Expected to boost the growth of the global AI-assisted radiology market at a CAGR of 33.18% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published a cooked research report on the “global AI-assisted radiology market”that contains the information from 2023 to 2030.


The AI-assisted radiology market is estimated to register a CAGR of 33.18% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the global AI-assisted radiology market— GE Healthcare (US), FUJIFILM Corporation (Japan), Aidoc (Israel), ClariPi Inc. (South Korea), IBM Corporation (US), Koninklijke Philips N.V. (Netherlands), Siemens (Germany), Medtronic (Ireland), Gleamer (France), and Agfa-Gevaert Group (Belgium).


Market Highlights


The global AI-assisted radiology market is accounted to register a CAGR of 33.18% during the forecast period and is estimated to reach USD 10.02 billion by 2030.


The medical field has been transformed by artificial intelligence. It is a subfield of computer science concerned with intelligent computing. The goal of modern artificial intelligence is to solve practical healthcare issues. Deep learning and other advanced techniques have increased the impact of technology in healthcare, particularly the use of AI in radiology. Radiology is the branch of medicine that uses radiation to create medical imaging, such as X-rays, CT scans, ultrasound images, and MRI images, in order to detect deformities and tumours. AI algorithms can detect complex anomalous patterns in image data and provide patients with an assistive diagnosis.


The market has been driven by several factors, such as Increase in the number of diagnostic procedures performed, growing government initiatives to encourage the use of AI-based technologies, increasing focus on reducing the workload of radiologists, and increasing use of Artificial Intelligence (AI) tools in the medical industry, increased funding for AI-based start-ups by private players. However, delayed regulatory approvals restrain the market's growth. Nonetheless, increased public and private sector investment creates more lucrative growth opportunities for market development.


Explore In-depth Details: AI Assisted Radiology Market Research Report


Segment Analysis


The global AI-assisted radiology market has been segmented based on technique, application, and end user.


On the basis of technique, the market is segmented into x-rays, magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), ultrasound, and others. The computed tomography (CT) segment held the largest market share in 2022.


Based on application, the global AI-assisted radiology market has been segmented into neurology, mammography, cardiovascular, respiratory & pulmonary, orthopedics, and others. The neurology surgery market held the largest market share in 2022.


On the basis of the end user, the market is segmented into Hospitals, Diagnostic Imaging Centers, and Others. The hospitals segment held the largest market share during the forecast period owing to favorable reimbursement regulations and is preferred by patients for the treatment process due to the convenience & a variety of product offerings in one place.


Regional Analysis


The global AI-assisted radiology market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe AI-assisted radiology market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The AI-assisted radiology market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World AI-assisted radiology market comprises of Middle East, Africa, and Latin America.


Factors such as highly superior infrastructure and high per capita income are expected to augment the demand for AI-assisted radiology in North America.


Moreover, factors such as the high number of market competitors in the area, as well as supportive government policies, possibly leading to the growth of the medical robotics industry across the European region.


Additionally, the growing incidence of cancer and rising geriatric population are the major factors driving market growth in the Asia-Pacific region.


Furthermore, the rest of the world included the Middle East, Africa, and Latin America. The region accounted for the lowest market share in the AI-assisted radiology market. This is due to the presence of poorer economies that lack effective healthcare infrastructure, and lower healthcare spending.


Key Findings of the Study



  • The global AI-assisted radiology market is expected to reach USD 10.02 billion by 2030, at a CAGR of 33.18% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market, owing to the growing incidence of cancer and rising geriatric population.

  • Based on application, the neurology surgery segment was attributed to holding the largest market in 2022.

  • GE Healthcare (US), FUJIFILM Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Siemens (Germany), and Medtronic (Ireland) are the key market players.

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