Spending for machine learning in radiology expected to soar

The market for machine learning in medical imaging will continue to grow, reaching about $2 billion in annual expenditures worldwide by 2023. That's the estimate of Signify Research, a research organization based in the United Kingdom. Signify Research sees particularly rapid expansion of the market for algorithms using deep learning to support software used in image analysis. It estimates the market at less than $200 million this year, but growing to nearly $1.4 billion by 2023. The consultancy defines machine learning applications as encompassing software for automated detection, quantification, decision support and diagnosis.