Global AI-Enabled X-Ray Imaging Solutions Market Size Forecast 2024 - 2033
19 Dec, 2024
What Is The Scope Of The Global AI-Enabled X-Ray Imaging Solutions Market?
AI-enabled X-ray imaging solutions refer to the integration of artificial intelligence (AI) technology with X-ray imaging systems to enhance the acquisition, interpretation, and analysis of X-ray images in medical imaging practice. These solutions leverage advanced algorithms to analyze X-ray images quickly and accurately, aiding in the detection, classification, and interpretation of abnormalities or objects of interest.
AI-Enabled X-Ray Imaging Solutions Global Market Report 2024 provides data on the global ai-enabled x-ray imaging solutions market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The AI-Enabled X-Ray Imaging Solutions market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global AI-Enabled X-Ray Imaging Solutions Market Expected To Grow In Size And Annual Rates?
The AI-enabled X-ray imaging solutions market size has grown rapidly in recent years. It will grow from $1.92 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to regulatory approvals, a rise in healthcare costs, increased demand for diagnostic accuracy, an increased shortage of radiologists, and an aging population. The AI-enabled X-ray imaging solutions market size is expected to see rapid growth in the next few years. It will grow to $3.54 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to integration with electronic health records, adoption of value-based care models, expanding applications in telemedicine, the emergence of AI-enabled triage systems, and demand for personalized medicine. Major trends in the forecast period include continued growth in AI-enabled diagnostic accuracy and efficiency, integration of AI with other imaging modalities beyond X-ray, development of AI-driven predictive analytics, and focus on regulatory standards and ethical considerations in AI implementation.
What Main Forces Are Fueling Expansion In The AI-Enabled X-Ray Imaging Solutions Market?
The growing demand for personalized medicine is expected to propel the growth of the AI-enabled X-ray imaging solutions market. Personalized medicines, also known as precision medicine, are a category of medical treatments and therapies that are tailored to the specific characteristics of individual patients. The demand for personalized medicine increases because of advancements in genomic research, increased understanding of disease heterogeneity, and technological innovations. Personalized medicine enhances the role of AI-enabled X-ray imaging solutions by customizing healthcare interventions, treatment strategies, and imaging protocols to the individual characteristics and needs of each patient. For instance, in October 2022, according to the Personalized Medicine Coalition (PMC), a US-based organization that promotes the understanding and adoption of personalized medicine, there were more than 75,000 genetic testing products and 300 personalized medicines. Further, in 2023, the FDA (the United States Food and Drug Administration), a US-based federal agency, approved new drugs, of which 38% were personalized medicines. Therefore, the growing demand for personalized medicine is driving the growth of the AI-enabled X-ray imaging solutions market.
Get Your Free Sample of the Global AI-Enabled X-Ray Imaging Solutions Market ReportWhat Are The Primary Segments In The Global AI-Enabled X-Ray Imaging Solutions Market?
The AI-enabled X-ray imaging solutions market covered in this report is segmented –
1) By Product: Software, Hardware
2) By Mode Of Deployment: Cloud-Based And Web-Based, On-Premises
3) By Workflow: Detection, Image Acquisition, Image Analysis, Diagnosis And Treatment Decision Support, Triage, Predictive Analysis and Risk Assessment, Reporting And Communication
4) By Application: General Radiology, Specialty Radiology
Which Key Trends Are Driving Changes In The AI-Enabled X-Ray Imaging Solutions Market?
Major companies in the AI-enabled X-ray imaging solutions market are developing advanced technologies such as fixed AI-enabled X-ray systems to enhance efficiency in in-room workflows, reduce strain during patient positioning, and ensure high image quality. AI-enabled X-ray systems integrate artificial intelligence technology to improve the analysis and utilization of X-ray images for medical diagnosis and treatment planning. For example, in August 2022, GE HealthCare Technologies Inc., a US-based medical technology company, launched the Definium 656 HD, a new fixed AI-enabled X-ray system. This system features advanced AI-driven image processing to streamline radiology workflows and reduce patient positioning time. The Definium 656 HD includes features such as 3-dimensional camera technology via the Intelligent Workflow Suite for consistent image quality and reduced need for repeat X-rays, and a 12-inch touchscreen on the tube head console for automated workflow adjustments. The market size for these advanced systems is projected to reach $2023 billion in 2023, $2024 billion in 2024, and $2028 billion by 2028.
What Is The Leading Region In The AI-Enabled X-Ray Imaging Solutions Market?
North America was the largest region in the AI-enabled X-ray imaging solutions market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the aAI-enabled X-ray imaging solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.