Artificial intelligence in Medical Diagnostics Market Size

  • Report ID: 3731
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Artificial intelligence in Medical Diagnostics Market Size

Artificial intelligence (AI) in Medical Diagnostics Market size was over USD 1.56 billion in 2024 and is poised to exceed USD 24.25 billion by 2037, growing at over 23.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of artificial intelligence in medical diagnostics is evaluated at USD 1.87 billion.

The growth of the market can be attributed to the increasing use of machine-algorithm and software to mimic human analysis and interpretation of complex medical data. With the rise in human population, the medical and healthcare data is also increasing enormously, which has generated a demand for machine-learning and artificial intelligence in the healthcare sector to accurately analyze relationship between prevention and treatment techniques with respect to patient outcomes. Along with this, the increasing adoption of AI amongst various end-user industries is estimated to boost the market growth. For instance, it has been observed that by 2019, more than 35% of the organizations globally, were using artificial intelligence.

Moreover, growing patient pool at various hospitals, backed by rising prevalence of lifestyle diseases, such as, diabetes, hypertension, cardiovascular diseases, and others, is further estimated to drive the market growth. In addition to this, the increasing health awareness amongst people has also led to the surge in demand for early diagnosis of diseases, which is projected to promote the market growth. Furthermore, the growing technological advancement in the healthcare sector, backed by rising healthcare expenditure, is forecasted to boost the market growth. According to the data by the World Bank, USD 1,111.082 was spent per capita on healthcare in 2018.


Artificial intelligence (AI) in Medical Diagnostics Market
Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 3731
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of artificial intelligence in medical diagnostics is evaluated at USD 1.87 billion.

Artificial intelligence (AI) in Medical Diagnostics Market size was over USD 1.56 billion in 2024 and is poised to exceed USD 24.25 billion by 2037, growing at over 23.5% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is likely to hold largest revenue share by 2037, due to increasing incidences of lifestyle diseases amongst the growing population of the region, along technological advancements in countries, such as, Japan, and South Korea.

The major players in the market are Butterfly Network, Inc., Aidence B.V., Siemens AG, GE Healthcare, Digital Diagnostics Inc., and others.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample