Press release
2025-2034 Artificial Intelligence In Cancer Diagnostics Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Artificial Intelligence In Cancer Diagnostics
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What Is the Expected CAGR for the Artificial Intelligence In Cancer Diagnostics Market Through 2025?_x000D_
The market size of artificial intelligence in cancer diagnostics has experienced prolific growth in the recent past. Projections show it will escalate from $0.39 billion in 2024 to $0.52 billion in 2025, representing a compound annual growth rate (CAGR) of 32.6%. The substantial growth in the historic period could be credited to factors such as a rise in cancer cases, accessibility of big data, the emergence of individualized oncology, initiatives in precision medicine, and the incorporation of genomic data._x000D_
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What's the Projected Size of the Global Artificial Intelligence In Cancer Diagnostics Market by 2029?_x000D_
In the forthcoming years, the market size for artificial intelligence in cancer diagnostics is predicted to undergo substantial expansion. It is expected to reach $1.54 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 31.1%. This projected growth during the forecast period can be linked to several factors including a shortage of clinicians, an aging population, the worldwide adoption of telemedicine, the merging of AI with electronic health records, and an increase in cancer screening programs. The forecast period will also witness significant trends such as rapid progress in AI algorithms, improvements in imaging technology, technological breakthroughs in pathology, forward strides in radiomics and radiogenomics, drug evolution, deep learning, and the use of AI for predictive biomarker discovery._x000D_
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Top Growth Drivers in the Artificial Intelligence In Cancer Diagnostics Industry: What's Accelerating the Market? _x000D_
The escalating occurrence of cancer will likely drive the expansion of artificial intelligence in the cancer diagnostics market. Cancer is characterized by unregulated cell growth, affecting multiple organs and causing significant global morbidity and mortality. In the realm of cancer diagnostics, artificial intelligence is employed for the precise and efficient analysis of medical imaging data, which aids in early detection and precise categorization of cancerous growths. For example, the World Health Organization, a Switzerland-based international entity, reported in February 2024 that approximately 20 million fresh cancer cases were identified in 2022, resulting in 9.7 million fatalities. It is estimated that about 53.5 million people were alive within five years after their cancer diagnosis. As a result, the escalating occurrence of cancer is predicted to drive the expansion of artificial intelligence in the cancer diagnostics market._x000D_
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What Trends Will Shape the Artificial Intelligence In Cancer Diagnostics Market Through 2029 and Beyond?_x000D_
The surge in technological advancements is a notable trend escalating in the realm of AI in the cancer diagnostics market. Noteworthy corporations in the market are focused on developing groundbreaking instruments for diverse cancer conditions to maintain their market standing. For instance, Qritive, a firm based in Singapore that offers AI-driven solutions to assist pathologists, introduced QAi Prostate in March 2023. This novel AI-empowered instrument facilitates diagnosis of prostate cancer. It can precisely detect areas of prostatic adenocarcinoma and distinguish between malignant and benign tumor zones in biopsy tissue examples. This tool delivers a comprehensive breakdown of tumor dimensions and percentages for each slide or area of particular interest (ROI), enabling pathologists to make well-informed decisions rapidly._x000D_
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What Are the Main Segments in the Artificial Intelligence In Cancer Diagnostics Market?_x000D_
The artificial intelligence in cancer diagnosticsmarket covered in this report is segmented - _x000D_
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1) By Component: Software Solutions, Hardware, Services_x000D_
2) By Cancer Type: Breast Cancer, Lung Cancer, Prostate Cancer, Colorectal Cancer, Brain Tumor, Other Types_x000D_
3) By Application: Screening And Diagnosis, Tumor Identification, Surveillance, Treatment_x000D_
4) By End-User: Hospitals, Medical Research Institute, Diagnostic Centers, Contract Research Organization_x000D_
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Subsegments:_x000D_
1) By Software Solutions: Imaging Analysis Software, Predictive Analytics Software, Decision Support Systems, Data Management Platforms _x000D_
2) By Hardware: Imaging Devices, Biomarkers Detection Equipment, Computing Infrastructure _x000D_
3) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training Services _x000D_
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Which Top Companies are Driving Growth in the Artificial Intelligence In Cancer Diagnostics Market?_x000D_
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. _x000D_
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Which Regions Will Dominate the Artificial Intelligence In Cancer Diagnostics Market Through 2029?_x000D_
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_x000D_
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