AI in Ultrasound Imaging Market Size, Growth, and Key Companies
The AI-powered ultrasound imaging market is expected to grow from USD 881.2 million in 2022 to nearly USD 2 billion by 2032, with a CAGR of 8.6%, driven by the rising prevalence of chronic and lifestyle diseases.
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Rising Global Disease Rates Fuel Demand for AI in Ultrasound Imaging
The global rise in cardiovascular diseases and digestive disorders is driving the growing demand for AI-powered ultrasound imaging. According to the World Health Organization, heart attacks and strokes account for 85% of global deaths, with cardiovascular diseases causing 17.9 million deaths annually. Additionally, digestive disorders contribute to over 375,000 deaths each year, with a rate of 37.2 deaths per 100,000 people. This widespread prevalence of chronic conditions is pushing hospitals and clinics to seek faster, more accurate diagnostic tools.
AI-enhanced ultrasound imaging plays a critical role in early detection and timely diagnosis, helping medical professionals identify issues more quickly. As the need for improved medical imaging grows, AI in ultrasound is becoming essential, especially for conditions like cardiovascular diseases, digestive disorders, and gynecological issues. AI acts as an intelligent assistant, improving diagnostic speed and precision, which is key to addressing the global disease burden.
Notable Developments:
- See-Mode Technologies (Singapore) received FDA clearance in September 2020 for its innovative vascular ultrasound scanner, utilizing machine learning for advanced carotid artery analysis.
- Philips Healthcare gained FDA approval in March 2020 for its ultrasound solutions to treat lung and cardiac complications associated with COVID-19.
- In February 2023, Boston Imaging launched the W10 Elite platform for obstetrics and gynecology, featuring AI tools that enhance the diagnostic process.
- In 2022, GE Healthcare partnered with Sinopharm to develop medical equipment tailored to meet China’s healthcare needs.
Key Companies in the AI Ultrasound Imaging Market:
- Philips Healthcare
Philips is a global leader in healthcare technology, providing innovative ultrasound systems that incorporate advanced AI capabilities for faster diagnosis and improved image quality. Their ultrasound solutions are widely used in obstetrics, cardiology, and emergency care. - Siemens Healthineers
Siemens Healthineers offers cutting-edge AI-driven ultrasound imaging systems that enhance diagnostic efficiency and accuracy. Their solutions support a variety of clinical applications, including cardiology, obstetrics, and musculoskeletal imaging. - Samsung Healthcare
Samsung’s healthcare division provides ultrasound systems integrated with AI technologies to support early disease detection, particularly in cardiology and obstetrics. Their solutions are known for high-quality imaging and ease of use. - Butterfly Network
Butterfly Network is pioneering in handheld ultrasound devices powered by AI, making diagnostic imaging more accessible in remote and low-resource settings. Their Butterfly iQ+ system leverages AI to provide quick, accurate diagnostics on a mobile platform. - GE Healthcare
A leader in medical imaging technologies, GE Healthcare offers AI-powered ultrasound solutions for a range of medical fields, including cardiology, obstetrics, and oncology. Their advanced systems help healthcare providers deliver timely and accurate diagnoses. - DiA Imaging Analysis
DiA Imaging Analysis specializes in AI-based software for ultrasound imaging, focusing on cardiac and musculoskeletal applications. Their solutions help clinicians improve workflow efficiency and diagnostic accuracy. - Qure.ai
Qure.ai is known for its AI-powered solutions for medical imaging, including ultrasound. Their algorithms are designed to enhance image interpretation, helping radiologists and clinicians detect diseases early, including in critical care settings. - Exo Imaging
Exo Imaging is developing advanced, AI-powered ultrasound systems that offer high-quality imaging in a compact, portable format. Their focus is on making ultrasound imaging more accessible and efficient in clinical environments. - Ultrasound AI, Inc.
Ultrasound AI focuses on the development of AI-driven software tools that enhance the quality and speed of ultrasound diagnostics, particularly for cardiovascular and gynecological applications.
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