At 35.9% CAGR, Artificial Intelligence in Radiology Market Size, Share, Upcoming Trends, Latest Innovations with Technology, Detailed Analysis and Research Development Report to 2027
Pune, Maharashtra, India, February 25 2021 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –:The latest research report on Artificial Intelligence in Radiology Market delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrate its growth trends and competitive landscape as well as the key players in the business.
Global Artificial Intelligence in Radiology Market is valued at USD 21.5 Million in 2018 and expected to reach USD 181.1 Million by 2025 with a CAGR of 35.9% over the forecast period.
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Scope of Artificial Intelligence in Radiology Market Report–
Artificial intelligence also known as machine intelligence is a branch of computer science that works to create intelligent machines. The use of artificial intelligence has been rapidly progressing in medicine, particularly in radiology. In radiology, it is used to identify the onset of diseases at early stage and enable to plan the treatment for long term needs and offer the highest level of accuracy. AI is used in medical field as clinical decision support and information management (for both physician as well as patients) and can modify the practice of radiology in processes such as detection & prioritization, monitoring & registration, image acquisition and reporting. This technology can be used to analyze medical imaging solutions to identify most effective solution for acute abnormalities across both human as well as animal bodies. It can add a layer of precision and consistency to the search for anomalies if something goes unnoticed. Time sensitive cases like stroke treatments can be diagnosed faster by operating AI systems. The challenges in this field now become identifying opportunities for reducing inefficiencies in radiology workflow through AI integration.
Artificial Intelligence In Radiology Market report is segmented on the basis of radiology type, application, technique and region & country level. Based upon radiology type, artificial intelligence in radiology market is segmented into mammography, chest imaging, neurology, colonography, cardiovascular, head CT scan and rest of the body. Based on application, the market is segmented into computer-aided diagnosis, clinical decision support, quantitative analysis tools, and computer-aided detection. Based upon technique, artificial intelligence in radiology market is segmented into x-rays, computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, potential emission tomography (PET) and others.
The regions covered in this artificial intelligence in radiology market report are North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. On the basis of country level, the market of artificial intelligence in radiology is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Some major key players for artificial intelligence in radiology market are AI Technologies Ltd., Enlitic, Inc., EnvoyAI, Freenome Inc., Gleamer Ltd., IBM Corporation and others.
The artificial intelligence in radiology market is driven by the factors such as use of machine learning technology in diagnostic imaging along with the increasing use of quantitative imaging and biomarkers imaging in clinical practices. Apart from making radiologists more productive and efficient, AI and machine learning are likely to improve the experience of patients throughout imaging process. Market players are coming up with new image acquisition hardware along with embedded AI technologies. Core structure such as computing and storage devices, networking has also improved in performance with current technical advancements. Additionally, increase in the use of AI beyond image analysis like practice management, quality assurance and improvements in the performance of deep learning algorithms over early generation of AI are the factors that are also supporting the market growth. However, the factors such as slow regulatory approval process, lack of real-world confirmation to validate the economic benefits and the return on investment, and long sales & implementation cycles may hamper the market growth.
Moreover, offering speed, accuracy and quality of image interpretation and diagnosis in radiology creating new revenue opportunities for the market. Also, advances in computing and rapid changes in medical industry accelerating the innovations and huge R&D developments are fuelling the future growth of the market.
The artificial intelligence in radiology market by region is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America has captured the largest market share and is expected to continue the same over the forecast period owing to the well-established healthcare and medicine systems that supports the use of new technologies in this region. Startups receiving the most investors’ attention in AI due to which the market in North America is anticipated to observe high growth. The national institutes of health (NIH) held a workshop to explore the future of AI in medical imaging in which they found imaging research laboratories are swiftly generating machine learning systems that achieve expert human performance using open source methods and tools shows R&D developments in North America. Asia-Pacific countries are expected to show fast growth in the forthcoming years because of the growing technologies in imaging and biotechnology sectors and Government initiatives & increasing healthcare expenditures. In addition to this, presence of large number of patients and population pool will foster the market growth in this region within the forecast period. Based on the size of its population and huge volume of accessible digital medical data, china has significant advantage in developing medical AI and thus emerging as a popular hub for healthcare AI in radiology.
Key Benefits for Market Report–
Artificial Intelligence in Radiology Market report covers in-depth historical and forecast analysis. Artificial Intelligence in Radiology Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level. Artificial Intelligence in Radiology Market report helps to identify opportunities in marketplace. Artificial Intelligence in Radiology Market report covers extensive analysis of emerging trends and competitive landscape.
By Radiology Type:
Mammography Chest Imaging Neurology Colonography Cardiovascular Head CT Scan Rest of the body
Computer-aided Diagnosis Clinical Decision Support Quantitative Analysis Tools Computer-aided Detection
X-rays Computed Tomography (CT) Magnetic Resonance Imaging (MRI) Ultrasound Positron Emission Tomography (PET) Others
By Regional & Country Analysis:
North America U.S. Canada Europe U.K. France Germany Italy Asia Pacific China Japan India Southeast Asia Latin America Brazil Mexico Middle East and Africa GCC Africa Rest of Middle East and Africa
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Artificial Intelligence in Radiology Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Artificial Intelligence in Radiology Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Artificial Intelligence in Radiology Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Artificial Intelligence in Radiology Market Overview: Quantitative Analysis
4. Chapter – Global Artificial Intelligence in Radiology Market Analysis: Segmentation By Type
5. Chapter – Global Artificial Intelligence in Radiology Market Analysis: Segmentation By Application
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