LONDON, Oct. 24, 2023 (GLOBE NEWSWIRE) -- As per The Business Research Company’s Artificial Intelligence In Healthcare Diagnosis Global Market Report 2023, the global Artificial Intelligence (AI) in healthcare diagnosis market is poised for a remarkable surge, with a projected growth from $11.21 billion in 2022 to an impressive $16.28 billion in 2023, at a compound annual growth rate (CAGR) of 45.2%. The artificial intelligence in healthcare diagnosis market is on track to reach a staggering $71.24 billion by 2027, sustaining a CAGR of 44.6%. The growing incidence of chronic diseases is a key driving force behind the artificial intelligence in healthcare diagnosis market’s surge, as AI technology continues to revolutionize healthcare diagnosis.
Rising Incidence of Chronic Diseases Drives Market Growth
Chronic diseases have emerged as a global health concern, representing a significant share of deaths worldwide. According to the World Health Organization, an estimated 41 million deaths, accounting for 74% of all deaths, are attributed to non-communicable diseases (NCDs) annually. AI in healthcare diagnosis is primed to address these challenges, enabling cost-effective and personalized care while helping medical professionals make informed decisions and identify patients at risk.
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Major Players in the AI in Healthcare Diagnosis Market
Leading the charge in this transformative artificial intelligence in healthcare diagnosis market are prominent players including Johnson and Johnson Private Limited, Intel Corporation, IBM, Medtronic, Nvidia Corporation, Siemens Healthcare, Koninklijke Philips, GE Healthcare, Google Deep Mind, and more. These companies are making significant strides in technological advancement to secure their market positions, developing innovative AI solutions that promise to redefine healthcare diagnosis.
For example, in March 2023, Genomic Vision launched FiberSmart, an AI-powered software that automates the detection and quantification of fluorescent signals on combed DNA molecules. This technology is set to revolutionize DNA replication kinetics analysis, making it up to three times more accurate and ten times faster.
North America Dominates the Market
North America held the largest share of the artificial intelligence in healthcare diagnosis market in 2022, demonstrating its early adoption and leadership in AI-driven healthcare diagnosis.
Market Segmentation
The global AI in healthcare diagnosis market is segmented by component (Software, Services, Hardware), diagnosis (Cardiology, Oncology, Pathology, Radiology, Chest and Lung, Neurology, Other Diagnoses), modality (MRI, CT, X-ray, Ultrasound), application (In Vivo Diagnostics, In Vitro Diagnostics), and end-user (Hospitals, Diagnostics Imaging Centers, Diagnostics Laboratories, Other End-Users).
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Stakeholders across the healthcare sector can harness the insights provided by the "Artificial Intelligence In Healthcare Diagnosis Global Market Report 2023" to unlock new opportunities and drive business growth. Understanding the market dynamics, emerging trends, and the competitive landscape can help healthcare institutions, technology providers, and investors make informed decisions. As the artificial intelligence in healthcare diagnosis market continues to expand, the report serves as an invaluable resource for strategic planning and decision-making.
Artificial Intelligence In Healthcare Diagnosis Global Market Report 2023 by The Business Research Company provides insights on the artificial intelligence in healthcare diagnosis market size, artificial intelligence in healthcare diagnosis market segments, artificial intelligence in healthcare diagnosis market trends, drivers and restraints, major competitors’ market positioning, revenues and market shares.
The Business Research Company has published over 6,500+ industry reports, covering more than 2,500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
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