Artificial Intelligence (AI) in Medical Imaging Market - By Technology (Deep Learning, Machine Learning, Computer Vision), Clinical Application (Neurology, Digital Pathology), Modalities (X-ray, CT, MRI, Ultrasound), End-user (Hospitals, Clinics), Global Forecast 2023 - 2032
Global AI in Medical Imaging Market size will expand significantly through 2032. Improved diagnostic accuracy and treatment planning provided by AI in medical imaging are expected to generate lucrative opportunities for industry growth. AI algorithms can rapidly process and analyze large volumes of medical images, significantly reducing the time required for image interpretation. This expedites the diagnostic process, allowing healthcare professionals to make timely decisions and initiate appropriate treatment plans, favoring market growth.
The overall AI in medical imaging market is divided based on modality, application, end-use, and region.
Based on the modality, the industry size from the computed tomography (CT) segment reached over USD 261 million in 2022. Improved accuracy and precision of AI-based computed tomography images have increased their demand. AI algorithms can quickly analyze large volumes of CT images and provide automated measurements, annotations, and quantitative data. This expedites the diagnostic workflow, allowing radiologists to review and interpret CT scans more efficiently, supporting segment growth.
Based on the application, industry share from the lung imaging segment will grow at a notable CAGR from 2023 to 2032. Growing focus on early diagnosis of lung diseases has increased the demand for AI-based medical imaging systems. AI algorithms can analyze medical imaging data, such as chest X-rays or CT scans, to identify early signs of lung disorders. By detecting subtle abnormalities or patterns indicative of lung diseases, AI systems can aid in early diagnosis, allowing for timely interventions and improved patient outcomes, fostering product adoption.
Based on the end-use, industry value from the diagnostic centers segment will amass significant gains through 2032. High availability of advanced AI-based medical cameras in diagnostic centers is contributing to segment growth. Moreover, the growing demand for routine diagnostic procedures, in line with rising patient awareness about advanced AI-based imaging modalities, is further generating lucrative opportunities for segment growth. Growing number of diagnostic centers has further increased the frequency of AI-based medical image acquisitions.
From the regional standpoint, Asia Pacific AI in medical imaging market share will grow at over 31% CAGR from 2023 to 2032. Growing digitalization coupled with rapidly expanding healthcare infrastructure is contributing to regional growth. As per IBEF, India’s MedTech industry has the potential to reach USD 50 billion by 2030. Surging prevalence of lung cancer has further bolstered the demand for AI-based medical imaging modalities in the region for early disease diagnosis.
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 COVID-19 impact analysis at global level
1.5 Data validation
1.6 Data Sources
1.6.1 Primary
1.6.2 Secondary
1.6.2.1 Paid sources
1.6.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Artificial intelligence in medical imaging market 360 degree synopsis, 2018 - 2032
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Modality trends
2.1.4 Application trends
2.1.5 End-use trends
Chapter 3 Artificial Intelligence in Medical Imaging Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Technological advancements in AI increase its applications in medical imaging
3.2.1.2 Global shortage of radiologists will increase the adoption of AI in medical imaging
3.2.1.3 Improved diagnostic accuracy and treatment planning offered by AI in medical imaging
3.2.1.4 Huge R&D investment from growing ecosystem of market players
3.2.2 Industry pitfalls & challenges
3.2.2.1 Slow regulatory approval process
3.2.2.2 Patient harm due to AI errors
3.3 Growth potential analysis
3.3.1 By modality
3.3.2 By application
3.3.3 By end-user
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 Europe
3.6 Benefits offered by machine learning in medical imaging
3.6.1 Patient management and scheduling
3.6.2 Image acquisition
3.6.3 Image analysis
3.6.4 Medical image reporting
3.6.5 Treatment planning & follow-up
3.7 Challenges for AI in medical imaging
3.8 Porter's analysis
3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Competitive analysis of major market players
4.4 Strategic outlook matrix
4.5 Strategy dashboard, 2022
Chapter 5 Artificial Intelligence in Medical Imaging Market Size and Forecast, By Modality (USD Million)
5.1 Key trends, by modality
5.2 X-ray
5.3 Computed tomography (CT)
5.4 Magnetic Resonance Imaging (MRI)
5.5 Ultrasound imaging
5.6 Molecular imaging
Chapter 6 Artificial Intelligence in Medical Imaging Market Size and Forecast, By Application (USD Million)
6.1 Key trends, by application
6.2 Breast imaging
6.3 Lung imaging
6.4 Neurology
6.5 Cardiovascular applications
6.6 Liver imaging
6.7 Other applications
Chapter 7 Artificial Intelligence in Medical Imaging Market Size and Forecast, By End-use (USD Million)
7.1 Key trends, by end-use
7.2 Hospitals
7.3 Clinics
7.4 Diagnostic centers
7.5 Other end users
Chapter 8 Artificial Intelligence in Medical Imaging Market Size and Forecast, By Region (USD Million)
8.1 Key trends, by region
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Spain
8.3.5 Italy
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Rest of Latin America
8.6 Middle East & Africa
8.6.1 South Africa
8.6.2 Saudi Arabia
8.6.3 Rest of Middle East & Africa
Chapter 9 Company Profiles
9.1 Arterys Inc.
9.2 DIGITAL DIAGNOSTICS INC.
9.3 GE Healthcare
9.4 IBM Watson Health
9.5 InformAI, LLC
9.6 Intel Corporation
9.7 Koninklijke Philips N.V.
9.8 Lunit Inc.
9.9 Nanox Imaging LTD.
9.10 Siemens Healthcare GmbH
Data Tables
TABLE 1 Product mapping
TABLE 2 Market revenue, by modality (2022)
TABLE 3 Market revenue, by application (2022)
TABLE 4 Market share, by end-use (2022)
TABLE 5 Market share, by region (2022)
TABLE 6 Global artificial intelligence in medical imaging market size, by region, 2018 - 2022 (USD Million)
TABLE 7 Global artificial intelligence in medical imaging market size, by region, 2023 - 2032 (USD Million)
TABLE 8 Global artificial intelligence in medical imaging market size, by modality, 2018 - 2022 (USD Million)
TABLE 9 Global artificial intelligence in medical imaging market size, by modality, 2023 - 2032 (USD Million)
TABLE 10 Global artificial intelligence in medical imaging market size, by application, 2018 - 2022 (USD Million)
TABLE 11 Global artificial intelligence in medical imaging market size, by application, 2023 - 2032 (USD Million)
TABLE 12 Global artificial intelligence in medical imaging market size, by end-use, 2018 - 2022 (USD Million)
TABLE 13 Global artificial intelligence in medical imaging market size, by end-use, 2023 - 2032 (USD Million)