Headwinds Slow AI Funding

The British Institute of Radiology AI Congress returned for 2023, bringing together a considerable number of thought leaders and pioneers across NHS England, NHS Scotland, and the UK.

he 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.

From an outsider’s perspective, the medical imaging AI market may look like an easy win, with the recent publication of the US-FDA AI/ML-Enabled Medical Devices database highlighting an expected increase in the volume of AI/ML-enabled devices for 2023 compared to 2022.