The Artificial Intelligence in Healthcare Diagnostics Market

Artificial intelligence (AI) is defined as the creation of unique systems with the help of algorithms and software which can carry out some tasks without intervention of human. Artificial intelligence includes the combination of various technologies such as machine natural language processing, reasoning, learning and perception. Artificial intelligence is majorly used in healthcare to analyze the connection between treatment techniques and patient outcomes. Artificial intelligence programs are deployed in medical practices including diagnostic processes, drug development, personalized medicines, and patient monitoring care. The increasing number of government initiatives to promote healthcare providers and other healthcare organizations to deploy AI-enabled diagnostic technologies and growing investments by nonprofit organizations and private companies to obtain better information exchange improved clinical results and cost reductions are some of the key factors projected to propel the growth of the market for artificial intelligence in healthcare diagnostics over the forecast period. Furthermore, the huge demand for e-diagnostic services in the healthcare sector as a result of high government spending on healthcare is boosting the artificial intelligence in healthcare diagnostics market growth. Moreover, the rising demand for minimizing diagnostic costs, better patient care and curbing machine downtime is one of the key factors propelling the usage of artificial intelligence in healthcare diagnostics. Additionally, the surging demand for low-cost diagnostic techniques, effective and efficient report analysis and fast diagnostic data generation are some other factors estimated to compel the market for artificial intelligence in healthcare diagnostics. AI-powered devices are used in emergency medical procedures leading to the decreasing the time delay between trauma and diagnosis, therefore resulting in rapid interventions and improved patient outcomes. On the other hand, the cybersecurity, privacy issues, data integrity concerns and data ownership are few factors likely to hamper the market growth.

Developing countries such as China, India and Brazil are projected to provide major growth opportunities for players operating in the artificial intelligence in healthcare diagnostics market. This can primarily be ascribed to the increasing patient population in these countries. In addition, the healthcare sectors in developing economies, such as India and China, are rapidly increasing, resulting in the introduction of new medical technologies with a special emphasis on advanced imaging equipment.

The global Artificial Intelligence in Healthcare Diagnostics Market is segregated on the basis of Diagnostic Tool as Medical Imaging Tool, Automated Detection System and Others. Based on Application the global Artificial Intelligence in Healthcare Diagnostics Market is segmented in Eye Care, Oncology, Radiology, Cardiovascular and Others. Based on Service the global Artificial Intelligence in Healthcare Diagnostics Market is segmented in Tele-Consultation, Tele Monitoring and Others. Based on End User the global Artificial Intelligence in Healthcare Diagnostics Market is segmented in Hospitals and Clinics and Diagnostic Laboratory.

The global Artificial Intelligence in Healthcare Diagnostics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Artificial Intelligence in Healthcare Diagnostics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

General Electric Company, Aidoc, Arterys Inc., Icometrix, IDx Technologies Inc and others are among the major players in the global Artificial Intelligence in Healthcare Diagnostics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In 2020, NVIDIA acquired Mellanox Technologies, Ltd. for a value of USD 7 billion. This acquisition integrates NVIDIA’s leading computing expertise with Mellanox’s high-performance networking technology to allow customers to attain higher performance, high utilization of computing resources, and lesser operating costs
• In 2020, Microsoft made a partnership with Redmond to provide a programming interface for reading imaging data and assisting in the identification and treatment of diseases. 
• In 2019, ACR will equip the NVIDIA Clara AI toolkit at the ACR AI Lab to permit 38,000 ACR members and other radiology professionals to create, share, locally adapt and validate AI algorithms, while also making sure that patient data stays secured at the local institution
• In June 2021, GE Healthcare is colluding with the American College of Cardiology (ACC) in order to build a roadmap for Artificial Intelligence (AI) and digital technology in cardiology and developing new strategies for enhanced health outcomes.

The global Artificial Intelligence in Healthcare Diagnostics Market has been segmented as below:

Artificial Intelligence in Healthcare Diagnostics Market, By Diagnostic Tool

• Medical Imaging Tool
• Automated Detection System
• Others

Artificial Intelligence in Healthcare Diagnostics Market, By Application

• Eye Care
• Oncology
• Radiology
• Cardiovascular
• Others

Artificial Intelligence in Healthcare Diagnostics Market, By Service

• Tele-Consultation
• Tele Monitoring
• Others

Artificial Intelligence in Healthcare Diagnostics Market, By End User

• Hospitals and Clinics
• Diagnostic Laboratory

Artificial Intelligence in Healthcare Diagnostics Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Artificial Intelligence in Healthcare Diagnostics Market, By Company

• General Electric Company
• Aidoc
• Arterys Inc.
• Icometrix
• IDx Technologies Inc
• MaxQ AI Ltd.
• Caption Health, Inc.
• Zebra Medical Vision Inc.
• Siemens Healthineers AG
• Koninklijke Philips N.V
• Niramai Health Analytix Private Limited
• Aindra Systems Private Limited
• Advenio Tecnosys Private Limited
• Predible Health Private Limited
• Tricog Health Services Private Limited

The report covers the below scope:

• Global Artificial Intelligence in Healthcare Diagnostics Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Artificial Intelligence in Healthcare Diagnostics Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Artificial Intelligence in Healthcare Diagnostics Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Artificial Intelligence in Healthcare Diagnostics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Artificial Intelligence in Healthcare Diagnostics Market share. Major industry players with significant revenue share include General Electric Company, Aidoc, Arterys Inc., Icometrix, IDx Technologies Inc, MaxQ AI Ltd. and others.

Why to Buy this Report:

• Gain detailed insights on the Artificial Intelligence in Healthcare Diagnostics industry trends
• Find complete analysis on the market status
• Identify the Artificial Intelligence in Healthcare Diagnostics Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

Report Content

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Artificial Intelligence in Healthcare Diagnostics Market, By Diagnostic Tool

5.1.      Key Points

5.2.  Medical Imaging Tool

5.3.  Automated Detection System

5.4.  Others

6.    Artificial Intelligence in Healthcare Diagnostics Market, By Application

6.1.      Key Points

6.2. Eye Care

6.3. Oncology

6.4. Radiology

6.5.  Cardiovascular

6.6. Others

7.     Artificial Intelligence in Healthcare Diagnostics Market, By Service

7.1.      Key Points

7.2.  Tele-Consultation

7.3.  Tele Monitoring

7.4.  Others

8.    Artificial Intelligence in Healthcare Diagnostics Market, By End User

8.1.      Key Points

8.2. Hospitals and Clinics

8.3. Diagnostic Laboratory

9.    Competitive Landscape

9.1.      Introduction

9.2.     Start-up companies- Artificial Intelligence in Healthcare Diagnostics Market

9.3.     Recent Developments

9.3.1.     Mergers & Acquisitions

9.3.2.    New Product Developments

9.3.3.    Portfolio/Production Capacity Expansions

9.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

9.3.5.     Others

10.            Company Profile

10.1.                    General Electric Company

10.2.                   Aidoc

10.3.                   Arterys Inc.

10.4.                   Icometrix

10.5.                   IDx Technologies Inc

10.6.                   MaxQ AI Ltd.

10.7.                    Caption Health, Inc.

10.8.                   Zebra Medical Vision Inc.

10.9.                   Siemens Healthineers AG

10.10.               Koninklijke Philips N.V

10.11.                 Niramai Health Analytix Private Limited

10.12.                Aindra Systems Private Limited

10.13.                Advenio Tecnosys Private Limited

10.14.                Predible Health Private Limited

10.15.                Tricog Health Services Private Limited