AI in Radiology Market Size Worth USD 39.38 Billion by 2034 | CAGR: 38.31%
The AI in radiology market size is expected to reach USD 39.38 Billion by 2034, according to a new study by Polaris Market Research. The report “AI in Radiology Market Size, Share, Trends, Industry Analysis Report By Component, By Modality, By Deployment Mode, By Application, By End User, and By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The AI in radiology market offers services for medical imaging equipment, including the diagnostic interpretation, workflow management and clinical decision support in hospitals, diagnostic centers, and telemedicine solutions. The growth of the market is attributed to the increasing demand for quick and accurate imaging analysis, growing prevalence of chronic disease and utilization of advanced imaging systems. Furthermore, increasing investments in AI-based radiology solutions and integration with electronic health records and development real time diagnostic platforms are fostering the adoption of advanced, accurate and scalable AI solutions in radiology across the globe.
AI in Radiology Market Report Highlights
- By Component, the software segment accounted for the largest share in 2024, owing to the rapid adoption of AI-based image analysis tools, workflow automation solutions, and clinical decision support systems in radiology departments.
- Based on Modality, the computed tomography (CT) segment dominated the market due to relatively high volumes of imaging and the high level of applicability of AI for quick detection of abnormalities and reconstruction of scans.
- By Deployment Mode, the cloud segment accounted for the majority of the market share, as hospitals and imaging centers are moving towards scalable AI infrastructure that allows for rapid deployment and access from outside facilities.
- By Application, detection and diagnosis held the largest share owing to increasing clinical dependence of AI in detecting abnormalities such as tumors, fractures, cardiovascular abnormalities, etc.
- Based on End User, the market for hospitals and clinics accounted the largest share of the market due to high number of diagnostic procedures and substantial investments for the AI-based enabled digital transformation.
- The North America region accounted for the largest share of the global market in 2024, owing to the growing adoption of advanced imaging systems in the region hospitals and diagnostic centers.
- The Asia Pacific region is anticipated to experience significant growth due to the growing demand from developing countries, where there is a growing need to mitigate the shortage of radiologists and improve diagnostic accuracy through the use of AI-based imaging solutions.
- Key players in the global market include Aidoc Medical Ltd., AIRS Medical, Inc., Annalise.ai Pty Ltd., Canon Medical Systems Corporation, DeepHealth, Inc., GE HealthCare Technologies Inc., Lunit Inc., Philips Healthcare (Koninklijke Philips N.V.), Qure.ai Technologies Pvt. Ltd., Rad AI, Inc., Siemens Healthineers AG, Subtle Medical, Inc., TeraRecon, Inc., Viz.ai, Inc., and Zebra Medical Vision Ltd.
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Polaris Market Research has segmented the market report based on component, modality, deployment mode, application, end user, and region:
By Component Outlook (Revenue, USD Billion, 2020–2034)
- Software
- Services
- Hardware
By Modality Outlook (Revenue, USD Billion, 2020–2034)
- Computed Tomography (CT)
- Magnetic Resonance Imaging (MRI)
- X-ray
- Ultrasound
- Positron Emission Tomography (PET)
- Mammography
- Others
By Deployment Mode Outlook (Revenue, USD Billion, 2020–2034)
- On-premise
- Cloud-based
- Hybrid
By Application Outlook (Revenue, USD Billion, 2020–2034)
- Detection & Diagnosis
- Image Segmentation & Classification
- Workflow Optimization & Triage
- Predictive & Prognostic Analytics
- Disease Risk Assessment
- Others
By End User Outlook (Revenue, USD Billion, 2020–2034)
- Hospitals & Clinics
- Diagnostic Imaging Centers
- Research & Academic Institutes
- Ambulatory Surgical Centers
- Others
By Regional Outlook (Revenue, USD Billion, 2020–2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
