The global AI-enabled X-ray imaging solutions market size reached US$ 174.31 Million in 2022. Looking forward, the analyst expects the market to reach US$ 502.04 Million by 2028, exhibiting a CAGR of 19.28% during 2022-2028.
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.
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.
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 analyst 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 2023-2028. Our 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
The report has also provided a detailed breakup and analysis of the AI-enabled X-ray imaging solutions market based on the product. This includes software (perpetual, subscription, and fee-per-case software license) and hardware. According to the report, software represented the largest segment.
Mode of Deployment Insights:
- Cloud-based and Web-based
- On-premises
A detailed breakup and analysis of the AI-enabled X-ray imaging solutions market based on the mode of deployment has also been provided in the report. This includes cloud-based and web-based, and on-premises. According to the report, cloud-based and web-based accounted for the largest market share.
Workflow Insights:
- Detection
- Image Acquisition
- Image Analysis
- Diagnosis and Treatment Decision Support
- Triage
- Predictive Analysis and Risk Assessment
- Reporting and Communication
The report has also provided a detailed breakup and analysis of the AI-enabled X-ray imaging solutions market based on the workflow. According to the report, detection represented the largest segment.
Application Insights:
- General Radiology
- Specialty Radiology
- Chest
- Musculoskeletal
- Fluoroscopy
- Others
Key Questions Answered in This Report:
- How has the global AI-enabled X-ray imaging solutions market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global AI-enabled X-ray imaging solutions market?
- What are the key regional markets?
- Which countries represent the most attractive AI-enabled X-ray imaging solutions markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the mode of deployment?
- What is the breakup of the market based on the workflow?
- What is the breakup of the market based on the application
- What is the competitive structure of the global AI-enabled X-ray imaging solutions market?
- Who are the key players/companies in the global AI-enabled X-ray imaging solutions market?
Source: https://www.businesswire.com/
