AI-Enabled Medical Imaging Solutions Market An Exclusive Study On Upcoming Trends And Growth Opportunities

Overview on the Global AI-Enabled Medical Imaging Solutions Market

Global AI-enabled imaging modalities market is currently witnessing a significant change in the market landscape. There is rising investment in development of healthcare infrastructure, increasing evidences for efficient and promising results in treatment and diagnosis assistance. Thus, this is leading to potential growth opportunities for the AI-enabled imaging modalities market. Moreover, there is an extensive entry of emerging players developing AI powered imaging systems, and software companies into the healthcare space. All these predominant factors have led to a significant rise in sales of AI-based imaging modality systems across the globe.

Global AI-Enabled Medical Imaging Solutions Market Forecast, 2020-2030

The global AI-enabled medical imaging solutions market was valued at $636.1 million in 2019 and is anticipated to reach $10,145.1 million by 2030, growing at a CAGR of 26.69%, during the forecast period 2020-2030. The increasing complexities in clinical decision making, rising radiologist workload, and huge R&D investments are the major factors fueling the market growth. In addition to these factors, there are significant challenges and restraints, which are restricting the market growth. These challenges include the physicians’ reluctance toward the adoption of advanced technologies such as AI and the privacy and security concerns related to healthcare data. Hence, it is anticipated that these trends will have a significant impact on AI-enabled medical imaging solutions market in the next five years, and the market will grow multifold.

Competitive Landscape

The global AI-enabled medical imaging solutions market consists of numerous large-scale as well as small-scale manufacturers and vendors. Presently, with the increasing adoption of AI in healthcare, the manufacturers in the market have ample number of opportunities to expand their offerings and to establish a strong foothold in the market.

During January 2015- November 2020, the market witnessed approximately 134 joint ventures, collaborations, and partnerships, 102 funding and investments, 101 product approvals, 54 product launches and enhancements, and six mergers and acquisitions in the past five years (2015-2020). Joint ventures, collaborations, and partnerships were among the most frequently followed strategies which were incorporated by numerous players to establish a strong foothold in the market.

Most of the manufacturers in the market are incorporating collaborations and partnerships with not only other companies but also the university and research institutions as the key strategies to develop novel AI-embedded medical imaging systems and attain a strong financial position in the market.
Moreover, the leading imaging modality providers in the global AI-enabled medical imaging solutions market include Koninklijke Philips N.V., EchoNous, Inc., 4Dx Limited, Samsung Group, and Butterfly Network, Inc.

The leading platform providers, IT, and computing vendors in the global AI-enabled medical imaging solutions market include Intel Corporation, Blackford Analysis Limited, Synopsys, Inc., edgecase.ai, NTT Data Corporation, and EnvoyAI, among others.

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