New York, May 27, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “AI in Medical Diagnostics Market: Segmented by Component; by Application; By End-User and Region – Global Analysis of Market Size, Share & Trends for 2019-2020 and forecasts until 2030” – https://www.reportlinker.com/p06192023/?utm_source=GNW
Image capture, processing, assisted reporting, tracking, data warehousing, data mining, and other artificial intelligence applications are all available. Machine learning combines computer models and algorithms with artificial neural networks to mimic the organic neural network (ANN) architecture of the brain. Deep learning has a higher success rate than traditional machine learning in terms of yield.
The Global AI in Medical Diagnostics Market is Expected to Project a Notable CAGR of 44.58% in 2030
Government initiatives to increase the adoption of AI, the growing demand for AI tools in the medical field, the growing emphasis on reducing the workload of radiologists, the influx of sets of large and complex data, growth in funding for AI-based start-ups, and increasing number of cross-industry partnerships and collaborations are all growth drivers in this market. Another key driver for market expansion is the use of this technology by a number of pharmaceutical and biotech companies across the world to accelerate the development of vaccines and drugs against COVID-19.
Recent Highlights in the Global AI in Medical Diagnostics Market
In 2020, Intel offered the first Intel-designed AI associate degree program in the United States, in collaboration with the Maricopa County Community College District (MCCCD). Thousands of students could pursue jobs in high tech, healthcare, automotive, manufacturing and aerospace.
In 2019, NVIDIA and King’s College London partnered to create an AI platform for the NHS. The aim of this collaboration is for the NHS to be able to train computers to automate the most time-consuming part of radiological interpretation.
Global AI in Medical Diagnostics Market: Segments
Software Segment Expected to Grow with Highest CAGR in 2020-30
The global AI in medical diagnostics market is segmented by component into software and services. Among these software, the growth is expected to be the highest during the forecast period. Despite the constraints of understaffing and managing growing volumes of imaging scans, software solutions help healthcare providers gain a competitive edge. This is a major driver for the expansion of the software market. Many companies develop software solutions for a variety of healthcare applications, which is a key driver for the growth of the software segment. The Services category is expected to grow in the second half of the projection period as hospitals and other healthcare service providers implement AI-driven healthcare IT solutions and operational support to healthcare providers. Health care.
Hospital Segment Expected to Grow with Highest CAGR in 2020-30
Global AI in Medical Diagnostics is divided by end user into Hospitals, Diagnostic Imaging Centers, Diagnostic Laboratories, Others. Among these hospitals held the largest share of 64.1% in 2019. The increasing number of diagnostic imaging operations performed in hospitals can be attributed to the high share of this segment. In addition to this increased interest by hospitals in automating and digitizing the radiology patient workflow, the increasing use by hospitals of minimally invasive treatments to improve the quality of patient care and the growing use by hospitals Sophisticated imaging modalities to improve workflow efficiency are also responsible for the growth of this segment. .
Growing number of cross-sector partnerships and collaborations
The increasing use of AI goods and services in the healthcare sector is due to a growing knowledge of the benefits brought by AI methods and their wide areas of application. Various major healthcare companies are forming alliances and collaborations with leading AI technology vendors to develop new AI-based solutions for healthcare applications. These tactics allow these market players to provide enhanced solutions to their consumers while strengthening their position in this rapidly changing market.
The reluctance of healthcare professionals to use AI-based technology
Due to the rapid rise of digital health, medical professionals can now help patients with innovative treatment techniques. AI technologies provide doctors with tools to help them diagnose and treat patients more effectively. Physicians, on the other hand, have shown reluctance to embrace new technologies. For example, there is a widely held belief among medical professionals that AI will eventually replace doctors. Physicians and radiologists believe that qualities such as empathy and persuasion are human abilities and advances in technology cannot entirely eliminate the need for a physician. Additionally, there are concerns that patients may become overly reliant on these technologies and forgo important in-person treatments, jeopardizing long-term doctor-patient relationships.
Global AI in Medical Diagnostics Market: Key Players
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis
Zero Day Diagnosis
Butterfly Network, Inc.
Zebra medical vision
Global AI in Medical Diagnostics Market: Regions
The global AI in medical diagnostics market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Global AI in medical diagnostics in North America held the largest market share in 2019. However, APAC market is expected to grow at the fastest rate during the forecast period, owing to market growth strategies emerging markets, improving medical diagnostic infrastructure, an aging population, increasing cancer prevalence, government initiatives supporting AI in healthcare, and increasing numbers of COVID-19 positive patients .
The global AI in medical diagnostics market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – UK, France, Germany & Rest of Europe
Asia-Pacific Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – China, Japan, India & Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – South Africa & Rest of MENA
The Global AI in Medical Diagnostics Market Report also contains analysis on:
AI in the medical diagnostic segments:
Per end user
Diagnostic Imaging Centers
AI in Medical Diagnostics Market Dynamics
AI in Medical Diagnostics Market Size
Offer and demand
Current market trends/issues/challenges
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Scope and segmentation of the AI in Medical Diagnostics Market report
Report attribute details
Market size value in 2020 USD 0.5 billion
2030 revenue forecast $19.96 billion
CAGR growth rate of 44.58% from 2021 to 2030
Base year for the estimate 2020
Quantitative Units Revenue in USD billion and CAGR from 2021 to 2030
Report Coverage Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Segments Covered Component, Application, End User
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East and Africa (MEA)
Key Companies Featured Microsoft Corporation, NVIDIA, IBM, Intel, Siemens Healthineers, GE Healthcare, Digital Diagnostics, Xilinx, InformAI, Enlitic, Day Zero, Diagnostics, Aidance, Butterfly Network, Inc., Prognos, Zebra, Medical Vision and others important actors.
Frequently Asked Questions
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