DUBLIN, Nov. 11, 2022 /PRNewswire/ — 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 to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global AI in medical diagnostics market is projected to reach USD 5.5 Billion by 2027 from USD 1.0 Billion in 2022, at a CAGR of 39.9% during the forecast period. The adoption of AI in medical diagnostics is growing at a fast pace owing to factors such as rise in various government initiatives to drive the uptake of AI-based technologies, AI solutions being more use by radiologists to reduce workload, the influx of big data, fundings made available for AI-based startups, and the growing number of cross-industry partnerships & collaborations.
However, the lack of trained AI workforce, unstable regulations, and the reluctance among medical practitioners to adopt these solutions are factors expected to restrain the market growth.
Software segment is expected to grow at the highest rate during the forecast period
On the basis components, AI in medical diagnostics market is segmented into software and services. In 2021, the services segment dominated the market, while the software segment is estimated to grow at a higher CAGR during the forecast period. Software solutions help healthcare providers . ..