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- Global AI-Enabled X-Ray Imaging Solutions Market
Global AI-Enabled X-Ray Imaging Solutions Market to Reach US$ 848.4 Million by 2032, Propelled by Significant Technological Advancements in Imaging and Diagnostic Solutions
August 25, 2023
| Healthcare
According to the latest report by IMARC Group titled “AI-Enabled X-Ray Imaging Solutions Market by Product (Software, Hardware), Mode of Deployment (Cloud-based and Web-based, On-premises), Workflow (Detection, Image Acquisition, Image Analysis, Diagnosis and Treatment Decision Support, Triage, Predictive Analysis and Risk Assessment, Reporting and Communication), Application (General Radiology, Specialty Radiology), and Region 2024-2032”, the global AI-enabled X-ray imaging solutions market size reached US$ 207.9 Million in 2023. AI-enabled X-Ray imaging solutions refer to the integration of artificial intelligence (AI) technologies with traditional X-Ray imaging systems to enhance diagnostic accuracy, efficiency, and personalized care. By employing sophisticated algorithms and machine learning models, these solutions analyze and interpret complex X-Ray images, enabling quicker and more precise diagnoses. Characteristically, AI-enabled X-Ray imaging solutions are designed to augment the capabilities of radiologists and medical professionals. They bring automation to the analysis of medical images, reducing human error and the time required for interpretation. These systems can identify subtle patterns or anomalies that might be overlooked by the human eye, thus aiding in early detection of diseases and conditions. The features of AI-enabled X-Ray imaging solutions are diverse and innovative. They include advanced image processing that allows for enhanced visualization and detail recognition, enabling more accurate assessments. Automated reporting tools can generate preliminary findings, streamlining workflow and allowing medical professionals to focus on complex cases. These solutions often come with the ability to learn and adapt, continuously improving their performance with each new image analyzed. Integration with existing medical records systems ensures seamless information flow, enhancing patient care coordination. Additionally, some solutions offer dose optimization, reducing the radiation exposure without compromising image quality.
Global AI-Enabled X-Ray Imaging Solutions Market Trends:
Significant technological advancements in medical diagnostics, coupled with an urgent need for precise and timely medical imaging, is propelling the expansion of the AI-enabled X-Ray imaging solutions market. In line with this, the rising need for detections and analyses of a wide array of medical conditions, ranging from skeletal injuries to pulmonary disorders, is acting as a growth-inducing factor. Moreover, the diversified applications of AI-enabled X-Ray imaging in various healthcare domains, including emergency rooms, outpatient clinics, and surgical suites, is facilitating the demand across the globe, fueling the market’s upward trajectory. Additionally, the emergence of portable and cloud-based AI-enabled X-Ray solutions, coupled with cutting-edge improvements in predictive analytics and image enhancement technologies, is fortifying the market landscape. This progression is underpinned by the seamless integration of neural networks, data analytics, and real-time reporting mechanisms, which together foster diagnostic accuracy and efficiency. Furthermore, the strategic employment of AI-enabled X-Ray imaging in global health crises, such as monitoring respiratory complications, has illuminated its vital role, enhancing the market growth. Apart from this, heightened awareness about the multifaceted advantages of these solutions, including their scalability, versatility, and capability to provide instantaneous diagnostic insights, along with ongoing investments in medical technology innovation, is shaping the future of the market. Looking forward, the market is expected to reach a value of US$ 848.4 Million by 2032, at a projected CAGR of 16.4% during 2024-2032.
Market Summary:
- Based on the product, the market is segmented into software (perpetual, subscription, and fee-per-case software license) and hardware. Currently, software accounts for the largest market share.
- Based on the mode of deployment, the market is bifurcated into cloud-based and web-based, and on-premises. At present, cloud-based and web-based hold the largest market share.
- On the basis of the workflow, the market is segmented into detection, image acquisition, image analysis, diagnosis and treatment decision support, triage, predictive analysis and risk assessment, and reporting and communication. Presently, detection accounts for the largest market share.
- Based on the application, the market is segmented into general radiology and specialty radiology (chest, musculoskeletal, fluoroscopy, and others). Currently, specialty radiology accounts for the largest market share.
- Region wise, the market is divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Presently, North America is dominating the market across the globe.
- The competitive landscape of the market has also been analyzed in the report. Some of the key market players include Arterys Inc., Behold.ai Technologies Limited, Imagen Technologies Inc., Infervision Medical Technology Co. Ltd., Lunit Inc., Qure.ai Technologies Private Limited, and VUNO Inc.
Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Products Covered |
|
| Modes of Deployment Covered | Cloud-based and Web-based, On-premises |
| Workflows Covered | Detection, Image Acquisition, Image Analysis, Diagnosis and Treatment Decision Support, Triage, Predictive Analysis and Risk Assessment, Reporting and Communication |
| Applications Covered |
|
| Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Arterys Inc., Behold.ai Technologies Limited, Imagen Technologies Inc., Infervision Medical Technology Co. Ltd., Lunit Inc., Qure.ai Technologies Private Limited, VUNO Inc., etc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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