USD 1.31 Billion
Report ID:
SQMIG35A2898 |
Region:
Global |
Published Date: April, 2024
Pages:
216
|Tables:
114
|Figures:
79
Computer Vision in Healthcare Market size was valued at USD 1.77 Billion in 2023 and is poised to grow from USD 2.39 Billion in 2024 to USD 26.73 Billion by 2032, growing at a CAGR of 35.2% during the forecast period (2025-2032).
Healthcare professionals can analyze health and wellness data through computer vision technology, empowering patients to make more informed medical decisions more quickly. In modern healthcare settings, computer vision is used to measure blood loss during surgery, especially C-sections. This ability to rapidly intervene is critical in an emergency when blood volume loss reaches critical levels. Furthermore, the versatility of computer vision extends to measuring body fat percentage using images captured by conventional cameras. This versatile technology shows the potential to improve clinical decision-making and contribute to comprehensive health care assessments.
Deep learning-based techniques, such as convolutional neural networks (CNNs) and recurrent neural networks (RNNs) dominate the development of computer vision solutions in healthcare. Continuous advances in computer vision algorithms, imaging techniques, and AI technologies are driving innovation in the healthcare industry. These developments are enabling sophisticated computer vision solutions capable of analyzing complex medical images, detecting abnormalities, and helping healthcare professionals make medical decisions.
The growing need to automate healthcare systems, simplify workflows and reduce manual processes drives computer vision automated solutions for practices including radiology, pathology and ophthalmology improve diagnostic accuracy, improve patient care and accelerate treatment timelines. In image-processing techniques, AI- Constant advances in technology were driving innovation in the healthcare industry. These developments are enabling sophisticated computer vision solutions capable of analyzing complex medical images, detecting abnormalities, and helping healthcare professionals make medical decisions. The increasing need to automate healthcare systems, simplify workflows and reduce manual processes is driving the adoption of computer vision solutions in medical imaging automated examinations, including radiology, pathology and ophthalmology, improve diagnostic accuracy.
Global Market Size
USD 1.31 Billion
Largest Segment
Hardware
Fastest Growth
Software
Growth Rate
35.2% CAGR
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The peripheral artery disease market is segmented into product type, route of administration, end user, and region. Based on product type, the market is segmented into Peripheral Angioplasty Balloons, Plaque Modification Devices, Peripheral Stents, Peripheral Catheters, Hemodynamic Flow Alteration Devices, Inferior Vena Cava Filters, Peripheral Accessories. Based on the route of administration, the peripheral artery disease market is segmented into oral, parenteral, and others. Based on end users, the peripheral artery disease market is segmented into hospitals & clinics, ambulatory surgical clinics, and others. Based on region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America.
Analysis by Type
In 2023, the peripheral stents segment emerged as the predominant contributor to the overall market, exhibiting substantial growth with a projected CAGR of 7.5% during the forecast period. Peripheral stents play a pivotal role in addressing vascular complications, as they are designed to treat narrowing or blockages within arteries or veins. These small tubular metal scaffolds are strategically inserted into peripheral vessels, facilitating the restoration and enhancement of blood flow.
In 2023, the peripheral angioplasty balloons segment is anticipated to experience a robust CAGR of 8.9%, marking it as a high-growth component within the peripheral arterial disease market. Peripheral angioplasty balloons play a crucial role in widening narrowed arteries during angioplasty procedures. This intervention involves the use of a wire to guide an empty balloon catheter into constricted arteries, positioning it precisely for the desired outcome. Upon reaching the target location, the balloon is inflated, displacing stenosis or narrowing on the vessel wall.
Analysis by End User
The ambulatory surgical clinics segment plays a crucial role in the peripheral artery disease (PAD) market, contributing significantly to the overall landscape of vascular interventions. Ambulatory surgical clinics are pivotal healthcare facilities that specialize in providing outpatient surgical procedures, including those related to peripheral artery disease. These clinics offer a convenient and efficient alternative to traditional hospital settings, allowing for streamlined patient care, reduced waiting times, and cost-effective treatments.
The hospitals & clinics category has emerged as the leading revenue generator within the peripheral arterial disease market. The robust financial performance of this segment is expected to experience further augmentation driven by several factors. The anticipated growth in healthcare capital equipment expenditures is poised to play a pivotal role, reflecting the increasing investment in advanced medical technologies and equipment within hospital and clinic settings. Additionally, the favorable impact of technology, specifically the utilization of lifeline curves, is anticipated to contribute to segmental growth.
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North America dominated the global market, accounting for more than 35.0% of global revenue. North America exhibits an increase in innovative digital technologies, witnessed by robust healthcare, IT, and telecommunications infrastructure, which has further expanded the global computer vision in healthcare market significantly, with artificial intelligence resources are included in the healthcare sector. The region benefits from favorable government policies that actively encourage the integration of digital and new technologies. The region has a large patient base, and in the US more than half have one or more chronic diseases. This growing number has led to an increase in hospitalizations, requiring patient health information to be stored and managed digitally to comply with federal regulations.
Asia-Pacific is expected to register the fastest CAGR during the forecast period. Many countries in the Asia Pacific region are investing and improving their healthcare systems. The construction of new hospitals, clinics, and rehabilitation centers creates opportunities to integrate computer vision technology to improve healthcare services. Asia-Pacific is home to a significant proportion of the world’s population, and chronic diseases are on the rise. Increasing healthcare needs and larger patient populations require new technologies, including computer vision, to aid in diagnosis, treatment and patient management.
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Drivers
Medical Comprehensiveness and Accuracy
Importance of Imaging in medicine
Restraints
Data Privacy and Security Issues
Integrating Existing Systems
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The competitive environment of the Global Computer Vision in Healthcare Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading companies increased their market share primarily through product launches and developments, followed by expansions, mergers & acquisitions, alliances, agreements, partnerships and consolidations. Leading companies employ a wide range of strategies to improve market reach and strengthen their position in the cutthroat sector.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global computer vision in healthcare market is experiencing tremendous growth driven by advances in artificial intelligence (AI), machine learning, and computer vision technologies. Computer vision applications in healthcare facilitate medical image analysis, diagnosis, surgical support, personalized treatment planning, etc. The integration of computer vision solutions provides maximum health outcomes, improves productivity, and reduces healthcare costs. As digital technologies are increasingly adopted by the healthcare industry, the demand for computer vision solutions is expected to increase, expanding the market globally.
Report Metric | Details |
---|---|
Market size value in Healthcare | USD 1.77 Billion |
Market size value in 2032 | USD 26.73 Billion |
Growth Rate | 35.2% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Computer Vision in Healthcare Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Computer Vision in Healthcare Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Computer Vision in Healthcare Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Computer Vision in Healthcare Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2898
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