UK Artificial Intelligence In Diagnostics Market Size & Outlook
UK artificial intelligence in diagnostics market, 2018-2030 (US$M)
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UK artificial intelligence in diagnostics market highlights
- The UK artificial intelligence in diagnostics market generated a revenue of USD 71.3 million in 2023 and is expected to reach USD 373.9 million by 2030.
- The UK market is expected to grow at a CAGR of 26.7% 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 71.3 million |
| Market revenue in 2030 | USD 373.9 million |
| Growth rate | 26.7% (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, UK accounted for 6.1% 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 Europe, UK artificial intelligence in 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 197.7 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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UK 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 48.25% in 2023. Horizon Databook has segmented the UK artificial intelligence in diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
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 six weeks, and further raising concerns about diagnostics accuracy. Factors such as increasing adoption of AI technology by NHS and healthcare practitioners to improve diagnosis have contributed to high market growth.
For instance, in June 2020, Ibex Medical Analytics and LD Path announced the UK rollout of clinical-grade AI applications for cancer detection in pathology supporting pathologists to enhance diagnostic accuracy and efficiency. Large investments by the UK government in AI have contributed to growth in adoption of AI in healthcare.
In November 2018, the UK government announced an investment of GBP 50.0 million (USD 20.7 million) in AI health projects to develop five new centers of excellence across the country, which would focus on pathology, diagnoses, and imaging.
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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 UK artificial intelligence in diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into UK artificial intelligence in diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK artificial intelligence in diagnostics market size, by component, 2018-2030 (US$M)
UK Artificial Intelligence In Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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