AI Medical Image Analytics Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 12.5 Billion by 2030, growing at a CAGR of 22.5% from 2024 to 2030.
The AI medical image analytics market has experienced significant growth from 2018 to 2022, driven by increasing adoption of artificial intelligence (AI) and machine learning technologies in the healthcare sector. The market's expansion is closely tied to the need for enhanced diagnostic accuracy, improved treatment planning, and the growing demand for faster, more efficient healthcare services. The period saw numerous advancements in AI-powered imaging solutions, including the use of deep learning algorithms to analyze medical images such as X-rays, MRIs, and CT scans with precision and speed. The global market size was estimated to be valued at over USD 2 billion by the end of 2022 and is expected to grow at a steady pace in the coming years.
In 2023 and beyond, the AI medical image analytics market is projected to witness a surge in demand, driven by technological advancements, the increasing adoption of AI in healthcare, and expanding healthcare infrastructures worldwide. Market trends show a growing need for AI solutions that can assist in the early detection of diseases like cancer, cardiovascular conditions, and neurological disorders. As healthcare professionals increasingly rely on AI for diagnostics, demand is expected to rise, especially in emerging economies where healthcare systems are expanding rapidly. With the integration of AI into clinical workflows, the market is likely to benefit from greater efficiency, reduced human error, and improved patient outcomes.
Key drivers include the growing geriatric population, advancements in AI technologies, and rising healthcare costs that drive the need for automation and better decision-making tools. In addition, AI's potential to streamline radiology workflows and assist with image interpretation will foster further adoption in both developed and emerging markets. The demand for AI medical image analytics is also expected to rise from healthcare providers seeking more cost-effective solutions to manage high patient volumes, coupled with the increasing use of cloud-based platforms for AI analytics.
For the period between 2023 to 2033, the AI medical image analytics market will see even more robust growth as AI technologies evolve and become more integrated into healthcare practices. Key players in the industry are focusing on developing more sophisticated AI algorithms that can deliver enhanced diagnostic capabilities, while healthcare providers and medical institutions seek to leverage these technologies for better patient outcomes. The introduction of regulatory frameworks will further accelerate adoption and provide much-needed trust for stakeholders in the healthcare ecosystem. As a result, the global demand for AI medical image analytics will experience continued growth, with North America and Europe leading the way, while Asia-Pacific is expected to emerge as a strong contender for market expansion.
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Lunit Inc
Xilis
Shukun Technology
Kheiron
SkinVision
Infervision
Imagene AI
Oncora Medical
Niramai Health Analytix
Enlitic
Maxwell Plus
Therapixel
Ibex
OrigiMed
Tencent
Airdoc
NVIDIA
Axis Communications
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 AI Medical Image Analytics Market
Hospital
Clinic
Imaging Center
Other
Based on Types the Market is categorized into Below types that held the largest AI Medical Image Analytics market share In 2023.
Breast Cancer
Lung Cancer
Prostatic Cancer
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 AI Medical Image Analytics 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 AI Medical Image Analytics Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global AI Medical Image Analytics Market, By Type
6. Global AI Medical Image Analytics Market, By Application
7. Global AI Medical Image Analytics Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global AI Medical Image Analytics Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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