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Artificial Intelligence In Oncology Global Market Report 2025: Projected Market Size, Key Driving Factors, and Emerging Trends
Artificial Intelligence In Oncology Market Size
What Is The Projected Market Size Of The Global Artificial Intelligence In Oncology Global Market Report 2025 And Its Growth Rate?
The artificial intelligence in oncology market has shown exponential growth in recent years and this trend is expected to continue.
•The market will grow from $1.78 billion in 2024 to $2.36 billion in 2025 at a CAGR of 32.4%.
•This growth can be attributed to rising cancer incidence, data proliferation in healthcare, demand for personalized medicine, efficiency in radiology and pathology, and clinical trial optimization.
•Further expansion is expected with a projected value of $7.6 billion by 2029 at a CAGR of 33.9%.
•Foreseen growth factors include integration with electronic health records, expanded applications in treatment decision support, patient engagement and education, regulatory support, upcoming standardization, focus on explainable AI for clinical adoption, and advancements in predictive analytics.
What Is Driving The Growth In The Artificial Intelligence In Oncology Global Market Report 2025?
Cancer, characterized by the uncontrolled growth of abnormal cells, is becoming increasingly frequent globally, propelling the growth of the AI in oncology market. The integration of AI into oncology offers the potential to revolutionize cancer care by making it more precise, personalized, and efficient. For instance, the American Cancer Society reported an increase of estimated new cancer cases from 1.8 million to 1.9 million in 2023.
Additionally, the adoption of cloud-based applications and services by pharmaceutical companies contributes to the growth of AI in the oncology market. Cloud computing enables researchers to access and analyze large-scale data, accelerating cancer research for precision medicine. For example, multi-cloud solutions are used by 89% of organizations surveyed for their storage and workloads in 2024.
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Who Are the Key Players Driving Artificial Intelligence In Oncology Global Market Report 2025 Growth?
Key players in the artificial intelligence in oncology market include:
•Azra AI
•IBM Corporation
•Siemens Healthcare GmbH
•Intel Corporation
•GE HealthCare
•NVIDIA Corporation
•Digital Diagnostics Inc.
•ConcertAI Inc.
•PathAI Inc.
•Median Technologies SA
•Kheiron Medical Technologies Ltd.
•Hampton Research Inc.
•Tempus Labs Inc.
•Paige AI Inc.
•Prognos Health Inc.
•Enlitic
•Inspirata Inc.
•Berg LLC
•Proscia Inc.
•Deep 6 AI Inc.
•Ibex Medical Analytics
•Nanox Imaging Ltd.
•Zebra Medical Vision
•Globavir Biosciences Inc.
What Are The Key Trends In The Artificial Intelligence In Oncology Global Market Report 2025?
Key trends in the artificial intelligence in oncology market include:
•Integration of natural language processing (NLP) in healthcare
•Use of AI in biomarker discovery
•Focus on explainable AI for clinical adoption
•Integration of AI in population health management
•Collaboration between AI developers and healthcare providers
•Advancements in predictive analytics
What Are The Segments Of The Global Artificial Intelligence In Oncology Global Market Report 2025?
The artificial intelligence in oncology market is segmented into:
1)By Component: Software Solutions, Hardware, Services
2)By Treatment Type: Chemotherapy, Radiotherapy, Immunotherapy, Other Treatment Types
3)By Cancer Type: Breast Cancer, Lung Cancer, Prostate Cancer, Colorectal Cancer, Brain Tumor, Other Cancer Types
4)By Application: Cancer Detection, Drug Discovery, Drug Development, Other Applications
5)By End-Users: Hospitals, Diagnostic Centers, Pharmaceutical Companies, Research Institutes, Other End Users
Which Region Leads The Artificial Intelligence In Oncology Global Market Report 2025?
In 2024, North America was the largest region in the AI in oncology market while Asia-Pacific is expected to be the fastest-growing region in the forecast period. The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Artificial Intelligence In Oncology Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Artificial Intelligence In Oncology Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artificial Intelligence In Oncology Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Artificial Intelligence In Oncology Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Artificial Intelligence In Oncology Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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