The global artificial intelligence in magnetic resonance imaging (MRI) market size was estimated at USD 5.4 billion in 2021 and is expected to hit around USD 9.8 billion by 2030 with a registered CAGR of 6.85% from 2022 to 2030.
Magnetic resonance imaging involves the medical imaging procedure with technique and increased technology or imaging the human body. Utilization of magnetic field for scanning the human body and with the help of radio waves image is generated of the body (organs). MRI is different from the PET and CT scans. Utilization of Artificial intelligence in MRI in the hospitals, clinics, in diagnosis of the organs. Better imaging involved in MRI than in CT scans. Increased performance for monitoring the organs, functioning of the organ. Increased artificial intelligence developed system in the medical and health care sector.
Artificial intelligence involves distinguished in two segments such as robots and machine learning. Machine learning includes such as recognizing the image with algorithms integrated in to the system of computer. Robots performs functions like diagnosis, visualizing the organs of the human body. Increased demand from the market for the artificial intelligence in MRI with increased applications with utilizing the software over the network connectivity. Increased diagnosis of heart, bone fractures, neurological problems, chest disorders with the quick treatment. Increased performance, better results, increased accuracy. Increased diagnosis of the tumour and malignancy and fast treatment with easy recognition of the disorder.
Impact of Covid-19 on the market with increased growth rate of the artificial intelligence in MRI market with increased chronic diseases among the people with increasing population, lifestyle, dietary intake affects the market to grow with increased developments in MRI for diagnosis of the disorders. Which enhance the artificial intelligence market to grow at a larger extend with increased demands from the health care centre.
Report Scope of the Artificial Intelligence in MRI Market
|Market Size in 2022||
USD 5.77 Billion
|Market Size by 2030||
USD 9.8 Billion
|Growth Rate from 2022 to 2030||CAGR of 6.85%|
|Forecast Period||2022 to 2030|
|Segments Covered||Clinical Applications, Offering Type, Technology, Deployment Type, End-User, and Geography|
|Companies Mentioned||IBM Corporation, Bay Labs Inc, Resonance Health Ltd, Zebra Medical Vision Inc, Samsung Electronics Co.Ltd, Arterys Inc., Koninklijke Philips N.V., Nuance Communications Inc., Siemens Healthneer AG, OrCam, NVIDIA Corporation, Freenome Holdings Inc., Clarify Health Solutions, BioXcel Therapeutics, GNS Healthcare, Qventus, K Health Inc, Huma, Voxel, OWKIN INC., BERG LLC, Suki Al Inc, Renalytix, Babylon, Aga Health GmbH, Prognos, Medopad Ltd, PAIGE|
The rapid advance developed technologies in the MRI sector utilized in hospitals for diagnosis of the disorder with improved benefits. Developed technologies such as artificial intelligence supports the health care sector in identifying the various disorders. Increased work flow in medical sector with fast recognizing with quick treatments involved. Increased precision with better accuracy with increased support from the system in predicting the tumor and malignancy in the disorder with increase performance and better results and increased output have gained the market rate to a larger extend. Enhance support from the computer system with old system of imaging the body organs with increased technology with new developments such as MRI, CT scans. Whereas MRI involves the deep study of the organs with easy identification of the tumor with increased imaging of the organs. Increase adoption of artificial intelligence in the health sector which helps to fuel the market growth at higher rate.
The outbreak of covid-19 with wide spread of corona virus in various regions with increased hospitalization of the patients with increased technology for diagnosis of the disorders which fuels the growth of the artificial intelligence in MRI and in the post pandemic situation with increased demands from the consumer in medical sector with enhance networking and software system with increased features in MRI scanning with fast detection of the problem and quick treatment. Increased research and developments with increased technology and improved techniques in MRI helps to boost the market growth.
The key market players involved in artificial intelligence in MRI with increased investments for new MRI techniques with fast and easy access to the MRI helps to increase the market rate with increased requirements for new technologies in health care sector. Availability of the various techniques in MRI scanning with improved software system considering the patient health condition proceeds the market growth.
Key Market Drivers
Enhanced numerous diagnostics process
Increased demands of artificial intelligence in the MRI with increased Covid-19
Key Market Challenges
Key Market Opportunities
Clinical Applications Insights
Enhance applications of artificial intelligence in MRI in the medical sector with increased chronic diseases. Artificial intelligence in MRI used in neurology with highest market share with increased treatments for the brains with improved treatment and technology with integrated software in to the computer with increased performance for scanning images with easy identification of the conditions and also widely used in cardiovascular due to increased heart problems in day to day life with increased change in lifestyle and intake of the dietary supplements which affects the health of the individual. Which fuels the market of artificial intelligence to grow during the forecast period.
End Users Insights
Artificial intelligence in MRI on the basis of end users. With increased advance technologies and developments with increased features and increased chronic disorders have exceeded the market growth with increased demands from the health care for developed artificial intelligence in MRI. Hospitals with increased market rate with increased rate of hospitalization with serious disorders helps for imaging and scanning with fast treatment and increased developments and software system integrated into the medical devices utilized for scanning and in the computers. Which fuels the market to grow.
Deployment Type Insights
Artificial intelligence in MRI on the basis of deployment type with improved network technology helps the market to grow. With increased integration of clouding system and easy transmission of data with improved connectivity and easy management of the work and increased performance constantly in various sector increased internet of things constantly and expansion of the market to grow.
Artificial Intelligence in MRI Market Share, By Region, 2021 (%)
|Regions||Revenue Share in 2021 (%)|
Segmentation of artificial intelligence in MRI on the basis of geography involves North America with the largest market share with increased revenue due to developed technology and advancements in artificial intelligence in MRI with increased performance and good results help the health care center with fast diagnosis and quick treatment involved for the patients with increasing disorders. Other regions such as Asia Pacific region with highest growth of the artificial intelligence in MRI market with increased growth rate, Europe, Latin America, Middle East and Africa and rest of the world contributes to increase the growth of market.
Key Market Players
Segments Covered in the Report
By Clinical Applications
By Offering Type
By Deployment Type
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