AI Medical Imaging - Market Scope
Medical imaging is a diagnostic procedure that involves the creation of visual aids and image representations of the human body and involves the monitoring of the performance and functioning of the organs of the human body. Technological advancements change the way of diagnostics and the entire procedure, which is carried out with the integration of artificial intelligence in healthcare and medical imaging this factor driving the market of AI medical imaging across the globe. The rising incidence of chronic diseases such as cardiovascular, and neurological disorders combined with realigned healthcare system lea to an increased emphasis on early diagnosis.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Siemens Healthineers AG (Germany), Fujifilm Holdings Corporation (Japan), GE Healthcare (United States), Imagia Cybernetics Inc (Canada), Nuance Communications Inc. (United States), Koninklijke Philips N.V. (Netherland), Arterys Inc. (United States), Samsung Electronics Co. Ltd. (South Korea), Zebra Medical Vision Inc. (Israel) and Resonance Health Ltd. (Australia) |
CAGR | % |
Global Ai medical imaging market is fragmented. So the players are focusing transformation of the surgery with the high-ultra resolution, real-time, advanced imaging tools to address high unmet medical needs. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions and it maintains their growth at a competitive edge.
Siemens Healthineers AG (Germany), Fujifilm Holdings Corporation (Japan), GE Healthcare (United States), Imagia Cybernetics Inc (Canada), Nuance Communications Inc. (United States), Koninklijke Philips N.V. (Netherland), Arterys Inc. (United States), Samsung Electronics Co. Ltd. (South Korea), Zebra Medical Vision Inc. (Israel) and Resonance Health Ltd. (Australia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Bay Labs Inc. (United States) and IBM Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global AI Medical Imaging - market by Type , by Application (Cardiovascular, Neurology, Oncology, Pathology and Others) and Region with country level break-up.
On the basis of geography, the market of AI Medical Imaging - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 9th November 2021, Nanox announced the acquisition of the Zebra medical vision, now which is operative as Nanox.AI, in an all-stock deal valued at around USD 110 at closing. Concurrently, Nanox has done two further acquisitions namely USARAD and MDWEB, a centralized marketplace connecting radiologists with imaging facilities.
On 2nd May 2022, Perimeter Medical Imaging AI, Inc is a medical technology company, driven to transform cancer surgery with ultra-high-resolution, real-time, advanced imaging tools to address high unmet medical needs.
AI Medical Imaging - Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Continuous Developments in the Field of Imaging Technology
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Key Restraints | - Frequent Product Recall Hindering the AI Medical Imaging Market
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Challenges | - Lack of Standardised Evaluation of Scientific Integrity and Clinical Relevance
- Concerns with Data of Analytics Algorithms
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Market Opportunities | - The emergence of Advanced AI Tools and Technology
- Adoption of AI in Medical Radiology Creating Opportunity for AI in Medical Imaging Industry
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Key Target Audience
AI Medical Imaging services, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others