China Artificial Intelligence In Diagnostics Market Size & Outlook
China artificial intelligence in diagnostics market, 2018-2030 (US$M)
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China artificial intelligence in diagnostics market highlights
- The China artificial intelligence in diagnostics market generated a revenue of USD 87.2 million in 2023 and is expected to reach USD 494.2 million by 2030.
- The China market is expected to grow at a CAGR of 28.1% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services 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 87.2 million |
| Market revenue in 2030 | USD 494.2 million |
| Growth rate | 28.1% (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 | 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, China accounted for 7.5% 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 Asia Pacific, China artificial intelligence in diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 494.2 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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China 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 48.28% in 2023. Horizon Databook has segmented the China artificial intelligence in diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
China is increasing its application of AI in healthcare, which is rapidly improving disease diagnosis and treatment accuracy in country-level hospitals. Various startups are investing in healthcare AI, opening up various advantages for patients and doctors as well.
For instance, Beijing-based startup Pere Doc developed an AI software that can parse CT images and discover potential nodules, especially in lung scans. According to a media channel, in October 2018, virtually 200 hospitals in China used Pere Doc technology, which has an accuracy of 94.9% to 99.7%, depending on the size of the nodule.
The COVID-19 pandemic is rapidly driving adoption of AI-based systems that can process hundreds of CT images in seconds to help speed up diagnosis of COVID-19 and assist in its containment. For instance, Alibaba’s tech unit, DAMO Academy, launched an AI system to analyze CT images within 20 seconds at an accuracy rate of 96%.
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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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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 China artificial intelligence in diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into China artificial intelligence in diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China artificial intelligence in diagnostics market size, by component, 2018-2030 (US$M)
China Artificial Intelligence In Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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