Computer Vision in Healthcare Market Size, Share, Growth, Trends, Opportunity and Forecast to 2025
Noida, Uttar Pradesh, India, February 17 2021 (Wiredrelease) Report Ocean Pvt Ltd –:The rise in demand for computer vision systems in the global healthcare industry, growing computer vision precision medicine usage, and government initiatives to promote big data and AI-based technologies adoption in healthcare are probable to drive the market during the forecast period. Also, various innovations and mergers to enhance the product’s performance in the market are likely to fuel the market growth. For instance, in 2018, Intel signed up for a partnership agreement with Novartis to use deep neural networks to accelerate the high content screening across various healthcare practices. Driven by these promising developments, the Global Computer Vision in Healthcare Market is estimated to see healthy growth, pegged at a CAGR of 48% during the forecast period 2020-2025.
Software segment dominated the computer vision in healthcare market in 2019
In 2019, the software segment led with the largest market share for computer vision revenue in healthcare. Software solutions are used to digitalize healthcare and further integrate with artificial intelligence (AI) and machine learning (ML) to help healthcare users gain a competitive, sustainable edge despite the challenges of being short-staffed and facing increasing imaging scan volumes. This is a significant factor driving the market growth. Moreover, the hardware is estimated to account for the second-largest market share owing to the increasing need for AI-infused healthcare in precision medicine and increasing initiatives to create awareness for healthcare IT services across the globe.
The computer vision uses algorithms for processing images to make a quicker and more accurate diagnosis process. This technology has already been incorporated in various diagnosis and surgery of multiple diseases such as cancer and cardiovascular disorders. Therefore, the computer vision in healthcare market is primarily driven owing to the growing government initiatives to increase the AI-based technologies adoption globally, rising computer vision systems demand by healthcare professionals, big data algorithms based on diagnosis models in healthcare, and precision medicine techniques derived from computer vision technique. However, the lack of domain technical expertise and computer vision awareness specified for the healthcare industry are expected to minimize the market growth to a certain extent in the coming years.
Segmentation Overview of the Global Computer Vision in Healthcare Market
The global computer vision in healthcare market has been segmented based on product & service, application, and end-user. These major market segments are further categorized into various sub-segments to study the market in detail.
By Product & Service
Software Hardware Services
Medical Imaging and Diagnostics Surgeries Others
Healthcare Providers Diagnostic Centers Others
Key Players Insights
Microsoft, NVIDIA, Intel, Xilinx, IBM, Google (A Subsidiary of Alphabet, Inc.), Basler AG, Arterys, Inc., AiCure, and iCAD, Inc., among others, are some significant players included in the research study of the global computer vision in healthcare market.
Market Research Report on the Global Computer Vision in Healthcare Include:
Economic Sectors and Share of Computer Vision in Healthcare
Global Computer Vision in Healthcare Market Size Forecast
Computer Vision in Healthcare Performance Index
Industry Structure by Segments
Healthcare Sector globally
Computer Vision in Healthcare Drivers
Regional Opportunities and Trends
Computer Vision in Diagnostic Market Computer Vision in Healthcare Competitors Landscape
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