Artificial Intelligence in Ultrasound Imaging Market - Key Players, Size, Trends, Growth Opportunities, Analysis and For

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Data Bridge Market Research analyses that the global artificial intelligence in ultrasound imaging market which was USD 818.20 million in 2022, is expected to reach USD 1,686.18 million by 2030, and is expected to undergo a CAGR of 8.60% during the forecast period 2023-2030

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Ultrasound imaging is measured as one of the best, safest and cheapest medical diagnostics technique. AI powered solutions have enhanced the effectiveness and diagnostic accurateness. AI technologies are making the imaging devices smarter and are also helping the clinicians to focus more on the patient and to examine the problem acutely. The rising use of imaging biomarkers and quantitative imaging in clinical practice is amongst the important factors intensifying the growth and demand of global artificial intelligence in ultrasound imaging market.

Data Bridge Market Research analyses that the global artificial intelligence in ultrasound imaging market which was USD 818.20 million in 2022, is expected to reach USD 1,686.18 million by 2030, and is expected to undergo a CAGR of 8.60% during the forecast period 2023-2030. “Machine learning” dominates the technology segment of the global artificial intelligence in ultrasound imaging market owing to the rising popularity. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

Artificial intelligence (AI) in ultrasound imaging refers to the integration of advanced computer algorithms and machine learning techniques into the field of medical ultrasound. AI systems are designed to analyze ultrasound images with remarkable precision and speed. They can automatically detect and highlight anomalies, measure structures, and provide diagnostic insights, assisting healthcare professionals in making more accurate and efficient diagnoses. AI algorithms learn from vast datasets of ultrasound images, continually improving their diagnostic capabilities. This technology holds the potential to enhance healthcare by enabling earlier detection of diseases, improving patient outcomes, and streamlining the diagnostic process.

Drivers

  • Advancements in AI Technology

Continuous progress in AI technology, particularly in deep learning and computer vision, has resulted in more sophisticated algorithms capable of handling complex medical imaging data. These algorithms can automatically detect patterns, anomalies, and features in ultrasound images, aiding radiologists and clinicians in their diagnoses. Moreover, AI can adapt and improve over time through machine learning, enhancing its diagnostic capabilities as it learns from a vast amount of medical data.

  • Growing Medical Imaging Needs

The increasing need for medical imaging, including ultrasound, is propelled by demographic shifts such as an aging population and rising healthcare demands. This surge in patient volume places strain on healthcare systems, necessitating solutions to provide timely and accurate diagnostics. AI can alleviate this burden by automating image analysis, allowing healthcare providers to efficiently manage the higher caseload while maintaining diagnostic precision. This makes AI a valuable tool for addressing the growing demand for medical imaging services.

Opportunities

  • Improved Diagnostic Accuracy

AI's role in ultrasound imaging lies in its ability to identify nuanced abnormalities and patterns within images. This can be especially crucial in cases where human interpretation might be prone to error or oversight. AI can assist radiologists by highlighting potential issues, resulting in more accurate and early diagnoses. This not only boosts patient outcomes but also reduces the likelihood of misdiagnoses.

  • Enhanced Screening and Monitoring

AI-driven ultrasound systems enable efficient and continuous patient screening and monitoring. In fields like obstetrics, this means more frequent and comprehensive assessments, leading to early detection of complications and better maternal-fetal care. In chronic disease management, continuous monitoring through AI helps healthcare providers track disease progression in real-time, allowing for timely interventions and more effective treatment strategies.

Recent Development

  • In July 2020, Zebra Medical Vision entered into a strategic collaboration with TELUS Ventures. This strategy aimed at increasing the presence of Zebra Medical’s presence across North America to launch its AI solutions to the healthcare providers

Global Artificial Intelligence in Ultrasound Imaging Market Scope

The global artificial intelligence in ultrasound imaging market is segmented on the basis of solution, technology, ultrasound technology, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Solution

  • Devices
  • Software Tools or Platforms
  • Services

Technology

  • Machine Learning
  • Natural Language Processing
  • Context- Aware Computing
  • Computer Vision

Ultrasound Technology

Application

  • Radiology
  • Obstetrics and Gynecology
  • Cardiovascular
  • Gastroenterology

End Users

  • Hospitals and Providers
  • Patients
  • Pharmaceutical and Biotechnology Companies
  • Healthcare Payers

Some of the major players operating in the global artificial intelligence in ultrasound imaging market are:

  • NVIDIA Corporation (U.S.)
  • Intel Corporation (U.S.)
  • IBM (U.S.)
  • EchoNous, Inc. (U.S.)
  • Microsoft (U.S.)
  • General Vision Inc. (U.S.)
  • GENERAL ELECTRIC COMPANY (U.S.)
  • Johnson & Johnson Services, Inc. (U.S.)
  • Siemens Healthcare Private Limited (U.S.)
  • Medtronic (U.S.)
  • CloudMedx Inc. (U.S.)
  • Agfa-Gevaert Group (Belgium)
  • Butterfly Network, Inc. (U.S.)
  • Imagia Cybernetics Inc. (Canada)
  • Enlitic, Inc. (U.S.)
  • Micron Technology, Inc. (U.S.)
  • SAMSUNG (South Korea)

Key Insights Of Artificial Intelligence In Ultrasound Imaging Market Report

  • The report comprises a detailed analysis of different segments and offers market valuations between 2023 to 2030.
  • This study presents the analytical depiction of the Artificial Intelligence In Ultrasound Imaging Market with the current trends and future estimations to determine the imminent investment pockets
  • The report also reveals information with respect to key drivers, restraints, and opportunities coupled with a comprehensive analysis of the global Artificial Intelligence In Ultrasound Imaging Market.
  • The forecast period of the market is assessed from 2024 to 2030 to highlight the Artificial Intelligence In Ultrasound Imaging Market growth scenario.
  • Porter’s five forces analysis establishes the effectiveness of the buyers and suppliers in the business line.
  • The key players in the industry are profiled to gain an understanding of the strategies adopted by them.
  • This report provides the current trends and future estimations during the forecast period, which in turn aids in identify the prevailing market opportunities.

The company portfolio includes company synopsis, operating business sectors, business overview, product/service categories, and recent growth strategies adopted by them.

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