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  • Computer Vision in Healthcare Market to Set Grow at 47.2% CAGR and Projected to Reach USD 1,457 Million by 2023 Dominated by Artificial Intelligence, Big Data, Healthcare IT Technologies

    (I-SoftwareNews.Com, March 26, 2019 ) 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). 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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    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. 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.



    Based on end user, the 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. However, the reluctance of medical practitioners to adopt AI-based technologies and lack of awareness and technical knowledge are expected to restrain market growth to a certain extent 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.



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    The 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.



    List of Companies Profiled in the Report

    • NVIDIA Corporation (US)

    • Microsoft (US)

    • Intel Corporation (US)

    • Xilinx Inc. (US)

    • IBM (US)

    • Google (US)

    • Basler AG (Germany)

    • Arterys (US)

    • AiCure (US)

    • iCAD Inc. (US)



    Download Complete Report Now 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/purchase.aspx?name=1902246 .



    The 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%



    Report provides a picture of the global computer vision in healthcare market. It aims at estimating the size and future growth potential of the market across different segments, such as product & service, application, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of key market players, along with their company profiles, recent developments, and key market strategies.

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