Artificial Intelligence in Medical Imaging Market Emerging Trends, Future Analysis, Industry Scope, Business Strategies, Regional Analysis, and Forecast
Artificial intelligence in medical imaging market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyzes the market to reach at an estimated value of USD 1,579.33 million and grow at a CAGR of 4.11% in the above-mentioned forecast period. Increased numbers of diagnostic procedures drives the artificial intelligence in medical imaging market.
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Medical imaging can be described as the diagnostic procedure that involves the creation of visual aids and image representations of the human body, and involves the monitoring of performance and functioning of the organs of the human body. With the integration of artificial intelligence (AI) in healthcare and medical imaging, there is a change in the way the diagnostics and the entire procedure is carried out. The AI assists the surgeons in carrying out the image capturing process and how to diagnose these images for the conclusion and personalized treatment in respect to every individual and patient. Artificial intelligence mainly consists of two types, robots and machine learning. Machine learning involves the recognition and application of algorithm in computer systems for the rendering of images. While, robots are engaged in the assistance of patients, doctors and operators in the visualization and diagnostic procedures.
Rising ability and achievement of personalized treatment, improved procedures and treatment of the patients is the vital factor escalating the market growth, also rise in the number of diagnostic procedures, increasing prevalence of diseases, rising favorable reimbursement policies, rising presence of key players and the favorable government regulations, rising rapidly evolving healthcare infrastructure in Asian countries such as China, Indonesia, and India and growing prevalence of various lifestyle associated chronic diseases such as cancer and cardiovascular conditions are the major factors among others driving the artificial intelligence in medical imaging market. Moreover, rising technological advancements and modernization in the healthcare sector and rising emerging markets with increasing geriatric population base will further create new opportunities for artificial intelligence in medical imaging market in the forecasted period of 2021-2028.
However, rising lack of integration and practical applications of artificial intelligence and increasing cost and reluctance of adoption of these systems are the major factors among others which will obstruct the market growth, and will further challenge the growth of artificial intelligence in medical imaging market in the forecast period mentioned above.
Artificial intelligence in medical imaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on artificial intelligence in medical imaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Artificial Intelligence in Medical Imaging Market Scope and Market Size
Artificial intelligence in medical imaging market is segmented on the basis of technology, offering, deployment type, application, clinical applications and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of technology, artificial intelligence in medical imaging market is segmented into deep learning, computer vision, NLP and others.
Based on offering, the artificial intelligence in medical imaging market is segmented into hardware, software and services.
Based on deployment type, the artificial intelligence in medical imaging market is segmented into on-premise and cloud.
Based on application, the artificial intelligence in medical imaging market is segmented into X-ray, CT, MRI, ultrasound and molecular imaging.
Based on clinical application, the artificial intelligence in medical imaging market is segmented into breast, lung, neurology, cardiovascular, liver, prostate, colon, musculoskeletal and others.
The artificial intelligence in medical imaging market is also segmented on the basis of role of end-user into hospitals, clinics, research laboratories and others.
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Artificial Intelligence in Medical Imaging Market Country Level Analysis
Artificial intelligence in medical imaging market is analyzed and market size insights and trends are provided by country, technology, offering, deployment type, application, clinical applications and end-user as referenced above.
The countries covered in the artificial intelligence in medical imaging market report are US, Canada and Mexico in North America, Germany, France, UK, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, UAE, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe dominates the artificial intelligence in medical imaging market due to rising technologically advanced healthcare infrastructure and high disposable income in this region. Asia-Pacific is the expected region in terms of growth in artificial intelligence in medical imaging market due to rapidly evolving healthcare infrastructure in countries such as China, Indonesia, and India.
The country section of the artificial intelligence in medical imaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Key Pointers Covered
Top to Bottom Market Analysis
Recent Developments for Market Competitors
Recent Market Value for Different Countries
Market Value and OverView of this Market
Company Profiling of Players of this Market