Computer Vision Healthcare Market Overview:
The computer vision in healthcare market is projected to reach USD 1,457 million by 2023 from USD 210 million in 2018, at a CAGR of 47.2% during the forecast period. The growth of this market is mainly driven by the increasing demand for computer vision systems in the healthcare industry, government initiatives to increase the adoption of AI-based technologies, big data in healthcare, and the use of computer vision in precision medicine.
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Medical imaging & diagnostics segment to grow at the highest CAGR in the computer vision in healthcare market during the forecast period
Based on application, the computer vision in healthcare market is segmented into medical imaging & diagnostics, surgeries, and other applications. The medical imaging & diagnostics segment is expected to grow at the highest CAGR during the forecast period market. The advantages of using computer vision for medical imaging & diagnostics, such as an increase in quality, accuracy, and predictability and early detection of certain diseases are driving the growth of the medical imaging & diagnostics segment.
Medical imaging & diagnostics applications to register the highest growth in the computer vision in healthcare market during the forecast period
The computer vision in healthcare market, by application, is segmented into medical imaging & diagnostics, surgeries, and other applications. The medical imaging & diagnostics segment accounted for the largest share of the market in 2018. This segment is also projected to witness the highest growth during the forecast period. The advantages of using computer vision for medical imaging & diagnostics, such as an increase in quality, accuracy, and predictability and early detection of certain diseases are driving the growth of the medical imaging & diagnostics segment.
Healthcare providers are the largest end users of the computer vision in healthcare market
On the basis of end user, the market is segmented into healthcare providers, diagnostic centers, and other end users. The healthcare providers segment accounted for the largest market share in 2018 and is projected to register the highest growth rate during the forecast period. The growing adoption of computer vision solutions in hospitals and the increasing focus of companies on developing AI and computer vision tools to improve hospital operations are the major factors driving the growth of this end-user segment.
The computer vision in healthcare market is highly competitive in nature, with several big as well as emerging players. Prominent players in this market include NVIDIA Corporation (US), Microsoft (US), Intel Corporation (US), Xilinx Inc. (US), IBM (US), Google (US), Basler AG (Germany), Arterys (US), AiCure (US), and iCAD Inc. (US).
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