The AI-based medical imaging market will reach $11,921.4 million by 2030, says P&S Intelligence
New YorkAnd the 23 July 2022 /PRNewswire/ – According to the latest market research report published by P&S Intelligence, in 2021, Artificial Intelligence-Based Medical Imaging Market calculated for $1,093.0 Millionwho is expected to hit $11.921.4 million By 2030, it is growing at a whopping rate of 30.4% from 2021 to 2030. The main aspects driving the market are the increasing cases of chronic diseases, the growing need for medical services for the elderly, and the increasing investment in research and development in the healthcare industry.
Technological developments and digitalization in the healthcare industry are also driving the growth of the market. Medical imaging, which is used to detect and treat diseases, is one of the most important pillars of the industry. Due to its sensitivity and accuracy in identifying defects, AI has a wide range of uses in the medical field.
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Key Points of the Artificial Intelligence-Based Medical Imaging Market Report
CT scans have the largest share of revenue, around 30%, and this category will continue to lead the AI-based medical imaging market in the near future. This is due to the increasing prevalence of cardiovascular diseases and cancer, as well as the growing need for advanced medical imaging solutions integrated with artificial intelligence.
It is expected that of all the approaches, the integration of artificial intelligence into MRI will grow the fastest between 2021 and 2030. The use of artificial intelligence for anatomy imaging, which helps clinicians in providing appropriate patient care, can be attributed to this growth.
About 50% of the AI-based medical imaging market share is accounted for by deep learning technology, which is also expected to lead the market during the forecast period. This is because it is frequently used to diagnose and differentiate viral and bacterial pneumonia on pediatric chest radiographs and has excellent extraction capabilities.
The hospital category is expected to grow at a compound annual growth rate of 30% in the coming years. This is driven by the fact that hospitals are ubiquitous, easy to access, and preferred over alternative medical institutions.
The Neurology category will advance at the highest compound annual growth rate in the coming years. This is attributed to the large number of suppliers developing AI-based medical imaging systems and devices for neurological diseases, as well as the abundance of medical imaging data in the field.
Browse Detailed Report on Artificial Intelligence Based Medical Imaging Market Size, Share and Demand Forecast Report 2030
The North American market holds the largest share, and this trend is expected to continue in the future. This is due to the high rate of adoption of advanced technologies in the healthcare industry and the presence of significant players.
Additionally, the AI-based medical imaging market in the Asia Pacific (APAC) region is expected to grow at a significant compound annual growth rate (CAGR) of over 30% in the coming years. The region’s aging population, rising healthcare costs, and increasing investments by public and private actors are all contributing factors to this exponential growth.
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SOURCE P&S Intelligence