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 Insights

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).

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.

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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

Report ID: SQMIG35A2898

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