Ultrasound imaging refers to the use of high-frequency sound waves to capture real-time internal images of the human body. Artificial Intelligence (AI) algorithms are now being applied to ultrasound imaging to enhance image quality, automate diagnosis procedures, and provide quantitative measurements. AI helps reduce diagnostic errors by complementing ultrasound scans with computer-aided diagnosis while freeing up radiologists’ time spent on routine tasks.
The global artificial intelligence in ultrasound imaging market is estimated to be valued at US$ 972.1 Mn in 2024 and is expected to exhibit a CAGR of 9.9% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the artificial intelligence in ultrasound imaging are NVIDIA Corporation, Intel Corporation, IBM, EchoNous, Inc., Microsoft, General Vision Inc., GENERAL ELECTRIC COMPANY, Johnson & Johnson Services, Inc., Siemens Healthcare Private Limited, Medtronic, CloudMedx Inc., Agfa-Gevaert Group, Butterfly Network, Inc., Imagia Cybernetics Inc., Enlitic, Inc., Micron Technology, Inc., and SAMSUNG. The increasing adoption of AI-based ultrasound systems across hospitals and diagnostic centers represents a major opportunity in the market. North America dominated the global market in 2021 owing to the high prevalence of target diseases and presence of key industry players in the region.
Market Drivers
One key driver has been the rapid advances in deep learning technology that have enabled more sophisticated Artificial Intelligence in Ultrasound Imaging Market Size. Deep learning algorithms can be trained on huge datasets of ultrasound images to identify patterns and abnormalities that may be missed by humans. This is increasing the demand for AI-powered ultrasound devices that offer improved accuracy and consistency of diagnosis.
PEST Analysis
Political: The artificial intelligence in ultrasound imaging market is expected to see positive growth due to increasing healthcare spending by various governments across the globe. Many governments are also providing favorable regulations and reimbursement schemes to drive the adoption of AI-enhanced medical technologies.
Economic: Rising disposable incomes have led to increased healthcare spending worldwide. This has encouraged investments in advanced medical imaging technologies like AI-powered ultrasound devices. Further, reduced hardware and licensing costs are making such solutions more affordable.
Social: Growing awareness among patients about the benefits of early disease diagnosis is driving the demand for more effective medical imaging technologies. AI assistance can help radiologists improve diagnostic accuracy and enhance the overall patient care experience.
Technological: Ultrasound devices integrated with AI are able to capture and process clinical data more efficiently. Deep learning algorithms then help radiologists detect abnormalities, perform quantitative analysis, and monitor disease progression. Some solutions also enable automated report generation and wireless image sharing.
Geographical regions with high Artificial Intelligence in Ultrasound Imaging Market Regional Analysis concentration in terms of value are North America and Europe due to robust healthcare infrastructure and widespread medical reimbursements. Asia Pacific is expected to witness the fastest growth due to rising medical tourism, increasing healthcare expenditures, and growing base of ultrasound diagnostic centers.
The fastest growing regional market for artificial intelligence in ultrasound imaging is expected to be Asia Pacific due to surging patient pool, developing healthcare infrastructure, and heavy foreign investments by global medical technology companies. Governments are also supporting adoption of advanced diagnostic modalities to improve regional healthcare outcomes.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author – Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice’s dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn