Market Research Future (MRFR) has published on the “Global AI-assisted Radiology Market”.
The AI-assisted Radiology market is estimated to register a CAGR of 32.96% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the Global AI-assisted Radiology Market— Koninklijke Philips N.V. (Netherlands), Siemens Healthineers AG (Germany), ContextVision AB (Sweden), GE Healthcare (US), FUJIFILM Corporation (Japan), Agfa-Gevaert Group (Belgium), ClariPi Inc (South Korea), Lunit Inc (South Korea), Enlitic Inc. (US), and NANO-X IMAGING LTD (Israel).
AI-assisted Radiology Market Highlights
The global AI-assisted Radiology market is expected to register a CAGR of 32.96% during the forecast period and is estimated to reach USD 27.18 billion by 2032.
The rising number of AI-powered medical imaging start- ups and growing strategic initiatives by market players are the major factors driving the growth of the global AI-assisted radiology market. However, high cost and resource constraints are expected to hamper the growth of the global market. Nevertheless, increasing funding & investment for ai in medical imaging across the globe is anticipated to create lucrative opportunities for the market.
Segment Analysis
The global AI-assisted Radiology market has been segmented based on technique, application, and end user.
On the basis of the technique, includes X-rays, magnetic resonance imaging, computed tomography, positron emission tomography (PET), and others. The computed tomography segment dominated the market in 2023, while the magnetic resonance imaging segment is projected to be the fastest-growing segment during the forecast period, 2024–2032. CT provides highly detailed images of internal structures, allowing healthcare professionals to visualize soft tissues, bones, blood vessels, and organs with great clarity.
On the basis of application, the market is segmented into neurology, mammography (breast cancer), cardiovascular, respiratory and pulmonary, orthopedics, and others. The neurology segment dominated the market in 2023, while the cardiovascular segment is projected to be the fastest-growing segment during the forecast period, 2024–2032. AI algorithms can assist radiologists in detecting and diagnosing neurological conditions more accurately and efficiently. Furthermore, AI algorithms can help in the early detection of neurological disorders such as tumors, aneurysms, or strokes, enabling timely intervention and potentially better outcomes for patients.
On the basis of end user, the market is segmented into hospitals, diagnostic imaging centers, and others. The hospitals segment dominated the market in 2023, while the diagnostic imaging centers segment is projected to be the fastest-growing segment during the forecast period, 2024–2032. AI-powered telemedicine platforms can facilitate remote consultations between radiologists and healthcare providers, enabling timely access to expert opinions and improving patient care in underserved areas. Moreover, AI can streamline radiology workflows by automating routine tasks such as image analysis, annotation, and report generation.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of AI-assisted Radiology Market Research Report
Regional Analysis
The global AI-assisted Radiology market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe AI-assisted Radiology market comprises of Germany, France, the UK, Italy, Spain, and the Rest of Europe. The AI-assisted Radiology market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World AI-assisted Radiology market comprises of Middle East, Africa, and Latin America.
North America AI-assisted Radiology market is experiencing significant growth, driven by many factors. Advances in artificial intelligence (AI) and machine learning have transformed radiology by increasing diagnostic accuracy, streamlining operations, and improving patient outcomes. This technical advancement tackles issues such as increased demand for effective healthcare delivery in the face of rising chronic disease prevalence and a radiology shortage. Government initiatives, investments in AI research, and collaborations between healthcare providers and technology companies all contribute to industry expansion in North America.
Several key drivers are propelling the AI-assisted radiology market in Europe, supporting rapid expansion and adoption throughout the region. Advances in artificial intelligence (AI) and machine learning technologies have greatly improved radiological diagnostic accuracy and efficiency. This has become critical in meeting the growing need for prompt and precise healthcare services, especially given the aging population and rising prevalence of chronic diseases. Government support and legislative frameworks fostering AI integration in healthcare, together with investments in R&D, drive innovation and industry growth.
The Asia Pacific AI-assisted Radiology market is experiencing substantial growth, propelled by a confluence of factors that underscore the increasing demand for AI-assisted Radiology in the region. The growing demand for AI-assisted Radiology in industries such as pharmaceuticals and biotechnology due to stringent regulations regarding product quality and safety, increasing adoption of advanced technologies, and government initiatives and investments contribute to the market's expansion.
Moreover, the Rest of the World is segmented into the Middle East, Africa, and Latin America. The AI-assisted Radiology market in the above-mentioned regions is witnessing noteworthy growth, driven by a convergence of factors highlighting the escalating demand for AI-assisted Radiology in this region. With evolving healthcare infrastructures and growing prevalence of diseases that require radiology imaging is leading to higher demand for AI-assisted radiology solutions. Therefore, the market is experiencing a surge in demand.
Key Findings of the Study
- The global AI-assisted Radiology market is expected to reach USD 27.18 billion by 2032, at a CAGR of 32.96% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market.
- Based on technique, the computed tomography segment was attributed to holding the largest market in 2023.
- Koninklijke Philips N.V. (Netherlands), Siemens Healthineers AG (Germany), ContextVision AB (Sweden), GE Healthcare (US), and FUJIFILM Corporation (Japan) are the key market players.
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Companies Covered | 15 |
Pages | 129 |
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