AI-Enabled Medical Imaging Solutions Market to Reach USD 4,720.6 Million by 2027; Growing at a CAGR of 31.3%, says Emergen Research

The global AI-Enabled Medical Imaging Solutions Market is forecasted to be worth USD 4,720.6 Million by 2027, according to a current analysis by Emergen Research. The market for AI-enabled medical imaging solutions is witnessing high demand due to the increased complexities of clinical decision-making. The integration of artificial intelligence in medical imaging has become an important requirement. It has the potential to transform medical imaging in both productivity and accuracy.

The technology is garnering a lot of attention and gaining popularity owing to its wide range of benefits. The primary benefit of technology is the radical improvement in radiologists, pathologists, and other image-based diagnosticians’ efficiency. Artificial intelligence can also boost the volume of diagnostic imaging procedures in hospitals and diagnostic departments. AI-enabled solutions are anticipated to garner substantial traction owing to their ability to detect cancer at early stages and track tumor growth.

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The development of advanced learning algorithms and the increasing availability of novel solutions for medical imaging application is also aiding in the expansion of AI in medical imaging. The ongoing COVID-19 pandemic has increased the burden on hospitals, and other healthcare sectors and the advanced technologies such as virtual healthcare management and artificial intelligence (AI) have played a pivotal role in curbing the spread of the infection. The technology has also helped the doctors diagnose COVID-19 infection and assess the severity of the condition.

Key Highlights from the Report:

  • The computed tomography (CT) sub-segment is witnessing a booming growth owing to the high incidences of various lifestyle-associated chronic illnesses, such as cardiovascular diseases, hypertension, and cancer. The rising demand for imaging tools and advanced imaging solutions is further adding to the segment’s growth.
  • Machine Learning (ML) has several usages and benefits owing to its image acquisition process. The applications range from the selection of automated image protocol to ensuring the patient’s position is accurate for the scanning process. This can result in a diminished need for repeat scans, thereby saving the time of patient and provider.
  • North America accounted for a significant share of the industry owing to the escalating demand for AI and AI-enabled solutions in the United States. The presence of major market players, advancements in healthcare infrastructure, and the mounting financial support for research and development activities are further contributing to the regional growth.
  • Prominent players of the industry are Blackford Analysis Limited, Arterys Inc., Aidoc, Ltd., EnvoyAI, Beijing Infervision Technology Co., General Electric Company, Nuance Communications, Inc., iCAD, Inc., ContextVision AB, and Fujifilm Holdings Corporation, among others.

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For the purpose of this report, Emergen Research has segmented the Global AI-Enabled Medical Imaging Solutions on the basis of product, workflow, therapeutic application, deployment mode, modality, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

  • Software
    • Subscription Software License
    • Fee-Per Case Software License
    • Perpetual Software License
  • Hardware

Workflow Outlook (Revenue, USD Billion; 2017-2027)

  • Image Analysis
  • Image Acquisition
  • Predictive Analysis and Risk Assessment
  • Reporting and Communication
  • Triage
  • Detection
  • Equipment Maintenance
  • Diagnosis and Treatment Decision Support

Therapeutic Application Outlook (Revenue, USD Billion; 2017-2027)

  • General Imaging
  • Specialty Imaging
    • Orthopedics
    • Respiratory
    • Oncology
    • Cardiology
    • Neurology
    • Others

Deployment Mode Outlook (Revenue, USD Billion; 2017-2027)

  • Cloud- and Web-Based Solutions
  • On-Premise Solutions

Modality Outlook (Revenue, USD Billion; 2017-2027)

  • Magnetic Resonance (MR)
  • Imaging Systems
  • X-Ray
  • Mammography
  • Computed Tomography (CT)
  • Multimodality Imaging Systems
  • Ultrasound
  • Others

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Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • Rest of MEA

Reasons to buy the report:

  1. This study segments the AI-Enabled Medical Imaging Solutions market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
  2. The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the AI-Enabled Medical Imaging Solutions sectors.
  3. This AI-Enabled Medical Imaging Solutions report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the AI-Enabled Medical Imaging Solutions market.

Key features of the report:

  • To study the key aspects impacting the AI-Enabled Medical Imaging Solutions market size.
  • To identify growth prospects in the AI-Enabled Medical Imaging Solutions market.
  • To analyze the AI-Enabled Medical Imaging Solutions market segments and deduce the dominant trends observed in the industry.
  • To examine the AI-Enabled Medical Imaging Solutions market by investigating the available products, market share, and value proposition of the products.
  • To analyze the industry by assessing the scope and application of the AI-Enabled Medical Imaging Solutions market and highlight the growth of each application.

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2020-2030

Chapter 3. Key Insights

Chapter 4. AI-Enabled Medical Imaging Solutions Market Segmentation & Impact Analysis

    4.1. AI-Enabled Medical Imaging Solutions Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers’ analysis

          4.2.3. Market restraints analysis

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Continued…

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