AI in radiology market to be valued at $4.24b by 2031

Cloud-based platforms are accelerating the sector’s growth.

The global artificial intelligence (AI) in radiology market is expected to reach $4.24b by 2031 at a compound annual growth rate of 9%, according to Valuates Reports.

The sector’s expansion is driven by healthcare providers and technology vendors looking to optimise imaging workflows and outcomes.

Cloud-based platforms are accelerating market growth by offering scalable, real-time, and cost-effective infrastructure for medical imaging analysis.

“These platforms allow radiologists to upload, process, and analyse large volumes of imaging data across locations without investing in expensive on-premise systems,” the report said.

Meanwhile, radiology departments worldwide face growing pressure amidst the increasing volume of imaging studies and a shortage of skilled radiologists.

“AI serves as a supportive solution by automating repetitive tasks like image labelling, prioritising critical cases, and pre-analysing scans to reduce turnaround time,” it added.