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Artificial Intelligence for Medical Image Analysis—Companies-to-Action, 2018

Lay of the Land, Growth Opportunities and Future Direction

Frost & Sullivan
2250.0000 USD https://store.frost.com/artificial-intelligence-for-medical-image-analysis-companies-to-action-2018.html
RELEASE DATE
21-Aug-2018
REGION
Global
Research Code: K27C-01-00-00-00
SKU: HC03067-GL-MR_22242
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  • Description
  • Key issues Addressed
  • Infographics
  • Table of Contents
  • List of Figures & Charts
  • Request Sample

Description

Medical imaging has become the bellwether application for artificial intelligence (AI) technologies in healthcare. From deep learning and machine learning approaches, to cognitive computing, to even natural language processing, several AI approaches are now being incorporated in the field of radiology. Apart from academic research groups, almost all major manufacturers and vendors in the medical imaging space have or are developing initiatives to bring automation, augmentation or acceleration to medical imaging, cognitive computing for imaging informatics applications and even intelligent machines. There are several startups as well which continue to advance the development of solutions.

In the medical imaging workflow, from ordering of imaging studies all the way up to follow-up post imaging, artificial intelligence could play a role. Of course, current efforts are mostly concentrated in analyzing the medical images. These solutions have been deployed on premises, but there is a gradual adoption of cloud technologies too. As applications evolve and are developed further, AI is moving to the edge, and might also become embedded in imaging equipment as the next frontier. However, at the global level, countries look up to AI to address very different and systemic challenges – while some such as the United States require higher productivity and standardization, the United Kingdom needs to address shortages and higher wait time, whereas others such as China need it to build access and expertize to improve diagnosis rates. This has naturally resulted in a continuous growth in the number of startups emerging in this field, globally. Funding too, has flowed in to support the momentum. Crucial regulatory milestones have been achieved, but many more are likely to be reached as well.

This study is a focused analysis to highlight all of the companies active in this space, and to analyze their solutions to get a sense of the trends in the industry. Aptly called the Companies-to-Action, a comprehensive analysis of ~100 AI companies currently offering medical image analysis solutions provides an in-depth insight in to several key questions, as outlined below. Competitive landscape, evolving partnerships, regional analysis to identify conducive factors for development of AI solutions, funding trends for the 80+ startups, a landscape assessment, and finally, a list of top ten predictions for the coming 5 years are covered in this study. It also highlights a curated list of companies along with our perspective on their uniqueness, potential opportunities, and threats.

Key Issues Addressed

  • Who are the companies that have set out to develop and commercialize artificial intelligence-based solutions for medical image analysis?
  • Which modalities, organs and disease areas have vendors focused on during the inception phase 2011-2018?
  • What kind of competitive and partnership dynamics are taking place across the vendor, provider and investor ecosystems?
  • What are some unique approaches and use cases addressed by some of the most innovative companies vested in AI-based medical image analysis?
  • How do various regions fare in the adoption of, and investment in AI based technologies for medical image analysis?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Executive Summary

Key Findings

Scope and Segmentation

Companies-To-Action Overview

Companies-To-Action (C2A) Value Creators

Threats & Opportunities

Study Methodology

Artificial Intelligence in Medical Image Analysis Market Overview

Medical Imaging AI Use Cases

Study Introduction

Application of AI-Based Analysis Across the Imaging Chain

Medical Imaging AI Technology Hype Cycle

Diverse Usage Scenarios for AI-Based Image Analysis

Diverse Usage Scenarios for AI-Based Imaging Analytics

Medical Imaging AI Value Propositions to Key Stakeholders

Artificial Intelligence for Medical Image Analysis Ecosystem & Competitive Landscape

Medical Imaging AI Competitive Landscape

Developing Dynamics in the Medical Imaging AI Ecosystem

Timeline of Founding of Medical Imaging AI Start-ups

Consistent Growth in Start-up Numbers During 2009–2017

Timeline of Industry-Firsts For Medical Imaging AI Start-ups

Select Milestones in Medical Imaging AI Development

Select Significant Regulatory Approval Milestones

Continuous Learning, the Next Regulatory Frontier

Digital Pathology AI, a Tangential Area to Medical Imaging AI

AI-Based Endoscopy Image Analysis a Burgeoning Field

Geographical Patterns for Artificial Intelligence in Medical Image Analysis

Different Incentives and Vision for AI Across Countries

Global Deployments of Medical Imaging AI Solutions

Global Spread of Medical Imaging AI Companies

Regional Analysis—Top Two Countries

Regional Analysis—Next Two Countries

Regional Analysis—Next Three Countries

Regional Analysis—Emerging Hotbeds

Funding Trends for Artificial Intelligence in Medical Image Start-ups

Global Funding Sources for Medical Image Analysis AI

Global Targets for Medical Image Analysis AI Investments

Artificial Intelligence in Medical Image Analysis Landscape Assessment

Top Clinical Application Areas

Target Disease Areas

Target Organs

Imaging Modality Focus

Overlaps in Imaging Modality Focus

Overlaps in Imaging Modality Focus—Insights

Companies-to-Action

Imaging AI Developments by Major Imaging Vendors

Top 4 Imaging Equipment OEMs by Intensity of AI Efforts

IBM Watson Health in Medical Image Analysis

Aidoc

Arterys

Brainomix

Enlitic

EnvoyAI

Huiying Medical Tech Co.

IDx

Imagen Technologies

MaxQ-AI (formerly MedyMatch Technology)

Quantitative Insights

Riverain Tech

Viz.AI

Vuno

Growth Opportunities

5 Major Growth Opportunities

Strategic Imperatives for AI Medical Image Analysis Solutions

Outlook—Top Ten Predictions for AI-Based Medical Image Analysis

Top 10 Predictions for 2018–2022

Legal Disclaimer

Appendix

Imaging Modality Focus for Medical Imaging AI Companies

Which Modalities have been Tackled by Imaging AI Vendors?

Coverage of Companies

Universe of Medical Image Analysis AI Companies

Universe of Imaging Modality Companies

Universe of Clinical Specialty Focus Companies

Universe of Disease Focus Companies

List of Exhibits

The Frost & Sullivan Story

List of Figures
  • 1. Medical Image Analysis AI Market: Top 10 Predictions, Global, 2018–2022
  • 2. Medical Imaging AI Market: Imaging Modality Focus of Medical Imaging AI companies, Global, 2018
  • 3. Medical Imaging AI Market: Coverage of Medical Imaging AI companies, Global, 2018
  • 4. Medical Imaging AI Market: Universe of Medical Imaging AI Companies, Global, 2018
  • 5. Medical Imaging AI Market: Universe of Medical Imaging AI Companies for Imaging Modality Focus, Global, 2018
  • 6. Medical Imaging AI Market: Universe of Medical Imaging AI Companies for Clinical Specialty Focus, Global, 2018
  • 7. Medical Imaging AI Market: Universe of Medical Imaging AI Companies for Disease Focus, Global, 2018
List of Charts
  • 1. Medical Image Analysis AI Market: Three Enabling Market Assets, Global, 2018
  • 2. Medical Image Analysis AI Market: C2A Value Creators, Global, 2018
  • 3. Medical Image Analysis AI Market: AI Use Cases Across the Medical Imaging Workflow, Global, 2018
  • 4. Medical Image Analysis AI Market: Factors Propelling the Market Forward, Global, 2018
  • 5. Medical Image Analysis AI Market: Application of AI-Powered Imaging Analytics Across the Imaging Chain, Global, 2018
  • 6. Medical Image Analysis AI Market: AI Imaging Analytics Applications Along the Hype Cycle, Global, 2018
  • 7. Medical Image Analysis AI Market: Market Ecosystem, Global, 2018
  • 8. Medical Image Analysis AI Market: Ecosystem Partnerships, Global, 2018
  • 9. Medical Image Analysis AI Market: Medical imaging AI Start-ups by Founding Year, Global, 2011–2017
  • 10. Medical Image Analysis AI Market: Cumulative Number of Start-ups by Founding Year, Global, 2009– 2017
  • 11. Medical Image Analysis AI Market: Timeline of Medical Imaging AI Startups Founding, Global, 2011–2017
  • 12. Medical Image Analysis AI Market: Medical Imaging AI Development Timeline, Global, 1950–2018
  • 13. Medical Image Analysis AI Market: Select US FDA Regulatory Milestones, Global, 2017–2018
  • 14. Medical Image Analysis AI Market: AI Training, Inferencing and Continuous Learning, Global, 2018
  • 15. Medical Imaging AI Market: Select Digital Pathology Vendor Highlights, Global, 2018
  • 16. Medical Imaging AI Market: Select Endoscopy Vendor Highlights, Global, 2018
  • 17. Medical Image Analysis AI Market: Fundamental Incentives for AI, Global, 2018
  • 18. Medical Image Analysis AI Market: Medical Imaging AI Companies Regional Distribution by Country of Origin, Global, 2018
  • 19. Medical Image Analysis AI Market: Venture Capital Firms Investing in Medical Imaging AI by Type and Country of Origin, Global, 2018
  • 20. Medical Image Analysis AI Market: Top 10 Ranked Medical Imaging AI Start-ups by Funding Amounts and Country of Origin, Global, 2018
  • 21. Medical Image Analysis AI Market: Medical Imaging AI Companies by Focus on Medical Specialties, Global, 2018
  • 22. Medical Image Analysis AI Market: Number of Medical Imaging AI Companies Focused on Organs, Global, 2018
  • 23. Medical Image Analysis AI Market: Imaging Modality Focus of Medical Imaging AI Companies, Global, 2018
  • 24. Medical Image Analysis AI Market: Imaging Modality Focus of Medical Imaging AI Companies, Global, 2018
  • 25. Medical Image Analysis AI Market: Top 4 Imaging Equipment OEMs by Intensity of AI Efforts, Global, 2018
  • 26. Medical Image Analysis AI Market: IBM Watson Health, SWOT Analysis, Global, 2018
  • 27. Medical Imaging AI Market: Number of Modalities Targeted by Medical Imaging AI Companies, Global, 2018
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