Market Overview:
The global medical imaging artificial intelligence market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for AI-based image analysis solutions for diagnostic and therapeutic purposes, rising incidence of chronic diseases, and growing investments by key players in R&D activities. Based on type, the global medical imaging artificial intelligence market is segmented into radiology image analysis and pathology image analysis. Radiology image analysis is further sub-segmented into chest x-ray interpretation, mammography interpretation, and others. Pathology image analysis is further sub-segmented into histopathology diagnosis, hematology diagnosis, and others. Pathology image analysis held the largest share of the global medical imaging artificial intelligence market in 2017 owing to its growing demand for early cancer detection and treatment decisions. Based on application, the global medical imaging artificial intelligence market is segmented into public hospital sector; private hospital sector; health service center sector; academic research institutes sector; pharmaceutical & biotechnology companies sector; CROs (contract research organizations) sector; other end users (including insurance providers).
Product Definition:
Medical Imaging Artificial Intelligence (MIAI) is a subfield of AI that uses computer vision and machine learning algorithms to interpret medical images for diagnostic and treatment purposes. MIAI has the potential to improve the accuracy and efficiency of medical diagnosis, treatment, and research.
Radiology Image Analysis:
The radiology image analysis market is expected to witness lucrative growth over the forecast period owing to increasing demand for early diagnosis and rising adoption of Artificial Intelligence (AI) in medical imaging. The growing prevalence of chronic diseases such as cancer, cardiovascular disorders, and diabetes has led to an increase in the volume of diagnostic imaging scans performed annually. This has further created a need for advanced diagnostic tools that can reduce human intervention time while delivering accurate results.
Pathology Image Analysis:
The global pathology image analysis and it's usage in medical imaging artificial intelligence market size was valued at USD 0.8 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 19.7% from 2019 to 2023. The rising prevalence of chronic diseases, such as cancer, cardiovascular disorders, neurological conditions, diabetes mellitus among others are some major factors driving the market for pathology image analysis and its usage in medical imaging AI.
Application Insights:
The market is segmented into public hospital, private hospital, and health service center based on application. The public hospitals held the largest share of the overall revenue in 2017 due to increase in government funding for the development of imaging technologies at hospitals. For instance, radiology image analysis at a public hospital will be more beneficial as compared to a private one as it has access to advanced equipment and highly skilled radiologists.
Health Service Center (HSC) is expected to be fastest growing region over the forecast period owing to factors such as increasing number of HSCs across developing countries with low spending capacity which are still able to provide essential healthcare services due tp high demand for these centers. Furthermore, reduction in cost associated with deploying AI systems will enable thematic focus on improving patient care thereby driving growth further over next seven years or so.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of major players, such as GE Healthcare; Siemens Healthineers; and Koninklijke Philips N.V., with their research & development centers located in this region. Moreover, increasing adoption of these systems by healthcare providers for better patient care is expected to drive demand for GMIAI solutions over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to factors such as improving healthcare infrastructure and rising awareness about advanced diagnostic technologies among patients and physicians alike. Furthermore, growing number of medical imaging studies conducted across Asia Pacific countries are contributing significantly toward revenue generation in this region through various clinical trials involving radiology image analysis applications and pathology image analysis applications respectively (Medical XXXXXXX).
Growth Factors:
- Increasing demand for early and accurate diagnosis of diseases
- Growing number of AI startups in the medical imaging field
- Rising prevalence of chronic diseases
- Proliferation of big data in healthcare industry
- Development of innovative technologies such as deep learning
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Imaging Artificial Intelligence Market Research Report
By Type
Radiology Image Analysis, Pathology Image Analysis
By Application
Public Hospital, Private Hospital, Health Service Center
By Companies
Yitu Tech, Tencent Miying, Jianpei Tch, Shenzhen Smart Imaging Healthcare Co.,Ltd (Zying), Dr.Brain, Voxel Cloud, Deep Informatics++, Rayplus, RadMedical, Beijing Medp.AI, Wingspan, IBM Waston (Merge Healthcare), Enlitic, Arterys, Lunit, Zebra Medical Vision, Zhejiang FT Image, Sino Vision
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Medical Imaging Artificial Intelligence Market Report Segments:
The global Medical Imaging Artificial Intelligence market is segmented on the basis of:
Types
Radiology Image Analysis, Pathology Image Analysis
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Public Hospital, Private Hospital, Health Service Center
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Yitu Tech
- Tencent Miying
- Jianpei Tch
- Shenzhen Smart Imaging Healthcare Co.,Ltd (Zying)
- Dr.Brain
- Voxel Cloud
- Deep Informatics++
- Rayplus
- RadMedical
- Beijing Medp.AI
- Wingspan
- IBM Waston (Merge Healthcare)
- Enlitic
- Arterys
- Lunit
- Zebra Medical Vision
- Zhejiang FT Image
- Sino Vision
Highlights of The Medical Imaging Artificial Intelligence Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Radiology Image Analysis
- Pathology Image Analysis
- By Application:
- Public Hospital
- Private Hospital
- Health Service Center
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Imaging Artificial Intelligence Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical imaging artificial intelligence is a subset of artificial intelligence that uses medical images to improve decision making. Medical imaging artificial intelligence can be used to identify abnormalities in images, diagnose diseases, and recommend treatments.
Some of the key players operating in the medical imaging artificial intelligence market are Yitu Tech, Tencent Miying, Jianpei Tch, Shenzhen Smart Imaging Healthcare Co.,Ltd (Zying), Dr.Brain, Voxel Cloud, Deep Informatics++, Rayplus, RadMedical, Beijing Medp.AI, Wingspan, IBM Waston (Merge Healthcare), Enlitic, Arterys, Lunit, Zebra Medical Vision, Zhejiang FT Image, Sino Vision.
The medical imaging artificial intelligence market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Imaging Artificial Intelligence Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Imaging Artificial Intelligence Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Imaging Artificial Intelligence Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Imaging Artificial Intelligence Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Imaging Artificial Intelligence Market Size & Forecast, 2018-2028
4.5.1 Medical Imaging Artificial Intelligence Market Size and Y-o-Y Growth
4.5.2 Medical Imaging Artificial Intelligence Market Absolute $ Opportunity
Chapter 5 Global Medical Imaging Artificial Intelligence Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Imaging Artificial Intelligence Market Size Forecast by Type
5.2.1 Radiology Image Analysis
5.2.2 Pathology Image Analysis
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Imaging Artificial Intelligence Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Imaging Artificial Intelligence Market Size Forecast by Applications
6.2.1 Public Hospital
6.2.2 Private Hospital
6.2.3 Health Service Center
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Imaging Artificial Intelligence Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Imaging Artificial Intelligence Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Imaging Artificial Intelligence Analysis and Forecast
9.1 Introduction
9.2 North America Medical Imaging Artificial Intelligence Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Imaging Artificial Intelligence Market Size Forecast by Type
9.6.1 Radiology Image Analysis
9.6.2 Pathology Image Analysis
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Imaging Artificial Intelligence Market Size Forecast by Applications
9.10.1 Public Hospital
9.10.2 Private Hospital
9.10.3 Health Service Center
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Imaging Artificial Intelligence Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Imaging Artificial Intelligence Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Imaging Artificial Intelligence Market Size Forecast by Type
10.6.1 Radiology Image Analysis
10.6.2 Pathology Image Analysis
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Imaging Artificial Intelligence Market Size Forecast by Applications
10.10.1 Public Hospital
10.10.2 Private Hospital
10.10.3 Health Service Center
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Imaging Artificial Intelligence Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Imaging Artificial Intelligence Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Imaging Artificial Intelligence Market Size Forecast by Type
11.6.1 Radiology Image Analysis
11.6.2 Pathology Image Analysis
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Imaging Artificial Intelligence Market Size Forecast by Applications
11.10.1 Public Hospital
11.10.2 Private Hospital
11.10.3 Health Service Center
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Imaging Artificial Intelligence Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Imaging Artificial Intelligence Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Imaging Artificial Intelligence Market Size Forecast by Type
12.6.1 Radiology Image Analysis
12.6.2 Pathology Image Analysis
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Imaging Artificial Intelligence Market Size Forecast by Applications
12.10.1 Public Hospital
12.10.2 Private Hospital
12.10.3 Health Service Center
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Imaging Artificial Intelligence Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Imaging Artificial Intelligence Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Imaging Artificial Intelligence Market Size Forecast by Type
13.6.1 Radiology Image Analysis
13.6.2 Pathology Image Analysis
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Imaging Artificial Intelligence Market Size Forecast by Applications
13.10.1 Public Hospital
13.10.2 Private Hospital
13.10.3 Health Service Center
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Imaging Artificial Intelligence Market: Competitive Dashboard
14.2 Global Medical Imaging Artificial Intelligence Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yitu Tech
14.3.2 Tencent Miying
14.3.3 Jianpei Tch
14.3.4 Shenzhen Smart Imaging Healthcare Co.,Ltd (Zying)
14.3.5 Dr.Brain
14.3.6 Voxel Cloud
14.3.7 Deep Informatics++
14.3.8 Rayplus
14.3.9 RadMedical
14.3.10 Beijing Medp.AI
14.3.11 Wingspan
14.3.12 IBM Waston (Merge Healthcare)
14.3.13 Enlitic
14.3.14 Arterys
14.3.15 Lunit
14.3.16 Zebra Medical Vision
14.3.17 Zhejiang FT Image
14.3.18 Sino Vision
