Artificial Intelligence Radiology Market Size, Key Opportunities, Strategic Assessment, Strong Revenue

Posted November 23, 2021 by bhandvalkar94

The global Artificial Intelligence Radiology market research is an intelligence report announced by Absolute Markets Insights.
The global Artificial Intelligence Radiology market research is an intelligence report announced by Absolute Markets Insights. The erudite market study provides insightful data for readers to help them in making informed business decisions. Primary and secondary research methodologies have also been used to discover the correct and applicable data of Artificial Intelligence Radiology market. Effective business strategies of key market players and of new startup industries are also studied thoroughly to provide extensive market knowledge. The report makes use of an effective analysis technique such as SWOT and Porter’s five analysis to present its accurate results on the market.

Radiology is the method of imaging the human body so as to understand various diseases in the body and strategize the ways to treat the same. The involvement of artificial intelligence in radiology enhances radiologists’ workflow, simplifies quantitative radiology, and assists in discovering genomic markers. Artificial intelligence algorithms, majorly deep learning, have made high progress in image-recognition processes. The methods of image-recognition range from convolutional neural networks to variational autoencoders, which has wide application across the medical image analysis field thereby propelling the growth of artificial intelligence in radiology market. Through the radiology process, trained surgeons visually access medical images for detection, characterization and monitoring of diseases. Artificial intelligence algorithms excels at automatically recognizing multifarious patterns in imaging data and providing quantitative, rather than qualitative assessments of radiographic characteristics. With the rising critical illness threat such as myocardial infarction (heart attack), cerebral hemorrhage or intracerebral hemorrhage and other acute disease, artificial intelligence has proven to be healthy affair in encountering these diseases. Additionally, artificial intelligence is being used to refine image construction, and enhance image quality which helps them to give a better idea about the patient condition in real time. Hence, artificial intelligence in radiology market is gaining demand.

Top Key Players includes: Aidoc, Arterys, Technologies Limited, Enlitic, Inc., EnvoyAI, FreenomeInc., GleamerLTD, IBM Corp. (IBM Watson), MARS BioimagingLtd., Nuance Communications, Inc.,, SigTupleTechnologies Private Limited, VIDA Diagnostics, Inc., and Zebra Medical Vision, Inc. amongst others

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In terms of revenue, global artificial intelligence radiology market is expected to reach US$ 3,506.55 + million by 2030 owing to advancement in algorithms for better image recognition, characterization and monitoring of disease. Computed Tomography Solution held the largest market share in 2020 and is expected to grow at a CAGR of +17.4% over the forecast period of 2021-2030 because of the integration of artificial intelligence with CT scan for faster processing and disease detection. North America region is expected to witness the highest CAGR over the forecast period owing to technological innovation along with improving infrastructure facilities for computed tomography (CT), magnetic resonance imaging (MRI) and positron emission tomography (PET).

Artificial Intelligence Radiology Market Segmentation:

By Technique

Computed Tomography (CT)
Magnetic Resonance Imaging (MRI)
Positron Emission Tomography (PET)
By Radiology Type

Chest Imaging
Head CT Scan
Rest of the body
By Application

Computer-aided Diagnosis
Clinical Decision Support
Quantitative Analysis Tools
Computer-aided Detection
By Region

North America
Asia Pacific
Middle East and Africa
Latin America
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Company: Absolute Markets Insights
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Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
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Issued By Kavita Sharma
Country India
Categories Business
Tags artificial intelligence radiology market
Last Updated November 23, 2021