Artificial intelligence (AI) is an emerging technology that uses computerized algorithms to analyze complex data. Artificial intelligence is actively used in the medical field. The products in the global AI-enabled X-Ray imaging solutions market include hardware and software solutions used to mimic human cognitive behaviors in medical imaging. Machine learning and deep learning algorithms are examples of AI-based software solutions that are built and educated to resemble AI when used with imaging modalities like X-Ray. On the other hand, AI-based hardware solutions include processors, microprocessors, and chips to perform crucial AI-based activities in medical imaging.

This research study evaluates the potential of the global AI-enabled X-Ray imaging solutions market. It considers every product (hardware and software) available in the market whose functionality aligns with human cognition.

AI-enabled X-Ray Imaging Solutions Market is projected to reach $639.7 million by 2031, reveals the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 20.2% between 2021 and 2031.

Market Drivers

Presently, the factors driving the growth of the market include expanding the range of applications of AI, increasing funding activities, and increasing complexities of clinical decision-making.

Market Opportunities

Potential opportunities that are likely to boost the growth of the market include rapidly evolving machine and deep learning techniques and the increasing number of cross-industry partnerships.

Key Market Players and Competition Synopsis

Some of the key players operating in the market, include Agfa-Gevaert NV, Arterys Inc., Behold.AI Technologies Limited, Carestream Health Inc., Enlitic Inc., General Electric Company, Imagen Technologies Inc., Infervision Medical Technology Co. Ltd., Konica Minolta Inc., Lunit Inc., Quibim S.L., Qure.AI Technologies Pvt. Ltd., Siemens Healthineers AG, Vuno Co. Ltd., and Zebra Medical Vision Inc.

The AI-enabled X-Ray imaging solutions market has witnessed several strategic and technological developments from January 2018- August 2021, undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this segment are product development and upgradations, partnerships, collaborations, business expansions, funding activities, regulatory approvals, mergers, and acquisitions. The preferred strategy for companies has been partnerships, collaborations, and business expansions.