mindtalks artificial intelligence: Artificial Intelligence (Ai) in Medical Diagnostics Market Emerging Opportunities, Growth Rate (CAGR of 50.2%) and Leading Industry Players – Digital Diagnostics, Xilinx, InformAI, Enlitic, Day Zero Diagnostics, Aidence – The Manomet Current – The Manomet Current – picked by mindtalks

Artificial Intelligence (Ai) in Medical Diagnostics Market is a valuable market report which makes us aware of the industry insights so that nothing gets missed. The forecast, analysis, and estimations performed in this report are all based upon the best and well-established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. It consists of most-detailed market segmentation, systematic analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. A persuasive Artificial Intelligence (Ai) in Medical Diagnostics Market document gives key measurements, the status of the manufacturers and is a significant source of direction for the businesses and organizations.

The global AI in medical diagnostics market is projected to reach USD 3,868 million by 2025 from USD 505 million in 2020, at a CAGR of 50.2% during the forecast period. The study and estimations of this report also help to figure out types of consumers, their views about the product, their buying intentions, and their ideas for the step-up of a product. This report gives an absolute background analysis of the industry which includes an assessment of the parental market. This market report also puts light on historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging opportunities, and the technical progress in the related industry. CAGR levels for the market with respect to its rise or fall are estimated in the report for the forecast period of 2021 to 2026.

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Some of the prominent players operating in the AI in medical diagnostics market are:

Microsoft Corporation (US),

NVIDIA (US),

IBM (US),

Intel (US),

Siemens Healthineers (Germany),

GE Healthcare (US),

Digital Diagnostics (US),

Xilinx (US),

InformAI (US),

Enlitic (US),

Day Zero Diagnostics (US),

Aidence (Netherlands),

Butterfly Network, Inc. (US),

Prognos (US),

Zebra Medical Vision (Israel),

Viz.ai (US),

Quibin (Spain),

Qure.ai (India),

Therapixel (France),

and HeartFlow (US).

Research Coverage

This report studies the AI in medical diagnostics market based on component, end-user, application, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth. It analyzes the opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.

Key Benefits of Buying the Report

This report focuses on various levels of analysis—industry trends, market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.

Software segment is expected to grow at the highest CAGR

On the basis of component, the AI in medical diagnostics market is segmented into software and services. The services segment dominated this market in 2020, while the software segment is estimated to grow at a higher CAGR during the forecast period. Software solutions help healthcare providers gain a competitive edge despite the challenges of being short-staffed and facing increasing imaging scan volumes. This is a key factor driving the growth of the software segment.

Hospitals to establish the largest market size of AI in medical diagnostics market

Based on end user, the AI in medical diagnostics market is segmented into hospitals, diagnostic imaging centers, diagnostic laboratories, and other end users. The hospitals segment commanded the largest share of 64.1% of this market in 2019. The large share of this segment can be attributed to the rising number of diagnostic imaging procedures performed in hospitals, the growing inclination of hospitals toward the automation and digitization of radiology patient workflow, increasing adoption of minimally invasive procedures in hospitals to improve the quality of patient care, and the rising adoption of advanced imaging modalities to improve workflow efficiency.

North America To Witness Significant Growth From 2020 To 2025

The AI in medical diagnostics market has been segmented into four main regional segments, namely, North America, Europe, the Asia Pacific, and the Rest of the World. In 2019, North America accounted for the largest market share of 37.6%. However, the APAC  market is projected to register the highest CAGR of 53.2% during the forecast period, primarily due to the growth strategies adopted by companies in emerging markets, improved medical diagnostic infrastructure, increasing geriatric population, rising prevalence of cancer, and the implementation of favorable government initiatives.

Breakdown of supply-side primary interviews:

  • By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
  • By Designation: C-level – 27%, Director-level – 18%, and Others – 55%
  • By Region: North America – 40%, Europe – 20%, APAC – 30%, Rest of the World – 10%

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Inclusions & Exclusions
1.3.1 Markets Covered
Figure 1 Ai In Medical Diagnostics Market Segmentation
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Research Methodology Steps
Figure 2 Research Methodology: Ai In Medical Diagnostics Market
Figure 3 Research Design
2.2.1 Secondary Data
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Data
Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
Figure 5 Primary Sources
2.2.2.1 Key Data From Primary Sources
2.3 Market Size Estimation Methodology
Figure 6 Research Methodology: Hypothesis Building
Figure 7 Market Size Estimation
2.4 Market Data Estimation And Triangulation
Figure 8 Data Triangulation Methodology
2.5 Assumptions For The Study
2.6 Covid-19-Specific Assumptions

3 Executive Summary
Figure 9 Ai In Medical Diagnostics Market, By Component, 2020 Vs. 2025 (Usd Million)
Figure 10 Ai In Medical Diagnostics Market, By Application, 2020 Vs. 2025 (Usd Million)
Figure 11 Ai In Medical Diagnostics Market, By End User, 2020 Vs. 2025 (Usd Million)
Figure 12 Geographical Snapshot Of The Ai In Medical Diagnostics Market

4 Premium Insights
4.1 Ai In Medical Diagnostics Market Overview
Figure 13 Influx Of Large And Complex Datasets In Healthcare To Drive Market Growth
4.2 North America: Ai In Medical Diagnostics Market, By Application And Country (2019)
Figure 14 In Vivo Diagnostic Applications Segment Accounted For The Largest Share Of The North American Market In 2019
4.3 Ai In Medical Diagnostics Market Share, By Application, 2020 Vs. 2025
Figure 15 In Vivo Diagnostic Applications Segment Will Continue To Dominate The Market In 2025
4.4 Ai In Medical Diagnostics Market: Geographic Growth Opportunities
Figure 16 Apac Market To Register The Highest Growth During The Forecast Period

5 Market Overview
5.1 Introduction
Figure 17 Ai In Medical Diagnostics Market: Drivers, Restraints, Opportunities, And Challenges
5.1.1 Drivers
5.1.1.1 Influx Of Large And Complex Datasets
5.1.1.2 Growing Number Of Cross-Industry Partnerships And Collaborations
5.1.1.3 Increasing Demand For Ai Tools In The Medical Imaging Field And Rising Focus On Reducing The Workload Of Radiologists
5.1.1.4 Government Initiative To Increase The Adoption Of Ai-Based Technologies
5.1.1.5 Growth In Funding For Ai-Based Start-Ups
5.1.2 Restraints
5.1.2.1 Reluctance Among Medical Practitioners To Adopt Ai-Based Technologies
5.1.2.2 Lack Of Skilled Ai Workforce And Ambiguous Regulatory Guidelines For Medical Software
5.1.3 Opportunities
5.1.3.1 Untapped Emerging Markets
5.1.3.2 Growing Potential Of Ai-Technology In Imaging & Diagnostics To Fight Covid-19
5.1.3.3 Increasing Focus On Developing Human-Aware Ai Systems
5.1.4 Challenges
5.1.4.1 Budgetary Constraints
5.1.4.2 Lack Of Curated Healthcare Data
5.1.4.3 Concerns Regarding Data Privacy
Figure 18 Types Of Healthcare Breaches Reported To The Us Department Of Health And Human Services (2018 To 2020)
5.1.4.4 Lack Of Interoperability Between Ai Solutions Offered By Different Vendors
5.2 Value Chain Analysis
Figure 19 Ai In Medical Diagnostics Market: Value Chain Analysis
5.3 Case Studies
5.3.1 Focus On Improving Workflow Efficacy And Reducing The Burden On Radiologists
5.3.1.1 Use Case 1: Reducing The Burden On Radiologists By Developing And Testing An Ai Model To Read Large Ultrasound Data
5.3.2 Improved Triage
5.3.2.1 Use Case 2: Precision Driven Health Developed Ml Model To Help Improve Work Triage Of Cardiologists (2019)
5.4 Impact Of Covid-19 On The Ai In Medical Diagnostics Market
Figure 20 Pre- And Post-Covid-19 Impact Analysis
5.5 Ecosystem Coverage
Figure 21 Ai In Medical Diagnostics Ecosystem
5.6 Technology Analysis
Table 1 Technological Developments By Leading Vendors
5.7 Regulations
5.7.1 Health Insurance Portability And Accountability Act Of 1996 (Hipaa)
5.7.2 Health Information Technology For Economic And Clinical Health Act Of 2009 (Hitech)
5.7.3 Consumer Privacy Protection Act Of 2017
5.7.4 National Cybersecurity Protection Advancement Act Of 2015
5.7.5 Future Of Life Institute’s Asilomar Ai Principles
5.7.6 The European Medical Devices Regulation (Eu) 2017/745 And In-Vitro Diagnostic Medical Devices Regulation (Eu) 2017/746 In Combination With The General Data Protection Regulation 2016/679
5.7.7 The Cybersecurity Law Of The People’s Republic Of China
5.8 Pricing Analysis

6 Artificial Intelligence In Medical Diagnostics Market, By Component
6.1 Introduction
Table 2 Ai In Medical Diagnostics Market, By Component, 2018–2025 (Usd Million)
6.1.1 Software
6.1.1.1 Software Segment To Witness Higher Growth During The Forecast Period
Table 3 Ai In Medical Diagnostics Software Market, By Region, 2018–2025 (Usd Million)
6.1.2 Services
6.1.2.1 Services Segment To Account For A Larger Share Of The Market During The Forecast Period
Table 4 Ai In Medical Diagnostics Services Market, By Region, 2018–2025 (Usd Million)

7 Artificial Intelligence In Medical Diagnostics Market, By Application
7.1 Introduction
Table 5 Ai In Medical Diagnostics Market, By Application, 2018–2025 (Usd Million)
7.2 In Vivo Diagnostics
Table 6 Ai In In Vivo Diagnostic Applications Market, By Region, 2018–2025 (Usd Million)
7.2.1 In Vivo Diagnostic Applications Market, By Specialty
Table 7 Ai In In Vivo Diagnostic Applications Market, By Specialty, 2018–2025 (Usd Million)
7.2.1.1 Radiology
7.2.1.1.1 Ai-Based Diagnostic Tools Help Ease The Workflow Of Radiologists
Table 8 Ai In Radiology Market, By Region, 2018–2025 (Usd Million)
7.2.1.2 Cardiology
7.2.1.2.1 Increased Complexity Of Sudden Cardiac Diseases To Drive Market Growth
Table 9 Ai In Cardiology Market, By Region, 2018–2025 (Usd Million)
7.2.1.3 Neurology
7.2.1.3.1 Increased Start-Up Funding To Drive Market Growth
Table 10 Ai In Neurology Market, By Region, 2018–2025 (Usd Million)
7.2.1.4 Obstetrics/Gynecology
7.2.1.4.1 Rising Use Of Minimally Invasive Techniques In Gynecology Procedures To Drive Market Growth
Table 11 Ai In Obstetrics/Gynecology Market, By Region, 2018–2025 (Usd Million)
7.2.1.5 Ophthalmology
7.2.1.5.1 Need For Early Detection And Prevention Of Eye Diseases Driving The Adoption Of Ai-Based Diagnostic Tools
Table 12 Ai In Ophthalmology Market, By Region, 2018–2025 (Usd Million)
7.2.1.6 Other Specialties
Table 13 Ai In Other Specialties Market, By Region, 2018–2025 (Usd Million)
7.2.2 In Vivo Diagnostic Applications Market, By Modality
Table 14 Ai In In Vivo Diagnostic Applications Market, By Modality, 2018–2025 (Usd Million)
7.2.2.1 Computed Tomography
7.2.2.1.1 Need For Efficient Diagnosis Will Drive The Adoption Of Ai In Computed Tomography
Table 15 Ai In Computed Tomography Market, By Region, 2018–2025 (Usd Million)
7.2.2.2 X-Ray
7.2.2.2.1 Companies Such As Nvidia, Intel, And Xilinx Are Developing Ai-Based Tools Exclusively In This Space
Table 16 Ai In X-Ray Market, By Region, 2018–2025 (Usd Million)
7.2.2.3 Magnetic Resonance Imaging
7.2.2.3.1 Increasing Burden Of Brain-Related Disorders To Drive The Adoption Of Ai In Magnetic Resonance Imaging
Table 17 Ai In Magnetic Resonance Imaging Market, By Region, 2018–2025 (Usd Million)
7.2.2.4 Ultrasound
7.2.2.4.1 Increasing Prevalence Of Ovarian Cancer And The Need For Its Early Diagnosis Will Drive Market Growth
Table 18 Ai In Ultrasound Market, By Region, 2018–2025 (Usd Million)
7.2.2.5 Other Modalities
Table 19 Ai In Other Modalities Market, By Region, 2018–2025 (Usd Million)
7.3 In Vitro Diagnostics
Table 20 Ai In In Vitro Diagnostic Applications Market, By Region, 2018–2025 (Usd Million)

8 Artificial Intelligence In Medical Diagnostics Market, By End User
8.1 Introduction
Table 21 Ai In Medical Diagnostics Market, By End User, 2018–2025 (Usd Million)
8.2 Hospitals
8.2.1 Large Hospitals Have Been The Early Adopters Of Ai Solutions For Diagnostic Imaging
Table 22 Ai In Medical Diagnostics Market For Hospitals, By Region, 2018–2025 (Usd Million)
8.3 Diagnostic Imaging Centers
8.3.1 Increasing Number Of Private Imaging Centers Is Contributing To Market Growth
Table 23 Ai In Medical Diagnostics Market For Diagnostic Imaging Centers, By Region, 2018–2025 (Usd Million)
8.4 Diagnostic Laboratories
8.4.1 Increasing Specimen Test Volumes And Workload Of Pathologists Has Boosted The Market Growth
Table 24 Ai In Medical Diagnostics Market For Diagnostic Laboratories, By Region, 2018–2025 (Usd Million)
8.5 Other End Users
Table 25 Ai In Medical Diagnostics Market For Other End Users, By Region, 2018–2025 (Usd Million)

9 Artificial Intelligence In Medical Diagnostics Market, By Region

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