According to the research report titled ‘Global AI-Based Medical Imaging Market - Analysis By Image Acquisition Technology, Application, End-User, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, global AI-based medical imaging market, which was valued at USD 764.44 million in 2021, is expected to observe significant growth through 2027.

The rising prevalence of chronic diseases, increasing geriatric population, technological breakthroughs in medical diagnosis, growing demand for AI tools, mounting number of cross-industry collaborations and partnerships, and the influx of large and complex datasets are some of the primary factors driving the expansion of global AI-based medical imaging market.

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In addition, rising health care expenditure by governments and individuals worldwide is stimulating the overall industry growth as well.

This research report elaborates on the major development trends and challenges prevailing in this business sphere. The document also offers a comparative assessment of the past and the present market trends to understand the growth trajectory of this business vertical.

The COVID-19 outbreak paved the way for additional growth for global AI-based medical imaging market on account of the growing demand for imaging tests such as CT scans, MRIs, and ultrasounds during the pandemic to detect chest infections among patients.

Moreover, the popularity of portable ultrasound devices has been increasing rapidly off late, with government agencies made substantial investments in these systems to reduce the COVID 19 outbreak. Besides, AI-based ultrasound testing are known to offer quicker contactless diagnosis methods, which lowers the viral transmission rate, and thus contributing towards the overall market remuneration.

Based on the image acquisition technology, the market is divided into CT scans, MRI, ultrasound, X-ray, and others.

Moving on to the application spectrum, this business space is bifurcated into cardiovascular, oncology, respiratory system, neurology, and others.

In terms of end-user landscape, the industry is fragmented into clinics, hospitals, and others.

From the regional point of view, Asia Pacific market is projected to grow exponentially through the forecast period owing to the increasing prevalence of chronic diseases, rising population, and rapidly growing healthcare infrastructure in countries such as China, India, and South Korea.

Arterys, Lunit, Nano-X, Hologic Inc., Siemens Healthineers AG, Butterfly Network, Koninklijke Philips N.V., GE Healthcare, and IBM Watson Health are the major companies influencing global AI-based medical imaging market trends.