Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

What Are the Projected Expansion Rates of the AI In Cancer Diagnostics Market for the Next Decade?

The sphere of AI in cancer diagnostics has seen a surge in market size over the past few years. There is an anticipated growth from $0.66 billion in 2024 to $0.79 billion in 2025, with a compound annual growth rate (CAGR) of 21.0%. The historical growth pattern can be credited to the rise in cancer cases, an overflow of data in the healthcare sector, favourable regulatory climate, an emphasis on precision medicine, and AI applications expanding beyond imaging.

A swift expansion is predicted for the AI in cancer diagnostics market over the upcoming years, escalating to $1.64 billion in 2029, with a compound annual growth rate (CAGR) of 19.9%. This surge during the forecast duration can be linked to the advent of explainable AI, increased global investment in healthcare IT, integration with electronic health records (EHR), spread of personalized medicine, and ongoing progress in AI algorithms. The period is also expected to witness notable trends such as advancements in imaging technologies, technological fusion, partnerships between healthcare and tech companies, emergence of digital pathology, and automation in histopathology.

Which Drivers Are Expected to Have the Greatest Impact on the ai in cancer diagnostics Market’s Growth?

The rising occurrence of cancer is projected to fuel the expansion of artificial intelligence within the field of cancer diagnostics. Cancer includes a variety of illnesses characterized by unusual cell proliferation that might potentially spread to other organs. The incorporation of AI into cancer care seeks to augment efficiency, precision, and custom-made treatment alternatives, ultimately leading to improved results for patients battling cancer. For example, the National Cancer Institute, a government agency in the U.S., revealed in May 2024 that approximately 2 million new cancer diagnoses are expected in the country by 2024, along with over 611,000 projected fatalities. By 2040, global new cancer case estimates are anticipated to elevate to 29.9 million, with deaths due to cancer escalating to 15.3 million. Consequently, the escalating occurrence of cancer is catalyzing the growth of artificial intelligence in the cancer diagnostics market.

Get Your Free Sample of the Global AI In Cancer Diagnostics Market Report Now!

https://www.thebusinessresearchcompany.com/sample.aspx?id=13567&type=smp

Which Companies Are Redefining the Future of the AI In Cancer Diagnostics Market?

Major companies operating in the AI in cancer diagnostics market report are:

• Microsoft Corporation_x000D_

• IBM Corporation_x000D_

• Babylon Healthcare Services Ltd._x000D_

• Verily Life Sciences LLC_x000D_

• Tempus_x000D_

What Trends Are Poised to Drive the Future Success of the AI In Cancer Diagnostics Market?

Significant growth is being observed among major firms in the AI in cancer diagnostics market due to the advancements in AI-empowered digital pathology solutions for cancer diagnosis. These solutions utilize artificial intelligence (AI) algorithms for the detection of cancer and other diagnostic aspects in a variety of tissue types, ensuring precise and prompt cancer diagnosis, aiding in prioritizing cases, and producing consistent diagnoses. For example, Dedalus & Ibex Medical Analytics, a health software company based in Europe, rolled out a comprehensive AI-empowered digital pathology solution for cancer diagnosis throughout Europe in November 2023. The goal of this solution is to bolster accuracy, offer AI-enabled decision support tools, streamline report generation, boost lab efficiency, and heighten diagnostic certainty.

Get Instant Access to the Global AI In Cancer Diagnostics Market Report with Swift Delivery!

https://www.thebusinessresearchcompany.com/report/ai-in-cancer-diagnostics-global-market-report

Which Primary Segments of the AI In Cancer Diagnostics Market Are Driving Growth and Industry Transformations?

The AI 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, Brain Tumor, Skin Cancer And Cervical Cancer, Prostate And Colorectal Cancer, Other Cancer Types

3) By Application: Screening And Diagnosis, Tumor Identification, Monitoring

4) By End User: Hospitals, Diagnostic Centers, Medical Research Institutes, Contract Research Organizations

Subsegments:

1) By Software Solutions: Machine Learning Software, Deep Learning Software, Image Analysis Software

2) By Hardware: AI-Powered Imaging Systems, Diagnostic Devices

3) By Services: AI Integration Services, Consulting And Training Services, Support And Maintenance Services

What Are the Leading Regions in the AI In Cancer Diagnostics Market Expansion?

North America was the largest region in the artificial intelligence in cancer diagnostics market in 2024. The regions covered in the ai in cancer diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Can We Define the AI In Cancer Diagnostics Market and Its Key Components?

AI in cancer diagnostics refers to the use of artificial intelligence technologies, such as machine learning and deep learning, to analyze medical images, genetic data, or patient histories to assist in the early detection, diagnosis, and prognosis of cancer. These systems can recognize patterns and anomalies in data that might be imperceptible to humans, increasing diagnostic accuracy and efficiency.

Browse Through More Similar Reports By The Business Research Company:

AI Infrastructure Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/ai-infrastructure-global-market-report

AI In Oil And Gas Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/ai-in-oil-and-gas-global-market-report

AI in Manufacturing Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/ai-in-manufacturing-global-market-report

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.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

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

Found this article helpful? Share it on: