A recent report ongoing study by Infinium Global Research on AI in medical imaging market provides in-depth analysis of segments and sub-segments in the global as well as regional AI in medical imaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional AI in medical imaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global AI in medical imaging market. According to the report, the global AI in medical imaging market is projected to grow at a healthy CAGR over the forecast period of 2021-2027.

Market Insight

Artificial intelligence (AI) is the branch of technology that aims to emulate human intelligence through intelligent systems like image analysis and speech recognition. Medical imaging is that the technique and process of imaging the inside of a body for clinical analysis and medical intervention, in addition to a visual representation of the function of some organs or tissues. AI methods excel automatically recognizing complex patterns in imaging data and providing quantitative, instead of qualitative, assessments of radiographic characteristics. The appliance of computer science (AI) in medical imaging is one of the foremost promising areas of health and medical innovation. Certainly, AI finds various applications in medical imaging like image acquisition, processing to aided reporting, follow-up planning, data storage, data processing, and others. In recent years, AI has shown remarkable precision and sensitivity within the classification of imaging abnormalities and ensures to enhance tissue-based detection and characterization.

The rising ability and achievement of personalized treatment, improved procedures, and treatment of the patients is the vital factor escalating the market growth. An increasing number of diagnostic procedures, increasing prevalence of diseases, rising favorable reimbursement policies, rising presence of key players, and favorable government regulations will propel the market growth. The rising advancement of healthcare infrastructure in developing countries such as India, and China will enhance the market expansion. The rising prevalence of various chronic diseases such as cancer and cardiovascular conditions are the major factors that are enhancing artificial intelligence in the medical imaging market. Moreover, rising technological advancements and modernization in the healthcare sector and rising emerging markets with an increasing geriatric population base will further create new opportunities for artificial intelligence in the medical imaging market in the forecasted period. However, the rising lack of integration and practical applications of artificial intelligence and the increasing cost is the major factor affecting the market growth. The reluctance of adoption of these systems is the factor that hampers the market growth during the forecast period. This will further restrain the growth of artificial intelligence in the medical imaging market during the forecast period.

On the basis of regional presence, the global AI in Medical Imaging Market is diversified into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa Regions. North America accounted for the largest market share during the forecast period. However, the APAC market is projected to register the highest during the forecast period, primarily due to the growth strategies adopted by various companies in emerging markets. Improved medical diagnostic infrastructure, increasing geriatric population, rising prevalence of cancer will propel the regional growth. Supportive government initiatives for AI in healthcare, and the increasing number of COVID-19 positive patients in Europe will drive the growth of the region.

Segment Covered

The report on global AI in medical imaging market covers segments such as component , application, and end user. On the basis of component , the sub-markets include software, and service. On the basis of application, the sub-markets include radiology, In Vivo, OB/GYN, MRI, CT, ultrasound, and IVD. On the basis of end user, the sub-markets include hospitals, diagnostic laboratory, and diagnostic imaging center.

Companies Profiled:

The report provides profiles of the companies in the market such as NVIDIA Corporation, IBM, Intel, Siemens Healthineers, GE Healthcare, Digital Diagnostics, InformAI, Day Zero Diagnostics, Butterfly Network, and Zebra Medical Vision.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of AI in medical imaging market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.