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The Economic Impact of Artificial Intelligence in Medical Imaging

Author

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  • Florin Condrea

    (Institute of Mathematics of the Romanian Academy ”Simion Stoilow”, Bucharest, Romania)

Abstract

This study examines the economic impact of artificial intelligence in medical imaging, analyzing market trends and implementation mechanisms. The research reveals significant market growth, with the U.S. AI healthcare sector projected to reach USD 187.7 billion by 2030, growing at a CAGR of 35.8%. Analysis of workflow optimization demonstrates substantial efficiency gains, with reading time reductions up to 52.57% in concurrent reading scenarios and contouring time improvements between 30-50%. These findings indicate AI's transition from emerging technology to essential healthcare tool, suggesting continued innovation and value creation in medical imaging applications.

Suggested Citation

  • Florin Condrea, 2024. "The Economic Impact of Artificial Intelligence in Medical Imaging," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 164-168, December.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:164-168
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    More about this item

    Keywords

    artificial intelligence; medical imaging; economic impact; healthcare market; workflow optimization;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management

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