UK Artificial Intelligence In Cancer Diagnostics Market Size & Outlook
UK artificial intelligence in cancer diagnostics market, 2018-2030 (US$M)
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UK artificial intelligence in cancer diagnostics market highlights
- The UK artificial intelligence in cancer diagnostics market generated a revenue of USD 11.9 million in 2023 and is expected to reach USD 68.5 million by 2030.
- The UK market is expected to grow at a CAGR of 28.4% 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 11.9 million |
| Market revenue in 2030 | USD 68.5 million |
| Growth rate | 28.4% (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, UK accounted for 6.1% 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 Europe, UK artificial intelligence in cancer diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 36.2 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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UK 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 47.9% in 2023. Horizon Databook has segmented the UK artificial intelligence in cancer diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as equal adoption of AI technology by NHS and healthcare practitioners to improve diagnosis have contributed to the high market growth. Large investments by the UK government in AI have contributed to growth of AI in healthcare market.
In order to maintain pace with countries such as the U.S. and China, in February 2019, the UK government announced a funding for thousands of postgraduates to pursue masters in AI, as it is a significant technology with a significant impact on industries such as healthcare.
As per an article published by Healthcare IT in June 2020, growing shortage of pathologists in the UK has led to delays in cancer diagnosis for up to 6 weeks, further raising concerns about the accuracy of diagnostics. Factors such as increasing adoption of AI technology by NHS and healthcare practitioners to improve diagnosis have contributed to the high market growth.
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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 UK artificial intelligence in cancer diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into UK artificial intelligence in cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK artificial intelligence in cancer diagnostics market size, by component type, 2018-2030 (US$M)
UK Artificial Intelligence In Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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