The computer vision in healthcare market is projected to reach USD 1,456.5 million by 2023 from USD 210.5 million in 2018, at a CAGR of 47.2% during the forecast period.
Growth in this market is driven by the increasing demand for computer vision systems in the healthcare industry, government initiatives to increase adoption of AI-based technologies, big data in healthcare, and the use of computer vision in precision medicine. However, reluctance among medical practitioners to adopt AI-based technologies, and lack of awareness and technical knowledge are expected to restrain market growth to a certain extent. In this report, the computer vision in healthcare market is segmented by product & service, application, end user, and region.
In 2018, North America accounted for the largest share of 39.9% of the computer vision in healthcare market, followed by Europe (27.2%). The North American market is also expected to grow at the highest CAGR during the forecast period. The demand for computer vision-based solutions in the healthcare system in North America is driven by the increasing number of imaging procedures for disease diagnosis, growing adoption of personalized medicine, and growing government initiatives for the adoption of AI based solutions in healthcare in the region.
The computer vision in healthcare market is highly competitive owing to the presence of several large and small players. NVIDIA Corporation (US), Microsoft (US), Intel Corporation (US), Xilinx Inc. (US), IBM (US), Google (US), Basler AG (Germany), Arterys (US), AiCure (US), and iCAD Inc. (US) are some of the leading players operating in the computer vision in healthcare market. Players in this market are primarily pursuing the strategies of partnerships, collaborations, product launches, and acquisitions to develop and expand their market presence.
This report provides a picture of the global computer vision in healthcare market. It aims at estimating the size and future growth potential of the market across different segments, such as product & service, application, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of key market players, along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help market leaders/new entrants by providing them the closest approximations of the revenue numbers for the overall computer vision in healthcare market and its sub-segments. Also, this report will help stakeholders to better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. It will also enable stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities. – Business Wire