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Title Artificial Intelligence (AI) in Medical Imaging Market to Hit USD 4.54 Billion by 2029
URL https://www.marketsandmarketsblog.com/artificial-intelligence-ai-in-medical-imaging-market-to-hit-usd-4-54-billion-by-2029.html
Category Fitness Health --> Health Articles
Meta Keywords Artificial Intelligence (AI) in Medical Imaging Market
Meta Description Artificial Intelligence (AI) in Medical Imaging Market by Component(Hardware, Software, Service), Modality (MRI, CT, X-Ray), Application (Radiology, Cardio, Cancer- Lung, Breast, Prostate), End User(Hospital, Imaging Center) - Global Forecast to 2029
Owner Healthcare101
Description
The global AI medical imaging market, valued at US$ 1.29 billion in 2023, is forecasted to grow at a robust CAGR of 22.4%, reaching US$ 1.65 billion in 2024 and an impressive US$ 4.54 billion by 2029. The factors driving the market growth include increasing government initiatives on AI-based technologies, higher funding for AI startups, a massive inflow of big data, and growing cross-industry collaborations. The market offers significant opportunities, particularly in untapped emerging markets such as Latin America, Southeast Asia, and Africa, where expanding healthcare infrastructure creates demand for cost-effective, AI-powered diagnostic solutions. Furthermore, a focus on developing human-aware AI systems that align with clinician decision-making and provide interpretable, patient-centered insights is immense to foster trust and adoption in medical settings. AI’s capability to enhance early detection, automate imaging workflows, and integrate with advanced imaging modalities positions it as a transformative force in improving diagnostic accuracy and healthcare outcomes globally.