Medical imaging AI market expected to exceed $1.7B by 2027

19th July 2023 – Ellie Baker – Featured on auntminnie.com

The medical imaging AI market was estimated at $576 million in 2022, an increase of more than $75 million compared to Signify Research’s 2021 report. The market is forecast to soar and reach more than $1.73 billion by 2027, with a growth rate of 25% across the forecast period.

Despite this aggressive growth outlook, the market has yet to “cross the chasm” for most clinical applications. Commercial and care pathways must better facilitate the adoption of AI and issues with regulatory processes must be overcome so that this forecast can be realized.