AI in Medical Imaging Market: Introduction
According to a new market report pertaining to the global AI in medical imaging market published by Transparency Market Research the global AI in medical imaging market is anticipated to reach ~US$ 7.4 Bn by 2027. The market is projected to expand at a CAGR of ~45% from 2019 to 2027 in terms of revenue. According to the report, North America was the largest contributor in terms of revenue to the AI in medical imaging market in 2018.
Increasing Imaging Volumes Driving AI in Medical Imaging Market
From speech recognition and driver assistance systems in cars to smart chat-bots for helpdesks, artificial intelligence is making its way into countless routine applications. Notably, impressive results have been achieved when AI is used to correctly classify images. Radiologists are engaging in generating a huge volume of images, making it increasingly challenging to meet productivity while maintaining diagnostic accuracy. In medical imaging, the expectation of obtaining accurate diagnosis from detailed anatomical and functional images encourages radiologists to use AI in medical imaging. This helps in better analysis of the study. In addition, use of AI in image analysis helps to accelerate interpretation, improve accuracy, and reduce repetition for radiologists and other specialties.
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