The global Artificial Intelligence Radiology market research is an intelligence report announced by Absolute Markets Insights. The erudite market study provides insightful data for readers to help them in making informed business decisions. Primary and secondary research methodologies have also been used to discover the correct and applicable data of Artificial Intelligence Radiology market. Effective business strategies of key market players and of new startup industries are also studied thoroughly to provide extensive market knowledge. The report makes use of an effective analysis technique such as SWOT and Porter’s five analysis to present its accurate results on the market.
Radiology is the method of imaging the human body so as to
understand various diseases in the body and strategize the ways to treat the
same. The involvement of artificial intelligence in radiology enhances
radiologists’ workflow, simplifies quantitative radiology, and assists in
discovering genomic markers. Artificial intelligence algorithms, majorly deep
learning, have made high progress in image-recognition processes. The methods
of image-recognition range from convolutional neural networks to variational
autoencoders, which has wide application across the medical image analysis
field thereby propelling the growth of artificial intelligence in radiology
market. Through the radiology process, trained surgeons visually access medical
images for detection, characterization and monitoring of diseases. Artificial
intelligence algorithms excels at automatically recognizing multifarious
patterns in imaging data and providing quantitative, rather than qualitative
assessments of radiographic characteristics. With the rising critical illness
threat such as myocardial infarction (heart attack), cerebral hemorrhage or
intracerebral hemorrhage and other acute disease, artificial intelligence has
proven to be healthy affair in encountering these diseases. Additionally,
artificial intelligence is being used to refine image construction, and enhance
image quality which helps them to give a better idea about the patient
condition in real time. Hence, artificial intelligence in radiology market is
gaining demand.
Top Key Players includes: Aidoc, Arterys,
Behold.ai Technologies Limited, Enlitic, Inc., EnvoyAI, FreenomeInc.,
GleamerLTD, IBM Corp. (IBM Watson), MARS BioimagingLtd., Nuance Communications,
Inc., Qure.ai, SigTupleTechnologies Private Limited, VIDA Diagnostics, Inc.,
and Zebra Medical Vision, Inc. amongst others
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In terms of revenue, global artificial intelligence radiology
market is expected to reach US$ 3,506.55 + million by 2030 owing
to advancement in algorithms for better image recognition, characterization and
monitoring of disease. Computed Tomography Solution held the largest market
share in 2020 and is expected to grow at a CAGR of +17.4% over the forecast
period of 2022-2030 because of the integration of artificial intelligence with
CT scan for faster processing and disease detection. North America region
is expected to witness the highest CAGR over the forecast period owing to
technological innovation along with improving infrastructure facilities for
computed tomography (CT), magnetic resonance imaging (MRI) and positron
emission tomography (PET).
Artificial Intelligence Radiology Market Segmentation:
By Technique
- X-rays
- Computed
Tomography (CT)
- Magnetic
Resonance Imaging (MRI)
- Ultrasound
- Positron
Emission Tomography (PET)
- Others
By Radiology Type
- Mammography
- Chest Imaging
- Neurology
- Colonography
- Cardiovascular
- Head CT Scan
- Rest of the body
By Application
- Computer-aided
Diagnosis
- Clinical
Decision Support
- Quantitative
Analysis Tools
- Computer-aided
Detection
By Region
- North America
- Europe
- Asia Pacific
- Middle East and
Africa
- Latin America
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