulating Authorities
- Consulting and Advisory Firms
- Investment Banks and Equity Firms
Table of Contents
1. Report Scope and Methodology
4. Global AI based Medical Imaging Market: An Analysis
5. Global AI based Medical Imaging Market: Segmental Analysis
6. Global AI based Medical Imaging Market: Segment Analysis
7. Global AI based Medical Imaging Market: Segment Analysis
8. Global AI based Medical Imaging Market: Regional Analysis
9. North America AI based Medical Imaging Market: An Analysis (2017-2027)
10. Europe AI based Medical Imaging Market: An Analysis (2017-2027)
11. Asia Pacific AI based Medical Imaging Market: An Analysis (2017-2027)
12. Latin America AI based Medical Imaging Market
13. Middle East & Africa AI based Medical Imaging Market
14. Global AI based Medical Imaging Market Dynamics
15. Market Attractiveness and Strategic Analysis
16. Competitive Landscape
17. Company Profiles (Business Description, Financial Analysis, Business Strategy)
List Of Figures
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | June 2022 |
Forecast Period | 2022 - 2027 |
Estimated Market Value ( USD | $ 0.94 Billion |
Forecasted Market Value ( USD | $ 3.73 Billion |
Compound Annual Growth Rate | 31.8% |
Regions Covered | Global |