Press release
Artificial Intelligence in Medical Diagnostics Market is expected to grow at a CAGR of 33.7% during the forecasted period | Evolve Business Intelligence
• The global Artificial Intelligence in Medical Diagnostics Market size was valued at USD 950.2 Million in 2022 growing at a CAGR of 33.7% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
As per the study initiated by Evolve Business Intelligence, the global Artificial Intelligence in Medical Diagnostics Market size accounted for USD 950.2 Million in 2022, growing at a CAGR of 33.7% from 2023 to 2033. Artificial Intelligence (AI) in Medical Diagnostics Market refers to the application of artificial intelligence technologies in the field of medical diagnostics. AI in medical diagnostics involves the use of advanced computational algorithms, machine learning, and other AI techniques to analyze medical data and assist healthcare professionals in diagnosing diseases, predicting patient outcomes, and making informed treatment decisions.
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The growth of the AI in Medical Diagnostics Market reflects the increasing adoption of AI technologies in healthcare settings, driven by the potential to improve diagnostic accuracy, efficiency, and patient outcomes. It is part of the broader trend toward digitization and data-driven decision-making in healthcare. The market encompasses a range of AI solutions, software platforms, and services provided by companies that specialize in developing and implementing AI technologies for medical diagnostics. This includes both established healthcare technology companies and startups dedicated to advancing AI applications in healthcare.
Key Players
Some of the major Artificial Intelligence in Medical Diagnostics Market players holding high market shares include IBM Corporation, Google LLC, Microsoft Corporation, NVIDIA Corporation and Siemens Healthineers. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include GE Healthcare, Aidoc, Butterfly Network and Zebra Medical Vision.
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Segmental Analysis
Based on Components, the Artificial Intelligence in Medical Diagnostics Market is segmented into hardware, software, and services. The software segment dominates the global market. One of the main forces pushing the sector forward is the rising need for AI-powered and cloud-based augmented diagnostics solutions, which aid in providing more diagnostics precision when evaluating medical images of a patient.
Based on Diagnostics Type, the Artificial Intelligence in Medical Diagnostics Market is segmented into cardiology, oncology, pathology, radiology, chest and lungs, and neurology. The neurology segment owns the highest market share. Growing older populations and rising rates of certain neurological conditions, including epilepsy, Alzheimer's disease, and Parkinson's disease, are boosting the need for accurate diagnoses and favorably affecting market expansion.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.
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