China Artificial Intelligence In Cancer Diagnostics Market Size & Outlook
China artificial intelligence in cancer diagnostics market, 2018-2030 (US$M)
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China artificial intelligence in cancer diagnostics market highlights
- The China artificial intelligence in cancer diagnostics market generated a revenue of USD 14.9 million in 2023 and is expected to reach USD 90.6 million by 2030.
- The China market is expected to grow at a CAGR of 29.4% 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 14.9 million |
| Market revenue in 2030 | USD 90.6 million |
| Growth rate | 29.4% (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, China accounted for 7.7% 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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China 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 48.32% in 2023. Horizon Databook has segmented the China artificial intelligence in cancer diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
China is increasing application of AI in healthcare system, which is rapidly improving disease diagnosis and treatment accuracy in country-level hospitals. Various startups are investing in AI in healthcare to enhance this sector for patients and doctors.
For instance, Beijing-based startup PereDoc has developed AI software that can parse CT scans and discover potential nodules, especially in lung scans. According to a media channel, in October 2018, virtually 200 hospitals in China used PereDoc technology, which has an accuracy rate of 94.9% to 99.7 %, depending on its size nodule.
Rapidly aging population, overburdening of hospitals with patients, and shortage of doctors are among the factors that have led e-commerce giant Alibaba to provide AI and machine learning to help doctors & hospitals. Alibaba’s cloud computing division has created AI medical solutions that would assist with drug development, diagnostics, & medical imaging and help identify different types of early-stage cancers.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the China artificial intelligence in cancer diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into China artificial intelligence in cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China artificial intelligence in cancer diagnostics market size, by component type, 2018-2030 (US$M)
China Artificial Intelligence In Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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