AI in Medical Diagnostics Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

With the utilization of artificial intelligence in diagnosis, disease diagnosis becomes more efficient and lesser time-consuming. The increasing prevalence of chronic diseases overburdens the medical staff which acts as the propelling force for AI-based medical diagnostics. As per NCBI research 2020, the burnout rate in physicians is 43% in 2019. Furthermore, around 54% of urologists,  49% of nephrologists, and 34% of orthopedics were witnessing burnout in 2019. The rapidly rising geriatric population coupled with the frequent product launches coupled with the mergers and acquisitions attributed to the growth of artificial intelligence (AI) in the medical diagnostics market.

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According to UnivDatos Market Insights (UMI)’ research report “Global Artificial Intelligence (AI) in Medical Diagnostics Market Analysis, 2021”, the artificial intelligence (AI) in the medical diagnostics market is projected to grow at a CAGR of ~28% during 2021-27F. Deteriorating health coupled with the rising cost of medical treatment is one of the major reasons of concern across the globe owing to the advancement in medical technology. These factors are driving the worldwide demand for efficient diagnostic imaging solutions augmenting the growth of the market.

Based on the component, the market is categorized into software and services. The software segment is predicted to witness lucrative market growth during the forecast period. This is mainly due to the increasing demand for AI-based solutions that can help practitioners in the decision-making of a large number of cases and diagnoses of different diseases. Furthermore, continuous developments of AI-based software by the major players are responsible for the segmental growth in AI medical diagnostic market. For instance, in March 2022, the Paige launched software, Paige Breast Lymph Node, an AI medical device software that helps pathologists detect breast cancer.

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Based on application, the market is segmented into in vivo diagnostics and in vitro diagnostics. The in-vivo diagnostics is expected to witness significant market growth during the forecast period. The increasing prevalence of self-developed diseases such as neurological disorders is responsible for the growth of the segment during the forecast period. For instance, as per PAHO, a total of 533,172 global deaths were reported due to neurological disorders till 2019.

Based on end-user, the market is segmented into hospitals, diagnostic laboratories & centers, and others. The diagnostic laboratories & centers are predicted to have considerable market growth during the forecast period. The specialization of the diagnostic centers in the visualization and diagnosis along with the presence of skilled staff attributed to the significant market share of the diagnostic imaging centers in the AI in the medical diagnostics market.

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North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, North America dominated the global artificial intelligence (AI) in medical diagnostics market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the well-established market players and frequent product launches. North America is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Artificial Intelligence (AI) in Medical Diagnostics Market Analysis, 2021”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the artificial intelligence (AI) in the medical diagnostics market include Siemens Healthineers, Zebra Medical Vision, Inc., Riverain Technologies, Vuno, Inc., Aidoc, Neural Analytics, Imagen Technologies, Digital Diagnostics, Inc., GE Healthcare, and AliveCor Inc., among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Artificial Intelligence (AI) in Medical Diagnostics Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for artificial intelligence (AI) in medical diagnostics providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.      By Componen t(Software and Services)

2.      By Application (In vivo diagnostics and In vitro diagnostics)

3.      By End-users (Hospitals, Diagnostic Laboratories & Centers, and Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Siemens Healthineers, Zebra Medical Vision, Inc., Riverain Technologies, Vuno, Inc., Aidoc, Neural Analytics, Imagen Technologies, Digital Diagnostics, Inc., GE Healthcare, and AliveCor Inc., etc.)

Key questions answered in the study:

1.      What are the current and future trends of artificial intelligence (AI) in the medical diagnostics industry?

2.      How the industry has been evolving in terms of component, application, and end-users?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for artificial intelligence (AI) in the medical diagnostics industry?

5.      What is the customer orientation, purchase behavior, and expectations from the artificial intelligence (AI) in medical diagnostics firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL ARTIFICIAL INTELLIGENCE (AI) IN MEDICAL DIAGNOSTICS MARKET COVID-19 IMPACT

6 GLOBAL ARTIFICIAL INTELLIGENCE (AI) IN MEDICAL DIAGNOSTICS MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY COMPONENT

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY END-USERS

10 MARKET INSIGHTS BY REGION

11 ARTIFICIAL INTELLIGENCE (AI) IN MEDICAL DIAGNOSTICS MARKET DYNAMICS

12 ARTIFICIAL INTELLIGENCE (AI) IN MEDICAL DIAGNOSTICS MARKET OPPORTUNITIES

13 ARTIFICIAL INTELLIGENCE (AI) IN MEDICAL DIAGNOSTICS MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY-SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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