Artificial intelligence (AI) is one of the most incredible advanced technologies that use computerized algorithms to analyze complex data. AI-enabled Imaging Modality is an approach to achieve an accurate and correct diagnosis of patients to provide them with better and personalized treatment. It further helps identify imaging abnormalities and enhance tissue-based detection & characterization.
According to the MarkNtel Advisors’ research report, “Global Artificial Intelligence (AI) Enabled Imaging Modalities Market Analysis, 2021,” the market is likely to grow at a CAGR of around 31% during 2021-26 due to the rising workload of radiologists and surging complexities in clinical decision making. These challenges increase physicians’ inclination toward adopting advanced technologies, including Artificial Intelligence, for better diagnosis and treatment. Further, rising security & privacy concerns regarding healthcare data also fuel the growth of the AI-enabled Imaging Modalities Market.
Impact of COVID-19
The outbreak of the global COVID-19 pandemic has brought out a revolution in the Global AI-Enabled Imaging Modalities Market. Due to the pandemic, the AI-Enabled Imaging Modalities Market has witnessed a positive impact due to the rising awareness and surging adoption of digital healthcare solutions. Additionally, AI is highly beneficial for gaining insights & proper diagnosis that can help find a solution to fight disease transmission at early stages. Hence, this incredibly advanced technology is likely to be extensively used for fighting the COVID-19 pandemic.
Software Segment Accounted for the Largest Market Share
Based on the component, the market segments into Software, Hardware, and Services. Of these, the Software segment acquired the largest share in the Global AI-Enabled Imaging Modalities Market in the previous few years due to the innovation of AI-based software for diagnosis in the healthcare sector. Further, the rising demand for advanced technologies, such as AI-powered and cloud-based solutions, has also accelerated the need to have AI-Enabled Imaging Modalities that can help increase diagnostic precision.
Besides, the launch of advanced AI software for imaging purposes results in the successful diagnosis of diseases. Hence, it shall drive the Global AI-Enabled Imaging Modalities Market Growth, reveals MarkNtel Advisors in their research report, “Global Artificial Intelligence (AI) Enabled Imaging Modalities Market Analysis, 2021.”
Neurology Segment Attained the Highest Market Share
Based on Therapeutic Application, the market segments into Cardiology, Oncology, Neurology, and Pulmonology. Of these segments, Neurology dominated the Global AI-Enabled Imaging Modalities Market in the past few years due to the highest number of regulatory approvals. Further, AI-enabled imaging modalities are beneficial for the early diagnosis of various kinds of neurological disorders, such as ischemic brain stroke, epilepsy, and Alzheimer’s disease, which would further help in providing better & personalized treatment.
North America Dominated the Market
Geographically, North America held the largest share in the Global AI-Enabled Imaging Modalities Market in the previous few years due to the rising adoption of IT solutions in the healthcare sector, especially for medical diagnosis. Moreover, the United States holds the largest market for AI-enabled Imaging Modalities in North America due to the abundant availability of advanced medical software and market players across the region. Besides, the availability of leading industry players and the rapid development of AI-based diagnosis software across the region shall also fuel the market growth in the forecast period.
Surging Number of Cross-Industry Partnerships Boost the Market Growth
The rising awareness of benefits entwined with extensive AI-based applications has propelled AI-enabled Imaging Modalities in the healthcare market. Several leading companies in the market are venturing into partnerships and collaborations with AI providers to develop innovative AI-based solutions. These strategies help market players build up their position in the market and offer cutting-edge solutions to their customers.
According to MarkNtel Advisors, the major leading players in the global Artificial Intelligence (AI) Enabled Imaging Modalities market are Arterys, Voxel cloud, Butterfly network, Infervision,
Gauss Surgical, Owkin, Zebra Medical Vision, Curemetrix, Cellmatiq, MedyMatch, BrainerMiner, and Lunit.
Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Next-Generation Ultrasound System Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Next-Generation Ultrasound System Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Next-Generation Ultrasound System Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Next-Generation Ultrasound System Market study?
Market Outlook, Segmentation and Statistics
1) Impact of COVID-19 on Global Artificial Intelligence (AI) Enabled Imaging Modalities Market
2) Market Size & Analysis
3) By Revenue
4) Market Share & Analysis
5) By Component
a) By Software Type
b) AI Software Algorithms
c) Real Time Medical Imaging
d) Image Analysis
e) Predictive Analysis Solution
f) Intelligent Algorithms For Image Analysis
g) Data Mining Techniques
h) By Hardware
i) By Processor
j) By Network
k) By Memory
l) By Services
n) Support & Maintenance
6) By Therapeutic Application
c) Breast Cancer
d) Lung Cancer
e) Other cancer types
7) By Modality
a) Computed Tomography (CT)
b) Magnetic Resonance (MR)
e) Positron Emission Tomography (PET)
f) Other Modalities
8) By Region
a) North America
b) South America
d) Middle East & Africa
f) By Competitors
g) Competition Characteristics
h) Market Share & Analysis
i) Competitive Matrix
9) Global Artificial Intelligence (AI) Enabled Imaging Modalities Market Hotspots & Opportunities
10) Global Artificial Intelligence (AI) Enabled Imaging Modalities Market Regulations & Policy
11) Key Strategic Imperatives for Success and Growth
12) Global Competition Outlook
13) Competition Matrix
14) Company Profile