AI in diagnostics market is anticipated to grow at a CAGR of 23. 5% during the forecast period (2023–2030). The expansion of the market is driven by the global reduction in healthcare expenses. The implementation of AI for early disease detection contributes to significant financial savings. As the early detection has the potential to reduce the necessity for expensive therapies and can hamper the progression of diseases. Medical costs can also be reduced by employing AI technology in that manner.
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In line with this trend, industry stakeholders are introducing novel offerings to meet the growing demand for AI-based disease detection solutions. For instance, in May 2023, Aegis and Northwell collaboratively launched Optain with $12 million for AI-powered disease detection. Optain is the brainchild of Ascertain, which is also the first company to introduce Ascertain. Ascertain is a company creation platform that launched in 2022 with $100 million as a joint venture between Aegis Ventures and Northwell Holdings. Ascertain’s upcoming projects will revolve exclusively around joining the potential of AI to enhance healthcare accessibility and elevate the caliber of care provided. As far as Optain is concerned, it is an AI tool which will identify initial indications of diseases solely through images of a patient’s eye.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Artificial Intelligence (AI) in Diagnostics Market by Type
- Vitro Diagnostics
- Diagnostic Imaging
Global Artificial Intelligence (AI) in Diagnostics Market by Application
- Cardiology
- Oncology
- Neurology
- Obstetrics and Gynecology
- Others (Ophthalmology, Specialty, Radiology)
Global Artificial Intelligence (AI) in Diagnostics Market by End User
- Hospitals
- Diagnostics Imaging Centers
- Diagnostics Laboratories
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aidoc Medical Ltd.
- Digital Diagnostics Inc.
- IMAGEN
- InformAI, LLC
- Nano-x Imaging Ltd.
- Northwell Health
- NovaSignal Corp.
- Riverain Technologies
- Silicon Mechanics
- VUNO Inc.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global AI in diagnostics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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