AI in Respiratory Diseases Market Revenue Share Study Analysis Report

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AI in Respiratory Diseases Market- (By Indication (Chronic Obstructive Pulmonary Disease, Interstitial Lung Disease, Pulmonary Infection), By Imaging Type (MRI, CT Scan, ePRO), By End-use (Hospital, Diagnostic Centers, Ambulatory Surgical centers, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global AI in Respiratory Diseases Market is expected to show a CAGR of 29.4% during a forecast period of 2024-2031.

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The field of respiratory disease research, diagnosis, and management has advanced significantly thanks to artificial intelligence (AI), which has also produced creative ways to enhance patient outcomes. Diagnostic procedures are usually employed when respiratory infections are detected and treated in their early, most curable phases. Use of AI in Respiratory Conditions The significance of high-resolution CT in diagnosing fibrotic lung disease drives market expansion. Suppose the indications of idiopathic pulmonary fibrosis on a high-resolution CT scan resemble those of typical interstitial pneumonia. In that case, the condition can be diagnosed without needing a lung sample.

Furthermore, the use of AI in treating respiratory conditions is becoming more and more commonplace worldwide as the number of people with chronic illnesses and breathing difficulties keeps rising. The introduction of new digital tools is creating a fantastic explosion in the amount and complexity of data connected to healthcare, especially in fields like genetics, diagnostic imaging, and electronic health records.

An increasing number of AI-based applications with direct therapeutic value have been developed due to this explosive expansion. However, the need for knowledge among customers about alternative lung pollution treatments could be a barrier to the respiratory disorders market's growth.

List of Prominent Players in the AI in Respiratory Diseases Market:

• ArtiQ
• Dectrocel Healthcare
• DeepMind Health
• GE Healthcare
• Icometrix
• Infervision
• Philips Healthcare
• PneumoWave
• Respiray
• Siemens Healthineers
• Swaasa AI
• THIRONA
• Verily
• VIDA Diagnostics Inc
• Zynnon

Market Dynamics:
Drivers-

The growing demand for AI in respiratory diseases is fueled by the ever-increasing need for individualized care. The worldwide market for individualized care is fueling the expansion of AI applications in respiratory disease medicine. Medical therapies for respiratory illnesses will consider patient characteristics, including genetics, lifestyle, and the environment. As a result, the need for AI in respiratory diseases is expected to increase in the coming years.

Challenges:

The prime challenge is the need for familiarity with other methods, strict regulations, and drug adverse consequences markets because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of AI in the respiratory diseases market. However, Worldwide, people are increasingly at risk for developing serious health issues like diabetes, cancer, heart disease, and respiratory illnesses like chronic and obstructive pulmonary disease (COPD). The rising number of people living with chronic conditions is a major driver behind the use of AI in the treatment of respiratory ailments.

In a major way, COVID-19 has influenced the expansion of the global AI in the respiratory diseases market. The recent COVID-19 epidemic demonstrated the importance of artificial intelligence in handling medical emergencies and advancing our understanding of complex diseases.

Regional Trends:

The North American AI in respiratory diseases market is anticipated to record a major market share in terms of revenue. It is projected to grow at a high CAGR in the near future due to AI in respiratory diseases medicine produced in the area, and the industry invests much in R&D to boost the effectiveness of pharmacies. Increased pharmacy sector innovation and public awareness have led to a rising demand for AI in respiratory diseases in North America. Besides, Europe had a substantial share of the market because of a rise in both medicine availability and consumer awareness, and AI in respiratory diseases has become increasingly popular.

Moreover, the existence of key market players and the growing cooperation between major players for market penetration in the area enables an opportunity to grow the global AI in the respiratory diseases market.

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Recent Developments:

• In August 2023, Siemens Healthineers introduced the Acuson Origin1, a cardiovascular ultrasound system equipped with advanced AI functions. By addressing diagnostic, structural heart, electrophysiological, and pediatric treatments, the Acuson Origin aims to enhance patient outcomes and aid clinicians in performing minimally invasive cardiac procedures more effectively.


• In Nov 2021, A collaborative agreement has been established between GE Healthcare and Optellum with the aim of advancing the precision diagnosis & treatment of lung cancer. The collective efforts of these firms aim to tackle a significant obstacle in the detection of lung cancer, specifically aiding healthcare personnel in accurately assessing the cancerous nature of a lung nodule.

Segmentation of AI in Respiratory Diseases Market-
By Indication-

• Chronic Obstructive Pulmonary Disease
• Interstitial Lung Disease
• Pulmonary Infection

By Imaging Type -

• MRI
• CT Scan
• ePRO

By End-use -

• Hospital
• Diagnostic Centers
• Ambulatory Surgical centers
• Others

By Region-
North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-

• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.