Global $1.45 Bn Computer Vision in Healthcare Market Forecasts to 2023: Government Initiatives To Increase The Adoption Of AI-Based Technologies
DUBLIN, March 7, 2019 /PRNewswire/ -- The "Computer Vision in Healthcare Market by Product & Service (Software (On premise, Cloud), Hardware, Memory, Network), Application (Medical Imaging, Surgery), & End User (Health Care Provider, Diagnostic Center) - Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The computer vision in healthcare market is projected to reach USD 1,457 million by 2023 from USD 210 million in 2018, at a CAGR of 47.2% during the forecast period.
The growth of this market is majorly driven by the increasing demand for computer vision systems in the healthcare industry, government initiatives to increase the adoption of AI-based technologies, big data in healthcare, and the use of computer vision in precision medicine. However, the reluctance of medical practitioners to adopt AI-based technologies and lack of awareness and technical knowledge are expected to restrain market growth to a certain extent during the forecast period.
Services segment to grow at the highest CAGR during the forecast period
Based on product & service, the computer vision in healthcare market is segmented into software, hardware, and services. The services segment is expected to grow at the highest CAGR during the forecast period. The high growth of the services segment can be attributed to the recurring requirement of services such as training, software upgrades, and software maintenance post-installation.
The healthcare providers segment accounted for the largest share of the computer vision in healthcare market, by end user, in 2018
Based on end user, the computer vision in healthcare market is segmented into healthcare providers, diagnostic centers, and other end users. In 2018, the healthcare providers segment accounted for the largest share of the computer vision in healthcare market. Factors such as the growing adoption of these solutions in hospitals and the increasing focus of companies on developing AI and computer vision tools to improve hospital operations are driving the growth of this end-user segment.
North America to dominate the computer vision in healthcare market during the forecast period
In 2018, North America accounted for the largest share of the computer vision in healthcare market. This market is also expected to grow at the highest CAGR during the forecast period. The increasing number of imaging procedures for disease diagnosis is a major factor driving market growth.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Computer Vision In Healthcare: Market Overview
4.2 Computer Vision In Healthcare Market, By Product & Service, 2018 Vs. 2023 (USD Million)
4.3 Computer Vision In Healthcare Market, By Application, 2018-2023 (USD Million)
4.4 Computer Vision In Healthcare Market Share, By End User And Region, 2018
4.5 Computer Vision In Healthcare Market: Geographic Growth Opportunities
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand For Computer Vision Systems In The Healthcare Industry
5.2.1.2 Government Initiatives To Increase The Adoption Of AI-Based Technologies
5.2.1.3 Big Data In Healthcare
5.2.1.4 Use Of Computer Vision In Precision Medicine
5.2.2 Restraints
5.2.2.1 Reluctance Of Medical Practitioners To Adopt AI-Based Technologies
5.2.2.2 Lack Of Awareness And Technical Knowledge
5.2.3 Opportunities
5.2.3.1 Cloud-Based Healthcare Computer Vision Solutions
5.2.3.2 Unexplored Applications
5.2.4 Challenges
5.2.4.1 Rising Security Concerns Related To Cloud-Based Image Processing And Analytics
5.2.4.2 Lack Of Curated Data
6 Computer Vision In Healthcare Market, By Product & Service
6.1 Introduction
6.2 Software
6.2.1 On-Premise Solutions
6.2.1.1 Greater Control And Security Offered By On-Premise Solutions To Drive The Adoption Of These Solutions By Healthcare Organizations
6.2.2 Cloud-Based Solutions
6.2.2.1 Factors Such As Ease Of Use, Affordability, And Reliability Have Ensured The High Growth Of The Cloud-Based Solutions Market
6.3 Hardware
6.3.1 Processors
6.3.1.1 CPUs
6.3.1.1.1 High Demand For CPUs Across The Globe To Drive Market Growth
6.3.1.2 GPUs
6.3.1.2.1 GPUs Handle Graphics Applications And Display Functions That Render High-Quality Images, Animations, And Videos, A Key Factor Driving Market Growth
6.3.1.3 FPGAs
6.3.1.3.1 Advantages Such As Rapid Prototyping, Shorter Time-To-Market, Reprogram Ability, And Longevity To Drive Growth In This Segment
6.3.1.4 ASICs
6.3.1.4.1 High Affordability And Improved Performance Are Key Advantages Of ASICs Promoting Market Growth
6.3.1.5 VPUs
6.3.1.5.1 Advantages Of VPUs In Accelerating Computer Vision Tasks To Drive Market Growth
6.3.2 Memory Devices
6.3.2.1 High-Bandwidth Memory (HBM) Is A Specialized, Vertically Stacked DRAM-Integrated With Processors To Increase Speed While Reducing Latency, Power, And Size-Key Factors Driving Growth
6.3.3 Networks
6.3.3.1 AI-Enhanced Networks Can Provide Faster, More Accurate Ways For Customers To Explore Products, Leading To An Increasing Number Of Orders
6.4 Services
6.4.1 Growth In This Segment Can Be Attributed To The Recurring Requirement For Services, Such As Training, Software Upgrades, And Software Maintenance Post-Installation
7 Computer Vision In Healthcare Market, By Application
7.1 Introduction
7.2 Medical Imaging & Diagnostics
7.2.1 Medical Imaging & Diagnostics Is The Largest Application Segment Of The Computer Vision In Healthcare Market
7.3 Surgeries
7.3.1 Computer Vision Improves Surgeons' Recognition Capacity, Helping Them Make Decisions During Complicated Surgeries
7.4 Other Applications
8 Computer Vision In Healthcare Market, By End User
8.1 Introduction
8.2 Healthcare Providers
8.2.1 Healthcare Providers Form The Largest End-User Segment Of The Computer Vision In Healthcare Market
8.3 Diagnostic Centers
8.3.1 High Data Generation In This Sector Will Necessitate Use Of Computer Vision Solutions
8.4 Other End Users
9 Computer Vision In Healthcare Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Rising Volume Of Medical Imaging Data Estimated To Be A Major Factor Driving Market Growth In The Us
9.2.2 Canada
9.2.2.1 Increasing Government Funding For The Adoption Of AI In The Healthcare Sector To Drive Market Growth In Canada
9.3 Europe
9.3.1 Growing Volume Of Medical Imaging Data Being Generated In The Healthcare Systems Of European Countries Paving The Way For The Adoption Of Computer Vision-Based Solutions
9.4 Asia
9.4.1 Developing IT Infrastructure And AI-Friendly Initiatives By Governments In Several Asian Countries To Support The Adoption Of Computer Vision-Based Solutions
10 Competitive Landscape
10.1 Overview
10.2 Market Player Ranking
10.3 Competitive Leadership Mapping
10.3.1 Vanguards
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Players
10.4 Competitive Situation And Trends
10.4.1 Product Launches And Approvals
10.4.2 Acquisitions
10.4.3 Other Strategies
11 Company Profiles
11.1 Microsoft
11.2 nVidia
11.3 Intel
11.4 Xilinx
11.5 IBM
11.6 Google (A Subsidiary Of Alphabet, Inc.)
11.7 Basler AG
11.8 Arterys, Inc.
11.9 Aicure
11.10 ICAD, Inc.
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