Computer Vision in Healthcare Market Share

North America Market Analysis

By 2037, North America computer vision in healthcare market is projected to hold more than 42.5% revenue share, due to rapid technological advances and strong regulatory support for AI in healthcare. Federal initiatives and investments in AI for healthcare boost the usage of advanced computer vision solutions in diagnostic and patient monitoring applications. These factors, combined with supportive regulatory frameworks and relatively higher healthcare spending in the region, create an opportunistic computer vision in healthcare market for the players. As a result, these factors drive further adoption of applications involving computer vision in medical imaging, surgery, and patient monitoring.

The U.S. computer vision in healthcare market is driven by strong healthcare infrastructure and federal government support for AI-powered healthcare solutions. For example, AMD strengthened its AI and adaptive computing portfolio with the finalization of the acquisition of Xilinx in February 2022, further leveraging its position in the healthcare market. This acquisition represents some of the technological developments leading to the adoption of computer vision solutions in the U.S. healthcare sector, which in return propels growth in the computer vision in healthcare market.

Government initiatives to promote healthcare technology help boost the adoption of computer vision tools in Canada. Healthcare providers in the country are looking toward AI applications in patient diagnostics and monitoring. For example, in November 2023, Philips launched HealthSuite in Canada, which is a platform with computer vision algorithms to support diagnostics. The launch is well in line with the effort being set forth by Canada in innovative healthcare technologies, enough to ensure an enabling landscape for AI in healthcare.

Asia Pacific Market Analysis

Asia Pacific computer vision in healthcare market is expected to witness growth rate of around 24.5% till 2037. This expansion is due to increased technological advancements and investments in the healthcare infrastructure during the forecast period. The region is adopting AI-driven computer vision applications in healthcare to meet the growing demand for effective diagnostic tools and personalized treatment. Developed and developing countries like Japan, China, and India are investing in digital healthcare transformation. Therefore, the region has become a lucrative market for computer vision technology in healthcare.

The computer vision in healthcare market in China is also developing at a rapid pace due to huge government support for AI in the healthcare sector and massive investment in the field of medical technology. The computer vision tools are becoming widely adopted in diagnostics and patient monitoring, addressing accessibility and accuracy in healthcare. In September 2023, Ever.Ag launched a computer vision system that uses edge computing to monitor animal health, reflecting the country's larger ambition of applying AI across all sectors. This innovative approach aligns with the set goals in China healthcare framework, where through advanced applications of AI, the country works toward achieving efficient healthcare.

In India, the healthcare market is adapting to computer vision to foster better diagnostics and patient care, backed by government policies that encourage digital solutions for healthcare. With the strong push towards AI-driven diagnostics, the adoption of tools such as computer vision for early detection of diseases and telemedicine is gaining traction in India. In July 2024, Fitterfly, a digital therapeutics company based in India, partnered with Google Cloud to introduce Fitterfly Klik. This AI-powered meal tracking feature allows users to track their meals for diabetes management. Such a strategic step reflects the country's commitment to integrating AI in improving patient outcomes and preventive care.