Artificial Intelligence in the Medical Imaging Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 12.4 Billion by 2030, growing at a CAGR of 22.6% from 2024 to 2030.
In 2023, demand for AI in the medical imaging market is poised to surge even further, as healthcare systems worldwide continue to adopt AI technologies to improve patient outcomes. AI has shown great promise in enhancing early diagnosis, particularly for conditions such as cancer, neurological disorders, and cardiovascular diseases. The widespread adoption of cloud-based AI solutions, combined with increased data accessibility and advancements in deep learning models, are driving a greater reliance on AI-powered diagnostic systems. By 2025, the market is expected to reach USD 6.5 billion, with many large healthcare providers and hospitals adopting AI technology to streamline diagnostic workflows and improve patient care efficiency.
In the 2023-2033 forecast period, several key factors are expected to influence the AI medical imaging market's growth trajectory. The ongoing integration of AI systems with existing imaging technologies, such as MRI, CT, and X-ray systems, will lead to faster and more accurate interpretations. Additionally, AI’s ability to support radiologists by identifying patterns not easily visible to the human eye will enhance diagnostic precision and help in the early detection of diseases. Furthermore, AI-powered systems are likely to reduce healthcare costs by improving diagnostic accuracy, reducing the need for expensive follow-up tests, and minimizing unnecessary procedures. The rising demand for personalized medicine and the growing importance of predictive analytics will further fuel market demand through 2033.
Despite these promising trends, challenges remain. These include concerns about data privacy, regulatory hurdles, and the need for continuous AI model training to ensure their accuracy. There are also concerns about the potential job displacement of radiologists due to the automation of imaging processes. However, industry experts believe that rather than replacing professionals, AI will enhance their capabilities and reduce their workload, enabling them to focus on more complex and critical tasks.
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The Artificial Intelligence (AI) in the Medical Imaging Market has seen significant growth from 2018 to 2022, driven by advancements in machine learning algorithms and increasing adoption of AI-based diagnostic tools. The global market has grown steadily, with AI improving the accuracy of diagnostic procedures and aiding in faster decision-making for medical professionals. By automating routine tasks, AI-powered systems are not only reducing human error but also allowing for quicker, more precise imaging results. As of 2022, the market was valued at over USD 2 billion and was expected to grow at a compound annual growth rate (CAGR) of 30% through 2025, highlighting the increasing need for AI applications in medical imaging.
NVIDIA Corporation
GE Healthcare
Siemens
Aidoc
3Scan
Agfa Healthcare
Arterys
Butterfly Network
Inc.
EchoNous
Inc.
Enlitic
Inc.
IBM Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Artificial Intelligence in the Medical Imaging Market
Hospitals
Diagnostic Centers
Based on Types the Market is categorized into Below types that held the largest Artificial Intelligence in the Medical Imaging market share In 2023.
Digital Pathology
Oncology
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Artificial Intelligence in the Medical Imaging Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Artificial Intelligence in the Medical Imaging Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Artificial Intelligence in the Medical Imaging Market, By Type
6. Global Artificial Intelligence in the Medical Imaging Market, By Application
7. Global Artificial Intelligence in the Medical Imaging Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Artificial Intelligence in the Medical Imaging Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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