The global market for healthcare machine vision systems is set to grow significantly in the coming years. This growth is mainly due to the rising demand for AI-powered machine vision systems, especially in the Asia-Pacific and LAMEA regions. The increasing need for digital infrastructure in healthcare sectors across these areas is driving this demand.
According to Allied Market Research’s report, Healthcare Machine Vision System Market Size, the market was valued at $617.40 million in 2021. It is projected to reach $4.5 billion by 2031. This represents a compound annual growth rate (CAGR) of 22.4% from 2022 to 2031.
A machine vision system, also called a computer vision system, is a device operated by a computer. It uses video cameras, digital signal processing, and analog-to-digital conversion to perform tasks depending on the application. Machine vision systems analyze images to guide devices in taking actions. For example, they can evaluate health metrics to help doctors and patients make better medical decisions.
This technology is widely used in surgery and pharmaceuticals. The growing use of rapid prototyping and 3D modeling has increased the demand for medical imaging tools such as CT and MRI scans, which rely on machine vision technology.
The growth of this market is supported by several factors. These include the increasing use of artificial intelligence (AI) and big data in healthcare, the rising need for automation, and the growing focus on personalized medicine. However, a shortage of skilled professionals limits the adoption of these systems, especially in developing countries.
On the other hand, the rise of cloud-based healthcare solutions offers new opportunities for market growth. These solutions make machine vision systems more accessible and efficient.
In 2021, the smart camera segment led the healthcare machine vision system market. Together, smart cameras and machine vision cameras with host PCs accounted for about 85.2% of the market share that year.
The increase in cloud-based solutions is boosting demand for smart cameras. This trend is expected to continue and strengthen the global machine vision system market in healthcare.
