Global AI in Diagnostics Market (2021-2026) by Components, Diagnosis and Geography - Competitive Analysis, Impact of COVID-19, Ansoff Analysis - ResearchAndMarkets.com

DUBLIN--()--The "Global AI in Diagnostics Market (2021-2026) by Components, Diagnosis and Geography - Competitive Analysis, Impact of COVID-19, Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global AI in Diagnostics Market is estimated to be worth USD 1,125 Million in 2021 and is expected to reach USD 3,790 Million by 2026, growing at a CAGR of 27.5%.

Market Dynamics

Growing demand for low-cost diagnostic techniques, effective and efficient report analysis and quick diagnostic data generation are expected to drive the market in the forecast period. Improving computing power and declining hardware cost is further expected to boost the market. Growing demand for reducing diagnostic costs, improving patient care, and reducing machine downtime is expected to increase the application of AI in diagnostics.

Lack of skilled AI workforce and ambiguous regulatory guidelines for medical software and high cost of implementation of AI solutions is expected to hinder the growth of the market.

Increasing partnerships and collaborations between various AI service providers and advancements in Deep Learning and AI have created lucrative opportunities for the growth of the market.

Concerns regarding data privacy and lack of interoperability between AI solutions offered by different vendors are big challenges in front of the industry players.

Recent Developments

  1. In March 2020, IBM Watson Health and EBSCO Information Services partnered to provide access to evidence-based drug and disease information that can help support clinicians and individuals as they cope with infectious diseases, including COVID-19.
  2. Jun-2020: GE Healthcare announced collaboration with Lunit, a South Korean startup. Together with Lunit, GE launched an artificial intelligence-powered chest X-ray analysis suite. The suite has been designed to spot and highlight eight common conditions, using algorithms built by Lunit.
  3. Jul-2020: AliveCor introduced KardiaCare, a digital health subscription service. The service provides members the control and convenience of managing heart health at home. This new service delivers exclusive digital tools to make it easier for users to interpret their heart data, monitor risk factors, identify symptom triggers, and measure the impact of positive lifestyle changes as part of a long-term heart care program.

Company Profiles

Some of the companies covered in this report are NVIDIA Corporation, Intel Corporation, IBM Corporation, Google, Microsoft Corporation, Amazon Web Services, General Vision, Inc., GE Healthcare, Siemens Healthineers, Medtronic plc, Johnson & Johnson Inc, and Koninklijke Philips N.V. etc.

Key Topics Covered:

1 Report Description

2 Research Methodology

2.1 Research Process

2.2 Data Collection and Validation

2.3 Market Size Estimation

2.4 Assumptions of the Study

2.5 Limitations of the Study

3 Executive Summary

4 Market Overview

4.1 Introduction

4.2 Market Dynamics

4.2.1 Drivers

4.2.1.1 Growing demand for low-cost diagnostic techniques, effective and efficient report analysis, and quick diagnostic data generation

4.2.1.2 Improving computing power and declining hardware cost

4.2.1.3 Growing demand for reducing diagnostic costs, improving patient care, and reducing machine downtime

4.2.2 Restraints

4.2.2.1 Lack of skilled AI workforce and ambiguous regulatory guidelines for medical software

4.2.2.2 High cost of implementation

4.2.3 Opportunities

4.2.3.1 Increasing partnerships and collaborations between various AI service providers

4.2.3.2 Advancements in Deep Learning and AI

4.2.4 Challenges

4.2.4.1 Concerns regarding data privacy

4.2.4.2 Lack of interoperability between AI solutions offered by different vendors

4.3 Trends

5 Market Analysis

5.1 Porter's Five Forces Analysis

5.2 Impact of COVID-19

5.3 Ansoff Matrix Analysis

6 Global Artificial Intelligence In Diagnostics Market, By Components

6.1 Introduction

6.2 Hardware

6.3 Software

6.4 Services

7 Global Artificial Intelligence In Diagnostics Market, By Diagnosis

7.1 Introduction

7.2 Radiology

7.3 Pathology

7.4 Cardiology

7.5 Oncology

7.6 Neurology

7.7 Chest and Lung

7.8 Others

8 Global Artificial Intelligence In Diagnostics Market, By Geography

8.1 Introduction

8.2 North America

8.2.1 US

8.2.2 Canada

8.2.3 Mexico

8.3 South America

8.3.1 Brazil

8.3.2 Argentina

8.4 Europe

8.4.1 UK

8.4.2 France

8.4.3 Germany

8.4.4 Italy

8.4.5 Spain

8.4.6 Rest of Europe

8.5 Asia-Pacific

8.5.1 China

8.5.2 Japan

8.5.3 India

8.5.4 Indonesia

8.5.5 Malaysia

8.5.6 South Korea

8.5.7 Australia

8.5.8 Russia

8.5.9 Rest of APAC

8.6 Rest of the World

8.6.1 Qatar

8.6.2 Saudi Arabia

8.6.3 South Africa

8.6.4 United Arab Emirates

8.6.5 Latin America

9 Competitive Landscape

9.1 Competitive Quadrant

9.2 Market Share Analysis

9.3 Competitive Scenario

9.3.1 Mergers & Acquisitions

9.3.2 Agreement, Collaborations, & Partnerships

9.3.3 New Product Launches & Enhancements

9.3.4 Investments & Funding

10 Company Profiles

  • AIndra
  • Amazon Web Service. Inc.
  • Atomwis. Inc.
  • Babylon Health
  • Butterfly Network Inc.
  • Caption Health
  • Caresyntax Inc.
  • Cloudmedx Inc.
  • Context Vision
  • Cota Healthcare
  • CureMetrix Inc.
  • Enliti. Inc.
  • FDN. Inc.
  • GE Healthcare
  • Google LLC
  • IBM Corporation
  • Imagia Cybernetics Inc.
  • Intel Corporation
  • Johnson & Johnson
  • Koninklijke Philips N.V.
  • Linguamatics (UK.)
  • Lucina Health. Inc.
  • Lunit Inc.
  • MDLIVE Inc.
  • Medtronic PLC.
  • Micron Technologies
  • Microsoft Corporation
  • NVIDIA Corporation
  • Physi. Inc.
  • Qure.ai Technologies Private Limited
  • Siemens Healthineers AG

For more information about this report visit https://www.researchandmarkets.com/r/i94wts

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900