AI In Medical Imaging Market Overview
AI in Medical Imaging Market was valued at US$ 1.3 Billion in 2024 and is projected to grow at a CAGR of 33.10% to reach US$ 22.5 Billion by 2034.
Medical imaging is changing as a result of artificial intelligence (AI), which is also improving patient care and diagnostic capacities. The use of AI in radiology has progressed quickly; from roughly 100–150 articles annually in 2007–2008 to 700–800 annually in 2016–2017, there has been a significant increase in this field. AI has the power to drastically alter radiology, maybe altering the field more than anything since Roentgen.
Applications of Artificial Intelligence in Medical Imaging: AI is being used in a number of medical imaging-related fields, such as data mining, follow-up planning, assisted reporting, image processing, and storage. Artificial intelligence (AI) technologies can improve diagnostic speed and accuracy by learning from vast datasets and spotting trends that may not be obvious to the human eye. AI, for example, can be used to quantitatively evaluate radiographic qualities and automatically identify complicated patterns in imaging data.
Although artificial intelligence (AI) has great promise for medical imaging, there are still a number of issues that need to be resolved. The requirement for big, high-quality datasets for AI algorithm training is one of the main obstacles. Concerns have also been raised concerning the ethical and legal ramifications of AI in healthcare, particularly those pertaining to responsibility and data sharing.
AI's incorporation into medical imaging is a noteworthy advancement that could revolutionize patient care and diagnostic capabilities. The benefits of AI in medical imaging are obvious, even though there are still issues to be resolved. AI is also expected to have a significant impact on healthcare in the future.
AI In Medical Imaging Market Dynamics
AI in Medical Imaging Market Drivers and Restrains:
Wide Benefits of AI to fuel market growth
Growing adoption of technology and emerging advantages of AI (artificial intelligence) in medical science has provided lucrative opportunities in target market growth. Artificial intelligence provides opportunities to assist medical professionals & staff, to help in reducing human error and thus, provides services for patients at 24/7. The potentiality to use AI in X-rays and scans, reading medical images, to diagnose medical problems and to create treatment plans is likely to propel market growth. The use of AI (artificial intelligence) in diagnostic medical imaging has undergone extensive evaluation as it has shown impressive accuracy & sensitivity in identification of imaging abnormalities to enhance tissue-based detection and characterization. It helps in detecting minor image alterations, offers more relevant outcome variable which includes, disease requiring treatment, new diagnosis of advanced diseases and conditions which affect long-term survival and provides fastest results.
Restrains:
However, potential pitfalls, rising systemic risks of harm, amplification of complex ethical & societal issues, and possibility of errors has hampered the demand for AI in Medical Imaging Market growth.
AI In Medical Imaging Market Segmentation
AI in Medical Imaging Market Segmentation:
AI in Medical Imaging Market is segmented based on Technology, Modality, Application, End-Users and Region.
Technology Insight
On the basis of Technology, AI in Medical Imaging Market is segmented into Natural Language Processing, Deep Learning, and Others.
Modality Insight
On the basis of Modality, AI in Medical Imaging Market is segmented into CT Scan, X-rays, MRI, Ultrasound, Nuclear Imaging.
Application Insight
On the basis of Application, AI in Medical Imaging Market is segmented into Neurology, Cardiology, Orthopedics, Respiratory & Pulmonary, Breast Screening, and Others.
End-Users Insights
On the basis of End-Users, AI in Medical Imaging Market is segmented into Diagnostic Imaging Centers, Hospitals, and Others.
AI in Medical Imaging Market Regional Insights:
On region the AI in Medical Imaging Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is estimated to witness a significantly high revenue share over the forecast period due to rising prevalence of diseases, continuous technological development, strong presence of market players and favorable government policies.
Asia Pacific market is estimated to witness a fastest revenue share over the forecast period due to growing population and adoption of advanced technologies. Further, the growing number of startups by using AI particularly in India and China and improved healthcare infrastructure has boost the market growth in the region.
AI In Medical Imaging Market Report Scope:
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
Market Segmentation |
By Technology - Natural Language Processing, Deep Learning, and Others By Modality - CT Scan, X-rays, MRI, Ultrasound, Nuclear Imaging By Application - Neurology, Cardiology, Orthopedics, Respiratory & Pulmonary, Breast Screening, and Others By End-Users - Diagnostic Imaging Centers, Hospitals, and Others |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.
AI In Medical Imaging Market Key Players
AI in Medical Imaging Market Key Players:
The key players operating the AI in Medical Imaging Market includes, IBM, Siemens Healthineers, General Electric, Koinklijke Philips, Caption Health, Agfa-Gevaert Group/Agfa Health Care, AZmed, Butterfly Network, Gleamer, Arterys, and Others.
AI In Medical Imaging Market Company Profile
- IBM
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Siemens Healthineers
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- General Electric
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Koinklijke Philips
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Caption Health
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Agfa-Gevaert Group/Agfa Health Care
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AZmed
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Butterfly Network
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Gleamer
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Arterys
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
AI In Medical Imaging Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Technology
- Market Snippet, By Modality
- Market Snippet, By Application
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Technology, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Natural Language Processing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Deep Learning
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Modality, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- CT Scan
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- X-rays
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- MRI
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Ultrasound
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Nuclear Imaging
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Neurology
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Cardiology
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Orthopedics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Respiratory & Pulmonary
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Breast Screening
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By End-Users, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Diagnostic Imaging Centers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Hospitals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Modality, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Modality, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Modality, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Modality, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Modality, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
AI In Medical Imaging Market Highlights
FAQs
The AI in Medical Imaging Market is segmented into Technology, Modality, Application, End-Users and Region.
By region, the AI in Medical Imaging Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the AI in Medical Imaging Market includes, IBM, Siemens Healthineers, General Electric, Koinklijke Philips, Caption Health, Agfa-Gevaert Group/Agfa Health Care, AZmed, Butterfly Network, Gleamer, Arterys, and Others.
AI in Medical Imaging Market was valued at US$ 1.3 Billion in 2024 and is projected to grow at a CAGR of 33.10% to reach US$ 22.5 Billion by 2034.