AI-Based Medical Imaging Market Overview

In 2021, the AI-based medical imaging market accounted for $1,093.0 million, which is predicted to hit $11,921.4 million by 2030, growing at a huge rate of 30.4% from 2021 to 2030. The key aspects driving the market are the increasing cases of chronic diseases, growing need for medical services for the elderly, and snowballing R&D investment in the healthcare industry.

The technological developments and digitization in the healthcare industry also drive the growth of the market. Medical imaging, which is utilized for disease detection and therapy, is one of the industry’s most-significant cornerstones. Due to its sensitivity and accuracy in identifying abnormalities, AI has a wide range of uses in the medical field.

Key Points of AI-Based Medical Imaging Market Report

• CT scans have the largest revenue share, of almost 30%, and the category would continue to lead the AI-based medical imaging market in the near future. This is explained by the increase in the prevalence of cardiovascular diseases and cancer, as well as the growing need for AI-integrated advanced medical imaging solutions.
• It is predicted that among all modalities, the integration of AI in MRI will grow the fastest between 2021 and 2030. The use of AI to image the anatomy, which aids doctors in providing proper patient care, can be attributed for this growth.
• Around 50% of the AI-based medical imaging market share is accounted for by the 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 between viral and bacterial pneumonia on pediatric chest radiographs and has excellent extraction capabilities.
• The hospitals category is predicted to grow with a CAGR of 30% in the coming years. This is driven by the fact that hospitals are omnipresent, simple to reach, and preferred over alternative medical institutions.
• The neurology category will advance at the highest CAGR in the coming years. This is attributed to a significant number of suppliers developing AI-based medical imaging systems and devices for neurological illnesses, as well as the abundance of medical imaging data in this field.

AI-Based Medical Imaging Market Regional Analysis

The North American market holds the biggest share, and it is predicted to continue the trend in the future. This is because of the high rate of adoption of cutting-edge technologies in the healthcare industry and the existence of significant players.

In addition, the APAC AI-based medical imaging market is predicted to grow at a significant CAGR, of over 30%, in the coming years. The region’s aging population, rising healthcare costs, and surging investments by public and private players are all contributing factors in this exponential growth.

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Medical Image Analysis Software Market Competitive Benchmarking till 2030

The size of the medical image analysis software market was $3,112.7 million in 2021, and it will grow at a rate of over 8%, to reach about $6,388.9 million by 2030. The growth can be credited to the increasing population, growing incidence of chronic ailments, and widening applications of computer-aided diagnosis.

Hospitals are the major users of such software, with an approximately 60% share in 2021, as they have supportive infra that is vital for performing diagnoses and surgical interventions. Furthermore, the number of imaging systems is higher in hospitals as compared to diagnostic centers and research institutions. In addition, the inflow of patients is relatively higher in hospitals, which makes these users’ requirement for advanced imaging analysis software the highest.

https://www.psmarketresearch.com/market-analysis/medical-imaging-analysis-software-market

Diagnostic Imaging Systems Market Size, Share, Trends, and Business Opportunities

Around the world, the prevalence of cancer, cardiovascular diseases (CVDs), type 2 diabetes, asthma, and other chronic diseases is increasing, as is their mortality rates. Due to this factor, the global diagnostic imaging systems market, which generated $38.9 billion in 2019, will reach $70.0 billion in 2030, at a 5.8% CAGR between 2020 and 2030. For instance, cancer accounts for 9.6 million yearly deaths, while CVDs carry an annual mortality rate of 17.9 million.

The diagnostic imaging systems market is being primarily driven by the huge role medical imaging plays in the detection and staging of chronic diseases. Moreover, with the increasing awareness about the early diagnosis of such deadly diseases, more people are opting for medical imaging tests, which is driving the demand for the associated equipment.

Dental X-Ray Market Size, Share, and Growth Analysis

The size of the dental X-ray market was $1,892.6 million in 2021, and it is expected to propel with a CAGR of 14% and reach $6,143.3 million during 2021–2030. Digital radiograms have developed as a preferred modality in dentistry as they are effective and safer when compared to conventional imaging methods. Furthermore, the growing consciousness among consumers about the maintenance of oral health and many periodontic disorders that are preventable are likely to drive the market expansion.

Additional issues propelling the demand for X-ray systems in dentistry are the snowballing occurrence of dental diseases and the rising acceptance of cosmetics solutions. Approximately 3.5 billion people suffer from oral ailments all over the world. Dentistry services are not affordable for people from humble backgrounds as they do not possess dental insurance; therefore, they suffer from several untreated dental cavities. For instance, more than 45% of the low-income adults suffer from untreated tooth decay.

https://www.psmarketresearch.com/market-analysis/diagnostic-imaging-systems-market

Spinal X-Ray and CT Market Top Key Players, Drivers, and Trends

The spinal X-ray and CT market was valued at $917.9 million in 2021, which is likely to hit $1,602.0 million by 2030, prospering at a 6.4% CAGR during 2021–2030. The growing occurrence of spinal injuries, developments in radiological technologies, increasing elderly population, and emergence of AI in medical tomography are advancing the growth of the market.

The hospitals and clinics category had an over 50% revenue share in the spinal X-ray and CT market in 2021. A large number of patients prefer hospitals over any other medical facility, making them the main diagnosis site for injuries and fractures of the spine, particularly in developing countries. Moreover, hospitals are snowballing their outlay to get their hands on innovative radiological technologies, with the purpose of offering precise results.

https://www.psmarketresearch.com/market-analysis/spinal-x-ray-ct-market

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Above all,most importantly,
certainly,That is to say,
in other words,to clarify,
Therefore,as a result,
so,consequently,
In conclusion,to sum up,
in short