Computer Vision in Healthcare Market is Expected to Reach $11.5 billion | MarketsandMarkets™

Chicago, May 22, 2024 (GLOBE NEWSWIRE) -- Computer Vision in Healthcare market in terms of revenue was estimated to be worth $3.9 billion in 2024 and is poised to reach $11.5 billion by 2029, growing at a CAGR of 24.0% from 2024 to 2029 according to a latest report published by MarketsandMarkets™.

Market growth is propelled by convergence of technological innovation, growing healthcare demands, regulatory support, and the imperative for more efficient and effective healthcare solutions. Nonetheless, concerns regarding data privacy, security, and regulatory compliance pose significant barriers to the deployment of computer vision solutions in healthcare settings which hinders market expansion throughout the forecast period.

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Computer Vision in Healthcare Market Scope:

Report Coverage	Details
Market Revenue in 2024	$3.9 billion
Estimated Value by 2029	$11.5 billion
Growth Rate	Poised to grow at a CAGR of 24.0%
Market Size Available for	2018–2029
Forecast Period	2024–2029
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product & Service, Type, Applications, End User
Geographies Covered	North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Report Highlights	Updated financial information / product portfolio of players
Key Market Opportunity	Computer vision solutions for healthcare that are hosted in the cloud
Key Market Driver	The healthcare sector is experiencing a growing need for computer vision systems

This report provides segmentation of the computer vision in healthcare market based on product & service, type, application, end user, and region.

The largest segment in the computer vision in healthcare market, based on product & service, is expected to be the software segment. The dominance of software in the computer vision healthcare market can be attributed to its critical role as the foundation for developing, deploying, and integrating advanced analytics and algorithms into clinical practice. As the demand for innovative healthcare solutions continues to grow, software-based computer vision technologies are poised to play an increasingly pivotal role in transforming patient care and driving improvements in healthcare delivery and outcomes.

The healthcare providers segment secured the most significant share in the computer vision in healthcare market based on end users. This dominance is due to its essential role in clinical care delivery, diagnostic imaging, operational efficiency improvement, remote patient monitoring, and research and development activities. As the demand for innovative healthcare solutions continues to grow, healthcare providers will remain at the forefront of adopting and leveraging computer vision technologies to improve patient care and enhance healthcare outcomes.

Furthermore, prospective growth opportunities for participants in the computer vision in healthcare market are anticipated in emerging Asian markets, notably China and India. The expansion in the APAC region is primarily propelled by factors such as increasing healthcare expenditure, rising chronic disease burden, advancements in healthcare IT, improving access to healthcare services, growing research and development activities, and government support initiatives. As these trends continue, the adoption of computer vision technologies is expected to accelerate, driving further growth and innovation in the healthcare sector across the Asia-Pacific region.

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Prominent Players of Computer Vision in Healthcare Market

• NVIDIA Corporation (US)
• Intel Corporation (US)
• Microsoft Corporation (US)
• Advanced Micro Devices, Inc. (US)
• Google, Inc. (US)
• Basler AG (Germany)
• AiCure (US)
• iCAD, Inc. (US)
• Thermo Fisher Scientific Inc. (US)
• SenseTime (China)
• KEYENCE CORPORATION (Japan)
• Assert AI (India)
• Artisight (US)
• LookDeep Inc. (US)
• care.ai (US)
• CareView Communications (US)
• VirtuSense (US)
• Teton (Denmark)
• viso.ai (Switzerland)
• NANO-X IMAGING LTD. (Israel)
• Comofi Medtech Pvt. Ltd. (India)
• Avidtechvision (India)
• Roboflow, Inc. (US)
• Optotune (US)
• CureMetrix, Inc. (US)
• and Among others

The study categorizes computer vision in healthcare market based on product & service, type, application, end user at the regional and global levels.

Computer Vision in Healthcare Market, by Segment

Computer Vision in Healthcare Market, By Product & Service

• Software
  • On Premise Solutions
  • Cloud Based Solutions
• Hardware
  • Processors
    • CPUs
    • GPUs
    • FPGAs
    • ASICs
    • VPUs
  • Memory Devices
  • Network
  • Services

Computer Vision in Healthcare Market, By Type

• Smart Camera Based Computer Vision Systems
• PC Based Computer Vision Systems

Computer Vision in Healthcare Market, By Application

• Medical Imaging & Diagnostics
• Surgeries
• Hospital Management
  • Patient/Provider Tracking
  • Scheduling Optimization
  • Inventory Management
  • Patient Activity Monitoring/Fall Prevention
• Other Applications

Computer Vision in Healthcare Market, By End User

• Healthcare Providers
• Diagnostic Centers
• Other End Users

Global Computer Vision in Healthcare Market, by Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • RoE
• Asia Pacific
  • Japan
  • China
  • India
  • RoAPAC
• Latin America
  • Brazil
  • Mexico
  • RoLATAM
• Middle East & Africa
  • GCC
  • RoMEA

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Key Market Stakeholders:

• CV software and service providers
• Healthcare providers
• AI solution providers
• AI platform providers
• Business providers
• Professional service/solution providers
• Research organizations
• Technology standard organizations, forums, alliances, and associations
• Technology investors
• Venture capitalists

Report Objectives:

• To define, describe, and forecast the global computer vision in healthcare market by product & service, type, application, end user, and region
• To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, opportunities, and challenges)
• To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall computer vision in healthcare market
• To assess the computer vision in healthcare market with regard to Porter’s Five Forces, regulatory landscape, value chain, ecosystem map, patent protection and key stakeholder’s buying criteria
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the size of the computer vision in heathcare market with respect to five main regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
• To profile the key players in the computer vision in heathcare market and comprehensively analyze their core competencies and market shares
• To track and analyze competitive developments such as agreements, partnerships, and acquisitions; expansions; product launches and enhancements; and R&D activities in the computer vision in healthcare market.

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