AI in Oncology Market is worth USD 0.76 billion in 2022 and is estimated to grow at a CAGR of 35.4% in the forecasted period. The forecasted revenue hints at a growth of around 6.4 billion USD by 2029.
AI in Oncology Market Overview
The research on the AI in Oncology Market is based on the detailed dynamics the Market. The report covers Market revenue forecasts at global, regional and segment, and national levels. Industry potential is deeply studied. Region wise trend during the forecast period and individual nation Market share are all included in AI in Oncology Market research.
AI in Oncology Market Report Scope and Research Methodology
The Market report offers a qualitative and quantitative analysis of the AI in Oncology Market’s size, price, demand, mergers and acquisitions, supply chain, investments, and expansion plans by major competitors, as well as forecasts. The thorough segment analysis offers precise details on the Market potential. The report gives investors a thorough understanding of the future of the AI in Oncology industry as well as the factors that are anticipated to have both positive and negative effects on the Market.
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The report offers fundamental information on the Market such as stakeholders, investors and new entrants used to develop Marketing plans and investments. The report contains Market leaders, followers, and new entrants in the AI in Oncology Industry together with information on their strategies, revenues, partnerships, joint ventures, etc. for the competitive analysis. The size of the Market was calculated using the bottom-up method. A combination of primary and secondary research collection techniques was used to gather the data for the AI in Oncology Market report.
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Market Segmentation
The most prevalent type of cancer, according to cancer type, is breast cancer, which makes up roughly 41% of this market sector for AI in oncology. The CAGR for cervical cancer is the greatest of the five, and it is projected to increase during the estimated period. The market share for AI in oncology is approximately equal between prostate cancer and lung cancer. Identification is crucial since early diagnosis aids in the development of precise anticancer treatments. Of the five forms of cancer, colorectal cancer has the smallest market.
Chemotherapy, Radiotherapy, and Immunotherapy are the three areas that can be divided based on treatment in the oncology market for AI. 40% of the market was accounted for by chemotherapy in 2022. Chemotherapy is one of the most often utilised cancer therapies. It is used to treat cancer. The use of AI in chemotherapy treatment enables clinicians to build digital patient profiles and adjust dosage. Research on AI-chemotherapy spurs market expansion. The acceptability of chemotherapy is increased by AI-tailored treatment with lower dosage and side effects. The fastest growth in immunotherapy is predicted, as clinical trials have shown it to be quite effective. Due to its usage in a variety of cancer treatments, radiotherapy has a sizable market share.
Market Key Players
1. IBM – (United States)
2. Siemens Healthcare GmbH – (Germany)
3. Intel Corporation – (United States)
4. Hampton Research (USA)
5. Azra AI –(USA)
6. GE Healthcare – (USA)
7. NVIDIA Corporation – (USA)
8. Digital Diagnostics Inc – (USA)
9. ConcertAI – (USA)
10. PathAI (USA)
11. Tempus – (USA)
12. Paige – (USA)
13. Prognos – (USA)
14. Deep 6 AI – (USA)
15. Proscia – (USA)
16. Inspirata – (USA)
17. Enlitic – (USA)
18. DeepMind – (United Kingdom)
19. Sophia Genetics – (Switzerland)
20. Nanox – (Israel)
21. Ibex Medical Analytics – (Israel)
22. Aidoc – (Israel)
23. Zebra Medical Vision – (Israel)
24. Quantib – (Netherlands)
25. Kheiron Medical Technologies – (United Kingdom)
26. Qure.ai – (India)
Market Regional Insights
The Regional Analysis used in the report to understand the AI in Oncology Market status in various countries. The report involves a thorough analysis of all the factors, Market size, growth rate, and import and export in regions. The AI in Oncology Market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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Key questions answered in the AI in Oncology Market are:
- What is AI in Oncology?
- What was the Market size in 2023?
- What is the growth rate of the Market?
- Which are the factors expected to drive the Market growth?
- What are the different segments of the Market?
- What growth strategies are the players considering to increase their presence in AI in Oncology?
- What are the upcoming industry applications and trends for the Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Market?
- What is the demand pattern of the AI in Oncology Market?
- What major challenges could the Market face in the future?
- What segments are covered in the Market
- What segments are covered in the Market?
- Who are the key players in the Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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