Computer Vision in Healthcare Market
Computer Vision in Healthcare Market Size, Share & Trends Analysis Report by Type (Hardware, Software, and Services), by Application (Medical Imaging & Diagnostics, Surgeries, Patient Monitoring, and Others), and by End User (Healthcare Providers, Diagnostic Centers, Academic Research Institutes, and Others) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Computer vision in the healthcare market is anticipated to grow at a CAGR of 43.2% during the forecast period (2023-2030). Computer vision has a wide range of applications in healthcare such as diagnostic imaging, pathology, surgical procedures, patient monitoring, drug discovery, and telemedicine, among others. Usage of computer vision reduces the chances of errors and improves speed, and accuracy of disease diagnosis, surgical interventions, and remote patient assessments, ultimately leading to enhanced healthcare outcomes. The growth of computer vision technology in the healthcare industry is driven by the growing amount of medical imaging data, the growing demand for telemedicine, and the R&D in AI and machine learning (ML).
Apart from this, the growing demand for cost-effective solutions, decreased medical errors, and the growing support of regulatory authorities, such as FDA approvals, are all driving its adoption. These combined elements play a crucial role in enhancing patient care and streamlining the efficiency of the healthcare system.
Segmental Outlook
The global computer vision in healthcare market is segmented based on the type, application, and end user. Based on type, the market is sub-segmented into software, hardware, and services. Based on application, the market is sub-segmented into medical imaging & diagnostics, surgeries, patient monitoring, and other applications such as drug discovery, patient education, and rehabilitation. Based on end users, the market is sub-segmented into healthcare providers, diagnostic centers, academic research institutes, and other such as pharmaceutical companies, and medical device companies. Among the end users, the demand for computer vision-based solutions in the pharmaceutical industry. In pharmaceutical manufacturing, computer vision can be used for multiple applications such as quality inspection of a product, packaging detection, classification of imprinted pharmaceutical labels, and cleaning inspections. Getting stringent FDA regulations to maintain and improve product quality, the continuous growth of the pharmaceutical industry, and growing support from regulators for the inclusion of new technologies such as AI/ML in the manufacturing processes are driving demand for computer vision technology in the pharmaceutical industry. Considering growing demand and use cases, technology companies are also focusing on products related to the pharmaceutical industry. For instance, a company named viso.ai provides a computer vision platform named Viso Suite for pharmaceutical manufacturers to improve production efficiency and accuracy.
The Demand for Computer Vision-Based Medical Devices is Expected to Grow Significantly
Among the type, the medical devices sub-segment is anticipated to hold a prominent share of the market. Computer vision-based medical devices have a wide range of applications across healthcare, significantly enhancing patient care and diagnostic accuracy. They are used in diagnostic imaging, pathology analysis, and surgical precision, ensuring better and more precise medical assessments & treatments. Apart from this, these devices are used for remote patient monitoring, telemedicine consultations, medication management, fall detection, dental imaging, and ophthalmology assessments, all of which collectively contribute to the efficiency and effectiveness of healthcare services. Growing demand for personalized devices, technological advancements in the medical devices industry, and growing regulatory support are driving demand for computer vision-based medical devices.
Regional Outlook
The global Computer vision in the healthcare market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America to hold a considerable share in the market due to factors such as better accessibility of healthcare, the significant presence of market leaders in end-user industries. Furthermore, the growing investments in advanced technologies such as AI/ML, technological advancements. According to the Advanced Medical Technology Association, The U.S. is the largest medical device market in the world, comprising over 40% of the global MedTech market. Additionally, the region has a significant presence of AI/ML market leaders such as Google LLC, Intel Corporation, Landing AI, and Viz.ai also help to grow the regional computer vision-based healthcare solutions market.
Global Computer Vision in Healthcare Market Growth by Region 2023-2030
The Asia-Pacific Region is Expected to Grow Significantly in the Global Computer Vision in Healthcare Market
Asia-Pacific region holds 60% of the global population, according to the International Monetary Fund. With a majority share of the global population, which is growing significantly, the regional governments are focusing on improving healthcare systems by introducing better policies, investments, and the inclusion of advanced technologies such as AI/ML to improve healthcare efficiency. Additionally, the major regional economies are also introducing policies to promote end-user industries such as medical devices, and hospitals industry. For instance, In July 2022, the government of India tabled a draft for the new Drugs, Medical Devices and Cosmetics Bill 2022, to assure and offer thorough legal protections to ensure that the medical items sold in India are reliable, efficient, and up to required standards. These initiatives are also helping regional companies such as SigTuple, and Qure.ai to stay competitive in the international market.
Market Players Outlook
The major companies serving the global computer vision-based solutions in healthcare includes Enlitic, Inc., Caption Health, Inc., Infervision Medical Technology Co., Ltd., and Medtronic, plc among others. Companies are adopting strategies such as mergers and acquisitions, and product portfolio expansion to stay competitive. For instance, in January 2022, DarioHealth Corp. acquired Physimax Technologies Ltd. Physimax Technologies is a provider of computer vision technology utilized for Musculoskeletal (MSK) functional screening and predictive risk assessment of injuries. This technology is currently in commercial use by various organizations, including NBA and NFL teams, the US military, and healthcare facilities specializing in orthopedic care.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global computer vision in the healthcare market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Arterys, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Google LLC
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Intel Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Invicro, LLC.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Computer Vision In Healthcare Market by Type
4.1.1. Hardware
4.1.2. Software
4.1.3. Services
4.2. Global Computer Vision in Healthcare Market by Application
4.2.1. Medical Imaging & Diagnostics
4.2.2. Surgeries
4.2.3. Patient Monitoring
4.2.4. Other (Drug Discovery, Patient Education, and Rehabilitation)
4.3. Global Computer Vision in Healthcare Market by End User
4.3.1. Healthcare Providers
4.3.2. Diagnostic Centers
4.3.3. Academic Research Institutes
4.3.4. Others (Pharmaceutical Companies, Medical Device Companies)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AiCure
6.2. Behold.ai Technologies Ltd.
6.3. Caption Health, Inc. (a subsidiary of GE Healthcare)
6.4. Enlitic, Inc.
6.5. iCAD, Inc.
6.6. Infervision Medical Technology Co., Ltd.
6.7. Kheiron Medical Technologies Ltd.
6.8. Lunit Inc.
6.9. Medtronic, plc
6.10. Merative L.P.
6.11. Microsoft Corp.
6.12. Nuance Communications, Inc.
6.13. NVIDIA Corp.
6.14. Paige AI, Inc.
6.15. Prospectus Ltd
6.16. Quantib B.V.
6.17. Rad AI
6.18. Siemens Healthineers
1. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
2. GLOBAL HARDWARE IN COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL SOFTWARE IN COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL SERVICES IN COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
6. COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION FOR MEDICAL IMAGING & DIAGNOSTICS, 2022-2030 ($ MILLION)
7. COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION FOR SURGERIES, 2022-2030 ($ MILLION)
8. COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION FOR PATIENT MONITORING, 2022-2030 ($ MILLION)
9. COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION FOR OTHER APPLICATIONS, 2022-2030 ($ MILLION)
10. COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION FOR OTHER APPLICATIONS, 2022-2030 ($ MILLION)
11. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
12. GLOBAL COMPUTER VISION IN HEALTHCARE FOR MARKET RESEARCH AND ANALYSIS BY REGION FOR HEALTHCARE PROVIDERS, 2022-2030 ($ MILLION)
13. GLOBAL COMPUTER VISION IN HEALTHCARE FOR MARKET RESEARCH AND ANALYSIS BY REGION FOR DIAGNOSTIC CENTRES, 2022-2030 ($ MILLION)
14. GLOBAL COMPUTER VISION IN HEALTHCARE FOR MARKET RESEARCH AND ANALYSIS BY REGION FOR ACADEMIC RESEARCH INSTITUTES, 2022-2030 ($ MILLION)
15. GLOBAL COMPUTER VISION IN HEALTHCARE FOR MARKET RESEARCH AND ANALYSIS BY REGION FOR OTHER END USERS, 2022-2030 ($ MILLION)
16. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. NORTH AMERICAN COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
18. NORTH AMERICAN COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
19. NORTH AMERICAN COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
20. NORTH AMERICAN COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
21. EUROPEAN COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
22. EUROPEAN COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
23. EUROPEAN COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
24. EUROPEAN COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
25. ASIA-PACIFIC COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
26. ASIA-PACIFIC COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
27. ASIA- PACIFIC COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
28. ASIA- PACIFIC COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
29. REST OF THE WORLD COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
30. REST OF THE WORLD COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
31. REST OF THE WORLD COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
1. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022 VS 2030 (%)
2. GLOBAL HARDWARE-BASED COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL SOFTWARE-BASED COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS. 2030 (%)
4. GLOBAL SERVICES-BASED COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS. 2030 (%)
5. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022 VS 2030 (%)
6. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION FOR MEDICAL IMAGING & DIAGNOSTICS, 2022 VS 2030 (%)
7. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION FOR SURGERIES, 2022 VS 2030 (%)
8. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION FOR PATIENT MONITORING, 2022 VS 2030 (%)
9. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION
10. FOR OTHER APPLICATIONS, 2022 VS 2030 (%)
11. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY END USER, 2022 VS 2030 (%)
12. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION FOR HEALTHCARE PROVIDERS, 2022 VS 2030 (%)
13. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION FOR DIAGNOSTIC CENTRES, 2022 VS 2030 (%)
14. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION FOR ACADEMIC RESEARCH INSTITUTES, 2022 VS 2030 (%)
15. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION FOR OTHER END USERS, 2022 VS 2030 (%)
16. GLOBAL COMPUTER VISION IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
17. US COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
18. CANADA COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
19. UK COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
20. FRANCE COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
21. GERMANY COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
22. ITALY COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
23. SPAIN COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
24. REST OF EUROPE COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
25. INDIA COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
26. CHINA COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
27. JAPAN COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
28. SOUTH KOREA COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
29. REST OF ASIA-PACIFIC COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
30. REST OF THE WORLD COMPUTER VISION IN HEALTHCARE MARKET SIZE, 2022-2030 ($ MILLION)
