AI in Healthcare Diagnosis Market Report – Reach $66.81 Billion with 44% CAGR during 2020-2027 | The Insight Partners

The Insight Partners published latest research report on “Global Artificial Intelligence in Healthcare Diagnosis Market Size Report, Share, Trends, Growth & Forecast to 2027 – COVID-19 Impact and Global Analysis – By Diagnostic Tool; Application; End User; and Service”, the global market is expected to reach USD 66,811.97 million by 2027 from USD 3,639.02 million in 2019.

The Insight Partners published latest research report on “Global Artificial Intelligence in Healthcare Diagnosis Market Size Report, Share, Trends, Growth & Forecast to 2027 – COVID-19 Impact and Global Analysis – By Diagnostic Tool; Application; End User; and Service”, the global market is expected to reach USD 66,811.97 million by 2027 from USD 3,639.02 million in 2019. The market is anticipated to grow with a CAGR of 44% from 2020 to 2027.

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Growth Strategies by the Key Players Operating in the Artificial Intelligence in Healthcare Diagnosis Market:

2020 - Zebra Medical Vision, Inc. entered into a collaboration with Apollo Hospitals chain, for the deployment of AI-based tools at scale across India, supported by the ‘India-Israel Industrial R&D and Technological Innovation Fund.’ Moreover, this deployment of the intracranial hemorrhage, the AI COVID-19 solution will in anticipated collaboration on additional medical findings, such as tuberculosis (TB).

2020 - Siemens Healthineers AG introduced Ysio X.pree x-ray system that supports image acquisition using AI. The product is AI-Rad Companion Chest X-ray software offers decision support for radiographic thorax images with AI

2020 - Aidoc received approval from the U.S. Food and Drug Administration for the use of company’s algorithms for “adjunctive” detection of findings associated with COVID-19. This solution is among the supporting the models for the traditional COVID-19 diagnostic tests, such as serological tests and nasopharyngeal swabs, and others.

Artificial intelligence (AI) uses algorithms and software to perform certain tasks without human intervention and instructions. Artificial intelligence comprises integration of several technologies such as machine learning, natural language processing, reasoning, and perception. Artificial intelligence is used in healthcare for approximation of human cognition and analysis of complex medical and diagnostic imaging data. The artificial intelligence in the healthcare diagnosis market is driven by the ability of AI to improve patient outcomes, need to increase coordination between healthcare workforce & patients. Moreover, a rise in the importance of big data in healthcare, an increase in the adoption of precision medicine, and a notable rise in venture capital investments is expected to fuel market growth.

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Global Artificial Intelligence in Healthcare Diagnosis Market Share Report, Segmentations, Regional & Country Scope:

Report Coverage

Details

Market Size Value in

USD 3,639.02 Million in 2019

Market Size Value by

USD 66,811.97 Million by 2027

Growth rate

CAGR of 44% from 2020-2027

Forecast Period

2020-2027

Base Year

2020

No. of Pages

208

No. of Tables

111

No. of Charts & Figures

78

Historical data available

Yes

Segments covered

Diagnostic Tool; Application; End User; Service; and Geography

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Companies Covered

General Electric Company. (U.S.), Koninklijke Philips N.V. (Netherland), Aidoc (Israel), Arterys Inc. (U.S.), Icometrix (Belgium), Siemens Healthcare Private Limited (Germany), MaxQ AI Ltd. (Israel), Caption Health, Inc.(U.S.), IDx Technologies Inc.(U.S.), Zebra Medical Vision, Inc. (Israel)

Key Research Capabilities

Global Market Assessment, Business Development Strategies, Competitive Landscape, Opportunity Analysis, Regional and Country Level Market Analysis, Market Entry Strategies, Market Dynamics, Risk and Return Assessments, Pricing Analysis, Market Size and Forecasting, Company Profiling, Value Chain Analysis, Expansion Strategies, SWOT Analysis, New Product Development

Browse key market insights spread across 208 pages with 111 list of tables & 78 list of figures from the report, “Global Artificial Intelligence in Healthcare Diagnosis Market – Forecast to 2027 – Covid-19 Impact and Global Analysis – By Diagnostic Tool (Medical Imaging Tool, Automated Detection System, Others); Application (Eye Care, Oncology, Radiology, Cardiovascular, Others); End User (Hospital and Clinic, Diagnostic Laboratory, Home Care); and Service (Tele-Consultation, Tele Monitoring, Others)” in detail along with the table of contents: https://www.theinsightpartners.com/reports/artificial-intelligence-in-healthcare-diagnosis-market

Global Artificial Intelligence in Healthcare Diagnosis Market – Segmentation Overview:

Based on diagnostic tool, the global artificial intelligence in healthcare diagnosis market is segmented into medical imaging tool, automated detection system, and others. The medical imaging tool segment held the largest share of the market in 2019, and the market for automated detection system is expected to grow at the highest CAGR during the forecast period.

Based on application, the global artificial intelligence in healthcare diagnosis market is segmented into eye care, oncology, radiology, cardiovascular, and others. The oncology segment held the larger share of the market in 2019, and the radiology segment is expected to register the highest CAGR during the forecast period.

Based on service, the global artificial intelligence in healthcare diagnosis market is segmented into tele-consultation, tele monitoring, and others. The tele-consultation segment held the largest share of the market in 2019, however, tele monitoring segment it is further expected to report the highest CAGR in the market during the forecast period.

Based on end user, the global artificial intelligence in healthcare diagnosis market is segmented into hospital and clinic, diagnostic laboratory, and home care. The hospital and clinic segment held the highest share of the market in 2019 and is expected to register the highest CAGR in the market during the forecast period.

Artificial Intelligence in healthcare is one of the most significant technological advancements in medicine so far. The involvement of multiple startups in the development of AI-driven imaging and diagnostic solutions is the major factors contributing to the growth of the market. China, the US, and the UK are emerging as popular hubs for healthcare innovations. Additionally, the British government has announced the establishment of a National Artificial Intelligence Lab that would collaborate with the country’s universities and technology companies to conduct research on cancer, dementia, and heart diseases. The UK-based startups have received benefits from the government’s robust library of patient data, as British citizens share their anonymous healthcare data with the British National Health Service. As a result, the number of artificial intelligence startups in the healthcare sector has significantly grown in the past few years, and the trend is expected to be the same in the coming years.

The Computer Science and Artificial Intelligence Laboratory (CSAIL), Food and Drug Administration (FDA), National Institute of Health (NIH), and European Medical Association are a few of the major secondary sources referred to while preparing this report.

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