Artificial Intelligence
Outlook on the AI-Enabled Medical Imaging Solutions Global Market to 2030 – Featuring General Electric, Hyperfine and Hologic Among Others
Dublin, Jan. 22, 2021 (GLOBE NEWSWIRE) — The “Global AI-Enabled Medical Imaging Solutions Market: 15 Countries Analysis – Analysis and Forecast, 2020-2030” report has been added to ResearchAndMarkets.com’s offering.
The global AI-enabled medical imaging solutions market was valued at $636.1 million in 2019 and is anticipated to reach $10,145.1 million by 2030, growing at a CAGR of 26.69%, during the forecast period 2020 -2030.
The increasing complexities in clinical decision making, rising radiologist workload, and huge R&D investments are the major factors fueling market growth. In addition to these factors, there are significant challenges and restraints, which are restricting market growth. These challenges include the physicians’ reluctance toward the adoption of advanced technologies such as AI and the privacy and security concerns related to healthcare data. Hence, it is anticipated that these trends will have a significant impact on AI-enabled medical imaging solutions market in the next five years, and the market will grow multifold.
Global AI-enabled imaging modalities market is currently witnessing a significant change in the market landscape. There is rising investment in development of healthcare infrastructure, increasing evidences for efficient and promising results in treatment and diagnosis assistance. Thus, this is leading to potential growth opportunities for the AI-enabled imaging modalities market. Moreover, there is an extensive entry of emerging players developing AI-powered imaging systems, and software companies into the healthcare space. All these predominant factors have led to a significant rise in sales of AI-based imaging modality systems across the globe.
Market Report Coverage – AI-Enabled Medical Imaging Solutions
Market Segmentation
- Therapeutic Application – Cardiology, Oncology (Breast, Lung, Other Cancer Types), Neurology, Respiratory, Orthopedic, and Others
- Modality – CT, MRI, X-Ray, Ultrasound, PET, Other Modalities
- Workflow – Image Acquisition, Image Analysis, Detection, Diagnosis, and Treatment Decision Support, Predictive Analysis & Risk Assessment, Triage, Reporting and Communication, and Equipment Maintenance
Regional Segmentation
- North America – U.S. and Canada
- Europe – Germany, U.K, Italy, Spain, France, Switzerland, Sweden, Netherlands, and Rest of -Europe
- Asia-Pacific – Japan, China, South Korea, Australia and New Zealand, Singapore, and Rest of -Asia -Pacific
- Rest-of-the-World
Growth Drivers
- Increasing Complexities of Clinical Decision -Making
- Expanding Range of Applications
- Shortage of Healthcare Workforce
- Huge R&D investment
Market Challenges
- Privacy and Security Concerns Related to Healthcare Data
- Regulatory Challenges
- Barriers to Physician’s Adoption of AI
- Lag in Regulatory Approvals
- Legal Implications of AI Systems
- Rise in Medical Imaging Expenses
- Data Security and Privacy Issues
- Lack of Trained Staff
Market Opportunities
- Rapidly Evolving Deep Learning Techniques
- Increasing Number of Cross-Industry Partnerships
Key Companies Profiled
Siemens Healthineers AG., General Electric Company, Agfa – Gevart Group, Hologic, Inc., Fujifilm Holdings Corporation, General Electric Company, iCAD, Inc., Koninklijke Philips N.V., Nuance Communications, Inc., Synopsys Inc., NVIDIA Corporation, Nanox, Butterfly Network, Inc., Hyperfine. Aidoc, Arterys Inc, Beijing Infervision Technology Co., Ltd., Blackford Analysis Limited, Envoy AI, MIRADA MEDICAL LIMITED, VUNO Inc., and Zebra Medical Vision, Inc.
Key Questions Answered in this Report:
- What are the various AI-enabled medical imaging solutions and systems available in the market?
- What is the current market size and future potential of these products?
- What are the major market drivers, challenges, and opportunities in the global AI-enabled medical imaging solutions market?
- What are the guidelines implemented by different government bodies to regulate the approval of AI-enabled medical imaging solutions?
- What are the key technological developments on which the current industry leaders are spending a major share of their research and development (R&D) investments?
- Who are the leading players holding dominating shares in the global AI-enabled medical imaging solutions market, currently?
- What are the key strategies incorporated by the players of global AI-enabled medical imaging solutions market, to sustain the competition and retain their supremacy?
- What is the current revenue contribution of different therapeutic applications, workflow, and modality, and how would it evolve in the forecast period?
- What is the current demand contribution of different product types and how would it evolve in the forecast period?
- What is the current demand contribution of different deployment models and how would it evolve in the forecast period?
- Which countries contribute to the major share of current demand and which countries hold significant scope for expansion for business activities, by players of the global AI-enabled medical imaging solutions market?
Key Topics Covered:
1 Product Definition
2 Research Scope
3 Research Methodology
4 Industry Insights
4.1 Industry Ecosystem
4.2 Legal Requirements and Regulations
4.2.1 Regulatory Framework for Artificial Intelligence-Based FDA-Approved Medical Devices and Algorithms
4.2.1.1 Restraints in Current Regulatory Process for AI/ML-Based Medical Device/Algorithm
4.2.2 Regulatory Framework in the U.S.
4.2.3 Regulatory Framework in Europe
4.2.3.1 Changes in Rule
4.2.3.2 New Rules in the Annexure VIII
4.2.3.3 Major Changes in the EU due to the Implementation of MDR:
4.2.3.3.1 Expanded Device Definitions Requiring Re-Examination of the Current Classification of All Devices
4.2.3.3.2 Quality Management System
4.2.3.3.3 Technical File
4.2.3.3.4 Need to Comply with New Identification and Traceability (UDI) Requirements
4.2.3.3.5 More Emphasis on Post-Market Surveillance
4.2.3.3.6 Need for Strengthening the Role of Internal Audits and Mandatory Audits
4.2.3.3.7 Dedicated Personnel for MDR compliance
4.2.4 Regulatory Framework in Japan
4.2.5 Regulatory Framework in China
4.2.6 Regulatory Framework in Other Countries
4.2.6.1 Regulatory Framework in India
4.2.6.2 Regulatory Framework in Latin America
4.2.6.3 Regulatory Framework in the Middle East and Africa (MEA)
4.2.7 Consortiums, Associations, and Regulatory Bodies
4.3 Impact of COVID-19
4.3.1 Impact on Clinical Settings and Clinical Decision-Making
4.3.2 Impact on AI-Based Medical Imaging Solution Manufacturers
4.3.3 Conclusion
5 Real World Evidence
5.1 Overview
5.2 Aidoc
5.2.1 Role of Aidoc in the Global AI-Enabled Medical Imaging Solutions Market
5.3 Arterys Inc.
5.3.1 Role of Arterys Inc. in the Global AI-Enabled Medical Imaging Solutions Market
5.4 Bay Labs, Inc.
5.4.1 Role of Bay Labs, Inc. in the Global AI-Enabled Medical Imaging Solutions Market
5.5 Heart Flow, Inc.
5.5.1 Role of Heart Flow, Inc. in the Global AI-Enabled Medical Imaging Solutions Market
5.6 MIRADA MEDICAL LIMITED
5.6.1 Role of Mirada Medical Limited in the Global AI-Enabled Medical Imaging Solutions Market
5.7 RADLogics Inc.
5.7.1 Role of RADLogics Inc. in the Global AI-Enabled Medical Imaging Solutions Market
5.8 VIDA Diagnostics, Inc.
5.8.1 Role of VIDA Diagnostics, Inc. in the Global AI-Enabled Medical Imaging Solutions Market
5.9 VUNO Inc.
5.9.1 Role of VUNO lnc. in the Global AI-Enabled Medical Imaging Solutions Market
5.1 Zebra Medical Vision, Inc.
5.10.1 Role of Zebra Medical Vision, Inc. in the Global AI-Enabled Medical Imaging Solutions Market
6 Global AI-Enabled Medical Imaging Solutions Market Scenario
6.1 Assumptions and Limitations
6.2 Global Market Scenario
6.3 Potential Market Opportunities
6.3.1 Rapidly Evolving Deep Learning Techniques
6.3.2 Increasing Number of Cross-Industry Partnerships
6.4 Market Dynamics
6.4.1 Impact Analysis
6.4.2 Market Drivers
6.4.2.1 Increasing Complexities of Clinical Decision-Making
6.4.2.2 Expanding Range of Applications
6.4.2.3 Shortage of Healthcare Workforce
6.4.2.4 Huge R&D Investments
6.4.3 Market Restraints
6.4.3.1 Privacy and Security Concerns Related to Healthcare Data
6.4.3.2 Regulatory Challenges
6.4.3.3 Barriers to Physician’s Adoption of AI
6.4.3.4 Lag in Regulatory Approvals
6.4.3.5 Legal Implications of AI Systems
6.4.3.6 Rise in Medical Imaging Expenses
6.4.3.7 Data Security and Privacy Issues
6.4.3.8 Lack of Trained Staff
7 Competitive Landscape
7.1 Key Strategies and Developments
7.1.1 Joint Ventures, Collaborations, and Partnerships
7.1.2 Funding and Investments
7.1.3 Regulatory and Legal Activities.
7.1.3.1 U.S. FDA Approvals
7.1.3.2 CE Mark Approvals
7.1.3.3 PMDA Approvals
7.1.3.4 Others
7.1.4 Product Launches and Enhancements
7.1.5 Mergers and Acquisitions
7.2 Growth Share Analysis
7.2.1 Growth Share Matrix (by Product)
7.2.2 Growth Share Matrix (by Workflow)
7.2.3 Growth Share Matrix (by Modality)
8 Global AI-Enabled Medical Imaging Solutions Market (by Modality)
8.1 Overview
8.2 Computed Tomography (CT)
8.3 Magnetic Resonance (MR)
8.4 Ultrasound
8.5 X-Ray
8.6 Mammography
8.7 Multimodality Imaging Systems
8.8 Other Modalities
9 Global AI-Enabled Medical Imaging Solutions Market (by Product)
9.1 Overview
9.2 Software
9.2.1 Perpetual Software License
9.2.2 Subscription Software License
9.2.3 Fee-Per Case Software License
9.3 Hardware
10 Global AI-Enabled Medical Imaging Solutions Market (by Deployment Model)
10.1 Overview
10.2 Cloud- and Web-Based Solutions
10.3 On-Premises Solutions
11 Global AI-Enabled Medical Imaging Solutions Market (by Workflow), 2019-2030
11.1 Overview
11.2 Image Acquisition
11.3 Image Analysis
11.4 Detection
11.5 Diagnosis and Treatment Decision Support
11.6 Predictive Analysis and Risk Assessment
11.7 Triage
11.8 Reporting and Communication
12 Global AI-Enabled Medical Imaging Solutions Market (by Therapeutic Application)
12.1 Overview
12.2 Specialty Imaging
12.2.1 Cardiology
12.2.2 Oncology
12.2.2.1 Lung Cancer
12.2.2.2 Breast Cancer
12.2.2.3 Other Cancer Types
12.2.3 Neurology
12.2.4 Respiratory
12.2.5 Orthopedics
12.2.6 Others
12.3 General Imaging
13 Global AI-Enabled Medical Imaging Solutions Market (by Region)
13.1 Overview
13.2 North America
13.3 Europe
13.4 Asia-Pacific
13.5 Rest-of-the-World (RoW)
14 Company Profiles
14.1 Overview
14.2 Agfa-Gevaert Group
14.3 Butterfly Network, Inc.
14.4 Fujifilm Holdings Corporation
14.5 General Electric Company
14.6 Hyperfine
14.7 Hologic, Inc.
14.8 Koninklije Philips N.V.
14.9 Nanox
14.1 Siemens Healthineers AG
14.11 Aidoc
14.12 Arterys Inc.
14.13 Beijing Infervision Technology Co., Ltd.
14.14 Blackford Analysis Limited
14.15 Eureka Clinical AI, formerly known as EnvoyAI
14.16 iCAD, Inc.
14.17 MIRADA MEDICAL LIMITED
14.18 Nuance Communications, Inc.
14.19 NVIDIA Corporation
14.2 Synopsys, Inc.
14.21 VUNO lnc.
14.22 Zebra Medical Vision, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/bclmf4
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Artificial Intelligence
Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website
LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.
“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
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Artificial Intelligence
WIO Taps Gracenote to Revolutionize Television Broadcast Reporting
LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.
By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
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Artificial Intelligence
IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility
BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.
Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com.
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