Global Computer Vision In Healthcare Market Insights Forecasts to 2033

• The Global Computer Vision In Healthcare Market Size was Valued at USD 1.41 Billion in 2023
• The Market Size is Growing at a CAGR of 25.16% from 2023 to 2033
• The Worldwide Computer Vision In Healthcare Market Size is Expected to Reach USD 13.3 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

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The Global Computer Vision In Healthcare Market Size is Anticipated to Exceed USD 13.3 Billion by 2033, Growing at a CAGR of 25.16% from 2023 to 2033.

 

Market Overview

Computer vision in healthcare is concerned with the analysis of photos and videos. Healthcare and lifescience organization across the world have observed a fast transformation in recent years, powered by innovative technology. Finding disease, identifying cures, and recommending preventive measures have become absolutes with technological measures like computer vision and AI. The healthcare segment has already gained much from the growth of AI. In healthcare, computer vision is making the fastest progress to deliver life-saving measures. Doctors can diagnose their patients rapidly in the early stages of disease. It is easy for doctors to prescribe the best treatment and monitor the progression of the disease. There are various advantages to computer vision in healthcare, such as accurate imaging analysis, advanced operating rooms, improved patient identification, better health safety, and faster medical research. Computer vision has various applications in healthcare, including automated cell counting, medical imaging, tumor detection, cancer detection, medical training, health monitoring, mask detection, X-ray analysis, CT scans, and MRI. In addition, innovation in artificial intelligence (AI) as well as machine learning algorithms continues to drive advancement in this field.

 

Report Coverage

This research report categorizes the market for the global computer vision in healthcare market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global computer vision in healthcare market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global computer vision in healthcare market.

 

Driving Factors

Increasing government inventiveness certainly plays an important role in promoting the adoption and growth of computer vision in the healthcare sector. This inventiveness includes funding, policy support, and collaborations focused on innovative research for cutting-edge solutions and the administration of computer vision technologies in healthcare. The rising integration of computer vision technology in healthcare aims to simplify decision-making processes, minimize the human errors, and eventually increase the efficiency and efficacy of healthcare services. There are most deadly diseases that require early diagnosis, like cancer. Computer vision allows the identification of early symptoms. This can be useful for timely treatment and helps drive market growth. Additionally, the rising use of large data technologies in the healthcare sector will further boost market growth.

 

Restraining Factors

Lack of enthusiasm among doctors to acquire AI-based technologies and a lack of awareness and technical knowledge are anticipated to restrain the growth of the market. Using patient information and susceptible photos raises privacy and security problems. Medical imaging data require formats and protocols, which are set to make it more difficult for different systems and equipment to communicate with each other. Executing computer vision systems regularly requires a substantial financial commitment. The cost involves developing or buying complex algorithms, recruiting staff, and getting progressive imaging equipment.

 

Market Segmentation

The global computer vision in healthcare market share is classified into component, product, application, and end-user.

 

• The software segment is anticipated to hold the largest share of the global computer vision in healthcare market over the forecast period.

On the basis of components, the global computer vision in healthcare market is divided into software and hardware. Among these, the software segment is anticipated to hold the largest share of the global computer vision in healthcare market over the forecast period. Software segments play a crucial role in powering computer vision algorithms, image processing, and data analysis for various types of applications. Healthcare providers are increasingly relying on software platforms to analyze the images, aid in diagnostics, and optimize patient care workflows. Merging AI into healthcare software will mark operational challenges and improve the competitive edge for healthcare workers, boosting significant growth in the market.

 

• The smart camera-based segment is anticipated to grow at the fastest rate in the global computer vision in healthcare market over the forecast period.

On the basis of product, the global computer vision in healthcare market is divided into smart camera-based and PC-based. Among these, the smart camera-based segment is anticipated to grow at the fastest rate in the global computer vision in healthcare market over the forecast period. The open-embedded processing system in smart camera-based computer vision systems removes the requirement for external devices, like frame-capture cards and external computers. Smart camera-based computer vision system growth is attributed to its accessibility, small size, cost-effectiveness, and simple computer vision system integration using smart cameras.

 

• The medical imaging & diagnostics segment is anticipated to hold the largest share of the global computer vision in healthcare market over the forecast period.

On the basis of application, the global computer vision in healthcare market is divided into medical imaging & diagnostics, surgeries, patient management & research, and others. Among these, the medical imaging & diagnostics segment is anticipated to hold the largest share of the global computer vision in healthcare market over the forecast period. AI-powered tools identify medical images with a high level of accuracy and sustain healthcare professionals in the identification and diagnosis of various conditions. Additionally, computer vision applications in medical imaging provide enhanced diagnostic accuracy. These systems detect patterns and deviations in medical images that may not be easily visible by human eyes. Leading to early detection and more accurate diagnoses. These benefits provided by computer vision in medical imaging and diagnostics boost segmental growth. 

 

• The healthcare providers segment is anticipated to grow at the fastest rate in the global computer vision in healthcare market over the forecast period.

On the basis of end-user, the global computer vision in healthcare market is divided into healthcare providers, diagnostic centers, academic research institutes, and others. Among these, the healthcare provider segment is anticipated to grow at the fastest rate in the global computer vision in healthcare market over the forecast period. This growth is due to healthcare providers progressively and providers significantly using computer vision for diagnostic imaging and pathology.  AI and innovative technologies to improve patient care and smooth operational processes. Healthcare providers significantly help with computer vision for diagnostic pathology. Computer vision algorithms help in analyzing medical images, pathology slides, and other diagnostics, supporting healthcare professionals in making more precise and early diagnoses. 

 

Regional Segment Analysis of the Global Computer Vision In Healthcare Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the greatest share of the global computer vision in healthcare market over the predicted timeframe.

 

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North America is anticipated to hold the greatest share of the global computer vision in healthcare market over the predicted timeframe. North America expresses a strong tendency towards innovative digital technologies, driven by its well-developed healthcare, IT, and telecommunications framework, which drives the growth of computer vision in healthcare market. In addition, approving government policies actively motivates the integration of digital and advanced technologies. Various factors, like rising cases of cardiovascular and chronic diseases, are improving market growth. Therefore, America will further embrace the largest share in the predicted timeframe.

 

Asia Pacific is anticipated to grow at the fastest rate in the global computer vision in healthcare market during the predicted timeframe. The rising expenses by governments to upgrade healthcare, like the development of hospitals and cardiac institutes, are some important driving factors. In addition, the increase in migrant population urbanization and rising awareness will further increase market growth. Constructing new hospitals, clinics, and diagnostic centers gives opportunities for merging computer vision systems to upgrade healthcare services.   

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global computer vision in healthcare market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• NVIDIA Corporation
• Microsoft
• Intel Corporation
• IBM Corporation
• Google LLC
• Basler AG
• Arterys Inc.
• AiCure
• iCAD Inc.
• SenseTime
• AltexSoft
• Encord
• General Electric (GE)
• ImFusion
• InData Labs
• Advanced Micro Devices
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In February 2022, Advanced Micro Devices adopted Xilinx. This acquisition launched the frontline leader in high-performance and compatible computing with a crucially expanded scale and the most terrifying portfolio of leadership computing, graphics, and adaptive SoC products in the industry.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Computer Vision In Healthcare Market based on the below-mentioned segments: 

 

Global Computer Vision In Healthcare Market, By Component

• Software
• Hardware

 

Global Computer Vision In Healthcare Market, By Product

• Smart Camera-based
• PC-based

 

Global Computer Vision In Healthcare Market, By Application

• Medical Imaging & Diagnostics
• Surgeries
• Patient Management & Research
• Others

 

Global Computer Vision In Healthcare Market, By End-User

• Healthcare Providers
• Diagnostic Centers
• Academic Research Institutes
• Others

 

Global Computer Vision In Healthcare Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa