AI in Medical Diagnostics Market worth $3,868 million by 2025
The research study involves four major activities in estimating the size of the AI in medical diagnostics
market. Exhaustive secondary research was done to collect information on the market, peer market, and
parent market. The next step was to validate these findings, assumptions, and sizing with industry
experts across value chains through primary research. The bottom-up approach was employed to
estimate the overall market size. After that, market breakdown and data triangulation were used to
estimate the market size of segments and sub-segments.
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Major Market Growth Drivers:
Growth in Artificial Intelligence (Ai) in Medical Diagnostics Market is primarily driven by government
initiatives to increase the adoption of AI-based technologies, increasing demand for AI tools in the
medical field, growing focus on reducing the workload of radiologists, influx of large and complex
datasets, growth in funding for AI-based start-ups, and the growing number of cross-industry
partnerships and collaborations.
Revenue Growth Analysis:
[172 Pages Report] The global AI in medical diagnostics market is projected to reach USD 3,868 million
by 2025 from USD 505 million in 2020, at a CAGR of 50.2% during the forecast period.
Browse and in-depth TOC on" Artificial Intelligence in Medical Diagnostics Market"
147 – Tables
35 – Figures
172 – Pages
Software segment is expected to grow at the highest CAGR
On the basis of component, the AI in medical diagnostics market is segmented into software and
services. The services segment dominated this market in 2020, while the software segment is estimated
to grow at a higher 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 a key factor driving the growth of th