Global artificial intelligence (AI) in oncology market is anticipated to grow at a CAGR of 32.6 % during the forecast period. Medical imaging analysis using AI is used to analyze medical images including X-rays, CT scans, MRIs, PET scans, and histopathology slides. It can help detect and characterize tumors, lesions, and abnormalities, in addition to identifying cancerous cells and tissue patterns. AI can additionally be used to analyze genomic data and determine how a patient's genetic makeup affects their response to specific cancer drugs. Furthermore, AI can be used to create precise radiation therapy treatment plans, tailor chemotherapy regimens, identify the most suitable targeted therapies, and match cancer patients with suitable clinical trials. The market’s growth is attributed to data quality and accessibility. Utilizing electronic health records (EHRs) and platforms such as Vista, a significant amount of real-world, high-quality patient data can be collected. For developing insights into cancer treatment and training AI models, a comprehensive dataset is essential. For instance, in October 2023, COTA launched a new real-world data platform to accelerate cancer research and advance generative AI models in oncology. To promote real-world evidence (RWE) insights in oncology and to open the door for the development of trusted generative AI in cancer care, Vista was developed employing automation to speed up and, consequently, scale up EHR data abstraction.

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Furthermore, AI platforms such as Tara make use of a wide range of data sources, including electronic health records and genomic information. This has contributed to the increased importance of real-world data and real-world evidence in cancer research and treatment. in September 2023, Belong.Life launched Tara - an AI SaaS matching cancer patient to clinical trials. The Tara platform, aimed toward medical professionals and contract research organizations (CROs), was designed to accelerate the process of matching individuals with clinical trials that are appropriate for individuals.

Global Artificial Intelligence (AI) in Oncology Market Report Segment

By Component

Software
Hardware
Services

By Cancer Type

Breast Cancer
Lung Cancer
Prostate Cancer
Colorectal Cancer
Brain Tumor
Others (Pancreatic Cancer, and Ovarian Cancer)

By Treatment Type

Chemotherapy and Drug Development
Radiation Therapy
Immunotherapy
Others (Surgery, and Targeted Therapies)

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Rest of the World

Middle East & Africa
Latin America

Company Profiles

Amazon Web Service, Inc.
Azra AI.
ai
Clinithink
ConcertAI LLC
Exscientia plc

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