North America Artificial Intelligence (AI) in Medical Diagnostics Market Size, Share & Industry Trends Analysis Report By Application (In Vivo Diagnostics and In Vitro Diagnostics), By End User, By Component (Services and Software), By Country and Growth

North America Artificial Intelligence (AI) in Medical Diagnostics Market Size, Share & Industry Trends Analysis Report By Application (In Vivo Diagnostics and In Vitro Diagnostics), By End User, By Component (Services and Software), By Country and Growth Forecast, 2022 - 2028

The North America Artificial Intelligence (AI) in Medical Diagnostics Market would witness market growth of 38.1% CAGR during the forecast period (2022-2028).

Artificial intelligence (AI) refers to the building of unique systems with the use of algorithms and software that are capable of performing specific tasks without human interaction or guidance. The combination of multiple technologies, including natural language processing, machine learning, reasoning, and perception, constitutes artificial intelligence.

In diagnostics, AI is utilized to approximate human cognition and analyze complicated diagnostic and medical imaging data. The primary application of artificial intelligence in healthcare is to evaluate the link between treatment strategies and patient outcomes. In medical operations such as diagnostic procedures, drug research, tailored medications, and patient monitoring, AI applications are utilized.

For instance, AI could assist in clinical procedures by monitoring vital signs, asking patients questions, and providing medicines. During medical procedures, AI systems can also be utilized for alerts and reminders, information retrieval, picture interpretation, and therapeutic planning. Deep learning is the most popular form of AI technology and is used for image identification, signal recognition, and data mining.

The burden of chronic diseases is significantly high throughout the region. According to the Centers for Disease Control and Prevention, at least one chronic condition, such as heart disease, stroke, cancer, or diabetes, affects the lives of six out of every 10 people in the United States. These as well as several other chronic diseases are the main causes of disability and death in the United States, and they are also one of the primary drivers of the expenses associated with health care. The prevalence of chronic diseases is constantly increasing in regional countries and is estimated to spread rapidly in the coming years.

The US market dominated the North America Artificial Intelligence (AI) in Medical Diagnostics Market by Country in 2021; thereby, achieving a market value of $1,982.9 million by 2028. The Canada market is experiencing a CAGR of 41.2% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 40% during (2022 - 2028).

Based on Application, the market is segmented into In Vivo Diagnostics and In Vitro Diagnostics. Based on Vivo Diagnostics Specialty Type, the market is segmented into Radiology, Cardiology, Neurology, Obstetrics/gynecology, Ophthalmology and Others. Based on Vivo Diagnostics Modality Type, the market is segmented into Computed Tomography, X-Ray & Ultrasound, Magnetic Resonance Imaging and Others. Based on End User, the market is segmented into In Hospitals, Diagnostics Imaging Centers, Diagnostics Laboratories and Others. Based on Component, the market is segmented into Services and Software. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Nvidia Corporation, IBM Corporation, Intel Corporation, Google LLC, Siemens Healthineers AG (Siemens AG), General Electric (GE) Co. (GE Healthcare), Xilinx, Inc., Digital Diagnostics, Inc. and InformAI, LLC

Scope of the Study

Market Segments covered in the Report:

By Application

• In Vivo Diagnostics
• Vivo Diagnostics Specialty Type

Radiology

Cardiology

Neurology

Obstetrics/gynecology

Ophthalmology

Others

• Vivo Diagnostics Modality Type

Computed Tomography

X-Ray & Ultrasound

Magnetic Resonance Imaging

Others

• In Vitro Diagnostics

By End User

• Hospitals
• Diagnostics Imaging Centers
• Diagnostics Laboratories
• Others

By Component

• Services
• Software

By Country

• US
• Canada
• Mexico
• Rest of North America

Companies Profiled

• Microsoft Corporation
• Nvidia Corporation
• IBM Corporation
• Intel Corporation
• Google LLC
• Siemens Healthineers AG (Siemens AG)
• General Electric (GE) Co. (GE Healthcare)
• Xilinx, Inc.
• Digital Diagnostics, Inc.
• InformAI, LLC

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