The global artificial intelligence in MRI market size surpassed USD 5.77 billion in 2022 and is projected to rake USD 9.8 billion by 2030, poised to grow at a CAGR of 6.85% from 2022 to 2030.
The rapid acceptance of developed technology of artificial intelligence in MRI with increased scanning imaging of the body organs with faster performing and quick treatments. Increasing number of chronic disorders among the population with increased scanning help the market to grow to a larger extend. Improved technology based on software techniques integrated in to the computer system with increased scanning of the images.
Enhanced connectivity across the regions with increased work flow management in the health care sector with fast diagnosis and quick treatment drives the market of artificial intelligence in the MRI with increased demands from the hospitals and increasing rate of hospitalization with increasing diseases thrives the growth of the market.
The pandemic situation outbreak of Covid-19 affected the market rate with decreased manufacturing and producing of the equipment with increased demands from the health care sector due to increased number of infected patients which helps to drive the market growth.
Report Highlights:
Anti-Inflammatory Therapeutics Market Report Scope:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 6.16 Billion |
| Projected Forecast Revenue in 2030 | USD 9.8 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 6.85% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2022 To 2030 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Regional Snapshots:
The North America to be the largest sector with increased growth rate in the market with increased demands from the health care sector with continuous research and developments with increased technology and new features with faster results and increased accuracy and precision with good output and enhanced performance, Increased initiative from the government with increased interest drives the market to grow. The key market players involved in developing the devices utilized in medical sector with improved technologies fuels the market to grow to a larger extend.
Other regions such as Asia Pacific region also with highest marker revenue share with increased demands from the health care sectors and improved innovations with advance features and increased health care of the patients with new acquired features expands the artificial intelligence in the magnetic resonance imaging market to grow, Europe, Latin America, Middle East and Africa and rest of the world contributes to grow the market rate.
Market Dynamics:
Drivers:
The advanced developed technologies developed with increased software system updated with increased network connectivity help to support the work and enhance the scanning and imaging of the body organs with improved features and high efficiency perfect accuracy and precision. The increasing number of chronic disorders among the population with changing lifestyle, intake of diet affects the health with increasing population helps to boost the market of artificial intelligence in MRI market. A number of options available for scanning the images of the organ with new features and software system integrated into the computer helps to support the market for rising revenue. Emerging economies with enhanced demands for the devices with new technologies and good results help to support the market of artificial intelligence in MRI market. Increasing investment from the key market players in manufacturing the artificial intelligence in MRI market with increasing research and development help to increase the market during the forecast period. The increasing number of chronic diseases with increasing population and increased hospitalization of patients expands the market to grow.
Restraints:
Improved developed technologies with software systems integrated into the system which led to enhanced cost of the treatment not affordable to the common people which may affect the market value. The cost of the treatment and improved technologies should be balanced for enhancing the demand from the market. A lack of awareness among the people regarding new features integrated into the system may hamper the market growth. The availability of multiple options for diagnosis of the disorder with enhanced number of scanning equipment other than artificial intelligence in MRI restraints the market size during the forecast period.
Opportunities:
The advance developed technologies with software integrated into the computer with increased digitalization and enhance internet connectivity. This helps to the continuous flow of work with increased performance with good results improved accuracy and precision help the market for increasing the rate. Increased government interest in developing more artificial intelligence in MRI with new technologies and better performance with adopting new features and increased investment helps to boost the artificial intelligence in MRI market. Increased research and development by key market players and increasing investment from the players enhanced the market growth.
Challenges:
The artificial intelligence in MRI with developed techniques enhances diagnosis and fast treatment with the increased cost of the treatment which may hamper the market growth during the forecast period because of reduced demands with increased cost. Lack of skill with developed technologies in artificial intelligence for performing the task professional experienced experts is required for imaging the body organs. Lack of connectivity may halt the workflow and stop the scanning of the image with decreased diagnosis may challenge the market to grow at a higher level with decreased market revenue of the artificial intelligence in MRI during the forecast period.
Recent Developments:
Major Key Players:
Market Segmentation:
By Clinical Applications
By Offering Type
By Technology
By Deployment Type
By End-User
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