Product Code: r7718
“AI In Medical Diagnostics Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ai in medical diagnostics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for ai in medical diagnostics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ai in medical diagnostics market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Component: Software; Services
- 2) By Technology: Natural Language Processing; Computer Vision; Machine Learning; Context-Aware Computing; Other Technologies
- 3) By Specialty: Brain And Neurological; Oncology; Cardiac And Vascular; Chest And Lung; Obstetrics And Gynecology; Other Specialties
- 4) By Application: Computer-Aided Detection; Computer-Aided Diagnosis; Quantitative Analysis Tools; Clinical Decision
- 5) By End User: Hospitals; Diagnostics Imaging Centers; Diagnostics Laboratories; Other End Users
- Companies Mentioned: International Business Machines Corporation; Siemens Healthineers; GE HealthCare Technologies Inc.; Digital Diagnostics Inc.; Heartflow Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the ai in medical diagnostics market are: International Business Machines Corporation, Siemens Healthineers, GE HealthCare Technologies Inc., Digital Diagnostics Inc., Heartflow Inc., Aidoc Medical Ltd., Koninklijke Philips N.V., Nanox AI, Microsoft Corporation, Nvidia Corporation, Intel Corporation, Xilinx Inc., Enlitic Inc., Aidence, Butterfly Network Inc., Day Zero Diagnostics Inc., and MicroHealth LLC.
The global AI in medical diagnostics market is expected to grow from $1.99 billion in 2022 to $2.85 billion in 2023 at a compound annual growth rate (CAGR) of 43.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The AI in medical diagnostics market is expected to reach $11.75 billion in 2027 at a CAGR of 42.5%.
The AI in medical diagnostics market consists of revenues earned by entities by providing services such as magnetic resonance imaging (MRI), ultrasound, and computed tomography scans, robotic process automation, machine learning, natural language processing, and rule-based expert systems. The market value includes the value of related goods sold by the service provider or included within the service offering. AI in the medical diagnostics market also includes sales of dental devices, diabetes care devices, nephrology and urology devices, neurology devices, and physical robots which are used in providing AI in medical diagnostics services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
AI in medical diagnostics refers to the use of artificial intelligence in the treatment and medical diagnostics. AI in medical diagnostics are used for medical imaging data including X-rays, MRIs, ultrasounds, CT scans, and DXAs to help doctors discover and diagnose diseases more precisely and rapidly.
North America was the largest region in the AI in medical diagnostics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in AI in medical diagnostics report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main components of AI in medical diagnostics are software and services. Software used in medical diagnostics may detect a variety of signs, such as the unexpected proliferation of molecules in cells that may be a sign of a disease, using picture processing. The technologies used in this process are natural language processing, computer vision, machine learning, context-aware computing, and others, that are used in special diagnostics cases such as brain and neurological, oncology, cardiac and vascular, chest and lung, obstetrics and gynecology, and others. These are applied through computer-aided detection, computer-aided diagnosis, quantitative analysis tools, and clinical decision, used by hospitals, diagnostics imaging centers, diagnostics laboratories, and others.
The increasing investment in healthcare is expected to propel the growth of the AI in medical diagnostics market going forward. Health expenditure refers to the portion of total revenue that is spent by the public and private sectors for healthcare services. It provides employment for healthcare professionals, boosts earnings for healthcare employees, expands municipal tax revenues, and stimulates demand for associated goods and services that will support AI technology's application in healthcare. For instance, in February 2023, according to American Medical Association, a US-based professional organization company, from 2020 to 2021, health spending in the United States climbed by 2.7%, reaching $4.3 trillion, or $12,914 per person. Therefore, the increasing investment in healthcare is driving the growth of the AI in medical diagnostics market.
Product innovations are a key trend gaining popularity in the AI in medical diagnostics market. Major companies operating in the AI in medical diagnostics market are innovating new products to sustain their position in the market. For instance, in March 2023, Qritive, a Singapore-based software company, launched an AI-powered "Qai Prostate" tool for prostate cancer diagnosis. This product can distinguish between benign and malignant tumors, precisely pinpoint the locations of prostatic cancer, and identify prostatic adenocarcinoma. It also increases lab productivity by enabling pathologists to select, prioritize, and select cases that are helpful to them.
In April 2021, Siemens Healthineers, a Germany-based medical devices company, acquired Varian Medical Systems for an undisclosed amount. With this acquisition, Siemens Healthineers is in the greatest position to make two leaps, one in cancer treatment and one influence the healthcare system. Varian Medical Systems is a US-based oncology treatment and software maker offering artificial intelligence (AI)-powered personalized cancer care delivery systems in radiation oncology.
The countries covered in the AI in medical diagnostics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The AI in medical diagnostics market research report is one of a series of new reports from The Business Research Company that provides AI in medical diagnostics market statistics, including the AI in medical diagnostics industry global market size, regional shares, competitors with an AI in medical diagnostics market share, detailed AI in medical diagnostics market segments, market trends, and opportunities, and any further data you may need to thrive in the AI in medical diagnostics industry. This AI in medical diagnostics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. AI In Medical Diagnostics Market Characteristics
3. AI In Medical Diagnostics Market Trends And Strategies
4. AI In Medical Diagnostics Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On AI In Medical Diagnostics Market
- 4.2. Ukraine-Russia War Impact On AI In Medical Diagnostics Market
- 4.3. Impact Of High Inflation On AI In Medical Diagnostics Market
5. AI In Medical Diagnostics Market Size And Growth
- 5.1. Global AI In Medical Diagnostics Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global AI In Medical Diagnostics Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. AI In Medical Diagnostics Market Segmentation
- 6.1. Global AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Software
- Services
- 6.2. Global AI In Medical Diagnostics Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Natural Language Processing
- Computer Vision
- Machine Learning
- Context-Aware Computing
- Other Technologies
- 6.3. Global AI In Medical Diagnostics Market, Segmentation By Specialty, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Brain And Neurological
- Oncology
- Cardiac And Vascular
- Chest And Lung
- Obstetrics And Gynecology
- Other Specialties
- 6.4. Global AI In Medical Diagnostics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Computer-Aided Detection
- Computer-Aided Diagnosis
- Quantitative Analysis Tools
- Clinical Decision
- 6.5. Global AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hospitals
- Diagnostics Imaging Centers
- Diagnostics Laboratories
- Other End Users
7. AI In Medical Diagnostics Market Regional And Country Analysis
- 7.1. Global AI In Medical Diagnostics Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global AI In Medical Diagnostics Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific AI In Medical Diagnostics Market
- 8.1. Asia-Pacific AI In Medical Diagnostics Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China AI In Medical Diagnostics Market
- 9.1. China AI In Medical Diagnostics Market Overview
- 9.2. China AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India AI In Medical Diagnostics Market
- 10.1. India AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan AI In Medical Diagnostics Market
- 11.1. Japan AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia AI In Medical Diagnostics Market
- 12.1. Australia AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia AI In Medical Diagnostics Market
- 13.1. Indonesia AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea AI In Medical Diagnostics Market
- 14.1. South Korea AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe AI In Medical Diagnostics Market
- 15.1. Western Europe AI In Medical Diagnostics Market Overview
- 15.2. Western Europe AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK AI In Medical Diagnostics Market
- 16.1. UK AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany AI In Medical Diagnostics Market
- 17.1. Germany AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France AI In Medical Diagnostics Market
- 18.1. France AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe AI In Medical Diagnostics Market
- 19.1. Eastern Europe AI In Medical Diagnostics Market Overview
- 19.2. Eastern Europe AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia AI In Medical Diagnostics Market
- 20.1. Russia AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America AI In Medical Diagnostics Market
- 21.1. North America AI In Medical Diagnostics Market Overview
- 21.2. North America AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA AI In Medical Diagnostics Market
- 22.1. USA AI In Medical Diagnostics Market Overview
- 22.2. USA AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America AI In Medical Diagnostics Market
- 23.1. South America AI In Medical Diagnostics Market Overview
- 23.2. South America AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil AI In Medical Diagnostics Market
- 24.1. Brazil AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East AI In Medical Diagnostics Market
- 25.1. Middle East AI In Medical Diagnostics Market Overview
- 25.2. Middle East AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa AI In Medical Diagnostics Market
- 26.1. Africa AI In Medical Diagnostics Market Overview
- 26.2. Africa AI In Medical Diagnostics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa AI In Medical Diagnostics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. AI In Medical Diagnostics Market Competitive Landscape And Company Profiles
- 27.1. AI In Medical Diagnostics Market Competitive Landscape
- 27.2. AI In Medical Diagnostics Market Company Profiles
- 27.2.1. International Business Machines Corporation
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Siemens Healthineers
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. GE HealthCare Technologies Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Digital Diagnostics Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Heartflow Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The AI In Medical Diagnostics Market
29. AI In Medical Diagnostics Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer