USD 1.31 Billion
Global Computer Vision in Healthcare Market Size, Share, Growth Analysis, By Components(Hardware and Software), By Product(Smart Camera-based and PC-based), By Application(Quality Assurance and Inspection, Positioning and Guidance), By Vertical(Industrial and Non-industrial) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2850 |
Region:
Global |
Published Date: April, 2024
Pages:
216
|
Tables:
114 |
Figures:
79
Global Computer Vision in Healthcare Market Insights
Global Computer Vision in Healthcare Market size was valued at USD 1.31 Billion in 2022 and is poised to grow from USD 1.77 Billion in 2023 to USD 19.77 Billion by 2031, growing at a CAGR of 35.2% in the forecast period (2024-2031).
Healthcare professionals can analyze health and wellness data through computer vision technology, empowering patients to make more informed medical decisions more quickly. In modern healthcare settings, computer vision is used to measure blood loss during surgery, especially C-sections. This ability to rapidly intervene is critical in an emergency when blood volume loss reaches critical levels. Furthermore, the versatility of computer vision extends to measuring body fat percentage using images captured by conventional cameras. This versatile technology shows the potential to improve clinical decision-making and contribute to comprehensive health care assessments.
Deep learning-based techniques, such as convolutional neural networks (CNNs) and recurrent neural networks (RNNs) dominate the development of computer vision solutions in healthcare. Continuous advances in computer vision algorithms, imaging techniques, and AI technologies are driving innovation in the healthcare industry. These developments are enabling sophisticated computer vision solutions capable of analyzing complex medical images, detecting abnormalities, and helping healthcare professionals make medical decisions.
The growing need to automate healthcare systems, simplify workflows and reduce manual processes drives computer vision automated solutions for practices including radiology, pathology and ophthalmology improve diagnostic accuracy, improve patient care and accelerate treatment timelines. In image-processing techniques, AI- Constant advances in technology were driving innovation in the healthcare industry. These developments are enabling sophisticated computer vision solutions capable of analyzing complex medical images, detecting abnormalities, and helping healthcare professionals make medical decisions. The increasing need to automate healthcare systems, simplify workflows and reduce manual processes is driving the adoption of computer vision solutions in medical imaging automated examinations, including radiology, pathology and ophthalmology, improve diagnostic accuracy.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hardware
Fastest Growth
Software
Growth Rate
35.2% CAGR
Global Computer Vision in Healthcare Market ($ Bn)
Country Share for North America Region (%)
Global Computer Vision in Healthcare Market By Components ($ Bn)
Global Computer Vision in Healthcare Market By Components (%)
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Global Computer Vision in Healthcare Market Segmental Analysis
By components the market is segmented into hardware and software. By product type, the market is segmented into smart camera-based and PC-based. By application, the market is segmented into quality assurance and inspection, positioning and guidance, measurement, identification, predictive maintenance, 3D visualization and interactive 3D modelling. By vertical the market is segmented into industrial and non-industrial. By region the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Analysis by Component
The hardware segment dominated the market, accounting for more than 45.0% of the global revenue. Hardware segments such as advanced cameras and sensors are important under the global computer vision in healthcare market. Continuous advances in hardware technology improve image quality and browse capabilities. In addition, healthcare relies heavily on medical imaging systems such as magnetic resonance imaging (MRI), CT scans, and X-rays. These systems incorporate several hardware components for image capture and processing, which are essential for diagnosis and treatment management. The healthcare industry has seen an increase in the number of wearable devices equipped with electronic controls to monitor patients’ health.
The software segment is estimated to grow significantly over the forecast period in the global computer vision in healthcare market. The proliferation of software solutions is a key factor in digitizing healthcare. These software solutions are often combined with artificial intelligence, giving healthcare providers a strategic advantage, especially in the face of challenges such as understaffing, increased imaging technology.
Analysis by Product
The PC-based computer vision system segment accounted for the largest revenue share of more than 50.0% by 2022. PC-based vision systems are generally dedicated to image processing, requiring more peripherals for other functions, such as data transfer, frame grabbing, storage, and lighting. The high share is due to its low cost, upgradeability and ability to exchange providing relative ease. For example, In August 2020, industrial automation solutions provider Omron Corp. will acquire 100,000 shares of the company. The FJ2 PC-based camera system features advanced features, with resolutions ranging from 0.4MP to 5MP in color detection and monochrome vision. The new FJ2 camera makes it easy for developers to integrate computer vision into their existing systems while continuing to use their PCs.
The smart camera-based computer vision systems segment is expected to show a remarkable shift in demand over the forecast period. Smart camera-based vision systems are used for free embedded process technology, which prevents the need for peripherals, such as external computers or frame capture cards. This increases compact dimensions and allows integration of computer vision systems based on smart cameras. Furthermore, smart cameras are powered by free and embedded controllers that eliminate the need for remote devices such as external computers or frame capture cards.
Global Computer Vision in Healthcare Market By Components (%), 2023 (%)
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Global Computer Vision in Healthcare Market Regional Insights
North America dominated the global market, accounting for more than 35.0% of global revenue. North America exhibits an increase in innovative digital technologies, witnessed by robust healthcare, IT, and telecommunications infrastructure, which has further expanded the global computer vision in healthcare market significantly, with artificial intelligence resources are included in the healthcare sector. The region benefits from favorable government policies that actively encourage the integration of digital and new technologies. The region has a large patient base, and in the US more than half have one or more chronic diseases. This growing number has led to an increase in hospitalizations, requiring patient health information to be stored and managed digitally to comply with federal regulations.
Asia-Pacific is expected to register the fastest CAGR during the forecast period. Many countries in the Asia Pacific region are investing and improving their healthcare systems. The construction of new hospitals, clinics, and rehabilitation centers creates opportunities to integrate computer vision technology to improve healthcare services. Asia-Pacific is home to a significant proportion of the world’s population, and chronic diseases are on the rise. Increasing healthcare needs and larger patient populations require new technologies, including computer vision, to aid in diagnosis, treatment and patient management.
Global Computer Vision in Healthcare Market By Geography, 2024-2031
- Largest
- Fastest
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Global Computer Vision in Healthcare Market Dynamics
Drivers
Medical Comprehensiveness and Accuracy
- The use of computer vision in healthcare can significantly reduce the time physicians typically spend analyzing reports and images. It allows for more time with patients and provides relevant and constructive advice. It can also help physicians counsel more patients by increasing doctor-patient communication. Computer vision applied to healthcare helps caregivers deliver efficient and accurate healthcare services through its survival systems.
Importance of Imaging in medicine
- For the past decades, electronic medical imaging has been a trusted adjunct for physicians. It not only creates and analyzes images, but also helps and assists doctors in interpretation. The application is used to read 2D scan images and convert them into interactive 3D images that enable doctors to gain a comprehensive understanding of a patient’s health status.
Restraints
Data Privacy and Security Issues
- Healthcare information is highly sensitive, and computer vision applications require processing large amounts of data from patients. Ensuring the privacy and security of this data is a major challenge. Healthcare is a highly regulated industry and in the United States it can be difficult to comply with laws such as HIPAA (Health Insurance Portability and Accountability Act) Meeting these standards is an important limitation when electronic vision solutions is a significant restraint.
Integrating Existing Systems
- Integrating computer vision solutions into existing healthcare systems can be challenging. Many healthcare facilities use legacy systems that may not be easily compatible with new technologies, creating implementation problems.
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Global Computer Vision in Healthcare Market Competitive Landscape
The competitive environment of the Global Computer Vision in Healthcare Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading companies increased their market share primarily through product launches and developments, followed by expansions, mergers & acquisitions, alliances, agreements, partnerships and consolidations. Leading companies employ a wide range of strategies to improve market reach and strengthen their position in the cutthroat sector.
Top Player’s Company Profiles
- Basler AG
- Baumer Optronic
- CEVA Inc.
- Cognex Corporation
- Intel Corporation
- Jai A/S
- Keyence Corporation
- Matterport Inc.
- Microsoft Corporation
- National Instruments
- Sony Corporation
- Teledyne Technologies Inc.
- NVIDIA Corporation
- Microsoft
- Intel Corporation
- IBM Corporation
- Google LLC
- Basler AG
- Arterys Inc.
- AiCure
- iCAD, Inc.
- SenseTime
Recent Developments
- In May 2023, Landing AI, a leading AI software company, unveiled a certification-ready iteration of its Landing Lens platform. Specially designed for heavily regulated industries, including life sciences, pharmaceuticals and medical device manufacturing, this latest version facilitates the development of innovative solutions to improve global well-being.
- In 2023, Intel Corporation accelerated artificial intelligence (AI) development by providing reference kits with model code, training data, guidance on machine learning pipelines, libraries, and one API components to enhance AI helping developers and data scientists for rapid updates.
- In 2023, Basler AG released Pylon 7.3 for Mac with Apple Silicon, which allows you to use their 1GigE, 5GigE, and USB3 vision cameras with the latest versions of macOS, such as Big Sur (11.7), Monterey (12.6), and Ventura (13.4).
Global Computer Vision in Healthcare Key Market Trends
- Rising Advancements in Healthcare: Advances in healthcare are expected to lead to more efficient screening and treatment protocols, ultimately improving patient care outcomes. Computer vision systems bring precision to medical diagnosis that helps reduce false positives, and can reduce the need for unnecessary surgeries and expensive treatments, if equipped with sophisticated systems trained in using multiple data sets, computer vision can detect even the subtlest symptoms of medical conditions in the ability to provide dramatically high accuracy using computer vision, with improvements a close to 100% indicates possible accuracy.
Global Computer Vision in Healthcare Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global computer vision in healthcare market is experiencing tremendous growth driven by advances in artificial intelligence (AI), machine learning, and computer vision technologies. Computer vision applications in healthcare facilitate medical image analysis, diagnosis, surgical support, personalized treatment planning, etc. The integration of computer vision solutions provides maximum health outcomes, improves productivity, and reduces healthcare costs. As digital technologies are increasingly adopted by the healthcare industry, the demand for computer vision solutions is expected to increase, expanding the market globally.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.31 Billion |
| Market size value in 2031 | USD 19.77 Billion |
| Growth Rate | 35.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Computer Vision in Healthcare Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Computer Vision in Healthcare Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Computer Vision in Healthcare Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Computer Vision in Healthcare Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Computer Vision in Healthcare Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Computer Vision in Healthcare Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Computer Vision in Healthcare Market Report Snapshots
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