Comprehensive Analysis of the AI-Enabled Medical Imaging Solutions Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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How has the ai-enabled medical imaging solutions market grown in recent years?
The market size for AI-enabled medical imaging solutions has seen a significant growth in the recent past. Its value is predicted to increase from $2.21 billion in 2024 to $2.92 billion in 2025, marking a compound annual growth rate (CAGR) of 31.8%. This surge during the historical period can be linked to advancements in areas such as computer vision, digital transformation of medical images, the increase in imaging modalities, the development of machine learning algorithms, and the availability of vast datasets.
How is the ai-enabled medical imaging solutions market size expected to evolve during the forecast period?
In the coming years, we anticipate a notable surge in the market size of AI-enabled medical imaging solutions, which is expected to reach a figure of $8.68 billion in 2029. This corresponds to a compound annual growth rate (CAGR) of 31.4%. Factors contributing to this growth during the forecasted period include the implementation of AI technologies in mental health imaging and robotic surgery enhancement, the effect of quantum computing, its expanding role in remote patient supervision, and regulatory framework progression. Significant trends for the forecast period comprise an exceptional increase in AI adoption, utilization of AI for early detection and preventative measures, the emergence of hybrid models and ensemble learning, boosted intelligence in radiology through AI, and the rise of AI-powered personalized medicine.
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Which key drivers are propelling the ai-enabled medical imaging solutions market’s growth?
The rise in chronic diseases is projected to boost the expansion of the AI-enabled medical imaging solutions market in the future. Chronic diseases, also referred to as chronic illnesses, are health issues that persist for more than three months and include ailments like cancer, diabetes, heart diseases, arthritis, chronic obstructive pulmonary disease, asthma, and autoimmune diseases. Utilizing AI for medical imaging expedites the diagnosis process of chronic diseases by interpreting complex imaging data, allowing for the swift identification of anomalies and prompt intervention, thereby enhancing patient outcomes. As an illustration, a report from the World Health Organization (WHO), a Switzerland-based specialized UN agency, revealed in September 2023 that Noncommunicable diseases (NCDs) are responsible for 41 million deaths annually, making up 74% of all global deaths. Among these, 17 million individuals die before reaching 70 due to a chronic illness, and 86% of these premature deaths occur in low- to middle-income countries. Cardiovascular diseases are the leading cause, contributing to 17.9 million deaths yearly, trailed by chronic respiratory diseases (4.1 million), cancer (9.3 million), and diabetes (2.0 million, including deaths from kidney disease associated with diabetes). Consequently, the escalating prevalence of chronic illnesses fuels the growth of the AI-enabled medical imaging solutions market.
What are the market segments in the ai-enabled medical imaging solutions industry?
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 leading companies are shaping the growth of the ai-enabled medical imaging solutions market?
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.
What key trends are currently impacting the ai-enabled medical imaging solutions market’s development?
Leading businesses in the AI-enabled medical imaging solutions sector are prioritizing AI-augmented image reconstruction, like deep learning reconstruction, to deliver groundbreaking technology that aids medical professionals in patient diagnosis and ensures patient comfort. Deep Learning Reconstruction (DLR) is a technique applied in medical imaging that enhances image quality using deep learning algorithms. For example, Canon Medical Systems USA Inc., a US company specializing in imaging solutions, introduced the Precise IQ Engine in November 2023. The Precise IQ Engine is a sophisticated deep learning reconstruction method for magnetic resonance imaging, powered by Altivity, an innovative AI-based approach that harnesses intelligent technologies to reach unprecedented levels of quality, understanding, and value. PIQE enhances matrix size, minimizes noise, and renders clear anatomical images, taking MR imaging to a whole new level. The PIQE program generates high-definition images from low-resolution photos while maintaining image quality and minimizing ringing effects.
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Which geographic areas 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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