The Global Artificial Intelligence in Diagnostics Market is expected to grow from USD 4.5 billion in 2020 and expected to reach USD 46.1 billion at a CAGR 44.3 % over the forecast period. This is a latest report generated by Qualiket Research that provides in-depth insights, revenue details and other information regarding the Global Artificial Intelligence in Diagnostics Market.
AI (Artificial Intelligence) refers to creation of unique systems with the help of software which can perform certain tasks without human intervention and instructions. AI comprises integration of various technologies like machine learning, reasoning, perception, natural language processing. AI is primary used in healthcare sector for diagnosis and treatment.
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Increase in applications of AI (artificial intelligence) in healthcare industry is the key driving factor which is expected to boost the global artificial intelligence in diagnostics market growth. Furthermore, rise in demand for reducing diagnostic costs, reducing machine downtime and improving patient care will accelerate the usage of artificial intelligence in diagnostics and which is expected to propel the market growth during this forecast period. Also, increase in collaboration and partnership activities among various AI solution providers and health facilities will positively contribute the market growth. Moreover, continuous advancements in artificial intelligence and deep learning are expected to prove more efficient in identifying disease diagnosis over the upcoming years.
Impact of COVID 19
The Increase in prevalence of COVID 19 has positively influence healthcare related markets, one of them being Artificial Intelligence in healthcare. AI technologies are playing a vital role to combat the pandemic. An increase in the use of AI technologies to detect and diagnose the virus and retorting to the outbreak through personalized information.
On the basis of region, the global artificial intelligence market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America accounts for the largest regional market due to the rise in the biotechnology industry, growing cases for robotic surgery and well developed healthcare infrastructure. Also, Asia Pacific is expected to hold a healthy CAGR over the forecast period due to rise in the therapeutic demand for chronic diseases and rapidly growing healthcare sector.
The Global Artificial Intelligence in Diagnostics Market is segmented into component, diagnosis type, and region.
On the basis of component, the global artificial intelligence market is segmented into Software, Hardware, and Services. Also, on the basis of diagnosis type, the global artificial intelligence market is segmented into Cardiology, Oncology, Pathology, Radiology, Neurology, and Others.
Various key operating players are listed in this report including GE Healthcare, AliveCor, Vuno Inc., Imagen Technologies, Aidoc, Siemens Healthcare GmbH,Neural Analytics, Riverain Technologies, IDx Technologies Inc., and Zebra Medical Vision
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