The market report “Artificial Intelligence (AI) in Medical Diagnostics Market by Technologies (In Vivo Diagnostics and In Vitro Diagnostics (IVD)), Components (Software, Service and Hardware), Applications (Follow-Up Plan, Data Mining, Image Acquisition, Data Storage and Processing to Aided Reporting), End Users (Diagnostic Laboratory & Imaging Center and Hospital), and Region – Forecast to 2028”. The artificial intelligence (AI) in medical diagnostics market is growing at a CAGR of 52.2% by 2028, owing to the increasing demand for AI tools in the medical field.
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Based on application, the image acquisition segment is estimated to grow at highest CAGR segment during the study period.On the basis of application, the market is categorized into follow-up plan, data mining, image acquisition, data storage and processing to aided reporting. The image acquisition segment is estimated to be the fastest growing market segment as image analysis is mainly useful for tumor detection, video detection for gait disorders and fall prediction, and biochemical tests.
Based on end user, the hospital segment is anticipated to grow faster during the forecast period.On the basis of end user, the market is segmented into diagnostic laboratory & imaging center and hospital. The hospital segment is projected to grow faster during the forecast period since hospitals are increasingly adopting AI-based solutions due to their potential benefits and the extent of benefits they serve.
By geography, North America is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is experiencing a dominant position in the artificial intelligence (AI) in medical diagnostics market. This is mainly attributed to the growing adoption of healthcare IT solutions in medical diagnosis, the presence of a well-established healthcare sector, and high funding for the development of AI-based diagnosis software in the region.
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The key players in this market are Intel, Enlitic, Inc., Digital Diagnostics, Siemens Healthineers, IBM, NVIDIA, Microsoft Corporation, GE Healthcare Inc., Johnson & Johnson, Medtronic PLC, Google Inc., Imagen Technologies, Inc., Butterfly Network and Day Zero Diagnostics.
The Global Artificial Intelligence (AI) in Medical Diagnostics Market is majorly driven by increasing demand for AI tools in the medical field, influx of large and complex datasets and the adoption of AI-based technologies. The software segment is growing at a highest CAGR as software solutions help healthcare providers gain a competitive edge. North America dominated with a significant market share due to the factors such as rowing adoption of healthcare IT solutions in medical diagnosis, presence of well-established healthcare sector, and high funding for development of AI-based diagnosis software in the region. Asia Pacific market is growing at a highest CAGR due to improved medical diagnostic infrastructure and growth strategies adopted by companies in the region.
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