Press release
AI In Medical Diagnostics Market Rising Trends, Key Leading Players, Trends Analysis, Industry Share And Forecast To 2033
AI In Medical Diagnostics Market
The ai in medical diagnostics market size is expected to see exponential growth in the next few years. It will grow to $16.94 billion in 2028 at a compound annual growth rate (CAGR) of 42.8%. The growth in the forecast period can be attributed to patient-centric approach, increasing healthcare expenditure, regulatory support and standards, enhanced clinical decision support, ai in disease prediction and prevention. Major trends in the forecast period include augmented radiology and imaging, ai-powered pathology, genomics and ai integration, predictive analytics in healthcare, natural language processing (nlp).
Market Overview -
AI in medical diagnostics refers to the use of artificial intelligence in the treatment and medical diagnostics. AI in medical diagnostics are used for medical imaging data including X-rays, MRIs, ultrasounds, CT scans, and DXAs to help doctors discover and diagnose diseases more precisely and rapidly.
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Rising Investments In Healthcare Sector To Drive Market Growth
The increasing investment in healthcare is expected to propel the growth of the AI in medical diagnostics market going forward. Health expenditure refers to the portion of total revenue that is spent by the public and private sectors for healthcare services. It provides employment for healthcare professionals, boosts earnings for healthcare employees, expands municipal tax revenues, and stimulates demand for associated goods and services that will support AI technology's application in healthcare. For instance, in February 2023, according to American Medical Association, a US-based professional organization company, from 2020 to 2021, health spending in the United States climbed by 2.7%, reaching $4.3 trillion, or $12,914 per person. Therefore, the increasing investment in healthcare is driving the growth of the AI in medical diagnostics market.
Competitive Landscape -
Major companies operating in the ai in medical diagnostics market report are International Business Machines Corporation, Siemens Healthineers AG, GE HealthCare Technologies Inc., Digital Diagnostics Inc., Heartflow Inc., Aidoc Medical Ltd., Koninklijke Philips N.V., Nanox Imaging Ltd., Microsoft Corporation, Nvidia Corporation, Intel Corporation, Xilinx Inc., Enlitic Inc., Aidence B.V., Butterfly Network Inc., Day Zero Diagnostics Inc., MicroHealth LLC, Arterys Inc., PathAI Inc., Zebra Medical Vision Inc., Tempus Labs Inc., Caption Health Inc., Proscia Inc., AliveCor Corporation, ResApp Health Limited, Volpara Health Technologies Limited, Koios Medical Inc., Ultromics Limited, MaxQ AI Ltd., Paige.AI Inc.
Product Innovations Transforming The AI In Medical Diagnostics Market
Product innovations are a key trend gaining popularity in the AI in medical diagnostics market. Major companies operating in the AI in medical diagnostics market are innovating new products to sustain their position in the market. For instance, in March 2023, Qritive, a Singapore-based software company, launched an AI-powered 'Qai Prostate' tool for prostate cancer diagnosis. This product can distinguish between benign and malignant tumors, precisely pinpoint the locations of prostatic cancer, and identify prostatic adenocarcinoma. It also increases lab productivity by enabling pathologists to select, prioritize, and select cases that are helpful to them.
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Key Segments -
The ai in medical diagnostics market covered in this report is segmented -
1) By Component: Software, Services
2) By Technology: Natural Language Processing, Computer Vision, Machine Learning, Context-Aware Computing, Other Technologies
3) By Specialty: Brain And Neurological, Oncology, Cardiac And Vascular, Chest And Lung, Obstetrics And Gynecology, Other Specialties
4) By Application: Computer-Aided Detection, Computer-Aided Diagnosis, Quantitative Analysis Tools, Clinical Decision
5) By End User: Hospitals, Diagnostics Imaging Centers, Diagnostics Laboratories, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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