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Computer Vision in Healthcare Market to Project Lucrative CAGR of 47.3% from 2020-2027 | Market Research Future (MRFR)

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Pune, India, June 09, 2021 (GLOBE NEWSWIRE) — Computer Vision in Healthcare Market Overview:

According to Market Research Future, the Global Computer Vision in Healthcare Market accounted for USD 276.54 Million in 2019 and is estimated to grow at a CAGR of 47.3% from 2020 to 2027.

Artificial intelligence is now part of about every discussion in present times. Government policies to accelerate the implementation of AI-based technology, rising demand for computer vision solutions in the healthcare sector, big data in healthcare, and the application of computer vision in precision medicine are all driving the computer vision in healthcare market. Computer vision, one of the most important subfields of AI, has recently erupted in terms of innovations. Computer vision is one of the most rapidly growing AI areas today, with the ability to serve a wide range of applications and have life-saving capabilities to patients. Computer vision is also aiding a growing number of doctors in properly diagnosing their patients, tracking illness progression, and prescribing appropriate therapies. It is being used to teach machines to mimic human vision in order to understand things in front of them, not only to save time on repetitive tasks. Computer vision employs visual recognition algorithms in order to provide quicker and more precise diagnosis. The computer vision technique has been used in a variety of surgeries and illness diagnoses, including respiratory illnesses and cancer.

Artificial intelligence (AI) is trending and top-of-mind for healthcare policy makers, policymakers, developers, and innovators in the European Union and the Americas, according to EIT Health. In countries as diverse as Finland, Germany, the United Kingdom, Israel, China, and the United States, a growing number of governments have laid out aspirations for AI in healthcare, and many are spending heavily in AI-related science. Furthermore, the market is growing as a result of key players’ rising growth strategies. The medical uses of technology can work by expanding existing ways of doing it and introducing a degree of innovative thought and creativity to the mix. The market is expected to grow due to rising demand for computer vision in the healthcare industry, government policies to expand the use of AI-based technology, extensive expertise of health care, and the use of laptop vision in precise medicine.

However, market development is projected to be limited to some degree due to a lack of understanding and technological expertise.

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Computer Vision in Healthcare Market Competitive Landscape

  • Microsoft (US)
  • NVIDIA (US)
  • Intel (US)
  • Xilinx (US)
  • IBM (US)
  • Google LLC (A Subsidiary of Alphabet, Inc.) (US)
  • Basler AG (Germany)
  • Arterys, Inc. (US)
  • AiCure (US)
  • iCAD, Inc. (US)

The firms are concentrating on securing well-established regional footprints as well as agreements with big OEMs and ODMs. In the computer vision industry, the main players are still concentrating on developing new AI products. Furthermore, leading players are primarily focused on implementing organic development initiatives in order to sustain their market share. 

Computer Vision in Healthcare Market Segmental Analysis

By Product & Service, the market has been segmented into software, hardware, and services. Due to the growing acceptance of healthcare IT in hospitals, the tech segment accounted for the largest share of the market in 2019. Software technologies that digitalize healthcare and incorporate artificial intelligence assist healthcare organisations in overcoming the complexities of staffing shortages and rising imaging scan volumes. Due to the demand for AI-infused healthcare in precision medicine, as well as increased government efforts to raise awareness about healthcare IT, hardware accounts for the second-largest share.

By application, the market has been segmented into medica imaging and diagnostics, surgeries, and others. In 2019, the medical imaging and diagnostics division had the highest market share. During the forecast period, this segment is also expected to expand the most. The benefits of using computer vision for medical imaging and diagnostics, such as improved accuracy, quality, and predictability, as well as early detection of certain diseases, are propelling the medical imaging and diagnostics segment forward. Since computer vision has been used in numerous surgeries and therapies for various disorders, the surgeries segment is expected to account for the largest market share over the review period. They’re also being used by hospitals to track how much blood is lost during operations, including C-sections.

Browse In-depth Market Research Report (90 pages) on Computer Vision in Healthcare: https://www.marketresearchfuture.com/reports/computer-vision-healthcare-market-10313

By end-use, the market has been segmented into healthcare providers, diagnostic centers, and others. In 2019, the healthcare providers segment had the largest market share, and it is expected to rise at the fastest pace over the forecast period. The increasing adoption of computer vision solutions in hospitals, as well as companies’ increased emphasis on improving AI and computer vision tools to optimise hospital operations, are the major factors driving this end-user segment’s development. Owing to the the ageing demographic and the potential of Computer Vision in Healthcare in the diagnosis of coronary heart disease and cancer, diagnostic centres are expected to account for the highest market share during the review period.

Regional Overview

The Americas led the computer vision in healthcare industry in 2019, owing to an increase in the number of people suffering from chronic diseases and other cardiovascular conditions, as well as the increasing use of computer vision in healthcare for disease diagnosis. Computer vision programme is being equipped to look for muscle, lung, and liver anomalies. This cuts down on the amount of time radiologists spend scanning patients. The increasing number of imaging procedures for cancer detection, the introduction of personalised medicine, and rising government initiatives for the use of AI-based technologies in healthcare are all contributing to the North American market’s rapid growth.

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Europe is expected to have the second-largest share. The country’s tremendous rise can be due to the increasing number of cancer cases and computer vision’s capacity to diagnose cancer. Computer vision has a lot of promise in terms of identifying precancerous lesions, increasing the sensitivity of cancer screening tests and allowing for more effective and prompter care.

Due to rising per-capita healthcare expenditures, increased imaging and healthcare infrastructure such as cardiac institutes and hospitals, and rapid urbanisation in developing countries such as India, Asia Pacific is expected to grow at a significant rate over the forecast period.

The Middle East and Africa region’s demand is increasing due to improving healthcare facilities and expanding new product choices for an ageing population.

Discover more research Reports on Healthcare Industry by Market Research Future:

Healthcare Big Data Analytics Market Research Report: By Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, and Others), Product (Hardware, Software, and Service), Application (Financial Analytics, Clinical Analytics, Operational & Administrative Analytics, Population Health Analytics, and Others), Mode of Delivery (On-Premise Model, Cloud-Based Model), End User  (Healthcare Provider, Pharmaceutical Industry, Biotechnology Industry, Academic Organizations, and Others), and Region (Americas, Europe, Asia-Pacific, and Middle East & Africa)—Global Forecast till 2027

Patient Registry Software Market: Information by Type of Registry (Disease Registries, Health Service Registries, Product Registries and others), Functionality (Population Health Management (PHM), Patient Care Management, Health Information Exchange (HIE) and others), Deployment Model (On-Premise and Cloud), End-User (Hospitals and Clinics, Government Organizations & Research Centers and Others) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) – Forecast till 2025

Blockchain Technology in Healthcare Market: Information by Application (Patient Data Management, Drug Traceability, and others), Type (Permissioned Blockchains, and others), End-User (Pharmaceutical companies and Others) — Global Forecast till 2027

Healthcare Asset Management Market: Information, Product (Radiofrequency Identification (RFID) Devices, and Others), Application (Hospital Asset Management and Others), End-User (Hospital, Laboratory, Pharmaceutical, and Others)–Global Forecast Till 2027

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms

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MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.

SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]

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Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow

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Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.

Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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ScreenPoint Medical Leadership Transition: Pieter Kroese Confirmed as CEO

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Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.

 
 
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.” 
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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