Claim your 30% discount on Global Market Reports with code ONLINE30. Limited time only.
How Has The Artificial Intelligence In Oncology Market Growth Evolved From 2024 To 2025, And What’s Ahead?
In recent times, the size of the market for artificial intelligence in oncology has seen substantial growth. This market is projected to increase from $1.78 billion in 2024 to $2.35 billion in 2025, with a compound annual growth rate (CAGR) of 31.5%. This growth during the historic period is the outcome of escalated incidences of cancer, data accumulation in medical fields, optimization of clinical trials, rising demand for personalized medicinal approach, and enhanced efficiency in the branches of radiology and pathology.
The market for artificial intelligence in oncology is predicted to experience substantial growth in the coming years, expanding to $7.55 billion by 2029 at a compound annual growth rate (CAGR) of 34.0%. The escalation during the forecast period can be ascribed to the amalgamation with electronic health records (EHR), broadening uses in treatment decision assistance, patient involvement and enlightenment, regulatory backing, and normalization. Key trends for the forecast duration include the incorporation of natural language processing (NLP) in healthcare, the application of AI in biomarker detection, emphasis on interpretable AI for clinical integration, the inclusion of AI in population health administration, partnerships between AI developers and healthcare providers, and progression in predictive analytics.
Download a free sample to assess the report’s scope and structure:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13130&type=smp
What Are the Primary Drivers Supporting the Market Growth of the Artificial Intelligence In Oncology Market?
The anticipated surge in cancer occurrences is predicted to propel the expansion of the AI in oncology industry. Cancer, a complicated array of illnesses, is marked by uncontrolled cell growth and division. The incorporation of AI into oncology holds the potential to significantly transform cancer treatment by enhancing precision, personalization, and efficiency. For instance, per a report from the American Cancer Society Inc., a voluntary health organization based in the US, the forecasted number of new cancer cases rose from 1.8 million to 1.9 million in 2023. Consequently, the increasing prevalence of cancer is stimulating the progress of the AI in oncology industry.
Which Primary Segments of the Artificial Intelligence In Oncology Market Are Driving Growth and Industry Transformations?
The artificial intelligence in oncologymarket covered in this report is segmented –
1) By Component: Software Solutions; Hardware; Services
2) By Treatment Type: Chemotherapy; Radiotherapy; Immunotherapy; Other Treatment Types
3) By Cancer Type: Breast Cancer; Lung Cancer; Prostate Cancer; Colorectal Cancer; Brain Tumor; Other Cancer Types
4) By Application: Cancer Detection; Drug Discovery; Drug Development; Other Applications
5) By End-Users: Hospitals; Diagnostic Centers; Pharmaceutical Companies; Research Institutes; Other End Users
Subsegments:
1) By Software Solutions: Diagnostic Software; Treatment Planning Software; Patient Management Software; Data Analytics Platforms
2) By Hardware: AI-Enabled Imaging Devices; High-Performance Computing Systems; Wearable Health Monitors
3) By Services: Consulting Services; Integration Services; Maintenance And Support Services
Request customized data on this market:
https://www.thebusinessresearchcompany.com/customise?id=13130&type=smp
Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of the Artificial Intelligence In Oncology Market?# Market?
North America was the largest region in the AI in oncology 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 oncology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Are the Most Significant Market Trends in the Artificial Intelligence In Oncology Market?
Key industry players in the AI oncology market are concentrating their efforts on innovating new software, including cloud-based applications, to boost their effectiveness and deliver better solutions. Cloud-based software is critical in AI-driven oncology applications as it offers a scalable, flexible and readily available platform for processing and interpreting vast amounts of medical information. In March 2023, Illumina Inc., a biotech firm based in the U.S., rolled out Connected Insights, a fresh cloud-based software that simplifies tertiary analysis for oncology applications. Incorporation of external knowledge bases in Connected Insights simplifies the interpretation and reporting of results from different assay types, enabling laboratories to maximize their utilization of NGS (Next-Generation Sequencing) and expedite the turnaround time for clinical reports.
View the full report here:
What Parameters Are Used to Define the Artificial Intelligence In Oncology Market?
Artificial intelligence in oncology refers to applying artificial intelligence (AI) technologies and techniques in cancer diagnosis, treatment, research, and patient care. The goal of AI in oncology is to improve outcomes for cancer patients by leveraging computational methods to identify patterns, predict outcomes, and support evidence-based decision-making across the continuum of cancer care.
Purchase the full report and get a swift delivery:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13130
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 310-496-7795
Europe +44 7882 955267
Asia & Others +44 7882 955267 & +91 8897263534
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model