The Artificial Intelligence (AI) in Cancer Diagnostic Market is set to grow at around 40.1% CAGR during 2021-26, predicts MarkNtel Advisors in their recent research study. It comprises a comprehensive analysis of the industry’s latest trends, developments, drivers, restraints, challenges, & opportunities, as well as its projected growth trajectory across different segments & geographies in the forecast years.
Further, the report also highlights the prominent aspects depicted in the form of diagrams, pie charts, tables, graphs, & other pictorial representations that would contribute to the market expansion in the future. Through this information, stakeholders will be able to comprehend the changing dynamics of the Artificial Intelligence (AI) in Cancer Diagnostic Market and better plan & layout strategies in order to widen their visibility, product portfolio, & customer base and yield massive profits. In the report, the historical period considered is 2016-19, the base year 2020, and the forecast period, as cited above, is 2021-26.
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Key Highlights from the Artificial Intelligence (AI) in Cancer Diagnostic Market Analysis –
➤This study is a compilation of key factors impacting the industry dynamics, including growth drivers, restraints, opportunities, challenges, and emerging & high-potential segments & geographies, among others.
➤Detail-driven, accurate, and reliable information associated with the latest trends in the industry to help stakeholders or investors make informed decisions before they make investments.
➤A comprehensive review of the leading companies in Artificial Intelligence (AI) in Cancer Diagnostic Market, comprising their profiles, recent developments, prominent business strategies, initiatives, and mergers & acquisitions, among other aspects.
➤Fund estimation put in by private firms & governments for the industry’s expansion, along with insights into each segment & geographic location, are also covered in this report.
AI in Cancer Diagnostics Market Key Growth Driver –
The primary factor driving the market is the mounting number of cancer patients. The correct classification pattern of cancer is a real-world medical problem. Cancer has become one of the prime causes of mortality across the world. Hence, research into cancer diagnosis has become a critical issue for the scientific community.
The key problem in cancer treatment is its early detection. Often, cancer is detected in the later stages of the disease, when it has affected the function of vital organ systems and has spread in the entire body. Hence, early detection of cancer is very crucial. Using AI algorithms helps enhance diagnostic accuracy and provides quantitative metrics for better analysis.
Major Growth Challenges in AI in Cancer Diagnostics Market –
AI in cancer diagnostics requires dealing with enormous datasets as well as knowledge of deep learning applications and potential downsides. As a result, the most significant impediment to market expansion in the next years will be a lack of expertise and training of AI systems. Furthermore, the application of AI may violate privacy due to potential access to important personal information such as genomic sequences, which may further limit industry expansion.
Artificial Intelligence (AI) in Cancer Diagnostic Market Segmentation:
The segmentation analysis section of the report focuses on the Artificial Intelligence (AI) in Cancer Diagnostic Market performance across different segments & geographies, which can aid stakeholders in strategizing their investments in order to widen their visibility, product portfolio, & customer base and, in turn, generate significant revenue in the forecast years.
Market Divided into, By Application
-Screening & Diagnosis
-Tumour Identification
-Treatment
-Surveillance
Market Divided into, By Cancer Type
-Breast Cancer
-Prostate Cancer
-Lung Cancer
-Colorectal Cancer
-Cervical Cancer
-Other (Pancreatic, Skin, Blood, etc.)
Market Divided into, By End User
-Hospitals
-Medical Research Institutes
-Diagnostics Centres
-Contract Research Organizations
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Geographically, the Artificial Intelligence (AI) in Cancer Diagnostic Market expands across regions: –
-North America
-Latin America
-Europe
-Middle East & Africa
-Asia-Pacific
Competitive Landscape:
Under this section, detailed information on company profiles, investments & revenue generated, strategic initiatives, geographical presence, and production or service capacities, among other aspects, have been examined. All insights into companies have been curated only after thoroughly studying their hold in the industry to help investors make informed decisions before investing.
-Pfizer
-Therapixel
-Sophia Genetics
-Freenome
-Tempus
-Janssen Pharmaceutica
-Path AI
-Google Deep Mind
-IBM
-Microsoft
-Cerner Corporation
-RaySearch Laboratories
-Flatiron
-Oncology Analytics, Inc
-Oncora Medical
-Others
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