AI and Medical Diagnosis Market More than US$1.1 billion has been invested since 2016 by companies working on the development of artificial intelligence for medical imaging. Companies such as Heart flow received US$340 million investment in the past 5 years. The main expected players in this market are the medical diagnostic systems manufacturers like. General Electric, Philips and Siemens, but also artificial intelligence-guru companies like IBM or Microsoft. Besides these big companies, the number of Intellectual Property (IP) newcomers is important and growing. Unlike the development of new medical devices, artificial intelligence software development costs are moderate. As a result, the number of IP newcomers developing innovative software is likely to continue to rise sharply in the coming years.
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Top Key Vendors in Market: General Electric, Philips and Siemens, but also artificial intelligence-guru companies like IBM or Microsoft.
Among the players that have filed patents about AI in medical diagnostics, over 90 newcomers were identified. Many of these companies are startup firms currently developing their first products. These products consist of software solutions such as software for ultrasound imaging analysis, image resolution improvement or real-time brain monitoring, or medical devices capable of live analysis of biological parameters such as blood glucose monitoring apparatus, sleep monitoring sensors and ECG. Numerous IP newcomers are based in the US while some are based in Israel, in Europe or in Asia. It is possible that one of these innovative companies could become one of the next healthcare unicorns' that big corporations will be tempted to acquire.
On the basis of regional outlook, the global market is divided into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The market is also segmented on the basis of geography, application and type. The AI and Medical Diagnosis Market report also mentions about the various standards of the market and studies them individually. With this, it also provides information such as the most prominent segment, the slow growing segment and sub segment of this market.
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Major highlights of the report:
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- Analysis of market segmentation
- Study and analysis of global AI and Medical Diagnosis Market
- Covering of economic trends
- Identification of global market
- Noteworthy changes in global AI and Medical Diagnosis Market
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