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Global AI Powered X-Ray Imaging Market Size, Trends, and Analysis - Forecasts To 2026 By Portability (Stationary AI-Powered X-Ray Imaging Devices, Portable AI-Powered X-Ray Imaging Devices), By Applications (General Radiology, Dental Application, Mammography, Fluoroscopy, Others), By End-User (Hospitals, Diagnostic Imaging Centers, and Research Institutes & Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
AI-Powered X-Ray Imaging is an artificial technology used in the analysis and interpretation of X-Ray films, especially in emergency rooms. The X-ray imaging process is one of the vital parts of the medical and life science field since its development. It aids in the proper treatment and curation of a medical condition. AI-powered X-ray Imaging enables not only a faster turnover time but also leads to a hike in overall productivity. AI-powered X-ray Imaging also aids in medical history storage due to its properties, thereby enabling users to access a patient's history faster. This also aids in curating proper treatment and overall cost and time efficiency for both patients and diagnostic institutes. Such techniques are highly used in the fields of life science, medical research, amongst other industries. The rise in population worldwide and the increase in chronic illness amongst the population has led to the hike in market demand for imaging procedures that use x-ray imaging systems during the forecasted period. Many countries have a larger share of the population above the age of 60, who are more prone to chronic illness which requires surgeries like bariatric surgery, general surgery, gynaecological surgery, urological surgery, colorectal surgery, pediatric surgeries amongst others whereas, usage of AI-powered X-ray imaging makes such surgeries tranquil. Moreover, AI-powered X-ray imaging equipment is also used to detect a wide range of early-stage disease/ disorder diagnoses such as fractures, early stages of arthritis, differential cancers, and unknown infection. Therefore, rising prevalence of these diseases and disorders will definitely impact the market growth positively.
The COVID-19 pandemic has highly impacted the healthcare industry, during which AI-powered X-Ray imaging equipment has been preferred by most healthcare professionals, as it provides a quicker result of the crucial diagnosis. Therefore, the market for AI-powered X-ray Imaging is expected to propel. Due to its functionality, the AI-powered X-ray Imaging is under constant research and development phase. Its advantages over cons have made it a desirable tool amongst medical professionals thereby expanding the market from 2021 to 2026.
The market for AI-powered X-ray imaging is bifurcated into stationary AI-powered X-ray imaging devices and, portable AI-powered X-ray imaging devices according to portability analysis. According to this segmentation, Stationary AI-powered X-ray imaging devices are the most commonly used technique by its end users like life science, research, and academic studies. This is because this tool provides all the necessities required for both medical staff and patients in one place. AI-Powered X-Ray imaging enables not only a faster turnover time but also leads to a hike in overall productivity. AI-Powered X-Ray imaging also aids in medical history storage due to its properties, thereby enabling users to access a patient's history faster. This also aids in curating proper treatment and overall cost and time efficiency for both patients and diagnostic institutes.
The application analysis bifurcates the AI-powered X-ray imaging market into general radiology, dental application, mammography, fluoroscopy, others. According to the application analysis, the general radiology segment is expected to dominate the highest market revenue in the duration of the forecasted period. This is mainly due to the rise in detecting a wide range of diagnoses such as fractures, arthritis, differential cancers, and infection which uses x-ray imaging device. Therefore, rising prevalence of these diseases and disorders will definitely impact the market growth positively. The rising demand for personalized or precision medicines, which are considered as alternative diagnostic and treatment procedures limited to a specific patient in order to enhance and optimize the drug delivery and turnover, will likely help the market grow rapidly. This is so because the entire procedure requires skills to analyze a large number of heterogeneous patient data where the role of artificial intelligence along with medical imaging plays a crucial part.
The End-User analysis bifurcates the AI-powered X-ray imaging market hospitals, diagnostic centers, others. The largest sales shareholder was the hospitals' segment mainly due to the real-time handling of emergencies that could occur with patients admitted in hospitals. As a larger share of the population above the age of 60, are more prone to chronic illness require image-guided surgeries. Moreover, the COVID-19 pandemic has highly impacted the healthcare industry, during which AI-powered X-ray imaging equipment has been preferred by most healthcare professionals, as it provides a quicker result of the crucial diagnosis.
The regional analysis for the market of AI-powered X-ray imaging is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East. The regional analysis has estimated that the growth of the Asia Pacific region will be the fastest during the forecasted duration. Varied factors contribute to said growth like, rise in health awareness especially in counties with a growing population like China and India, key development and investment push in medical and pharmaceutical research in countries like Japan and South Korea, and government support and schemes in India has caused the Asia Pacific to drive the demand for AI-powered X-ray imaging market. Due to its functionality, AI-powered X-ray imaging is under constant research and development. Its advantages over cons have made it a desirable tool amongst medical professionals thereby expanding the market in the period forecasted.
Various competitors in the AI-powered X-ray imaging market include vendors Siemens Healthineers AG., Agfa - Gevart Group, Hologic, Inc., General Electric Company, Fujifilm Holdings Corporation, iCAD, Inc., Nuance Communications, Inc., Koninklijke Philips N.V., Synopsys Inc., Nanox, Butterfly Network, Inc., Arterys Inc, Ltd., Blackford Analysis Limited, Beijing Infervision Technology Co., MIRADA MEDICAL LIMITED, VUNO Inc., Zebra Medical Vision, Inc. amongst others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global AI Powered X-Ray Imaging Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the AI Powered X-Ray Imaging Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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