Adoption of Artificial Intelligence Technologies in Healthcare to Surge Global Computer Vision in Healthcare Market Set to Skyrocket, Reaching US$ 56.1 Billion by 2034 | FMI

Monday, February 12, 2024 at 2:30pm UTC

NEWARK, Del, Feb. 12, 2024 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the global computer vision in healthcare market is expected to grow from US$ 2.5 billion in 2024 to US$ 56.1 billion by 2034. By 2034, the market is projected to surge at 36.7% CAGR.

Government measures to encourage the adoption of big data and Al-based technologies in healthcare are expected to fuel the market expansion. Al-powered radiology represents a significant opportunity in computer vision healthcare. It integrates artificial intelligence algorithms with CT, MRI, ultrasound, and X-ray imaging technologies.

Request A Sample Copy of This Report:

The increasing use of computer vision precision medicine and demand for computer vision systems in the healthcare sector is projected to drive the market. Several mergers & acquisitions and advancements in this industry are also expected to propel market expansion.

Initiatives from the government are crucial in encouraging the use and growth of computer vision in the medical field. Funding, legislative assistance, and partnerships are employed in the market to promote the study, creation, and application of computer vision technology in the medical field.

  • In the United Kingdom, the National Health Service (NHS) created the ‘Al in Health and Care Award’ to promote creativity in applying computer vision and other forms of artificial intelligence to improve patient care.

Key Takeaways from the Computer Vision in Healthcare Market Report:

  • Computer vision in the healthcare market is expected to reach a valuation of US$ 56.1 billion by 2034.
  • The market is projected to surge at a CAGR of 36.7% by 2034.
  • China's computer vision in healthcare market is expected to grow at a CAGR of 36.9% by 2034.
  • The United States is projected to reach a valuation of US$ 9.9 billion in 2034.
  • Based on components, the hardware segment is expected to surge at a CAGR of 36.5% by 2034.

"Artificial intelligence (AI) algorithms combined with computer vision have greatly improved medical imaging and diagnostics. AI-powered technologies provide highly accurate analysis of medical pictures, assisting medical personnel in identifying and diagnosing a wide range of illnesses. Further, the use of computer vision technologies in medical imaging raises the accuracy of diagnosis." – opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights:

Competitive Landscape:

Leading companies have increased their market share primarily through product launches and developments, which are followed by expansions, mergers & acquisitions, contracts, agreements, partnerships, and collaborations. Key companies are employing several strategies to improve market penetration and strengthen their position in the cutthroat sector.

For instance,

  • In May 2023, Landing AI unveiled its LandingLens platform's validation-ready iteration.
  • In 2023, NVIDIA announced the launch of the Next-Generation GH200 Grace Hopper Superchip Platform for the accelerated generative AI era and computing.

Key Companies Profiled:

  • NVIDIA Corporation
  • Microsoft
  • Intel Corporation
  • IBM Corporation
  • Google LLC
  • Basler AG
  • Arterys Inc.
  • AiCure
  • iCAD, Inc.
  • SenseTime

Access the Complete Report Methodology Now!

Computer Vision in Healthcare Market Segmentation by Category:

By Component:

  • Hardware
  • Software
  • Services

By Product Type:

  • Smart Camera-based Computer Vision Systems
  • PC-based Computer Vision Systems

By Application:

  • Medical Imaging & Diagnostics
  • Surgeries
  • Patient Management & Research
  • Others

By End-user:

  • Healthcare Providers
  • Diagnostic Centers
  • Academic Research Institutes
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

Explore FMI’s related ongoing Coverage in the Healthcare Market Insights Domain:

Vision Care Market Size: The vision care market is expected to expand at a decent CAGR of 7.2% during the forecast period. The valuation of the vision care market as of 2023 is US$ 89,596 million, and the market is projected to be valued at US$ 1,78,930.9 million by 2033.

Vision Screeners Market Share: The global Vision Screeners Market is expected to grow at a CAGR of 5.9% during the forecast period 2022-2029. Increasing prevalence of eye diseases is the major factor accelerating the growth in the market.

Veterinary Telemedicine Market Demand: The veterinary telemedicine market is estimated to reach a valuation of US$ 145 million in 2024. It is projected to reach a value of US$ 746 million by 2034, reflecting a CAGR of 17.8% over the assessment period

Heart Pump Device Market Trends: The global heart pump device market is expected to rise from US$ 4.0 billion in 2024 to US$ 25.4 billion by 2034. By 2034, the market is projected to surge at 20.4% CAGR.

CRISPR Market Outlook: The CRISPR market had an estimated market share worth US$ 3.4 billion in 2023, and it is predicted to reach a global market valuation of US$ 17.8 billion by 2034, growing at a CAGR of 16.1% from 2024 to 2034.

Biomedical Refrigerator and Freezer Market Overview: The global biomedical refrigerator and freezer market is anticipated to be worth US$ 6,053.8 million by 2034. According to the estimates, the market is projected to clock a 5.60% CAGR until 2034. In 2024, the biomedical refrigerator and freezer market size is valued at US$ 3,510.65 million.

Ophthalmic Surgical Market Growth: The global ophthalmic surgical market is expected to grow at a CAGR of 5.7% from 2024 to 2034. The market value is projected to increase from US$ 13,937.8 million in 2024 to US$ 24,194.2 million by 2034.

Ultrasound Market Development: The ultrasound market is set to be valued at US$ 11.70 billion in 2024 and is projected to reach US$ 20.40 billion by 2034, exhibiting a modest CAGR of 5.80% over the forecast period.

Synthetic Biology Market Opportunity: The synthetic biology market is expected to rise from US$ 3.75 billion in 2024 to US$ 31.73 billion by 2034, growing at a lucrative 23.8% CAGR over the forecast period.

Cardiology Information System Market Forecast: The cardiology information system market is estimated to be valued at US$ 1.3 billion in 2024. The cardiology information system is predicted to rise at a CAGR of 9.7% from 2024 to 2034. The global cardiology information system market is anticipated to reach US$ 3.7 billion by 2034.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries:
LinkedInTwitterBlogs | YouTube

Primary Logo