Overview
The global AI medical imaging market is expected to grow with a substantial CAGR of 22.4%, from USD 1.65 billion in 2024 to USD 4.54 billion by 2029. The factors driving the market growth include increasing government initiatives on AI-based technologies, higher funding for AI startups, a massive inflow of big data, and growing cross-industry collaborations. The market offers significant opportunities, particularly in untapped emerging markets such as Latin America, Southeast Asia, and Africa, where expanding healthcare infrastructure creates demand for cost-effective, AI-powered diagnostic solutions. Furthermore, a focus on developing human-aware AI systems that align with clinician decision-making and provide interpretable, patient-centered insights is immense to foster trust and adoption in medical settings. AI’s capability to enhance early detection, automate imaging workflows, and integrate with advanced imaging modalities positions it as a transformative force in improving diagnostic accuracy and healthcare outcomes globally. North America
Factors such as the shortage of radiologists, the increasing prevalence of chronic diseases, ongoing research into AI-based imaging tools, and substantial funding for R&D in AI-driven diagnostic solutions are key drivers of the regional market.
The rising demand for AI tools, an increased focus on reducing the workload of radiologists, an influx of large and complex datasets, funding for AI-based startups, and cross-industry collaborations propel market expansion worldwide.
Emerging markets and increasing efforts to develop human-aware AI systems present significant growth opportunities, particularly in the Asia Pacific and Latin American markets.
The European AI in medical imaging market is projected to reach USD 1.54 billion by 2029, growing at an impressive CAGR of 21.2% during the forecast period, due to advancements in AI integration.
Reluctance to adopt AI technologies, budgetary constraints, unstructured healthcare data, data privacy concerns, and limited interoperability pose challenges to market growth. Global AI in Medical Imaging Market Dynamics
DRIVER: Increasing Growing demand for AI-based solutions to reduce work pressure on radiologists
The medical imaging industry has rapidly embraced AI technologies due to their transformative potential, revolutionizing imaging processes and improving clinical outcomes. AI automates routine tasks and enables radiologists to focus more on improved patient care. The rising shortage of radiologists drives the increasing […]
Attractive Opportunities in the AI in Medical Imaging Market
