ARTIFICIAL INTELLIGENCE DIAGNOSTICS MARKET ANALYSIS

Artificial Intelligence Diagnostics MarketSize and Trends

The global artificial intelligence (AI) diagnostics market was valued at US$ 1,110.7 Mn in 2022 and is forecast to reach a value of US$ 5,773.6 Mn by 2030 at a CAGR of 21.2% between 2023 and 2030. The global artificial intelligence (AI) diagnostics market is experiencing strong growth owing to the increasing technology advancement and the integration of artificial intelligence (AI) into the healthcare system. This integration has led to improved diagnostics, personalized treatment plans, and more efficient healthcare delivery. Additionally, the AI market is also being driven by the growing demand for automation and optimization of various industries such as manufacturing, finance, and retail.

Global Artificial Intelligence (AI) Market Segmentation:

The global artificial intelligence (AI) diagnostics market report is segmented into Product, Application, End User, and Region.

• Based on Component, the market is segmented into Software, Hardware, and Services. Out of which, Software Segment is expected to dominate the artificial intelligence (AI) market over the forecast period and this is attributed to the increasing integration of AI technology into the healthcare system.
• Based on diagnostics Type, the market is segmented into Cardiology, Oncology, Pathology, Radiology, Neurology, and Others. Out of which, Cardiology Segment is expected to dominate the market over the forecast period and this is attributed to the increasing prevalence rate of cardiovascular disease worldwide. 

Global Artificial Intelligence (AI) Diagnostics Market: Key Developments

• In February 2021, Vuno expanded its business offerings to Taiwanese markets by signing a distribution agreement with CHC Healthcare Group, to hand over marketing and distribution rights of its AI solutions in Taiwan.
• In November 2020, AliveCor, Inc., the company received U.S. FDA approval for its product, Karida AI V2, a next-gen interpretive ECG algorithm. This approval enables the company plan commercialization strategies for the product in the U.S. market.

Global Artificial Intelligence (AI) Diagnostics Market: Key Companies Insights

The global artificial intelligence (AI) diagnostics market is highly competitive. This is attributed to the rise demand for advanced hardware component for the integration of AI technology, as a result, players in the market are focusing on launching novel hardware components in the market.

Some of the key players in the global artificial intelligence (AI) diagnostics market are Kaz USA Inc., Microlife Corporation, Omron Corporation, Cardinal Health, Easywell Biomedicals, Welch Allyn Inc., Hicks Thermometers Limited, and American Diagnostic Corporation, among others.