U.S. Artificial Intelligence In Cancer Diagnostics Market Size & Outlook
U.S. artificial intelligence in cancer diagnostics market, 2018-2030 (US$M)
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U.S. artificial intelligence in cancer diagnostics market highlights
- The U.S. artificial intelligence in cancer diagnostics market generated a revenue of USD 97.8 million in 2023 and is expected to reach USD 452.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 24.5% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component type in 2023.
- Software 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 97.8 million |
| Market revenue in 2030 | USD 452.9 million |
| Growth rate | 24.5% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| 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, U.S. accounted for 50.4% 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 North America, U.S. artificial intelligence in cancer diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 49.2 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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U.S. 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 43.97% in 2023. Horizon Databook has segmented the U.S. artificial intelligence in cancer diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. leads in usage of AI in cancer diagnostics market in the North American region. This can be attributed to rising demand for AI to transform the world of medicine and assist healthcare professionals in reshaping diagnosis & treatment of cancer. Increase in demand for AI in medical imaging is also boosting the market growth.
The AI-powered medical imaging systems produce scans that assist radiologists in identifying patterns & indicating treatments for patients affected with cancer. The U.S. government federal budget proposal for 2020 includes the allocation of USD 850 billion for funding AI initiatives in various fields.
The U.S. government launched a website called AI.gov that includes information on ongoing efforts to regulate and implement AI. The objective of launching the website is to encourage government agencies to offer sustained investment in the industry.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. artificial intelligence in cancer diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. artificial intelligence in cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. artificial intelligence in cancer diagnostics market size, by component type, 2018-2030 (US$M)
U.S. Artificial Intelligence In Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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