The World Market for Computer Vision in Healthcare (2019-2023): CAGR of 47.2% is Anticipated, Triggered by Big Data in Healthcare - ResearchAndMarkets.com

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.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, May 21, 2019
Information
Tags: 
Technology, Software, Health, Hospitals, Medical devices, Articles, Technology, Emerging technologies, Academic disciplines, Artificial intelligence, Computational neuroscience, Cybernetics, Big data
⚠generated by AI ↴
Summary
Key Points: 
  • 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.
  • 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 computer vision in healthcare market is highly competitive owing to the presence of several large and small players.


The "Computer
Vision in Healthcare Market by Product & Service (Software (On premise,
Cloud), Hardware, Memory, Network), Application (Medical Imaging,
Surgery), & End User (Health Care Provider, Diagnostic Center) -
Forecasts to 2023" report has been added to ResearchAndMarkets.com's
offering.

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.

Research Coverage

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.

Market Dynamics

Drivers

  • Increasing Demand for Computer Vision Systems in the Healthcare
    Industry
  • Government Initiatives to Increase the Adoption of AI-Based
    Technologies
  • Big Data in Healthcare
  • Use of Computer Vision in Precision Medicine

Restraints

  • Reluctance of Medical Practitioners to Adopt AI-Based Technologies
  • Lack of Awareness & Technical Knowledge

Opportunities

  • Cloud-Based Healthcare Computer Vision Solutions
  • Unexplored Applications

Challenges

  • Rising Security Concerns Related to Cloud-Based Image Processing &
    Analytics
  • Lack of Curated Data

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Computer Vision in Healthcare Market, By Product & Service

7 Computer Vision in Healthcare Market, By Application

8 Computer Vision in Healthcare Market, By End-user

9 Computer Vision in Healthcare Market, By Region

10 Competitive Landscape

11 Company Profiles

  • Aicure
  • Arterys Inc.
  • Basler AG
  • Google
  • IBM
  • ICAD Inc.
  • Intel
  • Microsoft
  • nVidia
  • Xilinx

For more information about this report visit https://www.researchandmarkets.com/r/xxm6su

Copyright: 
Copyright Business Wire 2019