2025 Artificial Intelligence In The Diagnostic Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Artificial Intelligence In The Diagnostic Market Size By 2025?
In recent times, the size of the diagnostic market employing artificial intelligence has seen substantial expansion. It's projected to expand from a valuation of $4.29 billion in 2024 to an impressive $5.99 billion in 2025, with a compound annual growth rate (CAGR) of 39.5%. Factors such as the growing disease prevalence, availability of data, reduction in costs, regulatory backing, and heightened awareness have contributed to the growth experienced in the historical period.

How Big Is the Artificial Intelligence In The Diagnostic Market Size Expected to Grow by 2029?
The projected growth of the artificial intelligence in the diagnostic market is expected to rise significantly in the upcoming years, estimated to reach a size of $22.59 billion by 2029 with a compound annual growth rate (CAGR) of 39.4%. This acceleration in growth can be linked to the rise of personalized medicine, a swift surge in the volume of healare data, global health crises, additional funds, and improved integration with healare systems. Key foroming trends involve collaborations and increased funding, technological achievements, concerns regarding data privacy and security, the emergence of explainable ai (xai), and an expanding function of computer vision.

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Which Key Market Drivers Powering Artificial Intelligence In The Diagnostic Market Expansion and Growth?
The increasing incidence of chronic diseases is projected to spur the expansion of AI in the diagnostics market. Chronic diseases, which are health conditions that last for a long duration often throughout a person's lifespan, when diagnosed using AI-based processes, allow early detection, prognosis, improved decision support systems, remote patient monitoring, cost-saving, and personalised treatments by analysing the patient's genetic code and the progression of the disease. As per the World Health Organization in September 2023, a Switzerland based specialised agency of the United Nations, there were 41 million deaths per year making up for 74% of non-communicable diseases (NCD) or chronic disease-related deaths globally. Furthermore, out of these, approximately 17.9 million deaths were due to cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Hence, the escalating incidence of chronic diseases is fueling the expansion of AI in the diagnosing market.

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Which Fast-Growing Trends Are Poised to Disrupt the Artificial Intelligence In The Diagnostic Market?
Leading enterprises in the AI in diagnostics sector are innovating with new technologies such as AI modules, aiming to outshine their competition. An AI module represents a stand-alone software segment that wraps specific AI skills or features. For example, in March 2023, Qritive, an AI-powered solutions provider based in Singapore, introduced QAi Prostate for diagnosing prostate cancer. QAi Prostate is capable of accurately identifying the most prevalent type of prostate cancer, thereby enhancing diagnostic precision and minimizing false positives. This tool assists pathologists in differentiating between cancerous and non-cancerous tissue sections, contributing to better-informed treatment choices. QAi Prostate also enables prioritization of cases for quicker diagnosis and reporting, thereby enhancing operational efficiency and patient care.

What Are the Emerging Segments in the Artificial Intelligence In The Diagnostic Market?
The artificial intelligence in the diagnostic market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Technology: Machine Learning, NLP (Natural Language Processing), Context-Aware Computing, Computer Vision
3) By Diagnosis Type: Radiology, Pathology, Cardiology, Oncology, Neurology, Chest And Lung, Other Diagnosis Types

Subsegments:
1) By Hardware: Imaging Devices, Diagnostic Equipment, Wearable Devices
2) By Software: Diagnostic Imaging Software, Data Analytics Software, Machine Learning Algorithms, Clinical Decision Support Systems
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Training Services

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Who Are the Global Leaders in the Artificial Intelligence In The Diagnostic Market?
Major companies operating in the artificial intelligence in the diagnostic market report are Google LLC, Microsoft Corporation, Intel Corporation, IBM Corporation, Siemens Healthineers, Koninklijke Philips N.V., GE Healare Technologies Inc., Paige.AI Inc., HeartFlow Inc., Aidoc Medical Ltd., AliveCor Inc., Butterfly Network Inc., Imagen Technologies, Digital Diagnostics Inc., Brainomix Ltd., NovaSignal Corp., Enlitic Inc., Nano-X Imaging LTD., EchoNous Inc., Zebra Medical Vision Ltd., Aidence B.V., Neural Analytics Inc., IDx Technologies Inc., icometrix N.V., Vuno Inc.

Which are the Top Profitable Regional Markets for the Artificial Intelligence In The Diagnostic Industry?
North America was the largest region in the artificial intelligence in 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 the diagnostic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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