Artificial Intelligence (AI) in Cancer

Report Code: BIO196B

Publish Date: Nov 2024

Publisher: BCC Publishing

Category: Cell Biology

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Report Highlights

The global market for artificial intelligence (AI) in cancer is estimated to increase from $2.2 billion in 2024 to reach $6.3 billion by 2029, at a compound annual growth rate (CAGR) of 23.1% from 2024 through 2029.

Report Includes

  • 42 data tables and 44 additional tables
  • An up-to-date overview of the global markets for artificial intelligence (AI) in cancer
  • Analysis of the global market trends, with data from 2021-2023, estimates for 2024, and projections of compound annual growth rates (CAGRs) through 2029
  • Evaluation of the size of the market for artificial intelligence (AI) in cancer and revenue growth prospects, accompanied by a market share analysis by type, application, end user and region
  • Assessment of market dynamics such as drivers, restraints and opportunities
  • Coverage of current and emerging applications of AI in cancer and information on theranostics and generative AI tools
  • A discussion on ESG challenges and practices in the industry
  • Assessment of the vendor landscape, including the market shares of key companies, their product portfolios and financial overviews
  • Information on recent mergers, acquisitions, expansions, collaborations, investments, divestments, product launches, and other strategic developments
  • Company profiles of major players within the industry, including Siemens Healthineers, GE Healthcare, NVIDIA Corp., and Lunit Inc.

Report Scope

The report highlights AI technology's current and future market potential for cancer applications. It provides a detailed analysis of the market drivers, restraints and opportunities. The report also covers market projections through 2029 and presents a competitive environment and product analysis. The report provides market estimates and forecasts based on application, cancer type and region. By application type, the market is segmented into cancer screening, diagnosis, therapy, drug discovery and development and others. By cancer type, the market is segmented into breast, lung, prostate, gastrointestinal, brain and others. By end user, the market is segmented into hospitals, diagnostic centers, pharmaceutical companies and research institutions. The report includes profiles of the key companies with detailed information about their business segments, financials, product portfolios and recent developments.

By geographical region, the market is segregated into North America, Europe, Asia Pacific and the Rest of the world. The North American region includes countries the U.S., Canada and Mexico. Europe includes Germany, the U.K., Italy, France, Spain and the Rest of Europe; Asia-Pacific includes China, Japan, India, South Korea, Australia and the Rest of Asia-Pacific. For market estimates, data is provided for 2021 and 2022 as the historic years, 2023 as the base year and 2029 as the forecast year.

Report Synopsis

Report Metrics Details
Base year considered 2023
Forecast period considered 2024-2029
Base year market size $1.8 billion
Market size forecast $6.3 billion
Growth rate CAGR of 23.1% for the forecast period of 2024-2029
Units considered $ Millions
Segments covered Cancer Type, Application, End User, Region
Regions covered North America, Europe, Asia-Pacific, Rest of the World
Countries covered U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Japan, India, South Korea, China, Australia, South America, Middle East, Africa
Key Market Drivers
  • AI in Drug Discovery and Development
  • Increasing Incidence of Cancer
Companies studied
GE HEALTHCARECONCERTAI
AZRA AI ICAD INC.
LUNIT INC.MEDIAN TECHNOLOGIES
NVIDIA CORP.QUEST DIAGNOSTICS INC.
SIEMENS HEALTHINEERS AG
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Frequently Asked Questions (FAQs)

The AI in cancer market is projected to grow from $1.8 billion in 2023 to $6.3 billion in 2029 at a compound annual growth rate (CAGR) of 23.1% during the forecast period.
The increasing incidence of cancer and growing adoption of AI in cancer drug research are driving the market growth.
The market is segmented by cancer type, application, end user, and region.
The breast cancer segment will dominate the market by the end of 2029.
North America has the highest market share.
GE Healthcare, Siemens Healthineers, Lunit, Inc. NVIDIA Corporation, and Median Technologies.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Artificial Intelligence (AI) in Cancer111Free
Chapter- 1: Executive Summary4Free
Chapter- 2: Market Overview4Free
Chapter- 3: Market Dynamics4Free
Chapter- 4: Emerging Technologies 3Free
Chapter- 5: Market Segmentation Analysis54Free
Chapter- 6: Competitive Intelligence6Free
Chapter- 7: Sustainability in the AI in the Cancer Market6Free
Chapter- 8: Appendix30Free
Published - Aug-2020| Analyst - Margareth Gagliardi| Code - BIO196A

Report Highlights

The goal of this short study is to provide a detailed review of how AI is being applied in fighting cancer. The report will evaluate the utilization of various AI tools (e.g., machine learning, natural language processing, image processing, speech recognition) in diagnosis, therapy, research and development, and health management (e.g., patient data, insurance information, and hospital stay) as it relates to cancer. Also, emphasis will be given to the types of algorithms (e.g., artificial neural networks, deep learning) that have been developed so far in the field of cancer.

Report Includes

  • Introduction to cancer, most common types, and main medical issues
  • A look at the major applications of AI tools in the diagnosis, therapy, R&D and health management of cancer
  • Information on types of complex algorithms developed for cancer
  • Discussion of major issues related to the utilization of AI for diagnosis and treatment of cancer
  • Analysis of the current and emerging trends in AI as it relates to cancer
  • Recent achievements and market outlook for AI in cancer

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Artificial Intelligence (AI) in Cancer
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