A recent report published by Infinium Global Research on the AI-enabled imaging solutions market provides in-depth analysis of segments and sub-segments in the global as well as regional AI-enabled imaging solutions market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional AI-enabled imaging solutions market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global AI-enabled imaging solutions market. According to the report, the global AI-enabled imaging solutions market is projected to grow at a CAGR of nearly 32% over the forecast period of 2022-2028.
The revenue generated by the AI-enabled imaging solutions market was about USD 1.2 billion in 2022 and is expected to be around USD 6.2 billion in 2028 and is expected to grow with a CAGR of about nearly 32% over the forecast period 2022-2028. Artificial intelligence (AI) is an emerging technology that uses computerized algorithms to research complex data. AI is actively utilized in the medical field. In the market landscape global AI-enabled imaging solutions market is currently witnessing a significant change. For efficient and promising results in treatment and diagnosis assistance, the investment in the development of healthcare infrastructure is rising. For the AI-enabled imaging solutions market, this is leading to potential growth opportunities. In the healthcare space, there is an extensive entry of emerging players developing AI-powered imaging systems, and software companies. In sales of AI-based imaging solution systems across the globe these predominant factors have led to a significant rise.
The COVID-19 pandemic is anticipated to create lucrative opportunities for healthcare professionals. In the global AI-enabled imaging solutions market, the outbreak of the global COVID-19 pandemic has brought out a revolution. Due to the rising awareness and surging adoption of digital healthcare solutions, the AI-enabled imaging solutions market has witnessed a positive impact. To fight disease transmission at early stages, AI is highly beneficial for gaining insights & proper diagnoses that can help find a solution. For fighting the COVID-19 pandemic this incredibly advanced technology is likely to be extensively used. However, AI is being deployed in radiology departments across the world to assist fight the COVID-19 pandemic. Huge R&D investment, increasing complexities of clinical decision making, expanding range of applications, and shortage of healthcare workforce are the major driving factors of the AI-enabled imaging solutions market. In the healthcare market, the rising awareness of benefits entwined with extensive AI-based applications has propelled AI-enabled Imaging solutions. With AI providers developing innovative AI-based solutions several leading companies in the market are venturing into partnerships and collaborations and offering cutting-edge solutions to their customers. These strategies help market players build up their position. Rapidly evolving machine and deep learning techniques will create growth opportunities within the forecast period. The market growth is boosted by a surging number of Cross-Industry partnerships.
In terms of region, North America generated the biggest revenue within the global AI-enabled imaging solutions market and is anticipated to stay the leading market over the forecast years. The Asia Pacific is the fastest-growing market. For AI-enabled imaging solutions in North America, the United States holds the largest market share. The market growth in the forecast period is fueled by the availability of leading industry players and the rapid development of AI-based diagnosis software across the region. Moreover, the presence of major players and skilled manpower, and growing technological advancements within the region are anticipated to grow at a faster rate.
The report on the global AI-enabled imaging solutions market covers segments such as offering, image acquisition technology, and end-user. On the basis of offering, the sub-markets include software tools/platform, and services. On the basis of image acquisition technology, the sub-markets include X-ray, computed tomography, magnetic resonance imaging, ultrasound imaging, and molecular imaging. On the basis of end-user, the sub-markets include hospitals, clinics, and research laboratories & diagnostic centers.
The report provides profiles of the companies in the market such as Zebra Medical Vision, Inc., Siemens Healthineers AG, Philips Healthcare, General Electric Company, IBM Watson Health, Imagen Technologies, Inc., Lunit, Inc., Quibim, S.L., and Other players.
The report provides deep insights into 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 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 the AI-enabled imaging solutions market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. 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 insight into the market share of the leading players.
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