Market Highlights
According to MRFR analysis, the Global Computer Vision in Healthcare Market is expected to register a CAGR of 47.3% during the forecast period of 2020 to 2027 and accounted for USD 276.54 Million in 2019.
Computer vision is utilized in diagnosis of various diseases and surgeries. Computer vision operates with the help of algorithms for processing images with the aim of making faster and more accurate diagnoses.
The growth of the global Computer Vision in Healthcare Market Size is determined by numerous factors such as increasing government initiatives to increase the adoption of AI-based technologies increasing demand for computer vision systems in the healthcare industry, big data in healthcare, and the use of computer vision in precision medicine.
However, the lack of awareness and technical knowledge is likely to hamper the growth of the global Computer Vision in Healthcare Market Size during the forecast period.
Regional Analysis
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas has been segmented into North America and Latin America, with the North American market being divided into the US and Canada. The Americas is projected to hold the largest market share owing to the increasing number of patients affected with cardiovascular disorders, increasing applications of computer vision, and the growing presence of major market players.
The European Computer Vision in Healthcare market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The Computer Vision in Healthcare market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the rising geriatric population and the strategic developments by major players boosts the demand for Computer Vision in Healthcare in this region. The Computer Vision in Healthcare market in the Middle East & Africa has been divided into the Middle East and Africa.
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Segmentation
Global Computer Vision in Healthcare Market has been segmented based on Product & Service, Application, and End User.
The market based on product & service has been divided into hardware, software, and services. Hardware is further segmented into processors, memory devices, and networks. Software is further sub-segmented into cloud-based and on-premises. The market based on application is segmented into medical imaging and diagnostics, surgeries, other applications
The end-user segment of the market consists of healthcare providers, diagnostic centers, and other end users.
Key Players
Some of the Key Players in the Global Computer Vision in Healthcare Market are Microsoft (US), NVIDIA (US), Intel (US), Xilinx (US), IBM (US), Google (A Subsidiary of Alphabet, Inc.) (US), Basler AG (Germany), Arterys, Inc. (US), AiCure (US), iCAD, Inc. (US) among others.
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