The Future of theAI-Enabled Imaging Solutions Market: Growth Trends, Market Size, and Opportunities to Watch
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theAI-Enabled Medical Imaging Solutions Market?
The growth of the AI-enabled medical imaging solutions market is anticipated to surge in the upcoming years due to the escalating prevalence of chronic diseases. Medical conditions persisting for more than three months, such as cancer, heart disease, diabetes, arthritis, chronic obstructive pulmonary disease, asthma, and autoimmune diseases, are categorized as chronic disorders. AI-based medical imaging facilitates the acceleration of early diagnosis of such chronic diseases by assessing complex imaging data, thereby enabling faster anomaly detection and quick intervention to enhance patient outcomes. For instance, as per a report by the World Health Organization (WHO), a specialist UN agency based in Switzerland, published in September 2023, Noncommunicable diseases (NCDs) annually take 41 million lives, accounting for 74% of all worldwide deaths. Out these, 17 million individuals succumb to an NCD before the age of 70, and 86% of these premature deaths transpire in low- and middle-income nations. The leading cause is cardiovascular diseases, resulting in 17.9 million fatalities annually, trailed by chronic respiratory diseases (4.1 million), cancers (9.3 million), and diabetes (2.0 million, encompassing deaths from kidney disease associated with diabetes). Consequently, the growing prevalence of chronic illnesses is propelling the AI-enabled medical imaging solutions market.
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#What is the Projected CAGR for the AI-Enabled Medical Imaging Solutions Market Size from 2025 to 2034?
The market size for AI-based medical imaging solutions has experienced significant growth in the past few years. It is projected to rise from $2.21 billion in 2024 to $2.92 billion in 2025, achieving a compound annual growth rate (CAGR) of 31.8%. Progress in computer vision technology, digital conversion of medical images, the dissemination of imaging methods, enhancement of machine learning algorithms, and access to extensive datasets have all contributed to this growth during the historical period.
The market for AI-enabled medical imaging solutions is projected to experience substantial growth in the future. Its growth rate is estimated to reach $8.68 billion by 2029, with a compound annual growth rate (CAGR) of 31.4%. This growth during the forecasted period is due to several factors such as the use of AI for mental health imaging, improvements in AI-assisted robotic surgery, the impact of quantum computing, its broadened role in remote patient monitoring, and the development of the regulatory framework. During the forecast period, the main trends observed will be a significant increase in the adoption of AI, early detection, and prevention facilitated by AI, the introduction of hybrid models and ensemble learning, the incorporation of augmented Intelligence in radiology, and the application of AI in personalized medicine.
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What Key Market Trends and Innovations Are Shaping the Future of theAI-Enabled Medical Imaging Solutions Industry?
Top-tier companies in the AI-integrated medical imaging solutions market are shifting their focus to AI-powered image reconstruction like deep learning reconstruction. This cutting-edge tech aids medics to diagnose patients, whilst also ensuring patient comfort. Deep learning reconstruction (DLR) employs advanced deep learning algorithms to enhance the image quality in medical imaging. For instance, in November 2023, Canon Medical Systems USA Inc.- an American firm specializing in imaging solutions, rolled out the Precise IQ Engine. This engine is an exemplar of high-resolution deep learning reconstruction for magnetic resonance imaging, powered by a novel AI innovation approach called Altivity. This approach smartly leverages advanced technologies to attain unprecedented levels of quality, insight, and usefulness. PIQE significantly improves matrix size, eradicates noise, resulting in crisp anatomical images, thus raising the bar for MR imaging. The PIQE software generates high-resolution images from low-resolution ones, without compromising image quality and minimizing ringing effects.
Which Companies Are Leading the Charge in Expanding theAI-Enabled Medical Imaging Solutions Market Growth?
Major companies operating in the AI-enabled medical imaging solutions market report are Siemens AG, IBM Corporation, NVIDIA Corporation, Fujifilm Holdings Corporation, Koninklijke Philips N.V., GE HealthCare Technologies, Inc, Zebra Technologies Corp., Agfa-Gevaert N.V., Carestream Health, Nuance Communications Inc, Aidoc Medical, SyntheticMR, Butterfly Network Inc, EnvoyAI, ICAD INC., Arterys Inc., Beijing Infervision Technology Co. Ltd., Subtle Medical, Ziosoft, ContextVision AB, RADLogics Inc., Qview Medical Inc, Riverain Technologies, icometrix, DiA Imaging Analysis Ltd., Imagen AI, MaxQ AI Ltd.
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How is the Global AI-Enabled Medical Imaging Solutions Market Segemented?
The AI-enabled medical imaging solutions market covered in this report is segmented –
1) By Product: Software, Hardware
2) By Modality: Computed Tomography (CT), Magnetic Resonance (MR), X-Ray, Ultrasound, Mammography, Multimodality Imaging Systems, Other Modalities
3) By Technology: Deep Learning, Natural Language Processing (NLP), Computer Vision, Other Technologies
4) By Application: Breast Imaging, Respiratory And Pulmonary, Neurology, Orthopedics, Other Applications
5) By Industry Vertical: Hospital And Healthcare Providers, Patients, Pharmaceuticals And Biotechnology Companies, Healthcare Payers, Other Industry Verticals
Subsegments:
1) By Software: Image Analysis And Interpretation Software, Workflow And Management Solutions, Diagnostic Support Tools
2) By Hardware: AI-Enhanced Imaging Devices, Imaging Sensors And Detectors, Workstations And Displays For Image Processing
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Which Geographics are Influencing the Growth of the AI-Enabled Medical Imaging Solutions Market?
North America was the largest region in the AI-enabled medical imaging market in 2024. The regions covered in the AI-enabled medical imaging solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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