Artificial Intelligence in Healthcare Diagnosis - World Market to Grow from $3.6 Billion in 2019 to $66.8 Billion by 2027, at a CAGR of 44% During 2020-2027
DUBLIN, Aug. 21, 2020 /PRNewswire/ -- The "Artificial Intelligence in Healthcare Diagnosis Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Diagnostic Tool; Application; End User; Service; and Geography" report has been added to ResearchAndMarkets.com's offering.
The global artificial intelligence (AI) in healthcare diagnosis market was valued at US$ 3,639.02 million in 2019 and is projected to reach US$ 66,811.97 million by 2027; it is expected to grow at a CAGR of 44% during 2020-2027.
The growth of the market is mainly attributed to factors such rising adoption of AI in disease identification and diagnosis, and increasing investments in AI healthcare startups. However, the lack of skilled workforce and ambiguity in regulatory guidelines for medical software are the factor hindering the growth of the market.
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.
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 systemis 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.
Key Topics Covered
1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Artificial Intelligence in Healthcare Diagnosis Market - By Diagnostic Tool
1.3.2 Artificial Intelligence in Healthcare Diagnosis Market - By Application
1.3.3 Artificial Intelligence in Healthcare Diagnosis Market - By Service
1.3.4 Artificial Intelligence in Healthcare Diagnosis Market - By End User
1.3.5 Global Artificial Intelligence in Healthcare Diagnosis Market - By Geography
2. Artificial Intelligence in Healthcare Diagnosis Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Artificial Intelligence in Healthcare Diagnosis Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 Middle East & Africa - PEST Analysis
4.2.5 South & Central America
4.3 Expert Opinion
5. Artificial Intelligence in Healthcare Diagnosis Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Adoption of Artificial Intelligence (AI) in Disease Identification and Diagnosis
5.1.2 Increasing Investment in AI Healthcare Start-ups
5.2 Market Restraints
5.2.1 Lack of skilled AI Workforce and Ambiguous Regulatory Guidelines for Medical Software
5.3 Market Opportunities
5.3.1 Increasing Potential in Emerging Economies
5.4 Future Trends
5.4.1 AI in Epidemic Outbreak Prediction and Response
5.5 Impact Analysis
6. Artificial Intelligence in Healthcare Diagnosis Market - Global Analysis
6.1 Global Artificial Intelligence in Healthcare Diagnosis Market Revenue Forecast and Analysis
6.2 Global Artificial Intelligence in Healthcare Diagnosis Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Artificial Intelligence in Healthcare Diagnosis Market - By Diagnostic Tool
7.1 Overview
7.2 Artificial Intelligence in Healthcare Diagnosis Market Revenue Share, by Diagnostic Tool (2019 and 2027)
7.3 Medical Imaging Tool
7.4 Automated Detection System
7.5 Others
8. Artificial Intelligence in Healthcare Diagnosis Market Analysis, By Application
8.1 Overview
8.2 Artificial Intelligence in Healthcare Diagnosis Market Revenue Share, by Application (2019 and 2027)
8.3 Eye Care
8.4 Oncology
8.5 Radiology
8.6 Cardiovascular
8.7 Others
9. Artificial Intelligence in Healthcare Diagnosis Market - By End-User
9.1 Overview
9.2 Artificial Intelligence in Healthcare Diagnosis Market, by End-User, 2019 and 2027 (%)
9.3 Hospital and Clinic
9.4 Diagnostic Laboratory
9.5 Home Care
10. Artificial Intelligence in Healthcare Diagnosis Market - By Service
10.1 Overview
10.2 Artificial Intelligence in Healthcare Diagnosis Market, by Service, 2019 and 2027 (%)
10.3 Tele-Consultation
10.4 Tele-Monitoring
10.5 Others
11. Artificial Intelligence in Healthcare Diagnosis Market - Geographic Analysis
11.1 North America: Artificial Intelligence in Healthcare Diagnosis Market
11.2 Europe: Artificial Intelligence in Healthcare Diagnosis Market
11.3 Asia-Pacific: Artificial Intelligence in Healthcare Diagnosis Market
11.4 Middle East and Africa: Artificial Intelligence in Healthcare Diagnosis Market
11.5 South & Central America: Artificial Intelligence in Healthcare Diagnosis Market
12. Impact of COVID-19 Pandemic on Global Artificial Intelligence in Healthcare Diagnosis Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
12.2 Europe: Impact Assessment of COVID-19 Pandemic
12.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
13. Artificial Intelligence in Healthcare Diagnosis Market - Industry Landscape
13.1 Overview
13.2 Growth Strategies Done by the Companies in the Market, (%)
13.3 Organic Developments
13.4 Inorganic Developments
14. Company Profiles
14.1 General Electric Company
14.2 Aidoc
14.3 Arterys Inc.
14.4 icometrix
14.5 IDx Technologies Inc.
14.6 MaxQ AI Ltd.
14.7 Caption Health, Inc.
14.8 Zebra Medical Vision, Inc.
14.9 Siemens Healthineers AG
14.10 Koninklijke Philips N.V.
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