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AI (Artificial Intelligence) in Medical Imaging Market Analysis, Size, Share, Growth, Trends, and Forecast 2023-2031

03-26-2024 03:16 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

The AI (Artificial Intelligence) in medical imaging market is experiencing a remarkable surge, poised to transform the landscape of healthcare diagnostics globally. With a value of US$ 1.3 billion in 2022, the market is estimated to exhibit a staggering CAGR of 40.3%, reaching an impressive US$ 26.8 billion by 2031. This exponential growth is fueled by the integration of AI technology into medical imaging processes, enabling early and precise diagnosis of various diseases. The market is witnessing a paradigm shift in the healthcare sector, driven by factors such as the expansion of the healthcare industry, increased availability of data, and the imperative for accurate and efficient diagnosis.

Industry Overview: Artificial intelligence, mimicking human intelligence in machines, finds extensive applications in healthcare. AI solutions in healthcare aid providers in patient care and administrative processes. The incorporation of AI in medical imaging has revolutionized diagnostics, offering support in image capturing and interpretation for personalized treatment.

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Emerging Trends: Telemedicine is rapidly becoming indispensable in healthcare, driving the demand for AI in medical imaging. Remote access to medical imaging services accelerates diagnosis and treatment, making AI algorithms pivotal in analyzing images efficiently and accurately.

Market Dynamics: The surge in telemedicine, catalyzed by the COVID-19 pandemic, underscores the need for faster and more precise diagnosis, propelling the adoption of AI in medical imaging. AI algorithms offer speed and accuracy in analyzing vast volumes of imaging data, enhancing healthcare delivery efficiency.

Opportunities and Challenges: While the market presents immense opportunities, challenges such as data privacy concerns and the need for robust regulatory frameworks exist. Collaborations between tech companies and healthcare providers can address these challenges, fostering market growth.

Future Outlook: North America leads the AI in medical imaging market, attributed to early technology adoption and a robust healthcare system. However, Asia Pacific is projected to witness the fastest growth, driven by the prevalence of chronic diseases and the demand for advanced imaging technologies.

Companies Profiled
• Autodesk, Inc.
• Ada Health GmbH
• Arterys
• Bay Labs, Inc.
• Babylon
• BenevolentAI
• Butterfly Network, Inc.
• EchoNous, Inc.
• Enlitic, Inc.
• Gauss Surgical
• GE Healthcare
• IBM Corporation
• Lunit Inc.
• Microsoft
• NVIDIA Corporation
• Philips Healthcare
• OrCam
• Qure.ai
• Siemens Healthineers AG
• Zebra Medical Vision

Regional Analysis: North America dominates the market, while Asia Pacific presents significant growth potential due to the high prevalence of chronic diseases and the need for advanced diagnostic tools.

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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