Artificial Intelligence (AI) in MRI Global Market Report 2023: Sector to Reach $1.53 Billion by 2028 at a 35.7% CAGR
DUBLIN, June 9, 2023 /PRNewswire/ -- The "Artificial Intelligence (AI) in MRI Market - Forecasts from 2023 to 2028" report has been added to ResearchAndMarkets.com's offering.
The artificial intelligence in MRI market is projected to grow at a CAGR of 35.7% to reach US$1,539.622 million in 2028 from US$181.720 million in 2021.
Further, the increasing prevalence of chronic diseases and the aging population have led to a growing demand for medical imaging services, including MRI. AI algorithms can help healthcare providers to provide more accurate and efficient diagnostic services, reducing wait times and improving patient outcomes. According to the US National Institutes of Health (NIH), the demand for medical imaging services is growing rapidly, with MRI being one of the most used modalities. The NIH reports that the number of MRI exams performed in the US increased from 10.5 million in 2000 to 42 million in 2017.
The increasing adoption of cloud-based solutions for medical imaging is also driving the growth of the AI in MRI market.
Cloud-based solutions enable healthcare providers to access and share imaging data more easily, improving collaboration and patient outcomes. The US Department of Health and Human Services (HHS) launched a new initiative called the "MyHealthEData" initiative in 2018, which aims to promote the adoption of cloud-based solutions for medical maging and other healthcare services.
Based on end-users, the artificial intelligence in MRI market is expected to witness positive growth in the hospital segment.
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