Computer Vision In Healthcare Market To Reach $15.60 Billion By 2030

Computer Vision In Healthcare Market Growth & Trends

The global computer vision in healthcare market size is expected to reach USD 15.60 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 35.2% from 2023 to 2030. Computer vision in healthcare is a subset of artificial intelligence dedicated to techniques like visual object detection, classification, tracking, depth estimation in images, and semantic segmentation, among others. The primary aim of computer vision (CV) is to emulate the human brain's capacity to receive and interpret visual information. Leveraging algorithms for image processing, computer vision enables more prompt and precise diagnostics compared to traditional physician-based approaches.

By offloading complex tasks and time-consuming processes to machines, computer systems in healthcare contribute to streamlining workflows, empowering physicians to redirect their attention toward providing enhanced patient care as the technology handles intricate diagnostic processes efficiently. The proliferation of AI-based technologies in healthcare is a key driver for the expansion of the healthcare computer vision market. AI empowers machines to execute tasks typically performed by humans. Within computer vision, AI technologies encompass natural language processing (NLP), allowing computers to comprehend text and spoken language like human understanding.

For instance, in July 2022, according to the ACR Data Science Institute, a U.S.-based entity dedicated to formulating frameworks for integrating machine learning (ML) in radiological professions, approximately 30% of radiologists have embraced AI in their clinical practices. This integration enhances the radiology imaging process, exemplifying how adopting AI-based technologies fuels the growth of healthcare computer vision market. Leveraging computer vision technology enables doctors to analyze health and fitness metrics, facilitating quicker and more informed patient medical decisions.

At present, healthcare centers are integrating this technology to measure blood loss during surgeries, particularly in procedures, such as C-sections. This real-time measurement can be instrumental in triggering emergency interventions when blood loss reaches critical levels. Furthermore, computer vision technology extends its utility to gauging body fat percentages by using images captured through standard cameras. This application showcases the technology's versatility, as it goes beyond surgical contexts to offer non-invasive assessments of health-related parameters.

 Request a free sample copy or view report summary: Computer Vision In Healthcare Market Report

Computer Vision In Healthcare Market Report Highlights

• The hardware segment led the market in 2022. Continuous advancements in hardware technology contribute to improved image quality and diagnostic capabilities

• The PC-based product type segment held the largest revenue share in 2022. The healthcare sector relies heavily on advanced imaging technologies, and PC-based systems can provide the computing power needed for processing and visualizing high-resolution medical images

• The medical imaging & diagnostics application segment led the market in 2022. Ongoing advancements in imaging technology, such as higher-resolution imaging devices and improved modalities, contribute to the growth of the medical imaging and diagnostics segment

• The healthcare providers end-user segment held the largest revenue share of over 55.0% in 2022. Healthcare providers use computer vision for remote diagnostics, monitoring patients' vital signs, and managing chronic conditions from a distance

Computer Vision In Healthcare Market Segmentation

Grand View Research has segmented the global computer vision in healthcare market based on component, product type, application, end-user, and region:

Computer Vision In Healthcare Component Outlook (Revenue, USD Billion, 2017 - 2030)

• Hardware

• Software

• Services

Computer Vision In Healthcare Product Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Smart Cameras-based Computer Vision Systems

• PC-based Computer Vision Systems

Computer Vision In Healthcare Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Medical Imaging & Diagnostics

• Surgeries

• Patient Management & Research

• Others

Computer Vision In Healthcare End-user Outlook (Revenue, USD Billion, 2017 - 2030)

• Healthcare Providers

• Diagnostic Centers

• Academic Research Institutes

• Others

Computer Vision In Healthcare Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

  • Kingdom of Saudi Arabia

  • UAE

  • South Africa

List of Key Players in the Computer Vision In Healthcare Market

• NVIDIA Corporation

• Microsoft

• Intel Corporation

• IBM Corporation

• Google LLC

• Basler AG

• Arterys Inc.

• AiCure

• iCAD, Inc.

• SenseTime