The Business Research Company’s report on the Computer Vision in Healthcare Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the computer vision in healthcare industry?
The adoption of AI-based technologies in healthcare is driving the growth of the computer vision in healthcare market. Artificial intelligence is the ability of a machine to perform the tasks that are normally carried out by humans. A-based technologies in computer vision include natural language processing (NLP), which enables computers the ability to understand text and spoken words in much the same way human beings can. For instance, in July 2022, according to the ACR Data Science Institute, a US-based institute involved in developing a framework for the implementation of machine learning in the radiological professions, approximately 30% of radiologists use AI clinically in current practice to enhance the radiology imaging process. Thus, the adoption of AI-based technologies is driving the adoption of computer vision in the healthcare market growth.
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What is the estimated market size of the computer vision in healthcare sector by 2029, based on current forecasts?
The computer vision in healthcare market size has grown exponentially in recent years. It will grow from $2.18 billion in 2024 to $3.18 billion in 2025 at a compound annual growth rate (CAGR) of 45.9%. The growth in the historic period can be attributed to increased availability of healthcare data, regulatory support, improved processing power, diagnostic accuracy enhancement.
The computer vision in healthcare market size is expected to see exponential growth in the next few years. It will grow to $16.07 billion in 2029 at a compound annual growth rate (CAGR) of 50.0%. The growth in the forecast period can be attributed to predictive analytics in radiology, global health crisis response, human-centric design, point-of-care imaging solutions. Major trends in the forecast period include medical imaging enhancement, disease detection and diagnosis, surgical assistance and robotics, drug discovery and development, interoperability and integration.
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Who are the top players in the computer vision in healthcare market?
Major companies operating in the computer vision in healthcare market include NVIDIA Corporation, International Business Machines Corporation (IBM), Alphabet Inc., Microsoft Corporation, Intel Corporation, Basler AG, AiCure Technologies Inc., iCAD Inc., Xilinx Inc., Arterys Inc., Comofi Medtech Pvt. Ltd., SenseTime Technologies Limited, GE Healthcare Technologies Inc., Koninklijke Philips N. V., Siemens AG, Butterfly Network Inc., Caption Health Inc., CureMetrix Inc., Enlitic Inc., Freenome Holdings Inc., Gauss Surgical Inc., Hologic Inc., IDx Technologies Inc., Imagen Technologies Inc., Kheiron Medical Technologies Ltd., MaxQ AI Ltd., Medopad Ltd., Paige. AI Inc., Proscia Inc., Riverain Technologies LLC, Viz. ai Inc., Zebra Medical Vision Ltd., Aidence B. V., Deep Lens Inc., EnsoData Inc., Fovia Inc., G42 Healthcare LLC, GNS Healthcare Inc., HealthMyne Inc., HeartFlow Inc., Image Analysis Group LLC, Infinitt Healthcare Co. Ltd., Kinetica Inc., Lunit Inc.
What are the major trends in the computer vision in healthcare market?
Major companies operating in computer vision in the healthcare market are increasing their focus on introducing advanced validation software to gain a competitive edge in the market. Validation software is a computer program or application designed to verify and ensure that a particular process, system, or software complies with established standards and regulations. For instance, in March 2023, Landing AI, a US-based computer vision cloud platform, launched the world’s first validation-ready computer vision software for FDA-regulated manufacturers. This software is designed to speed up innovation for life-enhancing drugs and medical devices in the medical device, pharmaceutical, and life sciences industries.
Which geography holds the highest computer vision in healthcare market share?
Europe was the largest region in the computer vision in healthcare market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the computer vision in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How do different segments contribute to the overall expansion of the computer vision in healthcare market?
The computer vision in healthcare market covered in this report is segmented –
1) By Product: Software, Hardware, Network, Memory
2) By Application: Medical Imaging & Diagnostics, Surgeries, Clinical Trials, Patient Management and Research
3) By End Users: Healthcare Providers, Diagnostic Centers
Subsegments:
1) By Software: Imaging Software, Diagnostic Software, Analytical Software
2) By Hardware: Imaging Devices, Processing Units
3) By Network: Cloud Services, Local Area Networks (LAN)
4) By Memory: Storage Solutions, Data Backup Systems
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How is the computer vision in healthcare market defined?
Computer vision in healthcare refers to a branch of artificial intelligence that consists of methods for visual object detection, tracking, classification, depth estimation in images, instance and semantic segmentation, etc. The goal of computer vision (CV) is to simulate how the human brain receives and processes visual information. Computer vision uses algorithms for processing images to make the most accurate diagnosis in less time compared to a physician. The computer system in healthcare helps to transfer the complicated tasks and the time consumed for the tasks to machines, which allows the physician to focus on better patient care.
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