Artificial Intelligence in Cancer Diagnostics Market Poised to Reach $0.91 Billion by 2027, With a Notable CAGR of 32%
The Business Research Company’s Artificial Intelligence in Cancer Diagnostics Global Market Report 2023 – Market Size, Trends, And Forecast 2023-2027
LONDON, GREATER LONDON, UK, October 27, 2023 /EINPresswire.com/ — The global artificial intelligence in cancer diagnostics market is set for a substantial upsurge, escalating from $0.22 billion in 2022 to $0.91 billion by 2027, at an impressive compound annual growth rate (CAGR) of 32%. Despite the adverse impacts of the Russia-Ukraine war on global economic recovery, the integration of artificial intelligence in cancer diagnostics is significantly bolstering the diagnostic process, enabling more efficient and accurate identification of cancerous lesions.
Driving Forces: Surge in Cancer Prevalence
The steady increase in cancer prevalence is serving as a prime driver for the growth of the artificial intelligence in cancer diagnostics market. Leveraging advanced AI technologies, the market is witnessing the development of innovative tools and solutions, facilitating enhanced accuracy and efficiency in the diagnosis and classification of various cancer types.
Market Segments and Key Players
• Component: Software Solutions, Hardware, Services
• Cancer Type: Breast Cancer, Lung Cancer, Prostate Cancer, Colorectal Cancer, Brain Tumor, Other Types
• Application: Screening And Diagnosis, Tumor Identification, Surveillance, Treatment
• End-User: Hospitals, Medical Research Institute, Diagnostic Centers, Contract Research Organization
Leading market players, including Microsoft Corporation, Pfizer Inc., and Johnson & Johnson’s, are at the forefront, driving advancements in AI-powered cancer diagnostic tools and solutions.
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Innovative Strides: Redefining Cancer Diagnosis
An innovative trend in the market is the launch of QAi Prostate by Qritive, a pioneering AI-powered tool designed for prostate cancer diagnosis. With its precise identification and classification of malignant and benign tumor areas, QAi Prostate equips pathologists with comprehensive data to make informed decisions swiftly, significantly enhancing the diagnostic process.
Strategic Acquisitions Shaping Market Landscape
Strategic acquisitions, such as RadNet’s acquisition of Aidence Holding B.V. and Quantib B.V., underscore the company’s commitment to integrating AI technologies into the lung and prostate cancer diagnostic pathways, further solidifying its position in the competitive AI in cancer diagnostics landscape.
Gain comprehensive insights into the global artificial intelligence in cancer diagnostics market by exploring the full report here:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-in-cancer-diagnostics-global-market-report
Artificial Intelligence In Cancer Diagnostics Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Artificial Intelligence In Cancer Diagnostics Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on artificial intelligence in cancer diagnostics market size, artificial intelligence in cancer diagnostics market drivers and trends, artificial intelligence in cancer diagnostics market major players, artificial intelligence in cancer diagnostics market competitors’ revenues, artificial intelligence in cancer diagnostics market positioning, and artificial intelligence in cancer diagnostics market growth across geographies. The artificial intelligence in cancer diagnostics market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the artificial intelligence in cancer diagnostics market report and tap into segments with the highest growth potential.
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