[Click eStock] "Deepnoid, Expected to Enter Remote Video Reading Report Market"

Sangsangin Securities analyzed on the 26th that it expects growth for Deepnoid due to its entry into the remote video reading report market.

Researcher Ha Taegi of Sangsangin Securities explained, "Although the sales scale in medical artificial intelligence (AI) is still small, expectations for future growth are high," adding, "Last year, sales of 700 million KRW were generated from DeepNeuro, DeepChest, and others."

He continued, "Sales will soon be generated toward large-scale screening centers," and added, "We plan to launch a generative AI-based automatic reading report creation solution (M4CXR) around the fourth quarter of this year, and meaningful sales are expected to occur from next year."

He emphasized, "The domestic market size for medical image reading amounts to about 1 trillion KRW, including 460 billion KRW in insurance reimbursement market, 500 billion KRW in domestic screening centers, and 120 billion KRW in outsourced reading," and added, "The goal is also to enter larger markets such as Japan and Asia, and in the long term, the outsourced remote reading markets in the United States and India."

Researcher Ha forecasted, "In terms of stock price, momentum for stock price increase may occur in the first half of this year if orders for security and machine vision are received," and "If the launch of medical AI, especially the reading report service (M4CXR), comes into view in the second half of this year, momentum for stock price increase will occur." He explained, "If orders and visions in medical AI materialize at the expected level this year, the current market capitalization of around 160 billion KRW is undervalued," and added, "It seems necessary to pay attention to the progress and growth of this year's business from a positive perspective on the stock price."