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Artificial Intelligence In Cardiology Addresses The Global Burden Of Cardiovascular Diseases: Critical Driver Shaping the Artificial Intelligence In Cardiology Market in 2025
Artificial Intelligence In Cardiology
Artificial Intelligence In Cardiology Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for artificial intelligence in cardiology has witnessed substantial growth lately. The market is projected to increase from $1.97 billion in 2024 to $2.72 billion in 2025, with a noteworthy compound annual growth rate (CAGR) of 37.9%. The significant growth seen in the past can be credited to factors such as the rise in cardiovascular diseases, availability of big data, support in clinical decision-making, an enhanced emphasis on preventive cardiology, and a lack of cardiovascular specialists.
Artificial Intelligence In Cardiology Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the cardiology sector's artificial intelligence market is predicted to witness significant expansion. By 2029, it is projected to reach a value of $10.76 billion, with a compound annual growth rate (CAGR) of 41.1%. Several factors contribute to this projected growth during the forecast period, such as a fusion with electronic health records, an aging population, the use of wearable devices, remote monitoring, widespread adoption of telecardiology globally, and integrated cardiovascular imaging. The forecast period will also likely see major trends like technological progress in cardiovascular diagnostics, refinement of AI algorithms, the creation of new drugs, and advancements in the field of medical imaging.
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What Are the Drivers Transforming the Artificial Intelligence In Cardiology Market?
The continuing increase in cardiovascular illnesses is set to spur the expansion of artificial intelligence in the cardiology market. AI assists in the detection of heart and blood vessel diseases by providing support in electrocardiogram (ECG) interpretation and in identifying ailments like long QT syndrome and atrial fibrillation. It also handles an enormous volume of information from sources such as electronic health records, mobile health appliances, and imaging data. The American Heart Association, a U.S. nonprofit organization dedicated to cardiovascular medical research, reported in January 2022 that approximately 19.1 million deaths worldwide in 2022 were as a result of cardiovascular disease. According to the Centers for Disease Control and Prevention, a national public health agency, there was a jump in heart disease-related deaths in the U.S from 659,041 in 2019 to 695,000 in 2021 as reported in May 2023. Consequently, the intense impact of cardiovascular diseases globally will fuel the growth of artificial intelligence in the cardiology market.
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What Long-Term Trends Will Define the Future of the Artificial Intelligence In Cardiology Market?
The emergence of AI-backed cardiology products signifies a significant trend in the AI in cardiology market. Market leaders in AI for cardiology are steadily emphasising on crafting innovative AI-driven products to cement their market standing. For example, Eko Health, an American digital health firm, unveiled a digital stethoscope system, SENSORA, in February 2023, for diagnosing heart and lung conditions. SENSORA employs the latest gains in applied machine learning and AI to detect structural murmurs, indicative of valvular heart disease. The blend of the SENSORA system with a stethoscope, a common medical tool, along with cutting-edge developments in applied machine learning, facilitates the detection of cardiovascular diseases.
Which Segments in the Artificial Intelligence In Cardiology Market Offer the Most Profit Potential?
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 Firms Dominate the Artificial Intelligence In Cardiology Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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
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