Artificial Intelligence In The Diagnostic Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theArtificial Intelligence In The Diagnostic Market?
The growth of AI in the diagnostics market is anticipated to accelerate due to the escalating occurrence of chronic diseases. These are prolonged health situations that endure over a significant timespan, typically throughout an individual’s life. The inclusion of AI-driven diagnostic methods in the management of chronic illnesses facilitates earlier detection, prognosis, improved decision support structures, remote patient monitoring, economizing expenses, and customizing treatments by examining individual genetic profiles and disease development stages. The World Health Organization, a specialized UN agency based in Switzerland, reported in September 2023 that there were 41 million annual deaths, accounting for 74% of deaths connected to non-communicable or chronic diseases worldwide. Additionally, approximately 17.9 million deaths result from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Thus, the surging occurrence of chronic diseases is propelling the expansion of AI in the diagnostics market.
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How Has the Artificial Intelligence In The Diagnostic Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The size of the artificial intelligence in the diagnostic market has seen significant expansion in the past years. It is projected to scale up from $4.29 billion in 2024 to $5.99 billion in 2025, achieving a compound annual growth rate (CAGR) of 39.5%. Factors such as an increase in the disease burden, availability of data, cost reductions, regulatory backing, and heightened awareness have contributed to this historic growth.
Expectations are set for the market size of artificial intelligence in diagnostics to experience significant surge in the upcoming years, growing to a robust $22.59 billion by 2029 with a compound annual growth rate (CAGR) of 39.4%. This growth rate projected for the forecast period may be due to factors such as the trending personalized medicine, a swift upsurge in healthcare data, pressing global health issues, hike in investments, and improved integration with healthcare systems. Key trends forecasted for the period include increased collaboration and investment, technological advancements, concerns over data privacy and security, the emergence of explainable ai (xai), and a broader role of computer vision.
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What Are the Current Market Growth and Trends in theArtificial Intelligence In The Diagnostic Market That Industry Players Should Watch?
Key players in the AI in diagnostics market are innovating with new technologies like AI modules to stay competitive. AI modules are standalone software elements that encompass particular AI features or functions. For example, in March 2023, Qritive, an AI solutions company based in Singapore, introduced QAi Prostate for diagnosing prostate cancer. This tool proficiently identifies the common type of prostate cancer, which could enhance diagnostic precision and decrease false positives. It assists pathologists in differentiating between cancerous and non-cancerous tissue areas, contributing to making informed treatment choices. QAi Prostate enables case prioritization for quicker diagnoses and report generation, thereby enhancing efficiency and patient care.
What Are the Major Market Players Making an Impact on theArtificial Intelligence In The Diagnostic Market Growth?
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 Healthcare 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.
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How Are the Key Segments of the Artificial Intelligence In The Diagnostic Market Driving Opportunities and Innovations?
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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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theArtificial Intelligence In The Diagnostic Market?# Market Expansion?
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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