Global AI For Radiology Market Size By Type, By Application, By Geographic Scope And Forecast

AI For Radiology Market Size And Forecast

AI For Radiology Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.

The increasing use of artificial intelligence and improved technologies are the primary factors responsible for the growth of this market. The Global AI For Radiology Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global AI For Radiology Market Definition

Artificial intelligence refers to a branch of computer science that works to create intelligent machines. The use of these intelligent machines has been rapidly progressing in medicine, particularly in radiology. In radiology, it is used to detect the onset of diseases at early stages and thus, enables in planning the treatment for long-term needs with the highest level of accuracy.

AI is used in the medical field as clinical decision support and information management and can help in modifying the practice of radiology in processes such as monitoring & registration, detection & prioritization, image acquisition, and reporting. It can further be used to analyze medical imaging solutions in order to identify the most effective solutions for acute abnormalities across both human as well as animal bodies. Furthermore, it can add a layer of precision and consistency to the search for anomalies if something goes unnoticed. The advances in technology and innovations are expected to drive the growth of this market.

Global AI For Radiology Market Overview

The use of machine learning technology in diagnostic imaging coupled with the increasing use of quantitative imaging and biomarkers imaging in clinical practices are the major factors driving the growth of the Global AI For Radiology Market. In addition to this, the improved experience of patients throughout the imaging process is also expected to boost the market growth.

Furthermore, the introduction of new image acquisition hardware along with embedded AI technologies along with growing use of AI beyond image analysis like quality assurance, practice management, and improved performance of deep learning algorithms over an early generation of AI is also anticipated for the growth of this market.

Moreover, accuracy, speed, and quality of image interpretation and diagnosis in radiology are likely to create lucrative opportunities for the growth of this market. On the other hand, slow regulatory approval processes may hamper the growth of this market. However, a slow regulatory approval process, lack of real-world confirmation to validate the economic benefits and the return on investment, along with long sales & implementation cycles may hinder the growth of this market.

Global AI For Radiology MarketSegmentation Analysis

The Global AI For Radiology Market is segmented based on Type, Application, and Geography.

AI For Radiology Market, By Type

• Mammography• Chest Imaging• Neurology• Colonography• Others

Based on Type, the market is bifurcated into Mammography, Chest Imaging, Neurology, Colonography, and Others. The mammography segment is expected to hold the largest share due to the increasing risks of breast cancer.

AI For Radiology Market, By Application

• Computer-Aided Diagnosis• Clinical Decision Support• Quantitative Analysis Tools• Computer-Aided Detection

Based on Application, the market is bifurcated into Computer-Aided Diagnosis, Clinical Decision Support, Quantitative Analysis Tools, and Computer-Aided Detection. The Computer-Aided Diagnosis is expected to have the maximum share owing to its increasing use of it.

AI For Radiology Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of regional analysis, the Global AI For Radiology Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to hold the largest market share in the forecast period because of the well-established healthcare systems that support new technologies in this region.

Key Players

The “Global AI For Radiology Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are AI Technologies Ltd, Enlitic, Inc., EnvoyAI, Freenome Inc., Gleamer Ltd., IBM Corporation, Arterys, and Aidoc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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