Artificial Intelligence in Medical Diagnostics Market Projected to Reach $9.38 Billion at the CAGR of 36.2% by 2029


Posted October 11, 2023 by Harshal

Artificial Intelligence in Medical Diagnostics Market By Component (Software, Services), Specialty (Radiology, Cardiology, Neurology, Obstetrics/Gynecology, Oncology), Modality (MRI, CT, X-ray, Ultrasound), End User - Global Forecast to 2029

 
[Redding, California, October 11, 2023] – The global Artificial Intelligence in Medical Diagnostics Market is poised for extraordinary growth, with experts forecasting it to reach an impressive $9.38 billion by 2029, exhibiting an astounding CAGR of 36.2% between 2022 and 2029. This meteoric rise is attributed to the pressing demand for the integration of AI into medical diagnosis, the escalating shortage of healthcare professionals, and the increasing prevalence of chronic diseases.

However, despite this enormous potential, the adoption of AI technologies has been hindered by trust issues and concerns regarding data security. Regulatory challenges and privacy issues also pose significant obstacles to companies operating in this sector.

Nevertheless, the landscape of AI in medical diagnostics is brimming with opportunities, particularly in emerging economies, and a burgeoning number of cross-industry partnerships and collaborations are expected to drive market expansion.

Top 10 Companies in Artificial Intelligence in Medical Diagnostics Market: https://meticulousblog.org/top-10-companies-in-artificial-intelligence-in-medical-diagnostics-market/

1. Siemens Healthineers AG (Germany): Founded in 1847, Siemens Healthineers offers healthcare solutions globally with a focus on Imaging, Diagnostics, Varian, and Advanced Therapies. They provide over 63 AI-powered solutions for end-users, including hospitals, clinics, laboratories, and more.

2. GE Healthcare (U.S.) (Subsidiary of General Electric Company): Established in 1892, GE Healthcare specializes in medical imaging, diagnostics, and therapeutic solutions. They operate in over 160 countries, catering to various healthcare institutions and utilizing AI through the Edison platform.

3. Aidoc Medical Ltd. (Israel): Founded in 2016, Aidoc offers AI healthcare solutions for radiologists, focusing on detecting acute abnormalities in medical imaging. With over 350 employees, they've raised more than USD 250 million and hold nine FDA-cleared AI solutions.

4. Heartflow Inc. (U.S.): Since 2010, Heartflow has been aiding in cardiovascular disease diagnosis with FFRCT Analysis. They received CE Mark and U.S. FDA clearance and expanded their products globally.

5. AliveCor, Inc. (U.S.): AliveCor, established in 2010, offers a mobile ECG solution for proactive heart care, leveraging AI. Their Kardia platform serves over one million customers worldwide, with 85 million ECGs recorded.

6. Koninklijke Philips N.V. (Netherlands): Founded in 1891, Philips provides diagnostic imaging, therapy, and patient monitoring solutions, with a strong presence worldwide. They have a significant role in the AI in medical diagnostics market.

7. Digital Diagnostics Inc. (U.S.): Formerly known as IDx, Digital Diagnostics focuses on autonomous AI diagnostics, particularly in primary care, with FDA clearance for AI diagnostic platforms.

8. NovaSignal Corporation (U.S.): NovaSignal, established in 2013, offers AI-based solutions for assessing cerebral blood flow, with a focus on improving patient outcomes.

9. Arterys Inc. (U.S.): Arterys provides web-based medical imaging powered by AI for more accurate and faster diagnoses, with a strong emphasis on cloud computing and deep learning.

10. Agfa HealthCare (Belgium) (Subsidiary of Agfa-Gevaert N.V.): Agfa HealthCare operates in the AI in medical diagnostics market through its Radiology and Healthcare IT Divisions, with a global presence.

These companies are leading the charge in developing and implementing AI solutions and services that are driving transformative changes in the healthcare industry.

Top 10 Companies in Artificial Intelligence in Medical Diagnostics Market: https://meticulousblog.org/top-10-companies-in-artificial-intelligence-in-medical-diagnostics-market/

To gain in-depth insights into these companies, including their financial performance, key products, strategic initiatives, and collaborative efforts, we invite you to explore Meticulous Research's comprehensive report, titled "Artificial Intelligence in Medical Diagnostics Market – Global Opportunity Analysis and Industry Forecast (2022-2029)".

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Issued By Harshal
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Categories Business , Health , Technology
Tags artificial intelligence in medical diagnostics market , artificial intelligence in medical diagnostics , artificial intelligence in medical diagnostics market size , artificial intelligence in medical diagnostics market share
Last Updated October 11, 2023