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Comprehensive AI in Cancer Diagnostics Market Research Report: Analyzing Current and Future Industry Scenarios || Microsoft Corporation, Pfizer Inc., Johnson & Johnson's, Siemens
Artificial Intelligence In Cancer Diagnostics Market
The Business Research Company's Artificial Intelligence In Cancer Diagnostics Global Market Report 2023 identifies the rising prevalence of cancer is the major driver for the artificial intelligence in cancer diagnostics market's growth in the forecast period. Cancer refers to uncontrolled cell growth, which impacts various organs and contributes to significant morbidity and mortality worldwide. Artificial intelligence is utilized in cancer diagnostics for accurate and efficient analysis of medical imaging data, aiding in the early detection and precise classification of cancerous lesions. For instance, in October 2022, according to Macmillan Cancer Support, the UK-based health care charity organization, around 3 million people in the UK had cancer in 2020.
The global artificial intelligence in cancer diagnostics market is expected to grow from $0.22 billion in 2022 to $0.3 billion in 2023 at a compound annual growth rate (CAGR) of 34.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The artificial intelligence in cancer diagnostics market is expected to reach $0.91 billion in 2027 at a CAGR of 32%.
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Major competitors in the artificial intelligence in cancer diagnostics market are Microsoft Corporation, Pfizer Inc., Johnson & Johnson's, Siemens, Roche Holding AG, Google LCC, International Business Machines Corporation, Thermo Fisher Scientific Inc., Oracle Corporation, GE Healthcare, Illumina Inc.
A key trend in the artificial intelligence in cancer diagnostics market includes technological advancement. Major companies operating in the market are concentrating on creating innovative tools for various cancer conditions and sustaining their position in the market. For instance, in March 2023, Qritive, a Singapore-based company engaged in AI-powered solutions to support pathologists, launched QAi Prostate, a new AI-powered tool for prostate cancer diagnosis. QAi Prostate can accurately identify prostatic adenocarcinoma regions and classify malignant and benign tumor areas in biopsy tissue samples..
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The Artificial Intelligence In Cancer Diagnostics market is segmented -
1) By Component: Software Solutions, Hardware, Services
2) By Cancer Type: Breast Cancer, Lung Cancer, Prostate Cancer, Colorectal Cancer, Brain Tumor, Other Types
3) By Application: Screening And Diagnosis, Tumor Identification, Surveillance, Treatment
4) By End-User: Hospitals, Medical Research Institute, Diagnostic Centers, Contract Research Organization
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the artificial intelligence in cancer diagnostics market
The Business Research Company's "Global Artificial Intelligence In Cancer Diagnostics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Artificial Intelligence In Cancer Diagnostics Market Include:
1. Executive Summary
2. Artificial Intelligence In Cancer Diagnostics Market Characteristic
3. Artificial Intelligence In Cancer Diagnostics Market Trends And Strategies
4. Artificial Intelligence In Cancer Diagnostics Market - Macro Economic Scenario
5. Artificial Intelligence In Cancer Diagnostics Market Size And Growth
……………
27. Artificial Intelligence In Cancer Diagnostics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Intelligence In Cancer Diagnostics Market
29. Artificial Intelligence In Cancer Diagnostics Market Future Outlook And Potential Analysis
30. Appendix
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