Artificial Intelligence (AI) in Medical Diagnostics Market Analysis and Forecast to 2032: Component (Software, Services), Application (In Vivo Diagnostics, In Vitro Diagnostics), End User (Hospitals, Diagnostics Imaging Centers, Diagnostics Laboratories, Others), and Region
The Artificial Intelligence (AI) in Medical Diagnostics Market size was USD 1.1 Billion in 2022 and it is anticipated to grow over USD 9.3 Billion by 2032, at a CAGR of over 22.3% during the forecast period.
Artificial Intelligence (AI) in Medical Diagnostics is the application of artificial intelligence to the field of medicine for the purpose of medical diagnosis. Medical diagnosis is the process of determining the cause of a medical condition by looking at the symptoms and medical history of a patient. AI in medical diagnostics can be used to help doctors make better decisions about diagnosis and treatment by providing them with more information about a patient’s condition.
Key Drivers & Trends
There are a few key drivers of Artificial Intelligence (AI) in the Medical Diagnostics market.
- Firstly, the increasing accuracy of AI algorithms is driving the adoption of AI in medical diagnostics.
- Secondly, the increasing availability of data is another key driver. With the increasing use of electronic health records (EHRs), there is a growing pool of data that can be used to train AI algorithms.
- Thirdly, the increasing number of regulatory approvals is also driving the adoption of Ai in medical diagnostics. In 2018, the FDA approved the use of an AI algorithm for the detection of diabetic retinopathy.
Key Restraints & Challenges
There are a few key restraints and challenges in Artificial Intelligence (AI) in the Medical Diagnostics market.
- Firstly, the development of Artificial Intelligence (AI) in Medical Diagnostics is still in its early stages, which means that there is a lack of reliable and robust data to train the algorithms.
- Secondly, the high cost of development and deployment of Artificial Intelligence (AI) in Medical Diagnostics is a major restraint for adoption.
- Finally, the ethical and legal implications of Artificial Intelligence (AI) in Medical Diagnostics need to be considered before its widespread adoption.
Market Segments
The Artificial Intelligence (AI) in Medical Diagnostics market has been segmented into Component, Application, End User, and Region. Based on the Component, the Artificial Intelligence (AI) in Medical Diagnostics market is bifurcated into Software and Services. On the basis of Application, the market is bifurcated into In Vivo Diagnostics and In Vitro Diagnostics. Based on End User, the market is segmented into Hospitals, Diagnostics Imaging Centers, Diagnostics Laboratories, and Others. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global artificial intelligence in medical diagnostics market includes players such as Advanced Micro Devices, Inc. (Xilinx, Inc.) (US), Aidence (Netherlands), Enlitic, Inc. (US), General Electric Company (US), HeartFlow, Inc. (US), IBM Corporation (US), Intel Corporation (US), Microsoft Corporation (US), NVIDIA Corporation (US), and Siemens (Germany).
Table of Contents
Chapter 1. Artificial Intelligence (AI) in Medical Diagnostics Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, By Region
3.2. Market Attractiveness Analysis, By Component
3.3. Market Attractiveness Analysis, By Application
3.4. Market Attractiveness Analysis, By End User
Chapter 4. Artificial Intelligence (AI) in Medical Diagnostics Market Outlook
4.1. Artificial Intelligence (AI) in Medical Diagnostics Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Artificial Intelligence (AI) in Medical Diagnostics Market
4.7. Impact of the Russia and Ukraine War on the Artificial Intelligence (AI) in Medical Diagnostics Market
4.8. Case Studies
4.9. Pricing Analysis
4.10. Technology Analysis
Chapter 5. Artificial Intelligence (AI) in Medical Diagnostics Market, By Component
5.1. Market Overview
5.2. Software
5.2.1. Key Market Trends & Opportunity Analysis
5.2.2. Market Size and Forecast, By Region
5.3. Services
5.3.1. Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, By Region
Chapter 6. Artificial Intelligence (AI) in Medical Diagnostics Market, By Application
6.1. Market Overview
6.2. In Vivo Diagnostics
6.2.1. Key Market Trends & Opportunity Analysis
6.2.2. Market Size and Forecast, By Region
6.2.3. Market Size and Forecast, By Specialty
6.2.3.1. Radiology
6.2.3.2. Cardiology
6.2.3.3. Neurology
6.2.3.4. Obstetrics/Gynecology
6.2.3.5. Ophthalmology
6.2.3.6. Others
6.2.4. Market Size and Forecast, By Modality
6.2.4.1. Computed Tomography
6.2.4.2. X-Ray
6.2.4.3. Magnetic Resonance Imaging (MRI)
6.2.4.4. Ultrasound
6.2.4.5. Others
6.3. In Vitro Diagnostics
6.3.1. Key Market Trends & Opportunity Analysis
6.3.2. Market Size and Forecast, By Region
Chapter 7. Artificial Intelligence (AI) in Medical Diagnostics Market, By End User
7.1. Market Overview
7.2. Hospitals
7.2.1. Key Market Trends & Opportunity Analysis
7.2.2. Market Size and Forecast, By Region
7.3. Diagnostics Imaging Centers
7.3.1. Key Market Trends & Opportunity Analysis
7.3.2. Market Size and Forecast, By Region
7.4. Diagnostics Laboratories
7.4.1. Key Market Trends & Opportunity Analysis
7.4.2. Market Size and Forecast, By Region
7.5. Others
7.5.1. Key Market Trends & Opportunity Analysis
7.5.2. Market Size and Forecast, By Region
Chapter 8. Artificial Intelligence (AI) in Medical Diagnostics Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.2.3. North America Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.2.4. North America Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.2.5. North America Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Country
8.2.6. The U.S.
8.2.6.1. The U.S. Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.2.6.2. The U.S. Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.2.6.3. The U.S. Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.2.7. Canada
8.2.7.1. Canada Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.2.7.2. Canada Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.2.7.3. Canada Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.2.8. Mexico
8.2.8.1. Mexico Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.2.8.2. Mexico Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.2.8.3. Mexico Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.3. Europe Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.4. Europe Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3.5. Europe Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Country
8.3.6. The U.K.
8.3.6.1. The U.K. Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.6.2. The U.K. Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.6.3. The U.K. Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3.7. Germany
8.3.7.1. Germany Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.7.2. Germany Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.7.3. Germany Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3.8. France
8.3.8.1. France Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.8.2. France Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.8.3. France Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3.9. Spain
8.3.9.1. Spain Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.9.2. Spain Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.9.3. Spain Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3.10. Italy
8.3.10.1. Italy Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.10.2. Italy Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.10.3. Italy Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3.11. Netherlands
8.3.11.1. Netherlands Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.11.2. Netherlands Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.11.3. Netherlands Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3.12. Sweden
8.3.12.1. Sweden Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.12.2. Sweden Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.12.3. Sweden Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3.13. Switzerland
8.3.13.1. Switzerland Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.13.2. Switzerland Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.13.3. Switzerland Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3.14. Denmark
8.3.14.1. Denmark Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.14.2. Denmark Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.14.3. Denmark Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3.15. Finland
8.3.15.1. Finland Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.15.2. Finland Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.15.3. Finland Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3.16. Russia
8.3.16.1. Russia Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.16.2. Russia Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.16.3. Russia Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.3.17. Rest of Europe
8.3.17.1. Rest of Europe Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.3.17.2. Rest of Europe Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.3.17.3. Rest of Europe Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Country
8.4.3. Asia-Pacific Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.4.4. Asia-Pacific Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.4.5. Asia-Pacific Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.4.6. China
8.4.6.1. China Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.4.6.2. China Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.4.6.3. China Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.4.7. India
8.4.7.1. India Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.4.7.2. India Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.4.7.3. India Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.4.8. Japan
8.4.8.1. Japan Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.4.8.2. Japan Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.4.8.3. Japan Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.4.9. South Korea
8.4.9.1. South Korea Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.4.9.2. South Korea Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.4.9.3. South Korea Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.4.10. Australia
8.4.10.1. Australia Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.4.10.2. Australia Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.4.10.3. Australia Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.4.11. Singapore
8.4.11.1. Singapore Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.4.11.2. Singapore Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.4.11.3. Singapore Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.4.12. Indonesia
8.4.12.1. Indonesia Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.4.12.2. Indonesia Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.4.12.3. Indonesia Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.4.13. Taiwan
8.4.13.1. Taiwan Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.4.13.2. Taiwan Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.4.13.3. Taiwan Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.4.14. Malaysia
8.4.14.1. Malaysia Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.4.14.2. Malaysia Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.4.14.3. Malaysia Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.4.15. Rest of APAC
8.4.15.1. Rest of APAC Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.4.15.2. Rest of APAC Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.4.15.3. Rest of APAC Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.5. Rest of The World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of The World Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.5.3. Rest of The World Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.5.4. Rest of The World Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.5.5. Rest of The World Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Country
8.5.6. Latin America
8.5.6.1. Latin America Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.5.6.2. Latin America Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.5.6.3. Latin America Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.5.7. Middle East
8.5.7.1. Middle East Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.5.7.2. Middle East Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.5.7.3. Middle East Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
8.5.8. Africa
8.5.8.1. Africa Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Component
8.5.8.2. Africa Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by End User
8.5.8.3. Africa Artificial Intelligence (AI) in Medical Diagnostics Market Size and Forecast, by Application
Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, And Collaborations
9.3.5. Mergers And Acquisitions
Chapter 10. Company Profiles
10.1. Advanced Micro Devices, Inc. (Xilinx, Inc.) (US)
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Aidence (Netherlands)
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product Offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Enlitic, Inc. (US)
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product Offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. General Electric Company (US)
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product Offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. HeartFlow, Inc. (US)
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product Offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. IBM Corporation (US)
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product Offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Intel Corporation (US)
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product Offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Microsoft Corporation (US)
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product Offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. NVIDIA Corporation (US)
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product Offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Siemens (Germany)
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product Offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis
*The List of Company Is Subject To Change During The Final Compilation of The Report
Key Players
- Advanced Micro Devices, Inc. (Xilinx, Inc.) (US)
- Aidence (Netherlands)
- Enlitic, Inc. (US)
- General Electric Company (US)
- HeartFlow, Inc. (US)
- IBM Corporation (US)
- Intel Corporation (US)
- Microsoft Corporation (US)
- NVIDIA Corporation (US)
- Siemens (Germany)
Market Segmentation
By Component
- Software
- Services
By Application
- In Vivo Diagnostics
- Specialty
- Radiology
- Cardiology
- Neurology
- Obstetrics/Gynecology
- Ophthalmology
- Others
- Modality
- Computed Tomography
- X-Ray
- Magnetic Resonance Imaging (MRI)
- Ultrasound
- Others
- Specialty
- In Vitro Diagnostics
By End User
- Hospitals
- Diagnostics Imaging Centers
- Diagnostics Laboratories
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The U.K.
- Germany
- France
- Spain
- Italy
- Netherlands
- Sweden
- Switzerland
- Denmark
- Finland
- Russia
- Rest of Europe
- The Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Indonesia
- Taiwan
- Malaysia
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa