Dublin, July 11, 2024 (GLOBE NEWSWIRE) -- The "Artificial Intelligence (AI) in Medical Diagnostics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Artificial Intelligence (AI) in Medical Diagnostics is estimated at US$1.1 Billion in 2023 and is projected to reach US$4.4 Billion by 2030, growing at a CAGR of 22.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
However, the integration of AI into medical diagnostics must navigate several challenges to realize its full potential. Ethical concerns, data protection, and the continuous validation of AI models are paramount to ensuring that AI tools are used responsibly and effectively. The ethical use of AI must address potential biases in algorithms, ensure the protection of patient data privacy, and maintain transparency in AI-driven decision-making processes.
Regulatory bodies have begun to recognize the importance of creating robust frameworks to facilitate the safe and effective implementation of AI in healthcare. As regulatory approval for AI-based diagnostic tools grows, so does trust in these technologies, paving the way for broader adoption.
Looking forward, the role of AI in healthcare is set to expand, promising substantial improvements in patient care through more accurate diagnostics, personalized treatments, and by ultimately enhancing the overall efficiency of healthcare services.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the AI in Medical Diagnostics Software segment, which is expected to reach US$2.4 Billion by 2030 with a CAGR of a 24.2%. The AI in Medical Diagnostics Hardware segment is also set to grow at 17.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $289.3 Million in 2023, and China, forecasted to grow at an impressive 21.2% CAGR to reach $663.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Agfa Healthcare Corporation, Aidoc, AliveCor, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.1 Billion |
| Forecasted Market Value (USD) by 2030 | $4.4 Billion |
| Compound Annual Growth Rate | 22.4% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Artificial Intelligence (AI) in Medical Diagnostics - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- AI Enhancements in Imaging Technologies Propel Early Disease Detection
- Growth of AI Applications in Genomic Analysis Expands Personalized Medicine
- AI-Driven Predictive Diagnostics Strengthen Patient Outcome Predictions
- Integration of AI in Laboratory Information Systems Enhances Diagnostic Accuracy
- Machine Learning Algorithms for Cancer Detection Throw the Spotlight on Oncology
- Impact of AI on Reducing Diagnostic Errors and Improving Efficiency
- AI Tools for Cardiovascular Imaging Propel Non-Invasive Diagnostics
- Role of AI in Handling Healthcare Big Data Generates Significant Insights
- AI-Powered Mobile Apps for Health Monitoring Drive Patient Engagement
- Ethical AI Use in Medical Diagnostics Strengthens Patient Trust
- Expansion of AI in Rare Disease Research and Diagnosis
- Data Privacy Concerns and AI Regulation in Medical Practices
FOCUS ON SELECT PLAYERS
- Agfa Healthcare Corporation
- Aidoc
- AliveCor, Inc.
- Caption Health
- Elevance Health, Inc.
- HeartFlow
- Intelegain Technologies
- Siemens Healthineers AG
- VisualDx
For more information about this report visit https://www.researchandmarkets.com/r/n613pt
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