Rising Global Demand for AI and ML in Early Disease Detection Drives Market Growth

Published: Aug 2023

The global AI in cancer diagnostics market is anticipated to grow at a CAGR of 32.5% during the forecast period (2023-2030). Artificial Intelligence (AI) has made positive impact across various sectors including healthcare globally. A notable surge in the adoption of AI tools across different domains, including healthcare, has led to a pronounced increase in demand for AI-driven solutions and services within organizations.

Hence, this rapidly increasing interest has pushed healthcare industries to ramp up investment in AI and Machine Learning (ML)-based solutions, thus spurring growth and development within the market. For an instance, in May-2022, Therapixel launched MammoScreen 2D and 3D, an AI-based software that automatically analyzes mammograms and displays a summary report to radiologists, providing breast cancer detection and using prior exams to refine prediction.

Browse the full report description of “Artificial Intelligence in Cancer Diagnostics Market Size, Share & Trends Analysis Report by Application (Screening & Diagnosis, Tumor Identification and Surveillance), by type (Breast Cancer, Prostate Cancer, Lung Cancer, Colorectal Cancer, and Others (Cervical Cancer, blood cancer, bone cancer and other)), and by End User (Hospitals, Diagnostic centers, Research Organization, Medical Institute and academics), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/artificial-intelligence-in-cancer-diagnostics-market

In addition, the growing awareness of early cancer diagnostics drives the growth of AI in cancer diagnostics. The rise in the number of government programs to promote healthcare organizations along with healthcare providers to combine AI technologies in their hospitals for the betterment and advance the therapy of the patients. For instance, in May 2021, Quest Diagnostics and Paige announced a collaboration designed to unlock the potential of artificial intelligence (AI) to improve and speed the diagnosis of cancer and other diseases that rely on pathologic assessment. The collaboration involves analysis using Paige's proprietary machine learning expertise of pathology diagnostic data and digitized slides from Quest Diagnostics and its AmeriPath and Dermpath businesses to uncover markers of cancer and other diseases. Using these insights, the parties intend to develop new software products which, following regulatory approval, will be marketed to pathologists, oncologists and other providers to support disease diagnosis.

Market Coverage

The market number available for – 2022-2030

Base year- 2022

Forecast period- 2023-2030

Segment Covered- 

o By Application

o By Type

o By End User 

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includes, IBM Corp., Intel Corp., Pfizer Inc., Microsoft Corp., Janssen Pharmaceuticals, and others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global Artificial Intelligence in Cancer Diagnostics Market Report Segment

By Application

  • Screening & Diagnosis
  • Tumor Identification
  • Surveillance

By Type

  • Breast Cancer
  • Prostate Cancer
  • Lung Cancer
  • Colorectal Cancer
  • Others (Cervical Cancer, Blood Cancer, Bone Cancer and Other)

By End user

  • Hospitals
  • Diagnostic Centers
  • Research Organization
  • Medical Institute and Academics
  • Government Healthcare Organizations

Global Artificial Intelligence in Cancer Diagnostics Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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