Canada Artificial Intelligence In Diagnostics Market Size & Outlook
Canada artificial intelligence in diagnostics market, 2018-2030 (US$M)
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Canada artificial intelligence in diagnostics market highlights
- The Canada artificial intelligence in diagnostics market generated a revenue of USD 57.9 million in 2023 and is expected to reach USD 268.7 million by 2030.
- The Canada 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 in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Artificial intelligence in diagnostics market data book summary
| Market revenue in 2023 | USD 57.9 million |
| Market revenue in 2030 | USD 268.7 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 | Siemens Healthineers AG ADR, Nano X Imaging Ltd Ordinary Shares, GE HealthCare Technologies Inc Common Stock, AliveCor, Riverain Technologies, Aidoc, NeuraSignal, Imagen Technologies, Digital Diagnostics, Vuno |
Other key industry trends
- In terms of revenue, Canada accounted for 5.0% of the global artificial intelligence in 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 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 268.7 million by 2030.
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Artificial Intelligence In Diagnostics Market Scope
Artificial Intelligence In Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada artificial intelligence in 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 diagnostics market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 40.24% in 2023. Horizon Databook has segmented the Canada artificial intelligence in diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand for AI in transforming the world of medicine and to provide assistance to healthcare professionals in reshaping diagnosis & treatment of cancer are expected to drive the demand for AI in diagnostics. Increasing prevalence of chronic diseases and rising demand for immediate care are further boosting adoption.
In 2018, Health Canada initiated the Regulatory Review for Drugs and Devices for improving access to healthcare information, facilitating timely diagnosis & treatment. It could also ensure optimum patient care by improving patient’s access to care at home, healthcare facilities, and in rural or remote communities.
In April 2019, CIFAR announced its new research and expansion of AI Chairs program to address critical questions across four areas: Individual & Society, Life & Health, Earth & Space, and Information & Matter. Moreover, increase in demand for AI in medical imaging is boosting the market.
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Our clientele includes a mix of artificial intelligence in 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 Canada artificial intelligence in diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Canada artificial intelligence in diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada artificial intelligence in diagnostics market size, by component, 2018-2030 (US$M)
Canada Artificial Intelligence In Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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