AI in Ultrasound Imaging Market Projected to Grow at 8.9% CAGR, Surpassing USD 2 Billion by 2033
The global AI in ultrasound imaging market is projected to grow significantly, with its market size expected to reach USD 2,261.8 million by 2033, up from USD 964.2 million in 2023, reflecting a CAGR of 8.9% during the forecast period from 2024 to 2033. This growth can be attributed to several factors including technological advancements, rising prevalence of chronic diseases, and an aging population. AI integration enhances diagnostic accuracy and efficiency by automating image analysis and improving workflow, which is crucial for managing the increasing healthcare demands.
Recent developments, such as the FDA’s approval of AI applications for echocardiography, have further propelled market expansion. These advancements allow non-expert users to perform basic ultrasound scans, reducing the burden on specialized radiologists and increasing accessibility to diagnostic services. The implementation of AI in ultrasound also includes innovations in 3D and 4D imaging, enhancing the quality and speed of imaging procedures.
However, challenges such as high procurement costs and concerns over data security and patient privacy may hinder market growth. The “black box” nature of AI algorithms raises issues of transparency and accountability, which could affect adoption rates among healthcare providers. Additionally, the need for interdisciplinary collaboration between AI developers and medical professionals remains critical to ensure the effectiveness and reliability of AI applications in clinical settings.
Overall, the market dynamics of AI in ultrasound imaging are shaped by a combination of technological advancements, regulatory developments, and ongoing challenges related to cost and data privacy.
Key Takeaways
- In 2023, the software segment held an impressive market share of 61.3%, driven by diverse applications.
- The deep learning segment captured a significant market portion due to its extensive applications in radiology.
- Neurology segment emerged as a major leader, thanks to AI-powered tools for treating various neurological disorders.
- Hospitals are increasingly adopting AI tools for early disease diagnosis and detection due to the rising patient population.
- Advancements in ultrasound imaging procedures have significantly expanded the market reach in recent years.
- In 2023, North America led the AI in ultrasound imaging market.
Get Sample PDF Report: https://market.us/report/ai-in-ultrasound-imaging-market/request-sample/
AI In Ultrasound Imaging Market Key Segments
By Solution
- Hardware
- Software
- Services
By Technology
- Machine Learning
- Natural Language Processing
- Context Aware Computing
- Computer Vision
By Applications
- Radiology
- Cardiovascular
- Gastroenterology
- Obstetrics
- Breast screening
- Gynecology
By End User
- Hospitals
- Clinics
Key Regions
- North America (The US, Canada, Mexico)
- Western Europe (Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, Rest of Western Europe)
- Eastern Europe (Russia, Poland, The Czech Republic, Greece, Rest of Eastern Europe)
- APAC (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Rest of APAC)
- Latin America (Brazil, Colombia, Chile, Argentina, Costa Rica, Rest of Latin America)
- Middle East & Africa (Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, Rest of MEA)
Buy Directly: https://market.us/purchase-report/?report_id=116414
Key Players Analysis
Intel Corporation is significantly advancing AI in ultrasound imaging through collaborations with various companies. Notably, Intel has worked with Fujifilm VisualSonics to optimize their AutoLV Analysis software using the Intel Distribution of OpenVINO toolkit. This optimization led to a 41.4x performance improvement, drastically reducing the time required for inference. Intel’s technologies enhance the efficiency and accuracy of ultrasound imaging, enabling real-time analysis and improved workflow for clinical applications.
EchoNous Inc. specializes in handheld ultrasound devices powered by AI. Their products, such as the Kosmos platform, utilize advanced AI algorithms to provide high-resolution imaging and automated clinical measurements. This integration allows for quick, accurate diagnostics, making ultrasound technology more accessible and efficient in various clinical settings. EchoNous’s focus on portability and ease of use aligns with the growing demand for point-of-care solutions in healthcare.
General Vision Inc. applies AI in ultrasound imaging through its neuromorphic computing technology, which mimics the human brain’s neural network. This approach enhances the pattern recognition capabilities of ultrasound systems, leading to faster and more accurate image analysis. General Vision’s technology is particularly useful in detecting subtle abnormalities in medical images, thereby improving diagnostic accuracy and patient outcomes.
Micron Technology Inc. contributes to AI in ultrasound imaging by providing advanced memory and storage solutions. These components are critical for handling the large data sets generated by AI algorithms in real-time ultrasound imaging. Micron’s high-performance memory solutions ensure smooth operation and quick processing of ultrasound images, supporting the development of more sophisticated and efficient AI-powered diagnostic tools.
Samsung has partnered with Intel to enhance its ultrasound imaging solutions using AI. Their collaboration includes the development of the BiometryAssist and LaborAssist tools, which automate fetal measurements and labor progression analysis, respectively. These tools utilize Intel’s OpenVINO toolkit to provide real-time, accurate diagnostics, improving maternal and fetal safety. This partnership exemplifies how AI can streamline clinical workflows and enhance the precision of ultrasound imaging in obstetrics.
AI In Ultrasound Imaging Market Key Players:
- Intel Corporation
- EchoNous Inc.
- General Vision Inc.
- Micron Technology Inc.
- Samsung
- Imagia Cybernetics Inc.
- CloudMedX Inc.
- GENERAL ELECTRIC COMPANY
- Microsoft
- Butterfly Network Inc.
AI In Ultrasound Imaging Market Report Scope >> Market Value (2023): USD 964.2 Million || Forecast Revenue (2033): USD 2,261.8 Million || CAGR (2024-2033): 8.9% || Base Year Estimation: 2023 || Historic Period: 2019-2022 || Forecast Period: 2024-2033.
Inquire More about report: https://market.us/report/ai-in-ultrasound-imaging-market/#inquiry
About Market.US
Market.US is renowned for its comprehensive market research and analysis, providing customized and syndicated reports to a global clientele. Specializing in a variety of sectors, they offer strategic insights and detailed market forecasts, assisting businesses in making informed decisions. With a focus on innovation and accuracy, Market.US supports clients in over 126 countries, and maintains a strong repeat customer rate, underscoring their commitment to quality and client satisfaction. Their team excels in delivering exceptional research services, ensuring that no detail is overlooked in any target market.
Contact Details
Market.us (Powered By Prudour Pvt. Ltd.)
Contact No: +1 718 618 4351.
Email: inquiry@market.us
Blog: https://medicalmarketreport.com/
View More Trending Reports
Cardiovascular Biomaterial Market Expand Significantly, Reaching USD 26.4 Billion by 2033
Clear Aligners Market Estimated To Reach USD 6.1 Bn By 2033, with round about 29.3% CAGR
Patient Engagement Solutions Market Will Grow Nearly USD 113.4 Bn at a rate of 18.6% by 2033
Editor Details
-
Company:
- Wired Release
- Website:
