Better Understanding of the Global Artificial Intelligence (AI) Enabled Medical Imaging Market

Previously, the medical industry used to face major hurdles in analyzing and studying medical visualization such as geometric deformation, low resolution, higher noise, low contrast, irregular and undesirable patterns in image or distortion, etc. As medical imaging is mostly used in diagnosis, X-rays, and screening of breast, lungs, etc. Techniques such as Computed tomography, magnetic resonance imaging, ultrasonography, and positron emission tomography require medical imaging for better results. It’s not wrong to consider the fact that here AI plays a crucial role in improving and analyzing medical imaging. As AI algorithm is trained in a way, that facilitates detecting abnormalities that can be problematic for humans to detect. AI allows medical imaging to advance automated routine tasks by enabling image processing, high-quality control, & data supervision and ensuring the available requirements for diagnosis and treatments.

Market Overview

As per the report published by MarkNtel Advisors, “Global Artificial Intelligence (AI) Enabled Medical Imaging Market Research Report - By Component (Hardware, Software, [Perpetual Software License, Subscription Software License, Pay as You Go Software License]), By Workflow (Image Analysis, Image Acquisition, Detection, Reporting & Communication, Diagnosis & Treatment Decision Support, Predictive Analysis & Risk Assessment, Equipment Maintenance, Triage), By Technology (Deep Learning, Machine Learning, Computer Vision, Natural Language Processing (NLP), Others), By Therapeutic Application (Specialty Imaging, [Cardiology, Oncology, [Lung Cancer, Breast Cancer, Other Cancers], Neurology, [Respiratory, Orthopedics, Others], General Imaging), By Deployment (Cloud, On-Premise), By Modality (Computed Tomography, Magnetic Resonance, Ultrasound, X-Ray, Mammography, Multimodality Imaging Systems, Others), By End Users (Hospitals, Clinics, Diagnostics Centers, Others), and Others, Forecast (2024-2030)”, The Global Artificial Intelligence (AI) Enabled Medical Imaging Market size was valued at around USD 3.23 billion in 2023 & is projected to reach around USD 16.20 billion by 2030. Along with this, the market is expected to grow at a CAGR of around 25.9% during the forecast period, i.e., 2024-30. This is attributed to the significantly rising neurological disorders and other diseases.

Top AI Medical Imaging Tools

The emergence of advanced AI in Imaging tools assists doctors and professionals in recognizing minute details in images, predicting disease progression, and offering personalized treatment plans for patients. The top medical Imaging Tools in the industry are:

• Image Analysis & Reconstruction: Blackford, Viz.ai, DeepMind AI for Radiography, and Arterys Medical.

• Diagnostic Assistance: Zebra Medical Vision, Aidoc, Second Opinion, and River Medical.

• Clinical Decision Support: Enlitic, Paige.AI, TheraDoc, and Babylon Insights.

• Research & development: Kitware ParaView, NVIDIA Clara AI Toolkit, MITK, and Google AI Platform for Imaging.

• Cloud-Based Platforms: AWS HealthLake, Microsoft Azure Healthcare Imaging, Google Cloud Healthcare API, and Amazon Comprehend Medical.

Market Competitors

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Aidoc, Arterys Inc., Beijing Infervision Technology Co., Ltd., Blackford Analysis Limited, ContextVision AB, EnvoyAI, Fujifilm Holdings Corporation, General Electric Company, iCAD, Inc., Koninklijke Philips N.V., Mirada Medical Limited, NVIDIA Corporation, Nuance Communications, Inc., Resonance Health Ltd., Samsung Electronics Co., Ltd., and others are looking forward to strengthening their market positions.

What’s New

With the changing trend, AI technology incorporated into medical imaging has enhanced the accuracy of precious medicine and presented itself as an opportunity for the growth of the Artificial Intelligence Enabled Medical Imaging market. The application of AI in medical imaging allows one to appropriately and specifically differentiate between different types of breast or lung cancer. Additionally, the integration of AI with Imaging Modalities facilitates improving diagnostic performance and accuracy. Also, the automating recurring tasks like image segmentation, quantification, and file creation, AI-powered imaging solutions simplify workflows, decreasing the load on radiologists and speeding up the diagnostic process. This facilitates improving operational efficiency in healthcare settings and improves the standard of treatment.

Conclusion

The blog comprises Global market players in the AI-enabled medical imaging market, with market product information. This blog entails details regarding the prominent factors behind the surging demand for futuristic growth and new opportunities that facilitate market development. Market players such as Aidoc, Arterys Inc., Beijing Infervision Technology Co., Ltd, etc., including other leading companies, facilitate revolutionizing the global market and promoting a secure future for the AI-enabled medical Imaging market.