The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

Rapid Market Expansion

• Current Growth: The artificial intelligence (AI) in medical imaging market has experienced remarkable growth, increasing from $2.6 billion in 2023 to an anticipated $3.42 billion in 2024, marking a compound annual growth rate (CAGR) of 31.7%.
• Future Projections: This upward trajectory is expected to continue, with the market forecasted to reach $10.02 billion by 2028, maintaining a CAGR of 30.8%.

Factors Driving Growth
Historic Period Influences

• AI-Powered CT Demand: Rising demand for AI-enhanced computed tomography (CT) scans.
• Cancer Prevalence: Increased rates of cancer driving the need for advanced imaging.
• Cloud Computing Adoption: Growing reliance on cloud technology in healthcare.
• Aging Population: Larger geriatric demographic requiring more medical imaging.
• Government Initiatives: Supportive policies and initiatives from governments worldwide.

Forecast Period Influences

• Radiologist Workload Reduction: AI’s role in reducing the burden on radiologists.
• Investment Growth: Increased investment in AI technologies.
• Complex Data Handling: Growing necessity to manage and analyze large datasets.
• Continued Demand for AI CT: Sustained interest in AI-powered CT applications.

View More On The Artificial Intelligence In Medical Imaging Market Report 2024 – https://www.thebusinessresearchcompany.com/report/artificial-intelligence-in-medical-imaging-global-market-report

Key Trends Shaping the Future
Technological Advancements

• Computer Vision: Enhanced AI algorithms for precise medical image analysis.
• Deep Learning Progress: Significant advancements in deep learning capabilities.
• Product Innovations: New developments in nuclear medicine, ultrasound systems, and MRI technologies.

The Surge of AI in Medical Imaging
Role of Imaging Modalities

• Improved Techniques: AI algorithms assist in image reconstruction, noise reduction, and artifact correction.
• Growing Utilization: A notable increase in the number of imaging tests, such as the 43.3 million tests reported by the UK’s National Health Service from April 2021 to March 2022.

Major Market Players

• Leading Companies: Key players include Google LLC, Microsoft Corporation, IBM Watson Health, and NVIDIA Corporation, among others.

AI-Enabled MRI Systems
Innovation in MRI Technology

• GE Healthcare’s SIGNA Champion: Launched in December 2023, this AI-enabled MRI system offers features like AIR Recon DL and Sonic DL for enhanced efficiency and image quality.
• Patient-Centric Design: The SIGNA Champion combines generous patient clearance with reduced scan times, improving the patient experience.

Point-of-Care Ultrasound Revolution
Exo’s Strategic Acquisition

• Acquisition of Medo AI: In October 2022, Exo acquired Medo AI, integrating Medo’s AI capabilities with Exo’s hardware to overcome barriers in point-of-care ultrasound adoption.
• Enhanced Technology: This combination aims to streamline ultrasound technology, making it more accessible and effective.

Market Segmentation
By Modality

• CT Scan
• MRI
• X-rays
• Ultrasound
• Nuclear Imaging

By Technology

• Deep Learning
• Natural Language Processing (NLP)
• Other Technologies

By Application

• Neurology
• Respiratory and Pulmonary
• Cardiology
• Breast Screening
• Orthopedics

By End-Use

• Hospitals
• Diagnostic Imaging Centers
• Other End-Users

Regional Insights

• North America: The largest market for AI in medical imaging in 2023.
• Asia-Pacific: Expected to be the fastest-growing region in the coming years.

The AI in medical imaging market is poised for unprecedented growth, driven by technological advancements, increasing healthcare demands, and significant investments. As AI continues to revolutionize medical imaging, the landscape of diagnostics and treatment will be transformed, leading to more efficient, accurate, and patient-friendly healthcare solutions.

Request A Sample Of The Global Artificial Intelligence In Medical Imaging Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=13589&type=smp