Artificial Intelligence in Medical Diagnostics Market Worth $9.38 Billion by 2029 - Exclusive Report by Meticulous Research®

Redding, California, July 07, 2022 (GLOBE NEWSWIRE) -- According to a new market research report, ‘Artificial Intelligence in Medical Diagnostics Market By Component (Software, Services), Specialty (Radiology, Cardiology, Neurology, Obstetrics/Gynecology, Ophthalmology), Modality (MRI, CT, X-ray, Ultrasound), End User (Hospital, Diagnostic Center) - Global Forecast to 2029,' published by Meticulous Research® , the AI in medical diagnostics market is expected to grow at a CAGR of 36.2% during the forecast period to reach $9.38 billion by 2029. Download Free Sample Report Now @ AI in medical diagnostics consists of AI software and services that aid healthcare professionals in identifying the diagnosis of different diseases. AI-based software solutions can analyze the data from a diagnostic procedure and either help triage patients by flagging abnormal medical images or suggest the healthcare professional a suitable diagnosis. AI in medical diagnostics integrates deep learning, data insights, and algorithms to detect life-threatening and critical diseases. It automates the diagnosis process and reduces the workload on healthcare professionals. The main factors driving the AI in medical diagnostics market are the growing need for the adoption of AI in medical diagnosis due to the high rate of errors in medical diagnosis, shortage of healthcare professionals, and increasing prevalence of chronic diseases. Furthermore, the high growth potential in emerging economies and the growing number of cross-industry partnerships & collaborations are expected to provide significant growth opportunities for this market. However, the reluctance to adopt AI technologies due to a lack of trust is expected to restrain the growth of this market to a notable extent. In addition, factors such as regulatory barriers and privacy and security concerns regarding patient data are the major challenges to the growth of this market. The Impact of COVID-19 on the Artificial Intelligence in Medical Diagnostics Market The outbreak of the COVID-19 pandemic in 2020 was a global public health challenge. The number of cases was skyrocketing, and many countries had a huge burden on the health system. The COVID-19 disease mainly affects the lungs of the patients. Hence, cardiothoracic imaging in COVID-19 cases is a common diagnostic practice to identify the severity of the disease.  The number of research studies using AI techniques to diagnose COVID-19 rapidly increased in 2020. Many studies were focused on describing the diagnosis of COVID-19 from chest CT images using AI technology. Several studies proved that AI models might be as accurate as experienced radiologists in diagnosing COVID-19. Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: CT scans were identified as the key modality for diagnosing COVID-19 at the onset of the disease. Healthcare professionals identified the severity of the disease from features like shadows over the patients' lungs. A single patient had approximately 300 CT images, which took a doctor a lot of time to analyze with the naked eye. Also, radiologists needed to compare with earlier scans, increasing pressure on the healthcare staff. In such situations, AI-based systems can analyze CT images within 20 seconds, with an accuracy rate above ... Full story available on