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Artificial Intelligence In Cancer Diagnostics Market Size Forecasted To Achieve $1.55 Billion By 2029 With Steady Growth
Artificial Intelligence In Cancer Diagnostics
What Is the Artificial Intelligence In Cancer Diagnostics Market Size and Projected Growth Rate?
The Artificial Intelligence In Cancer Diagnostics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Artificial Intelligence In Cancer Diagnostics Market Size and Projected Growth Rate?
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What Are the Major Segments in the Artificial Intelligence In Cancer Diagnostics Market?
The artificial intelligence in cancer diagnostics market covered in this report is segmented -
1) By Component: Software Solutions, Hardware, Services
2) By Cancer Type: Breast Cancer, Lung Cancer, Prostate Cancer, Colorectal Cancer, Brain Tumor, Other Types
3) By Application: Screening And Diagnosis, Tumor Identification, Surveillance, Treatment
4) By End-User: Hospitals, Medical Research Institute, Diagnostic Centers, Contract Research Organization
Subsegments:
1) By Software Solutions: Imaging Analysis Software, Predictive Analytics Software, Decision Support Systems, Data Management Platforms
2) By Hardware: Imaging Devices, Biomarkers Detection Equipment, Computing Infrastructure
3) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training Services
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What Are The Driving Artificial Intelligence In Cancer Diagnostics Market Evolution?
The escalating number of cancer cases is predicted to fuel the expansion of the artificial intelligence segment in the market for cancer diagnostics. Cancer, characterized by unchecked cell growth affecting diverse organs, adds significantly to worldwide morbidity and mortality rates. AI is employed in cancer diagnostics to enable precise and rapid analysis of medical imaging data, assisting in the early identification and accurate categorization of cancerous growths. For example, the World Health Organization reported in February 2024 that in 2022, a shocking 20 million new cancer cases were recorded, resulting in 9.7 million fatalities. Approximately 53.5 million people were alive five years after getting a cancer diagnosis. Consequently, the mounting incidence of cancer is likely to drive the growth of artificial intelligence in the cancer diagnostics market.
Which Firms Dominate The Artificial Intelligence In Cancer Diagnostics Market Segments?
Major companies operating in the artificial intelligence in cancer diagnostics market include Microsoft Corporation, Pfizer Inc., Johnson & Johnson's, Siemens, Roche Holding AG, Google LCC, International Business Machines Corporation, Thermo Fisher Scientific Inc., Oracle Corporation, GE Healthcare, Illumina Inc., Bio Rad Laboratories Inc., Flatiron Health, Tempus Labs Inc., Paige AI Inc., OncoHealth Corporation, Path AI Inc., Aidoc, Sophia Genetics SA, Digital Diagnostics Inc., Prognos Health, Aidence, Kheiron Medical Technologies Limited, Zebra Medical Vision, Niramai, Enlitic Inc., Therapixel, Medial EarlySign Ltd., Freenome, SkinVision B.V.
What Trends Are Expected to Dominate the Artificial Intelligence In Cancer Diagnostics Market in the Next 5 Years?
Advancements in technology are emerging as a prominent trend in the artificial intelligence aspect of the cancer diagnostics market. Companies holding significant shares in this market are focused on developing novel instruments designed particularly for diagnosing different types of cancer in order to maintain their market standing. For instance, Qritive, a firm based in Singapore that specializes in AI-enabled solutions to aid pathologists, unveiled a unique AI-based instrument for diagnosing prostate cancer, named QAi Prostate, in March 2023. QAi Prostate is capable of accurately pinpointing regions with prostatic adenocarcinoma and differentiating between benign and malignant tumor areas in biopsy tissue specimens. The instrument offers comprehensive data on the tumor's size and presence percentage in each slide or region of interest (ROI), enabling pathologists to make faster and more accurate decisions.
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Which Is The Largest Region In The Artificial Intelligence In Cancer Diagnostics Market?
North America was the largest region in the artificial intelligence in cancer diagnostics 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 cancer diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Intelligence In Cancer Diagnostics Market?
2. What is the CAGR expected in the Artificial Intelligence In Cancer Diagnostics Market?
3. What Are the Key Innovations Transforming the Artificial Intelligence In Cancer Diagnostics Industry?
4. Which Region Is Leading the Artificial Intelligence In Cancer Diagnostics Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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