AI in Diagnostics Market Research Report 2021 Overview by Growth, Trends, Developments, Manufacturing, Technological Innovation, Scope, Companies, Business Opportunities & Forecast 2028
A recent “2021 Global AI in Diagnostics Market” report published by Adroit Market Research provides in depth analysis of segments and sub-segments in global as well as regional markets, focuses on market trends, growth rate & leading players.
Dallas, United States – May 24, 2021 /MarketersMedia/ —
AI IN DIAGNOSTICS MARKET
Artificial Intelligence (AI) has emerged to be the advancing element in the global healthcare and diagnostics market. With a growing shortage of the public health workforces, the diagnostics market is facing a constant need for high technological aid spurging the opportunities for Artificial Intelligence in the global diagnostics market. There is an increasing demand for reducing diagnostics costs availing facilities worldwide coupled with improving patient care systems and significantly reducing machine down-time which is considered to augment the growth of the global AI in diagnostics market from a global perspective. Along with this, some other drivers include the demand for efficient report analysis and quicker diagnostic data regeneration systems. The AI in Diagnostics market was valued at USD 412.8 million in 2020 and is expected to grow at a CAGR of 35.5% over the forecast period from 2020 to 2028.
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The AI in diagnostics market segregates its offerings into a series of software and solutions. The software market segment accounts for the largest market share owing the higher market acceptance and development of AI-enabled software programmes aiding in effective diagnosis of diseases. Major advantage offered by the AI-infused cloud-based diagnostic solutions is to elevate the precision of diagnostic procedures along with interpretation of the medical images associated with a patient’s condition thoroughly escalating the demand and preferences inclining towards the adoption AI technology in diagnostics department of healthcare sector.
In addition to this, evolution of highly advanced AI software solutions in diagnostics comprises of a combination of multiple data sources such as CT, MRI, genomics and proteomics along with patient data enables a successful and efficient diagnosis is expected to propel the growth of the Artificial intelligence in diagnostics market substantially during the forecast period. the artificial intelligence in diagnostics offers solutions and services in different departments of a healthcare facility including oncology, cardiology, pathology, radiology, neurology and others. The radiology diagnostics segment is expected to project fastest market growth with maximum utilization of AI-based diagnostics services. The implementation of AI-enabled diagnostic procedures has enabled early detection neurological disorders such as Alzheimer’s, epilepsy, Parkinson’s disease and multiple sclerosis.
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North America holds the largest AI in diagnostics market owing to the highly advanced and well-established healthcare infrastructure coupled with IT incorporated healthcare services and solutions in medical diagnosis. The healthcare expenditure in North America is considered to be considerably higher with significant investments and funding enhancing the healthcare industry performance. Asia Pacific is observed to possess a lucrative market growth with increasing government initiatives to encourage the adoption of AI-based medical diagnostic solutions reducing costs and enhancing the precision of the diagnostic procedures.
Key players serving the global market include Aidoc, AliveCor, GE Healthcare, Imagen Technologies, Vuno Inc., IDx Technologies Inc., Siemens Healthcare GmbH, Neural Analytics, Riverain Technologies, Zebra Medical Vision, among other prominent players.
Key segments of the global AI in Diagnostics market
Component Overview, 2018-2028 (USD Million)
• Software
• Hardware
• Services
Application Overview, 2018-2028 (USD Million)
• Cardiology
• Oncology
• Pathology
• Radiology
• Chest and Lung
• Neurology
• Others
Regional Overview, 2018-2028 (USD Million)
• North America
o U.S.
o Canada
• Europe
o Germany
o United Kingdom
o France
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
• Middle East & Africa
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code – Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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