Dublin, Oct. 28, 2022 (GLOBE NEWSWIRE) — The “Global Artificial Intelligence (AI) in Medical Diagnostics Market by Component (Software, Service), Application (In Vivo, Radiology, Neurology, CT, MRI, X-Ray, IVD), End User (Hospital, Diagnostic Imaging Center, Diagnostic Laboratory) . ) – forecast until 2027” Report has been added ResearchAndMarkets.com Offer.
The global market for AI in medical diagnostics is projected to reach USD 5.5 billion from USD 1.0 billion in 2022 to 2027, at a CAGR of 39.9% over the forecast period. The adoption of AI in medical diagnostics is growing rapidly due to factors such as the increase of various government initiatives to promote the adoption of AI-based technologies, AI solutions more widely used by radiologists to reduce workload, the influx of Big Data, funding being made available to AI-based startups, and the growing number of cross-industry partnerships and collaborations.
However, the lack of trained AI staff, unstable regulations, and doctors’ reluctance to adopt these solutions are factors that are expected to restrain the market growth.
The software segment is expected to grow the most during the forecast period
Based on the components, the market for AI in medical diagnostics is segmented into software and services. In 2021, the services segment dominated the market while the software segment is expected to grow at a higher CAGR over the forecast period. Software solutions help healthcare providers gain a competitive advantage despite the challenges of staff shortages and increasing volumes of imaging scans.
The in vivo diagnostics segment has accounted for the largest share of the global AI in the medical diagnostics market
On the basis of application, AI in medical diagnostics market is segmented into in vivo and in vitro diagnostics. The segment of in vivo diagnostics accounted for the largest share of this market in 2021. The large share of this segment is due to the increasing acceptance of AI solutions by…
