Europe Artificial Intelligence In Diagnostics Market Size & Outlook
Europe artificial intelligence in diagnostics market, 2018-2030 (US$M)
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Europe artificial intelligence in diagnostics market highlights
- The Europe artificial intelligence in diagnostics market generated a revenue of USD 226.8 million in 2023.
- The market is expected to grow at a CAGR of 26% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 226.8 million |
| Market revenue in 2030 | USD 1,141.0 million |
| Growth rate | 26% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 19.5% of the global artificial intelligence in diagnostics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,351.1 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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Europe 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 Europe artificial intelligence in diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare industry in Europe is under pressure, owing to various key factors such as rising costs, increasing prevalence of chronic conditions, rapidly aging population, and growing demand for treatments, and stagnating or shrinking healthcare workforce that is threatening its sustainability.
The industry also faces issues due to structural inefficiencies in certain European countries. The move to value-based healthcare is expected to strengthen the demand for better patient outcomes at a more sustainable cost.
Incorporating AI into innovative medical technologies can address pressing healthcare issues. Many AI applications in healthcare are already in operation or awaiting deployment, which can contribute to earlier disease detection, more accurate diagnosis, identification of new observations or patterns on human physiology, and development of personalized diagnostics and therapeutics.
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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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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 continent-level data and insights on the Europe artificial intelligence in diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe artificial intelligence in diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe artificial intelligence in diagnostics market size, by country, 2018-2030 (US$M)
Europe Artificial Intelligence In Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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