How Has The Computer Vision in HealthcareMarket Size Evolved In Recent Years?
The computer vision in healthcare market has seen considerable growth due to a variety of factors.
• The market size for computer vision in healthcare has seen remarkable growth in recent years. The market's value is predicted to rise from $2.18 billion in 2024 to $3.18 billion in 2025, with a compound annual growth rate (CAGR) of 45.9%.
Factors contributing to this substantial growth during the historical period include an increase in accessible healthcare data, augmented processing power, enhanced diagnostic precision, and regulatory backing.
What Is The Projected Growth Of The Computer Vision in Healthcare Market?
The computer vision in healthcare market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for computer vision in healthcare is predicted to exponentially expand in the approaching years. By 2029, its growth is projected to hit $16.07 billion, with a compound annual growth rate (CAGR) of 50.0%.
Factors contributing to this growth during the forecasted period include predictive analytics in radiology, response to global health crises, human-focused design, and point-of-care imaging solutions. Notable trends during the projected period encompass medical imaging improvement, disease detection and diagnosis, assistance in surgery and robotics, drug invention and evolution, and interoperability and integration.
What Are The Key Drivers Fueling Growth In The Computer Vision in Healthcare Market?
The surge in the computer vision in healthcare market can be attributed to the increasing integration of AI-based technologies in healthcare. Machine learning and the ability of a machine to execute tasks typically performed by humans describe artificial intelligence. AI-based computer vision technologies incorporate natural language processing (NLP), a technology that allows computers to grasp text and spoken language in the same manner as humans. For example, in July 2022, the ACR Data Science Institute, a US-based organization committed to creating a protocol for incorporating machine learning in radiology professions, revealed that about 30% of radiologists are utilizing AI in clinical practice to enhance radiology imaging processes. Consequently, the use of AI-based technologies prompts the increased utilization of computer vision in the healthcare market.
What Are The Principal Market Segments In The Global Computer Vision in Healthcare Industry?
The computer vision in healthcare market covered in this report is segmented –
1) By Product: Software, Hardware, Network, Memory
2) By Application: Medical Imaging & Diagnostics, Surgeries, Clinical Trials, Patient Management and Research
3) By End Users: Healthcare Providers, Diagnostic Centers
Subsegments:
1) By Software: Imaging Software, Diagnostic Software, Analytical Software
2) By Hardware: Imaging Devices, Processing Units
3) By Network: Cloud Services, Local Area Networks (LAN)
4) By Memory: Storage Solutions, Data Backup Systems
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Which Emerging Market Trends Are Altering The Computer Vision in Healthcare Sector?
Key players in the field of healthcare-oriented computer vision are intensifying their efforts to develop cutting-edge validation software, aiming to achieve superior positioning in the market. Such software serves as a program or application to validate that a specific process, system, or software adheres to defined standards and regulations. Take for example, in March 2023, Landing AI, a computer vision cloud platform situated in the US, pioneered the launch of the world's foremost validation-ready computer vision software specifically for FDA-regulated manufacturers. The objective of this software is to expedite innovation for drugs and medical devices that enhance life quality within medical device, pharmaceutical, and life sciences sectors.
Who Are the Key Players in the Computer Vision in Healthcare Market?
Major companies operating in the computer vision in healthcare market include:
• NVIDIA Corporation
• International Business Machines Corporation (IBM)
• Alphabet Inc.
• Microsoft Corporation
• Intel Corporation
• Basler AG
• AiCure Technologies Inc.
• iCAD Inc.
• Xilinx Inc.
• Arterys Inc.
• Comofi Medtech Pvt. Ltd.
• SenseTime Technologies Limited
• GE Healthcare Technologies Inc.
• Koninklijke Philips N. V.
• Siemens AG
• Butterfly Network Inc.
• Caption Health Inc.
• CureMetrix Inc.
• Enlitic Inc.
• Freenome Holdings Inc.
• Gauss Surgical Inc.
• Hologic Inc.
• IDx Technologies Inc.
• Imagen Technologies Inc.
• Kheiron Medical Technologies Ltd.
• MaxQ AI Ltd.
• Medopad Ltd.
• Paige. AI Inc.
• Proscia Inc.
• Riverain Technologies LLC
• Viz. ai Inc.
• Zebra Medical Vision Ltd.
• Aidence B. V.
• Deep Lens Inc.
• EnsoData Inc.
• Fovia Inc.
• G42 Healthcare LLC
• GNS Healthcare Inc.
• HealthMyne Inc.
• HeartFlow Inc.
• Image Analysis Group LLC
• Infinitt Healthcare Co. Ltd.
• Kinetica Inc.
• Lunit Inc.
What are the Regional Insights into the Computer Vision in Healthcare Market?
Europe was the largest region in the computer vision in healthcare market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the computer vision in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
