AI IN MEDICAL IMAGING MARKET: OVERVIEW
As per Roots Analysis, the global AI in medical imaging market valued at USD 1.75 billion in the current year is expected to grow at a lucrative CAGR of 30% during the forecast period.
The market sizing and opportunity analysis has been segmented across the following parameters:
Application Area
- Lung Infections / Respiratory Disorders
- Brain Injuries / Disorders
- Lung Cancer
- Cardiac Conditions / Cardiovascular Disorders
- Bone Deformities / Orthopedic Disorders
- Breast Cancer
- Others Application Areas
Type of Image Processed
Key Geographical Regions
- North America
- Europe
- Asia-Pacific and Rest of the World
GLOBAL AI IN MEDICAL IMAGING MARKET: GROWTH AND TRENDS
In recent years, large volumes of medical images have created the need for versatile, self-improving algorithms and advanced parallelization techniques. AI in medical imaging technology is a complex machine learning algorithm that uses a neural network of interconnected nodes / neurons in a multi-layered structure, thereby enabling the interpretation of large volumes of unstructured data to generate valuable insights. As a result, this technology is gradually being incorporated into a variety of applications across the healthcare sector, including diagnostic imaging and data processing. Moreover, experts believe that by leveraging the superior pattern recognition ability of AI in medical imaging-based image processing solutions, radiologists can make better informed decisions.

Over time, several industry stakeholders have developed proprietary AI in medical imaging algorithms specifically for medical image analysis. Currently, numerous innovators assert that their technologies can train computers to interpret and analyze medical images, identifying both temporal and spatial patterns. Further, it is worth highlighting that many experts in the artificial intelligence driven diagnostics industry believe that AI in medical imaging can significantly accelerate the processing and interpretation of radiological data. In fact, some studies report approximately a 20% improvement in diagnostic speed and a reduction of false positive rates by about 10% in the resulting outputs.
GLOBAL AI IN MEDICAL IMAGING MARKET: KEY INSIGHTS
The report delves into the current state of global AI in medical imaging market and identifies potential growth opportunities within the industry. Some key findings from the report include:
- Presently, close to 200 AI in medical imaging-based solutions have been / are being developed by several companies in order to support radiologists in making accurate diagnosis decisions in a time efficient manner.
- Stakeholders have established strong positions in the industry by implementing unique strategies; companies with high valuation / net worth are likely to contribute the most to the overall revenue generation potential.

- Owing to features, such as better image visualization and detailed segmentation of anatomical regions, these solutions can significantly enhance a radiologists' efficiency, demonstrating the potential to save healthcare cost.
- Foreseeing a lucrative future, several public and private investors have made investments worth over USD 2 billion, across 150 instances.
- The growing interest in this field is reflected in the increasing number of partnership instances; majority of the deals inked were focused on the deployment of AI in medical imaging solutions at hospitals and clinics.
- Both established players and new entrants have forged several partnerships in the recent past; these deals have been inked with an aim to increase accessibility of the AI in medical imaging-based solutions.
- The partnership activity in this domain has increased at a lucrative CAGR. In fact, the maximum partnerships were reported in the last three years.
- Majority (72%) of the partnerships were inked for non-oncology segment; most of these deals were related to cerebrovascular disorders, cardiovascular disorders and lung infections.
- Over the years, significant number of patents related to AI in medical imaging and medical image processing have been filed / granted to various organizations.
- Multiple clinical studies were registered for the evaluation of AI in medical imaging-based solutions; companies have revealed positive results related to performance of algorithms in processing various types of medical images.

- The market growth is likely to be driven by the rising need for novel solutions to overcome the existing burden on radiologists; we expect the opportunity to be distributed across various application areas and types of images.
GLOBAL AI IN MEDICAL IMAGING MARKET: KEY SEGMENTS
Brain Injuries / Disorders Segment Occupy the Largest Share of the Global AI in Medical Imaging Market
Based on the application area, the market is segmented into lung infections / respiratory disorders, brain injuries / disorders, lung cancer, cardiac conditions / cardiovascular disorders, bone deformities / orthopedic disorders, breast cancer and other application areas. At present, brain injuries / disorders segment hold the maximum share of the global AI in medical imaging market. This trend is likely to remain the same in the forthcoming years.
North America Accounts for the Largest Share of the Market
Based on key geographical regions, the market is segmented into North America, Europe, and Asia-Pacific and Rest of the World. The majority share is expected to be captured by players based in North America and Europe.
Example Players in the Global AI in Medical Imaging Market
- Artelus
- Arterys
- Butterfly Network
- ContextVision
- Enlitic
- Echonous
- GE Healthcare
- InferVision
- VUNO
PRIMARY RESEARCH OVERVIEW
The opinions and insights presented in this study were influenced by discussions conducted with multiple stakeholders. The research report features detailed transcripts of interviews conducted with the following industry stakeholders:
- Chief Executive Officer, Company A
- Head of Strategy and Marketing, and Senior Director of Product, Company B
- Chief Technical Officer and Chief Operating Officer, Company C
- Founder and Chief Executive Officer, Company D
- Research Scientist, Company E
GLOBAL AI IN MEDICAL IMAGING MARKET: RESEARCH COVERAGE
- Market Sizing and Opportunity Analysis: The report features an in-depth analysis of the global AI in medical imaging market, focusing on key market segments, including [A] application area, [B] type of image processed and [C] key geographical regions.
- Market Landscape: A comprehensive evaluation of AI based medical imaging solutions for medical image processing, considering various parameters, such as [A] status of development, [B] regulatory approvals, [C] type of offering, [D] type of image processed, [E] application area. Additionally, a comprehensive evaluation of companies developing such solutions, based on parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters and [D] focus area.
- Company Profiles: In-depth profiles of companies engaged in the development of AI in medical imaging-based solutions intended for processing of medical images, focusing on [A] company overviews, [B] solutions portfolio and [C] recent developments and an informed future outlook.
- Partnerships and Collaborations: An insightful analysis of the deals inked by stakeholders in the global AI in medical imaging market, based on several parameters, such as [A] year of partnership, [B] type of partnership, [C] type of partner, [D] therapeutic area, [E] most active players (in terms of the number of partnerships signed) and [F] geographical distribution of partnership activity.
- Funding and Investments: An in-depth analysis of the fundings received by players in AI in the medical imaging market, based on relevant parameters, such as [A] number of funding instances, [B] amount invested, [C] type of funding, [D] most active players, [E] most active investors and [F] geography.
- Company Valuation Analysis: A comprehensive valuation analysis of companies that are engaged in applying AI in medical imaging in solutions intended for processing of medical images.
- Clinical Trial Analysis: An insightful analysis of clinical trials related to AI in medical imaging, based on several parameters, such as [A] trial registration year, [B] trial recruitment status, [C] trial design, [D] target therapeutic area, [E] leading industry and non-industry players, and [F] geographical locations of trials.
- Patent Analysis: An in-depth analysis of patents filed / granted till date in the AI in medical imaging domain, based on various relevant parameters, such as [A] type of patent, [B] publication year, [C] application year, [D] regional applicability, [E] CPC symbols, [F] emerging focus areas, [G] leading patent assignees, and [H] patent benchmarking and valuation.
- Cost Saving Analysis: A comprehensive analysis of cost saving potential associated with the use of AI in medical imaging solutions intended for processing of medical images, examining factors, such as [A] total number of radiologists, [B] annual salary of radiologists, [C] number of scans performed, and [D] increase in efficiency by adoption of AI in medical imaging solutions.
KEY QUESTIONS ANSWERED IN THIS REPORT
- How many companies are currently engaged in this market?
- Which are the leading companies in this market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
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- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
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- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
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