Global Computer Vision in Healthcare Market

Computer Vision in Healthcare Market Size, Share, Growth Analysis, By Product Type(Peripheral Angioplasty Balloons, Plaque Modification Devices, Peripheral Stents, Peripheral Catheters), By Route of Administration(Oral, Parenteral, Others), By End Users(Hospitals & Clinics, Ambulatory Surgical Clinics, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2898 | Region: Global | Published Date: April, 2024
Pages: 216 | Tables: 114 | Figures: 79

Computer Vision in Healthcare Market News

  • March 2024, The Freesolv below-the-knee resorbable magnesium scaffold (BTK RMS) by BIOTRONIK has received Breakthrough Device Designation from the FDA to treat chronic limb-threatening ischemia (CLTI), which is the worst form of PAD. This designation aims at fast-tracking the device’s development and approval as there is a lack of adequate treatment options for CLTI with the new therapy being expected to enhance vascular healing and potentially decrease the long-term use of implants.
  • In 2023, Basler AG released Pylon 7.3 for Mac with Apple Silicon, which allows you to use their 1GigE, 5GigE, and USB3 vision cameras with the latest versions of macOS, such as Big Sur (11.7), Monterey (12.6), and Ventura (13.4).
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Global Computer Vision in Healthcare Market size was valued at USD 1.31 Billion in 2022 and is poised to grow from USD 1.77 Billion in 2023 to USD 19.77 Billion by 2031, growing at a CAGR of 35.2% in the forecast period (2024-2031).

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. 'Bayer AG (Germany) ', 'Abbott Laboratories (USA) ', 'Medtronic (USA) ', 'Boston Scientific (USA) ', 'Cook Medical (USA) ', 'Terumo Corporation (Japan) ', 'C. R. Bard (USA) ', 'Cardinal Health (USA) ', 'Becton, Dickinson and Company (BD) (USA) ', 'AngioDynamics (USA) ', 'Philips Healthcare (Netherlands) ', 'Biotronik (Germany) ', 'Straub Medical (Switzerland) ', 'W. L. Gore & Associates (USA) ', 'Endologix (USA) ', 'Merit Medical Systems (USA) ', 'Kawasumi Laboratories (Japan) ', 'Biosensors International (Singapore) ', 'iVascular (Spain) ', 'Lepu Medical (China) ', 'OptiMed (Germany) '

The use of computer vision in healthcare can significantly reduce the time physicians typically spend analyzing reports and images. It allows for more time with patients and provides relevant and constructive advice. It can also help physicians counsel more patients by increasing doctor-patient communication. Computer vision applied to healthcare helps caregivers deliver efficient and accurate healthcare services through its survival systems.

Rising Advancements in Healthcare: Advances in healthcare are expected to lead to more efficient screening and treatment protocols, ultimately improving patient care outcomes. Computer vision systems bring precision to medical diagnosis that helps reduce false positives, and can reduce the need for unnecessary surgeries and expensive treatments, if equipped with sophisticated systems trained in using multiple data sets, computer vision can detect even the subtlest symptoms of medical conditions in the ability to provide dramatically high accuracy using computer vision, with improvements a close to 100% indicates possible accuracy.

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.

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Global Computer Vision in Healthcare Market

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