In 2022, the Global AI-powered Computed Tomography Diagnostic Imaging Market was valued at $1.51 billion, and is projected to reach a market size of $9.23 billion by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 25.4%.
Market Overview:
Artificial intelligence has completely revolutionized the medical diagnostic imaging landscape as it offers medical experts improved diagnostic accuracy and efficient treatment planning. The technology has created a new path for disease diagnosis and evaluation of medical images. The integration of AI and IoT has also advanced clinical trial outcomes and next-generation diagnostic methods. The emergence of new AI software and the incorporation of these tools for routine diagnosis will allow for more accuracy and precision. It can aid physicians in the execution of the image-capturing procedure and provide support to diagnose these images for the individualized treatment of every patient. Researchers have integrated AI to automatically identify complicated patterns and provide quantitative evaluations. Moreover, AI is an integral boosting power of processing a large number of medical images and therefore, unveils disease symptoms that may be difficult to be recognized normally. Thus, AI-powered Computed Tomography Diagnostic Imaging market is anticipated to grow during the forecast timeline.
COVID-19 Impact on the global AI-powered Computed Tomography Diagnostic Imaging Market:
The outbreak of the coronavirus has broadly spread all over the world since the latter phase of 2019. Artificial intelligence with the use of deep learning technology has witnessed great success in the medical imaging sector due to its high ability of feature extraction through large data sets. It was applied mainly to identify and differentiate bacterial and viral pneumonia. Attempts have also been made to recognize and diagnose various imaging features of chest CT, resulting in the rise in the popularity of AI-powered Computed Tomography Diagnostic Imaging market amid the pandemic. However, the rising COVID-19 cases across the world and emerging AI technologies it has boosted the demand for AI imaging and telehealth by providing remote access to images and reports. It also highlights the importance of expanding the use of AI and machine learning in imaging security, with the goal of improving.
Market Drivers:
The increasing inclination of doctors and medical experts towards AI is boosting the market growth:
The growing recognition of the advantages offered by AI technologies and their widescale utilization areas has led to the increased adoption of AI in the healthcare and medical sectors as well. Several key operators in the medical imaging market are beginning to collaborate with leading AI technology providers to innovate AI-based solutions for applications in healthcare. Such approaches offer lucrative and advanced solutions to their consumers and establish their dominance in this dynamic market space. The escalating demand for AI-based techniques and advancements is encouraging companies to gain momentum from it in terms of developing more advanced products and technologies. This in return is likely to generate new opportunities for the players in the AI-powered CT diagnostic imaging market.
The surging investments in the healthcare sector are likely to boost the global AI-powered Computed Tomography diagnostic imaging market:
The increasing awareness about the benefits offered by AI technologies, and their widespread applications in the healthcare sector has led to a steep rise in the adoption of AI technologies for medical purposes, thus augmenting the AI-powered Computed Tomography diagnostic imaging market. Several healthcare facilities and hospitals have adopted artificial intelligence as a more desirable and efficient solution for clinical use. Major leading companies in AI in the medical imaging market are hugely investing in AI technologies to make more use of it. Companies and researchers are coming together to create effective AI-based platforms.
Market Restraints:
Lack of awareness in underdeveloped and developing countries is slowing down the market growth:
The market size is restrained in developing nations as well as in some underdeveloped countries as health awareness remains lower. Many people in developing countries are known to neglect their regular health check-ups and have really low knowledge levels about mild pains and the complications associated with them. Also, advanced technologies like AI and ML require experts and a highly skilled workforce to function, and a lack of employees with relevant knowledge domain makes it difficult for all the players to have any profit in the developing regions narrowing down the scope and hindering the growth of the AI-powered computed tomography diagnostic imaging devices market.
AI-POWERED COMPUTED TOMOGRAPHY DIAGNOSTIC MARKET REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2022 - 2030 |
|
Base Year |
2022 |
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Forecast Period |
2023 - 2030 |
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CAGR |
25.4% |
|
Segments Covered |
By Type, Solution, Technology, Application, End User, Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regional Scope |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Key Companies Profiled |
Agfa Healthcare, Ada Health GmbH, Arterys, Bay Labs, Inc.(Caption Health Inc.), Babylon, BenevolentAI, Butterfly Network, Inc., EchoNous, Inc., Enlitic, Inc., Gauss Surgical, GE Healthcare, IBM Corporation, Lunit Inc., Microsoft Corporation, NVIDIA Corporation, Philips Healthcare, OrCam, Qure.ai, Siemens Healthineers AG, Zebra Medical Vision |
This research report on the global AI-powered Computed Tomography Diagnostic Imaging Market has been segmented and sub-segmented based on Type, Solution, Technology, Application, End User, Regions, and Key Companies.
Based on the type, the AI-powered computed tomography diagnostic imaging market has been segmented into 3 segments – Low Slice, Medium Slice, and High Slice.
The high slice, more than 64 slices segment dominates the market accounting for the majority of the revenue share of over 34.8% in 2023. The growing demand for accurate diagnostic imaging solutions is the major factor predicted to drive the segment. It also emits 80% less radiation as compared to mid-end slice technology which has 64 slices. These devices also provide detailed images of obese patients.
Based on the solution, the AI-powered computed tomography diagnostic imaging market has been segmented into 2 segments – Software Tools/Platforms and Services. The Services segment is further sub-segments into 2 parts – Integration and Deployment.
Deep Learning
Computer Vision
Others
Based on the technology, the AI-powered computed tomography diagnostic imaging market has been segmented into 3 segments – Deep Learning, Computer Vision, and Others.
Oncology
Neurology
Cardiovascular
Musculoskeletal
Others
Based on the application, the AI-powered computed tomography diagnostic imaging market has been segmented into 5 segments – Oncology, Neurology, Cardiovascular, Musculoskeletal, and Others.
Based on the end user, the AI-powered Computed Tomography Diagnostic Imaging Market has been segmented into 5 segments – Hospitals, Clinics, Diagnostic Centres, R&D Centres, and Others. The Clinics segment holds the dominance and has the largest revenue share of around 19% of the AI-powered CT diagnostic imaging market in 2023. Clinics are escalating the use of advanced technologies like AI algorithms, machine learning algorithms, and IoT to streamline workflow in these medical setups. AI-powered image analytics can assist clinics to reduce scan time which could lead to less complexity and healthcare providers to operate with improved operational efficiency and cost cuttings.
North America
Europe
Asia-Pacific
South America
Middle-East and Africa
Based on region, the AI-powered Computed Tomography Diagnostic Imaging Market has been segmented into 5 major regions – North America, Europe, Asia-Pacific, South America, Middle-East, and Africa. North America holds the largest market share of over 38.12% in 2023 and is predicted to continue its dominance in the coming years as well. The occupancy of a large number of market key players in the region and the growing number and incidence rate of the diseases are two major driving factors propelling the market growth in the region. Asia Pacific AI-powered CT diagnostic imaging market accounts for over 23% of the business share in 2023 and is likely to grow at a substantial rate over the forecast timeline. The healthcare sector across the region is showcasing a robust technological transformation. Increasing disposable income in economies such as India, China, and Japan are likely to offer lucrative business opportunities for new market entrants in the forthcoming years.
AI-powered Computed Tomography Diagnostic Imaging Market – By Companies.
Agfa Healthcare
Ada Health GmbH
Arterys
Bay Labs, Inc. (Caption Health Inc.)
Babylon
BenevolentAI
Butterfly Network, Inc.
EchoNous, Inc.
Enlitic, Inc.
Gauss Surgical
GE Healthcare
IBM Corporation
Lunit Inc.
Microsoft Corporation
NVIDIA Corporation
Philips Healthcare
OrCam
Qure.ai
Siemens Healthineers AG
Zebra Medical Vision
The AI-powered Computed Tomography Diagnostic Imaging Market is highly fragmented and extremely competitive with key players involved in R&D and constant technological innovation done by the vendors.
Recent Industry Developments:
In June 2021, Perimeter Medical Imaging AI announced the successful technology transfer with Minnetronix Medical for the development of optical coherence tomography (OCT) imaging systems
Global automotive lighting refers to all vehicle lighting systems, from headlamps that illuminate the road to taillights that communicate movements. They guarantee motorists and other road users alike safety, visibility, and style. While taillights frequently use LEDs for improved visibility, headlights are available in a variety of technologies, including LED and laser. Interior illumination, DRLs, and signal lights all have a role to play. This market, which was estimated to be worth $33.64 billion in 2022, is anticipated to rise to $67.39 billion by 2030 because of laws, luxury tastes, safety concerns, and technological developments like OLED taillights and adaptive headlights. Anticipate a future dominated by intelligent, connected, personalized, and sustainable lighting systems that enhance the safety, efficiency, and aesthetic appeal of automobiles.
Car lighting works its magic to provide safety, visibility, and style. Headlights cut through the night, taillights express intent, and interiors shine with comfort. The billion-dollar global business is expected to rise due to consumer demand for high-end experiences, safer roads, and cutting-edge technology. Imagine dynamic messages being painted by taillights, headlights that adjust to the road, and interiors that customize their atmosphere. Driven by technological advancements like linked systems and laser beams, this future is calling. Anticipate even more visually attractive, environmentally friendly, and intelligent lighting to illuminate the way ahead, making cars safer, more efficient, and unquestionably cooler.
In the market for automobile lighting, safety is the driving force behind demand from the public and laws. While automated high beams smoothly react to traffic, adaptive headlights modify their beams so as not to blind other people. With visually striking displays, dynamic taillights convey intentions for braking and turning. Beyond these developments, integrated pedestrian identification and lane departure alerts will soon make roads safer and brighter for everyone.
Luxurious automobile lighting creates a distinct visual identity that goes beyond simple illumination. Personalized interior lighting customizes the driving experience by setting the mood with a range of colours and intensities, while intricate designs and distinctive DRLs modify exteriors. As you approach your automobile at night, welcoming lights lead the way, resulting in an interior that is perfectly lit. Not only is this symphony of light aesthetically pleasing, but it also stands as a tribute to luxury. Upcoming developments like gesture-controlled lighting and holographic displays promise to further enhance the experience.
The worldwide automotive lighting market is undergoing a significant transition towards energy-efficient solutions, as environmental concerns gain prominence. LED technology is leading the way, providing a ray of hope for the environment and drivers alike. LED lights beam brighter and use a lot less energy than conventional halogen lamps. There are some tangible advantages to this. For drivers, this translates to increased fuel economy, which lowers petrol prices and lessens reliance on fossil fuels. Greater air quality and a reduction in the transport sector's contribution to climate change are the results of reduced overall emissions.
Although the global automotive lighting business is booming, there are still unknowns. Difficulties impede growth even as innovation propels it with eye catching features like laser beams and adaptable headlights. These technologies are luxury items due to their high cost and difficult integration, which puts producers' abilities to the test. The worldwide patchwork created by unclear legislation limits the potential of innovation. Durability issues persist, particularly when complex systems are subjected to challenging conditions. Ultimately, a lot of drivers still don't fully understand how these improvements can help them. Together, we can overcome these obstacles. The keys to reducing costs are improved production, more seamless integration, and unified regulations. Their full potential can be realized by educating customers about the safety, efficiency, and aesthetic value of these lighting wonders. By working together, we can pave the way for an even brighter and safer future for vehicle lighting.
It is made possible by advanced LED technology, which gives drivers the ability to customize their illumination for the highest level of comfort and flair. Consumers that care about the environment want greener products, and vehicle lighting complies. While solar- and self-powered lighting technologies offer a future powered by clean energy, energy-efficient LEDs lower pollution. The advent of connected lighting systems heralds a new age. Envision automobiles interacting with infrastructure and one another to minimize accidents and enhance traffic efficiency. Integrated headlights with pedestrian recognition provide unmatched safety, while dramatic taillights with eye-catching displays alert onlookers to your intentions. The possibilities are endless in the future. Gesture-controlled interior illumination, holographic displays projected onto the road, and even light fixtures with self-healing capabilities.
Due to laws requiring safety features like headlights, taillights, and brake lights, exterior lighting presently holds the most market share in the vehicle lighting industry. The dominance of this market is partly attributed to advancements in safety-focused technologies such as adaptive headlights and daytime running lights. The market value of external lighting is increased by the quick adoption of technology like LED bulbs and laser lights, which improve performance and aesthetics. Conversely, the interior lighting market is expected to increase at the fastest rate in the upcoming years. Innovations like ambient lighting and technology breakthroughs like LED and OLED displays, driven by consumer demand for comfort and personalisation, open new possibilities. The spread of sophisticated interior lighting systems is further driven by the growing emphasis on safety and the expansion of the luxury car market.
The worldwide vehicle lighting market is currently dominated by halogen because of its more affordable price, advanced technology, and useful illumination. With its dependable supply chain and affordable option for manufacturers and cost-conscious customers, halogen holds the biggest market share. The fastest-growing market right now is LEDs, which are predicted to shortly overtake halogen. The rapid expansion of LEDs is driven by their higher efficiency, longer lifespan, flexibility in design, and technological breakthroughs including enhanced brightness. Because LEDs use less energy and produce fewer emissions and better fuel economy, they are becoming more and more popular in the changing automotive lighting market.
Passenger automobiles rule the worldwide automotive lighting market. The sheer number of passenger cars produced which surpasses that of business vehicles and fuels the need for lighting systems is the primary cause of this popularity. The growing demand for personal automobiles in developing nations is a result of rising disposable income, which in turn drives the rise of the passenger car market. The importance that consumers place on safety and aesthetics elements helps to drive market expansion. But in the upcoming years, the market for electric and hybrid cars is expected to develop at the quickest rate. The exponential rise of the worldwide electric car market, which is still expanding and shows no signs of slowing down, is what is driving this surge. Specialised lighting solutions are required since electric and hybrid vehicles have different lighting requirements because of their specific functionality and design aesthetics.
Most lighting systems sold nowadays are sold by OEMs (Original Equipment Manufacturers), primarily because manufacturers pre-install lighting systems in new cars. But in the next years, the aftermarket is expected to develop at the quickest rate. This spike in demand for replacement parts, especially lighting systems, can be linked to several variables, one of them being the average age of cars. The industry is expanding because of consumers' growing desire to personalise their cars with aftermarket lighting upgrades such LED upgrades and decorative lighting. The availability and affordability of technologies like adaptive headlights and laser lights in the aftermarket, together with other advancements in lighting technology, are driving demand even more. Moreover, the growing market for electric cars (EVs).
Throughout the forecast period, Asia Pacific is anticipated to be the automotive lighting market with the highest profitability. Over the past few years, Asia Pacific countries like China and India have seen notable increases in automotive manufacturing and sales, primarily in the medium-to premium luxury car segment. Asia Pacific is predicted to see an increase in the manufacturing of passenger cars, with India experiencing the strongest growth rate. Depending on the state of the national economy, the area offers a suitable selection of both high-end and cheap cars. For instance, there is a substantial demand for halogen, Xenon/HID, and LED since China and India produce more economy and mid-range automobiles. On the other hand, luxury car adoption rates are greater in South Korea and Japan, where LED lighting is the norm.
A brief shadow was thrown by COVID-19 over the worldwide automotive lighting market. Production was stopped by lockdowns and supply chain disruptions, while luxury lighting upgrades were shelved by consumers on a tight budget. Resources became scarce, and R&D stagnated. Still, the market is recovering thanks to resurgent demand and rearranged priorities. While energy-efficient LEDs are being pushed towards adoption by sustainability, safety concerns are driving interest in features like pedestrian detection and adaptive headlights. The digital push of the epidemic creates opportunities for intelligent, networked lighting systems that may interact with infrastructure and other cars. Ultimately, the industry is positioned to shine brighter, focused on safety, sustainability, and a connected future, even though the pandemic dimmed its brilliance.
A development collaboration between OSRAM Continental and REHAU aims to incorporate lighting into external components, providing automobile manufacturers with innovative lighting options that improve functionality and design flexibility. For rear combination lamps, Hella unveiled a revolutionary lighting innovation called Hella FlatLight technology. A Memorandum of Understanding (MoU) was signed by Samvardhana Motherson Automotive Systems Group BV (SMRPBV), a division of Motherson Group, and Marelli Automotive Lighting to investigate a technology collaboration focused on intelligently lighted external body components. Valeo debuted their revolutionary 360° lighting system at the Shanghai Auto Show. This technology surrounds the car with a band of light, projecting instantaneous, clear signs that other drivers can see from a distance. Pedestrians, cyclists, and scooter riders are especially susceptible to these signals
The rapid rise in growing health concerns in the geriatric population along with the penetration of advanced technologies is propelling the growth of the AI-powered Computed Tomography Diagnostic Imaging Market worldwide.
Agfa Healthcare, Bay Labs, Inc. (Caption Health Inc.), Babylon, Ada Health GmbH, Arterys, Butterfly Network, Inc., EchoNous, Inc., BenevolentAI, and Enlitic, Inc. are the key players involved in the AI-powered Computed Tomography Diagnostic Imaging Market in 2022.
The rising COVID-19 cases across the globe and emerging AI technologies have positively impacted the global market and have boosted the demand for AI-powered Computed Tomography Diagnostic Imaging by providing remote access to images and reports augmenting the global market size.
The North American market region dominates the AI-powered Computed Tomography diagnostic imaging market in 2022 owing to the increasing capital investments opening up new doors of opportunities in the region.
The Global AI-powered Computed Tomography Diagnostic Imaging Market is anticipated to grow at a CAGR of around 25.4% during the forecast period, 2023-2030.
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