FDA Approves AI-Powered Imaging Software, Boosts AI-Enabled Imaging Market

Published: Aug 2023

The global AI-enabled imaging modalities market is anticipated to grow at a CAGR of 35.0% during the forecast period. The FDA's approval of a new AI-powered imaging processing software is expected to have significant implications in the market of AI-enabled imaging modalities. The software's accuracy in analysing medical images could improve diagnostic precision, resulting in earlier detection of abnormalities and potentially better patient outcomes. As the software gains clearance for specific medical applications, its usage could expand to a broader range of diagnoses, driving innovation in the field. Companies that integrate the FDA-approved software into their AI-enabled imaging modalities may gain a competitive edge, attracting investments and fostering further advancements. Additionally, increased recognition of AI-enabled imaging by insurance providers and healthcare programs could enhance reimbursement opportunities for medical facilities using these solutions. There are several approval has been done recently. Some of them written below. For instance, 

Browse the full report description of “AI-Enabled Imaging Modalities Market Size, Share & Trends Analysis Report by Product Type (Computed Tomography (CT), Magnetic Resonance Imaging (MRI), X-Ray, Ultrasound, Positron Emission Tomography (PET), Single-Photon Emission Computed Tomography (SPECT), and Others, by End-User (Hospitals, Diagnostic Centers, and Research Institutions), and by Application (Cardiology, Oncology, Neurology, Orthopedics, and Gastroenterology) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/ai-enabled-imaging-modalities-market

In May 2023, Precision DL is an AI-enabled image processing software designed for PET/CT scans that has received FDA clearance. It offers significant improvements in contrast-to-noise ratio, the accuracy of feature quantification, and the diagnosis of small lesions. The software provides an average 42 percent increase in the detection of small, low-contrast lesions, an average 23 percent improvement in CNR, and a 14 percent improvement in the accuracy of feature quantification. 

In May 2023, DiA Imaging Analysis secured FDA clearance for LVivo IQS, a new AI-based vendor-neutral software solution that enables ultrasound users to acquire high-quality interpretable cardiac ultrasound images that can be used to make better clinical assessments of the heart.

In July 2022, HeartLung Corp.'s ABMD Al- based Software received a final approval from the FDA for its radiology software, with submission number K213760 and primary product code KGI.

Market Coverage

The market number available for – 2023-2030

Base year- 2022

Forecast period- 2023-2030

Segment Covered- 

o By Product Type

o By End-User

o By Application

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Includes GE HealthCare Technologies Inc., Siemens Healthineers, Philips, Canon Medical Systems Corp., and Hitachi Ltd., among others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global AI-Enabled Imaging Modalities Market Report Segment

By Product Type 

  • Computed Tomography (CT)
  • Magnetic Resonance Imaging (MRI)
  • X-Ray
  • Ultrasound
  • Positron Emission Tomography (PET)
  • Single-Photon Emission Computed Tomography (SPECT)
  • Others (Hybrid Imaging Modalities, Optical Coherence Tomography (OCT))

By End-User

  • Hospitals
  • Diagnostic Centers
  • Research Institutions

By Application

  • Cardiology
  • Oncology
  • Neurology
  • Orthopedics
  • Gastroenterology

Global AI-Enabled Imaging Modalities Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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