North America Ai In Oncology Market Size & Outlook
North America ai in oncology market, 2018-2030 (US$M)
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North America ai in oncology market highlights
- The North America ai in oncology market generated a revenue of USD 1,176.7 million in 2023.
- The market is expected to grow at a CAGR of 29.5% from 2024 to 2030.
- In terms of segment, software solutions was the largest revenue generating component in 2023.
- Software Solutions is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,176.7 million |
| Market revenue in 2030 | USD 7,191.7 million |
| Growth rate | 29.5% (CAGR from 2023 to 2030) |
| Largest segment | Software solutions |
| Fastest growing segment | Software Solutions |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software Solutions, Hardware, Services |
| Key market players worldwide | International Business Machines Corp, Siemens Healthineers AG ADR, Intel Corp, GE HealthCare Technologies Inc Common Stock, NVIDIA Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 42.1% of the global ai in oncology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,853.2 million by 2030.
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AI In Oncology Market Scope
AI In Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America ai in oncology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai in oncology market will help companies and investors design strategic landscapes.
Software solutions was the largest segment with a revenue share of 50.07% in 2023. Horizon Databook has segmented the North America ai in oncology market based on software solutions, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
Key factors contributing to the market growth in this region include presence of major market players, the rising prevalence of cancer, expanding digital infrastructure, increasing patient awareness, government initiatives, and a growing understanding of AI applications in oncology.
Furthermore, the increasing adoption of AI in cancer diagnosis and growing investments in AI healthcare startups are anticipated to propel growth of AI in oncology market in North America. In addition, various initiatives undertaken by various research institutes to advance AI applications in the oncology field contribute to market growth.
Growing government initiatives and business strategies, including mergers & acquisitions, portfolio expansions, and collaborations by market players to promote AI implementation in the oncology field, are contributing to the accelerated growth in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America ai in oncology market , including forecasts for subscribers. This continent databook contains high-level insights into North America ai in oncology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America ai in oncology market size, by country, 2018-2030 (US$M)
North America AI In Oncology Market Outlook Share, 2023 & 2030 (US$M)
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