India Artificial Intelligence In Cancer Diagnostics Market Size & Outlook
India artificial intelligence in cancer diagnostics market, 2018-2030 (US$M)
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India artificial intelligence in cancer diagnostics market highlights
- The India artificial intelligence in cancer diagnostics market generated a revenue of USD 6.9 million in 2023 and is expected to reach USD 41.4 million by 2030.
- The India market is expected to grow at a CAGR of 29.1% 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 6.9 million |
| Market revenue in 2030 | USD 41.4 million |
| Growth rate | 29.1% (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, India accounted for 3.6% 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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India 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 47.83% in 2023. Horizon Databook has segmented the India artificial intelligence in cancer diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
India is among the countries that have readily embraced AI in healthcare sector. Tech giants have started focusing on implementing AI in healthcare in the country. AI solutions can help overcome access barriers by solving the problem through early detection, diagnostics, decision-making, & treatment; supporting the scarce personnel & lab facilities and catering to the country’s large population.
For instance, Amazon’s Cloud arm Amazon Web Services has a machine learning service called SageMaker that assists developers in creating AI models for healthcare. GE Healthcare, with the help of Amazon’s SageMaker deployed in MRI and X-ray devices, is training computer vision models.
In India, the use of AI in healthcare sector is significantly increasing. Several startups have started using AI in healthcare. For instance, Niramai Health Analytix, a Bengaluru-based startup, uses AI for painfree breast cancer screening.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India artificial intelligence in cancer diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into India artificial intelligence in cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India artificial intelligence in cancer diagnostics market size, by component type, 2018-2030 (US$M)
India Artificial Intelligence In Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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