PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1474721
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1474721
The global Computer vision in healthcare market is projected to reach USD 11.5 billion by 2029 from USD 3.9 billion in 2024, at a high CAGR of 24.0% during the forecast period. The market's growth is boosted by an increasing emphasis on diagnosing disease using computer vision algorithm by analyzing medical images (X-rays, MRIs), image analysis, telemedicine. Nevertheless, refrains such as a data privacy and security, accuracy of computer vision algorithms, regulatory clearance to somewhat impede the market's growth.
Scope of the Report | |
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Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD) Billion |
Segments | Product & Service, Type, Applications, End User |
Regions covered | North America, Europe, Asia Pacific, Latin America and Middle East and Africa |
"The segment of software demonstrated largest market share in the computer vision in healthcare market, by product & service."
Regarding products and services, the software segment witnessed largest market share in the computer vision in healthcare market in 2023. This growth primarily stems from advancements in solutions and related software development kits, as well as the introduction of AI-based computer vision solutions for health assistance and medication management. These launches are driving the expansion of the solutions market.
"The largest segment in the computer vision in healthcare market by the end user was healthcare providers in the year 2023."
In 2023, the healthcare providers segment is expected to account for largest market share within the computer vision healthcare market. This surge is fueled by heightened adoption of computer vision solutions in hospitals, coupled with a growing emphasis on innovation, expanded budgets, and a heightened demand for advanced technologies to facilitate quicker and more efficient diagnoses.
"Asia Pacific region is expected to experience the most substantial growth rate throughout the 2024-2029."
The Asia Pacific region is experiencing the highest growth rate in the computer vision in healthcare market due to several factors such as the region's large and rapidly aging population creates a significant demand for advanced healthcare solutions, including those powered by computer vision technology, increasing investments in healthcare infrastructure and technology adoption, particularly in emerging economies like China and India, are driving market growth. Additionally, supportive government initiatives and rising healthcare spending are fostering the development and deployment of innovative computer vision solutions across various healthcare settings.
Key Players in the Computer Vision in Healthcare Market
The key players functioning in the Computer vision in healthcare market include NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US), Basler AG (Germany), AiCure (US), iCAD, Inc. (US), Thermo Fisher Scientific Inc. (US), SenseTime (China), KEYENCE CORPORATION (Japan), Assert AI (India), Artisight (US), LookDeep Inc. (US), care.ai (US), CareView Communications (US), VirtuSense (US), Teton (Denmark), viso.ai (Switzerland), NANO-X IMAGING LTD. (Israel), Comofi Medtech Pvt. Ltd. (India), Avidtechvision (India), Roboflow, Inc. (US), Optotune (US) and CureMetrix, Inc. (US).
The report analyses the computer vision in healthcare market. It aims to estimate the market size and future growth potential of various market segments based on product & service, type, application, end-user, and region. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
This report will enrich established firms and new entrants/smaller firms to gauge the market's pulse, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.