logo image
search icon
Radiomics Market

Radiomics Market Size, Share & Trends Analysis Report By Modality (Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Positron-Emission-Tomography (PET), Others), By Image Type (2D v/s 3D), By Technology (Engineered Features v/s Deep Learning), By Application, By Region, And Segment Forecasts, 2024-2031

Report ID : 1711 | Published : 2024-06-14 | Pages: 180 | Format: PDF/EXCEL

The Global Radiomics Market Size is predicted to witness a 16.30% CAGR during the forecast period for 2024-2031.

radiomics

Radiomics, which stands for the extraction of data that may be mined from diagnostic devices, has been used in chemotherapy to enhance diagnosis, prognosis, and clinical management support to provide precision medicine. Emerging nations are concentrating on combining their AI efforts, which will assist businesses in integrating AI with medical imaging to increase their revenue share significantly. The strategy calls for significant government financing and investments to accelerate businesses' adoption of AI technology, and this is likely to drive the radiomics market growth. 

Accurate illness diagnosis and treatment are made possible by medical imaging, which is a crucial component of healthcare. Technology and digital data have revolutionized the photographic industry. As a result, the adoption of AI-based solutions in the healthcare industry has expanded over the past several years. In the future years, these factors are expected to propel the radiomics market expansion.

The adoption of AI technologies for medical purposes has increased due to increased awareness of the advantages of these technologies and their wide-ranging applications in the healthcare industry, supporting the market. However, the market is still developing, so some challenges may arise before AI becomes standard in this field. 

Competitive Landscape:

Some of the radiomics market players are:

  • io (Computational Imaging & Bioinformatics Lab)
  • Radiomics Bio (Belgium)
  • Health Innovation Ventures (HIV)
  • SOPHiA GENETICS SA
  • HealthMyne, Inc
  • Oncoradiomics
  • ptTheragnostic 

Market Segmentation:

The radionics market is segmented on modality, image type, technology and application. Based on modality, the market is segregated into magnetic resonance imaging (MRI), computed tomography (CT), positron-emission-tomography (PET) and others. The radionics market is segmented into 2D and 3D based on image type. Based on the technology, the radionics market is segmented into engineered features, deep learning, and radionics. Based on application, the radionics market is segmented into nuclear medicine, medical imaging, precision medicine, oncology, etc.

Based On Technology, The Deep Learning Segment Is A Major Contributor To The Radiomics Market

The market's leading segment is deep learning. Numerous end-user sectors have implemented deep learning technology, which will advance much further in the ensuing years. A type of machine learning known as deep learning teaches computers to perform tasks that come effortlessly to people. The two worldwide deep-learning market trends fostering the sector's expansion are the expansion of big data and the increased adoption of cloud-based technologies. Numerous artificial intelligence (AI) apps and solutions rely on deep learning to enhance automation by completing manual and analytical activities without human participation.

The Medical Imaging Segment Witnessed Growth At A Rapid Rate

Medical imaging grabbed the highest revenue share, and it is anticipated that it will continue to hold that position during the anticipated time. With X-rays, CT scans, MRIs, and other imaging devices, medical imaging creates photographs of the body for diagnosis or treatment purposes. Due to the increased use of medical imaging in evaluating and treating illnesses and injuries, the market for medical imaging is expanding quickly. In addition, the introduction of technologically advanced gadgets and funding for healthcare infrastructure, particularly in developing nations like China and India, are a few significant factors projected to impact the market's growth significantly.

The North American Radionics Market Holds A Significant Revenue Share In The Region

The North American radiomics market position is expected to register the highest market share in revenue shortly. The presence of numerous industry players and the frequent introduction of new products are the main drivers of regional market expansion. Due to attractive reimbursement conditions and funding from market players, the region shows strong adoption of cutting-edge, high-end medical imaging equipment. In addition, Asia Pacific is projected to grow rapidly in the global radiomics market.

The above elements are anticipated to propel the regional market, along with the aging population, an increase in chronic disease instances, and a rising trend of preventative diagnostic techniques. 

Radiomics Market Report Scope:

Report Attribute

Specifications

Growth rate CAGR

CAGR of 16.3% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Billion, and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments Covered

Modality, Image Type, Technology And Application

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; Southeast Asia

Competitive Landscape

Radiomics.io (Computational Imaging & Bioinformatics Lab), Radiomics Bio (Belgium), Health Innovation Ventures (HIV), SOPHiA GENETICS SA, HealthMyne, Inc., Oncoradiomics, ptTheragnostic.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Radiomics Market Snapshot

Chapter 4. Global Radiomics Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Modality Estimates & Trend Analysis
5.1. by Modality & Market Share, 2023 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Modality:

5.2.1. Magnetic Resonance Imaging (MRI)
5.2.2. Computed Tomography (CT)
5.2.3. Positron-Emission-Tomography (PET)
5.2.4. Others

Chapter 6. Market Segmentation 2: by Image Type Estimates & Trend Analysis
6.1. by Image Type & Market Share, 2023 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Image Type:

6.2.1. 2D
6.2.2. 3D

Chapter 7. Market Segmentation 3: by Technology Estimates & Trend Analysis
7.1. by Technology & Market Share, 2023 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Technology:

7.2.1. Engineered Features
7.2.2. Deep Learning

Chapter 8. Market Segmentation 4: by Application Estimates & Trend Analysis
8.1. by Application & Market Share, 2023 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

8.2.1. Nuclear Medicine
8.2.2. Medical Imaging
8.2.3. Precision Medicine
8.2.4. Oncology
8.2.5. Others

Chapter 9. Radiomics Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Modality, 2024-2031
9.1.2. North America Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Image Type, 2024-2031
9.1.3. North America Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
9.1.4. North America Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.1.5. North America Radiomics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

9.2. Europe

9.2.1. Europe Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Modality, 2024-2031
9.2.2. Europe Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Image Type, 2024-2031
9.2.3. Europe Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
9.2.4. Europe Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.2.5. Europe Radiomics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

9.3. Asia Pacific

9.3.1. Asia Pacific Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Modality, 2024-2031
9.3.2. Asia Pacific Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Image Type, 2024-2031
9.3.3. Asia-Pacific Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
9.3.4. Asia-Pacific Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.3.5. Asia Pacific Radiomics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

9.4. Latin America

9.4.1. Latin America Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Modality, 2024-2031
9.4.2. Latin America Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Image Type, 2024-2031
9.4.3. Latin America Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
9.4.4. Latin America Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.4.5. Latin America Radiomics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

9.5. Middle East & Africa

9.5.1. Middle East & Africa Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Modality, 2024-2031
9.5.2. Middle East & Africa Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Image Type, 2024-2031
9.5.3. Middle East & Africa Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
9.5.4. Middle East & Africa Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.5.5. Middle East & Africa Radiomics Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles


10.2.1. Radiomics.io (Computational Imaging & Bioinformatics Lab)
10.2.2. Radiomics Bio (Belgium)
10.2.3. Health Innovation Ventures (HIV)
10.2.4. SOPHiA GENETICS SA
10.2.5. HealthMyne, Inc
10.2.6. Oncoradiomics
10.2.7. ptTheragnostic
10.2.8. Other Prominent Players

Segmentation of Radiomics Market-

Radiomics Market By Modality:

  • Magnetic Resonance Imaging (MRI)
  • Computed Tomography (CT)
  • Positron-Emission-Tomography (PET)
  • Others 

radiomics

Radiomics Market By Image Type:

  • 2D
  • 3D

Radiomics Market By Technology:

  • Engineered Features
  • Deep Learning

Radiomics Market By Application:

  • Nuclear Medicine
  • Medical Imaging
  • Precision Medicine
  • Oncology
  • Others

Radiomics Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

user icon
office icon
mail icon
call icon

This website is secure, and we do not share your personal information with any third party. Privacy Policy

Need Customization
Need specific information/chapter from the report of the custom data table, graph or complete report? Tell us more.

Frequently Asked Questions

What is the Radiomics Market Growth?

Radiomics.io (Computational Imaging & Bioinformatics Lab), Radiomics Bio (Belgium), Health Innovation Ventures (HIV)

Our Clients

  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo

Media Citations

  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo

Growth opportunities and latent adjacency in Medical Devices

Select Licence Type
$4456
$7786
$10000
$1200
Get Your GTM Strategy

Navigate market entry with channel selection, launch strategy & timeline, and pricing model support.

Equip yourself with the insights needed to develop a winning go-to-market strategy

Get real-time updates and joint control over project direction with our collaborative approach