Artificial Intelligence (Ai) in Medical Diagnostics Market Overview

AI in Medical Diagnostics Market mainly driven by the government initiatives to increase the adoption of AI – based technology. Using a AI –based technology in medical diagnostics, that can helpful to diagnosis process and get accurate reports patients thus indirectly effect on patient care and easily handling of report. Owing to this factors government supports to start- up and providing funding to growth of AI based start-up in across the worldwide.

Moreover, growing focus on reducing the workload of radiologists and influx the large and complex datasets in medical field that has been increasing the demand of AI in medical diagnostics market.

However the Ai has lots of benefits but among that there is need to understand these technologies and have to professional handling, but lack of this factors AI in medical diagnostics market can be restrain  during the forecast period.
 
Covid-19 Impact on Artificial Intelligence (Ai) in Medical Diagnostics Market:
 
In addition, the present Global Market study offers an in depth analysis of the present COVID-19 pandemic impact on the market growth and its influence on the longer term growth of the worldwide Market. The recently published report demonstrates the elevation within the demand for the healthcare sector. The healthcare manufacturers have experienced future also as short term effect which incorporates supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption might be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.

The increasing need for a cure has pushed vaccine research and makers to the limit. In addition to the present, panic conditions have already spurred the demand for several healthcare products and services which are discussed intimately during this report. Moreover, the impact of this pandemic on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
 
Artificial Intelligence (Ai) in Medical Diagnostics Market Segment Overview
 
 By component, the services segment dominated this market in 2020, while the software segment is estimated to grow at a better CAGR during the forecast period. Software solutions help healthcare providers gain a competitive edge despite the challenges of being short-staffed and facing increasing imaging scan volumes. This is often a key factor driving the expansion of the software segment.

By Diagnosis Tool, The neurology segment dominated the marketplace for AI in diagnostics and accounted for the biggest revenue share in forecast period. Increasing consumer shift toward value-based care, early diagnosis and precise detection provided by artificial intelligence-based solutions, and rising prevalence of varied neurological diseases, like epilepsy, Alzheimer's disease, ischemic brain stroke, Parkinson’s disease, and MS , is driving the segment growth.

By End User, the hospital and clinic segment dominated this market in 2020; this segment is estimated to grow at a better CAGR during the forecast period. The massive share of this segment are often attributed to the rising number of diagnostic imaging procedures performed in hospitals, the growing inclination of hospitals toward the automation and digitization of radiology patient workflow, increasing adoption of minimally invasive procedures in hospitals to enhance the standard of patient care, and therefore the rising adoption of advanced imaging modalities to enhance workflow efficiency.

Market Analysis, Insights and Forecast – By Component  
·       Software
·       Service
·       Hardware

Market Analysis, Insights and Forecast – By Diagnosis Tool 
·      Radiology
·      OBGY
·      MRI
·      CT
·      Ultrasound
·      IVD

Market Analysis, Insights and Forecast – By End User
·      Hospital and Clinic
·      Diagnostic Laboratory
·      Home Care
 
Artificial Intelligence (Ai) in Medical Diagnostics Market Regional Overview

Region-wise, in terms of regions, the region is anticipated to grow at the fastest rate during the forecast period. The presence of a long-time healthcare sector, growing adoption of healthcare IT solutions in medical diagnosis, and lucrative funding options available for the development of AI-based diagnosis software are factors contributing to regional market growth.

Artificial Intelligence (Ai) in Medical Diagnostics Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Artificial Intelligence (Ai) in Medical Diagnostics Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Artificial Intelligence (Ai) in Medical Diagnostics are highlighted below.
 
·        In 2020, Zebra Medical Vision united with Clalit Health Services that’s result to develop cloud-based imaging AI to serve large-scale HMO, to enable higher workflow efficiency and reduce costs.
 
Artificial Intelligence (Ai) in Medical Diagnostics Market, Key Players

·       Aidoc
·       AliveCor
·       GE Healthcare
·       Imagen Technologies
·       Vuno Inc.
·       IDx Technologies Inc.
·       Siemens Healthcare GmbH
·       Neural Analytics
·       Riverain Technologies
·       Zebra Medical Vision