AI-powered diagnostic systems deliver precise and efficient diagnoses, enabling healthcare professionals to develop timely and effective treatment plans. This integration of AI extends across various diagnostic tools, including X-rays, enhancing their capabilities on a broader scale.
WILMINGTON, Del., July 17, 2024 /PRNewswire/ — The market for AI-based medical diagnostic tools accounted for US$ 1.3 billion in 2023. A CAGR of 20.8% is expected from 2024 to 2034, culminating in a market value of US$ 11.5 billion by 2034. Medical diagnostic instruments based on AI require ongoing research and development.
In addition to enhancing the efficiency of existing algorithms, this involves investigating new artificial intelligence approaches such as deep learning, reinforcement learning, and federated learning for medical applications.
AI-based diagnostic tools can empower patients by providing them with personalized health information. Smartphone apps and AI-driven health monitoring gadgets can help patients manage their health and well-being more actively.
Medical specialists and facilities are often limited in underserved or distant places, so AI-based diagnostics can be especially helpful. Through the use of portable diagnostic devices and telemedicine platforms, Artificial Intelligence can increase access to healthcare for communities that have limited access to healthcare.
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Healthcare systems are expected to incorporate AI-based diagnostic technologies as they advance in sophistication and dependability. This integration may include seamless integration with clinical decision support systems and electronic health records (EHR) in order to speed up diagnosis for healthcare practitioners.
Key Findings of the Market Report
Global AI-based Medical Diagnostic Tools Market: Growth Drivers
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AI-based Medical Diagnostic Tools Market Report Scope:
Report Coverage |
Details |
Forecast Period |
2024-2034 |
Base Year |
2020-2022 |
Size in 2023 |
US$ 1.3 Bn |
Forecast (Value) in 2034 |
US$ 11.5 Bn |
Growth Rate (CAGR) |
20.8 % |
No. of Pages |
156 Pages |
Segments covered |
By Component, By Application, By Region, By End-user |
Global AI-based Medical Diagnostic Tools Market: Regional Landscape
Global AI-based Medical Diagnostic Tools Market: Competitive Landscape
AI-based medical diagnostic tool companies are expanding their customer bases through inorganic expansion. Brain tumors can be accurately detected by AI-based tools developed by medical diagnostic companies.
Key Players Profiled
Key Developments
Global AI-based Medical Diagnostic Tools Market: Segmentation
By Component
By Application
By End User
By Region
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