Global AI in Medical Diagnostics Market to Grow at 22% CAGR Driven by Big Data & Chronic Diseases by 2030

The global artificial intelligence in medical diagnostics market is set to witness a growth rate of ~22% in the next 5 years. Increasing volume of diagnostic bigdata, growing incidence of chronic and lifestyle diseases, advancements in AI algorithms and deep learning, shortage of trained medical professional, supportive government initiatives and funding, and increasing demand in radiology are some of the key factors driving the AI in medical diagnostics market. 

Artificial Intelligence in medical diagnostics broadly refers to advanced algorithms and machine learning techniques used to analyze complex medical data for disease detection, diagnosis, and clinical decision-making. Given imaging, genomic, pathological, or EHR data, AI systems can swiftly and accurately sift through all such information. The systems thereby aid physicians in pattern detection, outcome prediction, and reduction of diagnostic errors. Radiology, pathology, dermatology, and ophthalmology are some of the fields where AI is increasingly deployed for earlier disease detection, enhanced workflows efficiencies, and to provide better patient outcomes through diagnostic insights that are both more accurate and personalized.

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Increasing volume of diagnostic bigdata to drive market growth

The increasing volume of diagnostic big data is a key factor impacting the growth of the medical diagnostics AI market. Healthcare facilities generate large amounts of data daily from imaging (like MRI and CT), pathology slides, genomics, and EHRs among others. Manual analysis of these datasets is laborious and can introduce errors. AI algorithms can process big data relatively quickly, and process enormous amounts of complex data and ultimately produce information that can lead to valid, timely and accurate diagnoses. This leads to earlier disease detection, improved clinical decision-making, and increased efficiency. As diagnostic data volumes increase, it is likely that the demand for AI tools that can manage, interpret, and extract value from these data rise.

Collaborations between tech companies and healthcare providers – A key market trend

Collaborations between tech companies and healthcare providers is a key trend contributing to growth in the AI in medical diagnostics market. These partnerships bring together the technical skills and development experience of the technology firm and the clinical expertise of the healthcare provider, allowing to develop, validate, and implement AI-enabled diagnostic tools faster. For instance, in January 2025, GE healthcare entered into a medical imaging AI deal worth more than USD 249 million with Nuffield Health, a healthcare charity operating 31 hospitals in the UK. Similarly in June 2024, Qure.ai entered into a partnership with Strategic Radiology, a coalition of independently owned and operated local private radiology practices, with a view to advance clinical accuracy and operational efficiency through access to advanced medical imaging AI technology. Such collaborations present value in a few different ways, including accelerating innovation, enhancing algorithm accuracy through access to real-world data, and improving clinical integration.

 Competitive Landscape Analysis

The global artificial intelligence (AI) in medical diagnostics market is marked by the presence of established and emerging market players such as Microsoft; Nvidia Corporation; Merative; Google (Alphabet Inc.); Siemens Healthineers AG; GE Healthcare; Intel Corporation; InformAI; Digital Diagnostics Inc.; and Enlitic Inc.; among others. Some of the key strategies adopted by market players include new product development, strategic partnerships and collaborations, and geographic expansion.

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Global Artificial Intelligence (AI) in Medical Diagnostics Market Segmentation

This report by Medi-Tech Insights provides the size of the global artificial intelligence (AI) in medical diagnostics market at the regional- and country-level from 2023 to 2030. The report further segments the market based on component, modality, application, and end user.

Market Size & Forecast (2023-2030), By Component, USD Million

• Software
• Services
• Hardware

Market Size & Forecast (2023-2030), By Modality, USD Million

• Imaging Modalities
• Computed Tomography (CT)
• Magnetic Resonance Imaging (MRI)
• X-Ray
• Ultrasound
• Others Imaging Modalities
• Diagnostic Modalities

Market Size & Forecast (2023-2030), By Application, USD Million

• Radiology/General Imaging
• Oncology
• Cardiology
• Neurology
• Obstetrics and Gynaecology
• Ophthalmology
• Immunology
• Infectious Diseases
• Others

Market Size & Forecast (2023-2030), By End User, USD Million

• Hospitals
• Diagnostic Imaging Centers
• Others

Market Size & Forecast (2023-2030), By Region, USD Million

• North America
• US
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Latin America
• Middle East & Africa

About Medi-Tech Insights

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy. Our methodology includes rigorous secondary research combined with deep-dive interviews with industry-leading CXO, VPs, and key demand/supply side decision-makers.

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