Latest News- AI In MRI Market: Software is expected to lead the Component segment during 2025-2029

The AI In MRI Market is being driven by Increasing pressure on radiology departments and workforce shortages

The AI In MRI Market is expected to grow at a CAGR of 27.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1026.3 million. The global AI in MRI market is witnessing a significant shift from standalone, single-point solutions to integrated, platform-based ecosystems. In the market's early stages, healthcare providers faced numerous challenges when procuring individual AI algorithms from various vendors. These challenges included intricate IT integration, disjointed radiologist workflows requiring multiple applications, and burdensome company management. To mitigate these issues, major medical imaging corporations and specialized healthcare IT firms are now developing and marketing comprehensive platforms. Acting as a central hub or a digital marketplace, these platforms host a suite of proprietary and third-party AI applications within a unified environment, streamlining workflows and simplifying management for healthcare providers. 

Get more information on AI In MRI Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Software
  • Services
  • Hardware
• End-user
  • Hospitals
  • Diagnostic imaging centers
  • Others
• Application
  • Neurology
  • Musculoskeletal
  • Cardiovascular
  • Prostate
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing pressure on radiology departments and workforce shortages
• Technological advancement and maturation of AI models
• Shift toward quantitative imaging and value-based healthcare

However, the market also witnesses some limitations, which are as follows:

• Data quality, generalizability, and privacy concerns
• Complex regulatory pathways and lack of standardized evaluation
• High cost of implementation and difficult workflow integration

Benefits of Buying Global AI In MRI Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in AI In MRI Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The AI in MRI market encompasses various applications, including MRI scan optimization, neural network MRI for improved resolution, and AI-powered MRI report generation. Clinical MRI workflow is enhanced through AI-assisted MRI guidance and diagnostic imaging. MRI data anonymization ensures patient privacy, while data preprocessing and compression increase efficiency. Neural networks enable MRI image classification and personalized diagnostics. MRI hardware advancements and clinical trials further boost the market, with a focus on data security and AI-assisted procedures.

Market Research Overview

The global application software market encompasses businesses specializing in the development and production of software solutions for specific industries and consumers. This sector includes enterprise and technical software, as well as cloud-based applications. In the healthcare domain, AI-driven MRI technologies, such as mRI image reconstruction using deep learning algorithms and AI-powered mRI diagnostics, fall under this category. Medical image segmentation is another specialized application of AI software in healthcare. Technavio's market analysis calculates the size of the global application software market based on the combined revenue of companies providing various types of software, including cloud-based solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/