The global AI-enabled X-ray imaging solutions market size reached US$ 207.9 million in 2023. The market is projected to reach US$ 848.4 million by 2032, exhibiting a growth rate (CAGR) of 16.91% during 2023-2032. The steady expansion in the healthcare industry, significant technological advancements, and extensive research and development (R&D) activities represent some of the key factors driving the market.
Artificial intelligence (AI)-enabled X-ray imaging solutions represent a suit of medical diagnostics that enables radiologists to evaluate and examine intricate images of diverse organs and their conditions at improved speed and accuracy. They employ various software and hardware solutions that use computerized algorithms to analyze data and perform predictive analysis and risk assessments. Moreover, AI-enabled X-ray imaging solutions offer intensive image acquisition, triage, treatment decision support, image analysis, reporting and communication, and diagnosis as standard services. These facilities reduce the requirement of human specialties, allow an information-driven approach, enhance the picture quality, reduce radiation exposure, and enable practitioners to make better clinical decisions. As a result, AI-enabled X-ray imaging solutions are widely used in general and specialty radiology for the extensive clarification of abnormalities amongst patients and provide better treatment solutions.
2. What is the expected growth rate of the global AI-enabled X-ray imaging solutions market during 2024-2032?
3. What are the key factors driving the global AI-enabled X-ray imaging solutions market?
4. What has been the impact of COVID-19 on the global AI-enabled X-ray imaging solutions market?
5. What is the breakup of the global AI-enabled X-ray imaging solutions market based on the product?
6. What is the breakup of the global AI-enabled X-ray imaging solutions market based on the mode of deployment?
7. What is the breakup of the global AI-enabled X-ray imaging solutions market based on the workflow?
8. What is the breakup of the global AI-enabled X-ray imaging solutions market based on the application?
9. What are the key regions in the global AI-enabled X-ray imaging solutions market?
10. Who are the key players/companies in the global AI-enabled X-ray imaging solutions market?
Artificial intelligence (AI)-enabled X-ray imaging solutions represent a suit of medical diagnostics that enables radiologists to evaluate and examine intricate images of diverse organs and their conditions at improved speed and accuracy. They employ various software and hardware solutions that use computerized algorithms to analyze data and perform predictive analysis and risk assessments. Moreover, AI-enabled X-ray imaging solutions offer intensive image acquisition, triage, treatment decision support, image analysis, reporting and communication, and diagnosis as standard services. These facilities reduce the requirement of human specialties, allow an information-driven approach, enhance the picture quality, reduce radiation exposure, and enable practitioners to make better clinical decisions. As a result, AI-enabled X-ray imaging solutions are widely used in general and specialty radiology for the extensive clarification of abnormalities amongst patients and provide better treatment solutions.
AI-Enabled X-Ray Imaging Solutions Market Trends
The widespread integration of artificial intelligence (AI) and other computational algorithms in the healthcare industry represent one of the key factors driving the market growth. In line with this, the increasing need for advanced imaging and diagnostic solutions to detect various chronic and cardiovascular disorders (CVDs) amongst individuals is acting as another growth-inducing factor. Additionally, the extensive utilization of multiple imaging modalities, including computer tomography (CT), magnetic resonance (MR), mammography, multimodality imaging systems, and ultrasound, has further facilitated product demand across the globe, which is contributing to the market growth. Moreover, the advent of mobile X-ray applications and significant technological advancements in terms of improvements in software capabilities and facilities are supporting the market growth. This can be further attributed to the large-scale integration of deep learning, machine learning (ML) and robotics, which help increase productivity by optimizing precision and high-grade automation. Furthermore, the escalating usage of AI-enabled X-rays during the COVID-19 pandemic to diagnose and gain remote access to images via telehealth is favoring the market growth. Apart from this, the rising awareness regarding multiple product benefits, such as reliability, stability and instant reproducible disease information and recent research and development (R&D) activities to enable high-grade automation, along with significant expansion in the healthcare industry are positively impacting the market growth.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global AI-enabled X-ray imaging solutions market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on product, mode of deployment, workflow, and application.Product Insights:
- Software
- Perpetual License
- Subscription License
- Fee-per-case Software License
- Hardware
Mode of Deployment Insights:
- Cloud-based and Web-based
- On-premises
Workflow Insights:
- Detection
- Image Acquisition
- Image Analysis
- Diagnosis and Treatment Decision Support
- Triage
- Predictive Analysis and Risk Assessment
- Reporting and Communication
Application Insights:
- General Radiology
- Specialty Radiology
- Chest
- Musculoskeletal
- Fluoroscopy
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global AI-enabled X-ray imaging solutions market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Arterys Inc., Behold.ai Technologies Limited, Imagen Technologies Inc., Infervision Medical Technology Co. Ltd., Lunit Inc., Qure.ai Technologies Private Limited, VUNO Inc., etc.Key Questions Answered in This Report
1. What was the size of the global AI-enabled X-ray imaging solutions market in 2023?2. What is the expected growth rate of the global AI-enabled X-ray imaging solutions market during 2024-2032?
3. What are the key factors driving the global AI-enabled X-ray imaging solutions market?
4. What has been the impact of COVID-19 on the global AI-enabled X-ray imaging solutions market?
5. What is the breakup of the global AI-enabled X-ray imaging solutions market based on the product?
6. What is the breakup of the global AI-enabled X-ray imaging solutions market based on the mode of deployment?
7. What is the breakup of the global AI-enabled X-ray imaging solutions market based on the workflow?
8. What is the breakup of the global AI-enabled X-ray imaging solutions market based on the application?
9. What are the key regions in the global AI-enabled X-ray imaging solutions market?
10. Who are the key players/companies in the global AI-enabled X-ray imaging solutions market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global AI-Enabled X-Ray Imaging Solutions Market
6 Market Breakup by Product
7 Market Breakup by Mode of Deployment
8 Market Breakup by Workflow
9 Market Breakup by Application
10 Market Breakup by Region
11 Drivers, Restraints, and Opportunities
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Arterys Inc.
- Behold.ai Technologies Limited
- Imagen Technologies Inc.
- Infervision Medical Technology Co. Ltd.
- Lunit Inc.
- Qure.ai Technologies Private Limited
- VUNO Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 207.9 Million |
| Forecasted Market Value ( USD | $ 848.4 Million |
| Compound Annual Growth Rate | 16.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
