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Artificial Intelligence In Cardiology Global Market Report 2024 - By Report, Share, Size, Drivers, Forecast To 2033
Artificial Intelligence In Cardiology Market
The artificial intelligence in cardiology market size is expected to see exponential growth in the next few years. It will grow to $7.53 billion in 2028 at a compound annual growth rate (CAGR) of 39.2%. The growth in the forecast period can be attributed to integration with electronic health records, population aging, wearable devices, remote monitoring, global telecardiology adoption, integrated cardiovascular imaging. Major trends in the forecast period include technological innovations in cardiovascular diagnostics, advancements in ai algorithms, new drug development, advancements in medical imaging.
Market Overview -
Artificial intelligence in cardiology refers to techniques used to forecast cardiovascular outcomes, detect malignant arrhythmias, and diagnose coronary artery disease non-invasively. Artificial intelligence in cardiology is used for detecting heart disease, treating strokes quickly, and enhancing diagnostic radiology capabilities.
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Artificial Intelligence In Cardiology Addresses The Global Burden Of Cardiovascular Diseases
The high burden of cardiovascular diseases is expected to propel the growth of artificial intelligence in the cardiology market going forward. Cardiovascular diseases are all diseases that can affect the heart and blood vessels. In cardiology, AI is used to detect cardiovascular diseases by helping with electrocardiogram (ECG) interpretation and helping spot diseases like long QT syndrome and atrial fibrillation. Also, AI can evaluate vast amounts of data from electronic health records, mobile health devices, and imaging data. For instance, in January 2022, according to an article published by the American Heart Association, a US-based nonprofit organization focused on cardiovascular medical research, approximately 19.1 million deaths were attributed to cardiovascular disease globally in 2022. Furthermore, in May 2023, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the number of people who died from heart disease in the US increased from 659,041 in 2019 to 695,000 in 2021. Therefore, the high burden of cardiovascular diseases worldwide will drive artificial intelligence in cardiology market.
Competitive Landscape -
Major companies operating in the artificial intelligence in cardiology market report are Microsoft Corporation, International Business Machines Corporation, Siemens Healthineers, Koninklijke Philips, Tempus Labs Inc., Ultromics Ltd, Bay Labs, Cleerly Inc., RSIP Vision Ltd., Idoven, Cardiologs Technologies Inc., Viz.ai, Ultromics Limited, Aidoc, Arterys Inc., Zebra Medical Vision, Vista.ai, AliveCor, DiA Imaging Analysis, Eko Health Inc., Cardiomatics, CardiAi Inc., UltraSight, Anumana Inc., Cardiai Inc.
Revolutionary Ai-Powered Digital Stethoscope Platform
New AI-powered cardiology products are a key trend in the artificial intelligence in cardiology market. Major companies in the artificial intelligence in the cardiology market are focused on developing innovative AI-powered products for cardiology to strengthen their position in the market. For instance, in February 2023, Eko Health, a US-based digital health company, launched a digital stethoscope platform called SENSORA for detecting heart and lung diseases. SENSORA uses the latest advancements in applied machine learning and artificial intelligence to identify structural murmurs, a sign of valvular heart disease. The SENSORATM is combined with a stethoscope, one of the world's most widely used medical instruments, with the most recent developments in applied machine learning to create cardiovascular disease detection.
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Key Segments -
The artificial intelligence in cardiology market covered in this report is segmented -
1) By Component: Hardware, Software Solutions, Services
2) By Application: Cardiac Arrhythmia, Stroke, Ischemic Heart Disease Or Coronary Artery Disease (CAD), Other Applications
3) By End-Use: Lifescience Companies, Healthcare Payers, Healthcare Providers
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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