Computer Vision in Healthcare Market Reaching at US$ 1,457 Million by 2023 Study by Basler AG (Germany), Arterys (US), AiCure (US) and iCAD Inc. (US) Companies

Computer Vision in Healthcare Market Reaching at US$ 1,457 Million by 2023 Study by Basler AG (Germany), Arterys (US), AiCure (US) and iCAD Inc. (US) Companies

Computer vision in healthcare market dominated by application, divided into medical imaging & diagnostics, surgeries, & applications. Medical imaging & diagnostics segment accounted for largest share of market in 2018.

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 system includes multiple components: floor plan parsing and path planning for scene modeling, deep learning for place recognition, image indexing for initial localization, 3D vision for position refinement, and portable user interfaces.

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Report focuses on Computer Vision in Healthcare Market to assist visually impaired people to navigate in an indoor environment. First, the problem is defined in terms of tasks, sensors, devices, and the performance requirements (real-time, accuracy, and robustness). Factors such as 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 are expected to drive the growth of this market.

Recent Developments

  • In 2018, NVIDIA partnered with King’s College London, a leader in medical research. King’s College London is Europe’s first clinical partner to adopt NVIDIA DGX-2 and the NVIDIA Clara platform. King’s College deployed NVIDIA AI solutions to rethink the practice of radiology and pathology in a quest to better serve 8 million patients in the UK’s National Health Service.
  • In 2018, Intel collaborated with Novartis on the use of deep neural networks (DNN) to accelerate high content screening—a key element of early drug discovery.
  • In 2018, IBM collaborated with NVIDIA to incorporate the RAPIDS open source software into its enterprise-grade data science platform for on-premise, hybrid, and multi-cloud environments.

Computer vision in healthcare market is segmented into healthcare providers, diagnostic centers, and other end users. In 2018, healthcare providers segment accounted for the largest share of the computer vision in healthcare market. Factors like growing adoption of these solutions in hospitals and the increasing focus of companies on developing AI and computer vision tools to improve hospital operations are driving the growth of this end-user segment.

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Computer vision in healthcare market is segmented into healthcare providers, diagnostic centers, and other end users. In 2018, the healthcare providers segment accounted for the largest share of the computer vision in healthcare market. Factors such as the growing adoption of these solutions in hospitals and the increasing focus of companies on developing AI and computer vision tools to improve hospital operations are driving the growth of this end-user segment.

North America accounted for the largest share of the computer vision in healthcare market. This market is also expected to grow at the highest CAGR during the forecast period. The increasing number of imaging procedures for disease diagnosis is a major factor driving market growth.

Computer vision in healthcare market dominates the medical imaging, surgery applications with playing important role in Health Care Provider, Diagnostic Center end users. Prominent players in computer vision in healthcare market are 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).

More Details on “Computer Vision in Healthcare Market by Product & Service (Software (On premise, Cloud), Hardware (CPU, GPU, FPGA, ASICs), Memory, Network), Application (Medical Imaging, Surgery), & End User (Health Care Provider, Diagnostic Center) – Forecasts to 2023” at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1902246 .

Computer vision in healthcare market is dominated by North America, followed by Europe, Asia, and the RoW. The market in North America is also expected to witness the highest growth during the forecast period. The high growth of the North American market can be attributed to the increasing number of imaging procedures for disease diagnosis, growing adoption of personalized medicine, and growing government initiatives for the adoption of AI-based solutions in healthcare.

The primary interviews conducted for this report can be categorized as follows:

  • By Company Type: Tier 1: 37%, Tier 2: 22%,and Tier 3: 41%
  • By Designation: C-level: 25%, D-level: 20%, and Others: 55%
  • By Region: North America: 40%, Europe: 27%, Asia: 20%, and the RoW: 13%

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