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Comprehensive Artificial Intelligence In Cardiology Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
What combination of drivers is leading to accelerated growth in the artificial intelligence in cardiology market?The significant prevalence of cardiovascular diseases is projected to stimulate the expansion of the artificial intelligence (AI) sector within cardiology. Cardiovascular diseases, which encompass all conditions affecting the heart and blood vessels, utilize AI for detection. AI aids in interpreting electrocardiograms (ECGs) and identifying diseases such as long QT syndrome and atrial fibrillation. Moreover, AI can effectively analyze extensive data from electronic health records, mobile health devices, and imaging data. A report published by the American Heart Association in January 2022 revealed that approximately 19.1 million global deaths in 2022 were caused by cardiovascular disease. The Centers for Disease Control and Prevention then reported in May 2023 that deaths in the US due to heart disease rose from 659,041 in 2019 to 695,000 in 2021. Consequently, the significant global prevalence of cardiovascular diseases is set to boost the application of AI in the cardiology market.
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What is the projected compound annual growth rate (CAGR) of the artificial intelligence in cardiology market from 2025 to 2034, and what factors influence it?
The market size for artificial intelligence in cardiology has experienced remarkable growth in the recent past. It is projected to expand from $1.97 billion in 2024 to $2.72 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 37.9%. Factors contributing to this growth during the historic period include a rising burden of cardiovascular disease, the availability of big data, the application of clinical decision support, the growing focus on preventative cardiology, and a lack of cardiovascular specialists.
Expectations are set for the market of artificial intelligence in cardiology to witness prolific expansion in the near future. This market is projected to surge up to $10.76 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 41.1%. The forecast period's growth is predicted due to factors such as the fusion with electronic health records, an aging populace, the use of wearable technology, remote monitoring, and the worldwide acceptance of telecardiology, and integrated cardiovascular imaging. The anticipated period is also expected to observe significant trends like technological progress in cardiovascular diagnostics, advancements in AI algorithms, the introduction of new drugs, and enhancements in medical imaging.
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How are the latest trends influencing the growth of the artificial intelligence in cardiology market?
In the artificial intelligence in cardiology market, a prominent trend is the introduction of new products powered by AI. To consolidate their market presence, significant market players are concentrating their efforts on creating innovative AI-driven cardiology products. For instance, a digital health company based in the US, Eko Health, unveiled a digital stethoscope platform known as SENSORA, designed to detect heart and pulmonary diseases, in February 2023. SENSORA utilizes the latest progress in machine learning and artificial intelligence to recognize structural murmurs indicative of valvular heart disease. The SENSORA platform is paired with a widely used medical tool, the stethoscope, integrating the newest breakthroughs in machine learning for the detection of cardiovascular diseases.
What are the major segments of the artificial intelligence in cardiology market and their role in driving growth?
The artificial intelligence in cardiology market covered in this report is segmented -
1) By Component: Hardware, Software Solutions, Services
2) By Application: Cardiac Arrhythmia, Stroke, Ischemic Heart Disease Or Coronary Artery Disease (CAD), Other Applications
3) By End-Use: Lifescience Companies, Healthcare Payers, Healthcare Providers
Subsegments:
1) By Hardware: Imaging Devices, Wearable Devices, Diagnostic Equipment
2) By Software Solutions: Cardiac Imaging Analysis Software, Predictive Analytics Tools, Patient Management Systems, Telemedicine Platforms
3) By Services: Consulting Services, Integration And Implementation Services, Maintenance And Support Services, Training And Education Services
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Which regions are key players in the growth of the artificial intelligence in cardiology market?
North America was the largest region in the artificial intelligence in cardiology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in cardiology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the artificial intelligence in cardiology market?
Major companies operating in the artificial intelligence in cardiology market include Microsoft Corporation, International Business Machines Corporation, Siemens Healthineers, Koninklijke Philips, Tempus Labs Inc., Ultromics Ltd, Bay Labs, Cleerly Inc., RSIP Vision Ltd., Idoven, Cardiologs Technologies Inc., Viz.ai, Aidoc, Arterys Inc., Zebra Medical Vision, Vista.ai, AliveCor, DiA Imaging Analysis, Eko Health Inc., Cardiomatics, UltraSight, Anumana Inc., Cardiai Inc.
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What Is Covered In The Artificial Intelligence In Cardiology Global Market Report?
• Market Size Forecast: Examine the artificial intelligence in cardiology market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the artificial intelligence in cardiology market for a structured understanding.
• Key Players Overview: Analyze major players in the artificial intelligence in cardiology market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence in cardiology market.
• Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence in cardiology market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence in cardiology market.
• Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence in cardiology market.
• Competitive Landscape: Review strategic developments in the artificial intelligence in cardiology market, including expansions, agreements, and new product launches.
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