Australia Artificial Intelligence In Cancer Diagnostics Market Size & Outlook
Australia artificial intelligence in cancer diagnostics market, 2018-2030 (US$M)
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Australia artificial intelligence in cancer diagnostics market highlights
- The Australia artificial intelligence in cancer diagnostics market generated a revenue of USD 1.8 million in 2023 and is expected to reach USD 10.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 29.5% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component type in 2023.
- Services is the most lucrative component type segment registering the fastest growth during the forecast period.
Artificial intelligence in cancer diagnostics market data book summary
| Market revenue in 2023 | USD 1.8 million |
| Market revenue in 2030 | USD 10.8 million |
| Growth rate | 29.5% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Hardware, Services |
| Key market players worldwide | Microsoft Corp, Roche Holding AG, Quest Diagnostics Inc, Medial EarlySign, CancerCenter.AI, Therapixel, Tempus, Kheiron, SkinVision |
Other key industry trends
- In terms of revenue, Australia accounted for 0.9% of the global artificial intelligence in cancer diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China artificial intelligence in cancer diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 10.8 million by 2030.
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Artificial Intelligence In Cancer Diagnostics Market Scope
Artificial Intelligence In Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia artificial intelligence in cancer diagnostics 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 artificial intelligence in cancer diagnostics market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 50% in 2023. Horizon Databook has segmented the Australia artificial intelligence in cancer diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
Australia’s healthcare system is mostly managed by the government. Ineffective coverage of treatment, long wait time for surgery, and higher burden of chronic diseases in rural areas are among the major factors boosting the adoption of digital tools such as AI for better patient outcomes in the country.
According to an article published The University of Sydney in August 2018, to improve diagnostic neuroimaging of brain ailments, the Federal Government awarded AUD 2.36 million (USD 1.83 million) to Sydney Neuroimaging Analysis Center to partner with Brain and Mind Centre for developing new medical imaging techniques based on AI.
Investments by several startups in AI in healthcare market have contributed to growth of the market. For instance, Maxwell Plus invested USD 3 million to offer a platform to optimize diagnostic imaging technologies.
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Our clientele includes a mix of artificial intelligence in cancer diagnostics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia artificial intelligence in cancer diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Australia artificial intelligence in cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia artificial intelligence in cancer diagnostics market size, by component type, 2018-2030 (US$M)
Australia Artificial Intelligence In Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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