AI In Oncology Market by Component (Hardware, Software Solutions, Services), Cancer Type (Prostate Cancer, Breast Cancer, Brain Tumor, Lung Cancer, Colorectal Cancer, Others), Treatment Type (Radiotherapy, Chemotherapy), and by Region - Global Forecast to 2022-2033

The AI in oncology market size is estimated to be USD 591.5 million in 2022 and is expected to witness a CAGR of 37.89% during the forecast period 2023-2033. Rising healthcare infrastructure advancements, surge in cancer patients around the world, scarcity of healthcare workforce and growing cancer prevalence are factors contributing to the market growth. Furthermore, rising investments by major countries is expected to support the market growth. However, privacy and data securirty issues is expected to hinder the growth.

Scarcity of healthcare workforce is predicted to spur the market growth.  There is a significant scarcity of healthcare workers in hospital settings, including nurses and doctors, which is expected to increase the need for the technology. By 2030, healthcare facilities are predicted to lack 15 million healthcare professionals, according to predictions by WHO. AI is expected to be essential in the diagnosis and treatment of patients due to the shortage of these personnel. AI is expected to be important in the diagnosis and treatment of patients due to the scarcity of these professionals.

Rising investments by major countries is projected to propel the market growth. It is anticipated that the growing number of countries investing extensively in AI-related research, including the United States, China, Israel, the United Kingdom, Finland, and Germany, will have a considerable impact on the adoption of this technology. The expansion of venture capitalist funding in these countries is predicted to further accelerate market expansion. For instance, in 2020, investment for the top 50 companies working on AI-related healthcare research had already surpassed USD 8.5 billion.

Segmentation

 

 By Component

The market is categorized into hardware, software solutions, and services. In 2022, the software solutions segment accounted for the highest revenue share due to the large number of major players, including AZRA AI, are providing their software to manage and interpret unstructured data and identify the oncology patients who need to be treated and given follow-up care. The software contributes to higher productivity, better workflow, and improved efficiency. The presence of numerous applications, including radiation oncology, diagnostic imaging, and interventional radiology, is expected to fuel expansion in this market. The segment is also predicted to have a lucrative increase over the course of the projection year owing to growing entrepreneurial companies that offer advanced solutions for treating and precisely predicting cancer. For instance, Concr, a company based in the United Kingdom, provides a software platform that uses a machine learning technique to predict tumour growth.

 By Cancer Type

The market is categorized into prostate cancer, breast cancer, brain tumor, lung cancer, colorectal cancer, and others. In the global market, the others segment accounted for the largest revenue share in 2022. Bladder cancer, cervical cancer, liver cancer, skin cancer, and uterine cancer are all included in the others segment. The risk of developing cancers is increased by factors including drinking excessive alcohol, eating improperly, smoking, and engaging in lesser physical activities. It is projected that this will increase demand for oncology treatments. Additionally, it is projected that the availability of various AI-based models to identify and treat these tumors, including clinical models, imaging models, and integrated data models, will propel market expansion. For instance, in 2021, researchers at the Cleveland Clinic developed a deep learning model that assisted in predicting survival and health outcomes for hepatocellular carcinoma, a form of liver cancer that produced important outcomes.

 By Treatment Type

The market is segmented into radiotherapy, chemotherapy, immunotherapy, and others. In 2022, the chemotherapy segment accounted for the largest revenue share owing to the fact that chemotherapy is a common procedure for cancer treatment, with the American Cancer Society estimating that 60% of patients with Stage 4 bladder cancer receive chemotherapy as part of overall care. For instance, the National University of Singapore and the National University Cancer Institute, Singapore (NCIS) reported positive outcomes when using the CURATE.AI AI platform, which enables clinicians to determine individualised and optimal doses for chemotherapy patients. The market for immunotherapy is expected to grow at the fastest rate, during the projected period. The expansion of the market can be attributed to the rising number of FDA approvals and extensive clinical research demonstrating the efficacy of immunotherapy. Additionally, the use of AI contributes to improving the therapy’s precision. For instance, a Sciencedirect article claims that AI aids in the identification of major histocompatibility complex patterns related to immunotherapy response by 91.66%.

Regional Markets

In 2022, North America region accounted for the highest revenue in the AI in oncology market and is expected to maintain its dominance during the forecast period. This is attributed to the availability of digital infrastructure, and favourable government and reimbursement regulations. For instance, the American Society of Clinical Oncology predicts that medical oncology costs would decrease by about 5% in 2022. Additionally, it is anticipated that the region’s governments would expand the IT required infrastructure to provide patients with AI solutions by increasing their spending on digital healthcare. Oncology services are expected to become increasingly popular in the region as a result of increasing government reimbursement rates. For instance, Farrer Park Hospital, a private tertiary care facility situated in Singapore, started providing AI-assisted colorectal screening services in June 2022. These services assist in improving the monitoring, diagnosis, screening, and categorization of colorectal polyps and cancer. Asia Pacific region is anticipated to expand during the forecast period. The region’s market is expected to increase as a result of factors including the growing elderly population in countries such as Japan and India and increasing usage of digitalization in hospitals and diagnostic facilities.

Competitor Insights

Some of the key players operating in the AI in oncology solutions market are Median Technologies, Azra AI, Intel, GE Healthcare, NVIDIA, Digital Diagnostics Inc., IBM, Concert.AI, Siemens Healthineers, and Path AI.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

  • For instance, a merger between Imagia Cybernetics, an AI-healthcare provider of oncology solutions, and Canexia Health, an innovation in oncology who streamlines cancer genetic data, was announced.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including component, cancer type, and treatment type from 2023 to 2033.

Report Scope:

Key Parameters Details
Market size in 2022
  • USD 591.5 Million
CAGR
  • 37.89%
Base Year
  • 2022
Forecast Period
  • 2023-2033
Study Coverage
  • Global and regional market size and revenue forecast
  • Segment market size and revenue forecast at global, regional, and country level
  • Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis)
  • Conclusion and recommendations
Qualitative Analysis
  • Market drivers
  • Market restraints
  • Market opportunities
  • Recent market trends
  • Market challenges
  • Porter’s Five Forces analysis
  • PEST analysis
  • COVID-19 impact analysis
Segment Market Scope
  • Component
  • Cancer Type
  • Treatment Type
Regional Market Scope
  • North America
    (U.S. and Canada)
  • Europe
    (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific
    (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America
    (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA
    (South Africa, GCC, Rest of MEA)
Company Profiles
  • Exhaustive profiles of top 10 players
  • Other major players listing
15% Free Customization Available
  • You can customize the study scope to meet your exact requirement. Click here for more details

Segmentation: AI In Oncology Market Report 2022 – 2033

Component (Revenue, USD Million), 2022 – 2033

  • Hardware
  • Software Solutions
  • Services

Cancer Type (Revenue, USD Million), 2022 – 2033

  • Prostate Cancer
  • Breast Cancer
  • Brain Tumor
  • Lung Cancer
  • Colorectal Cancer
  • Others

Treatment Type (Revenue, USD Million), 2022 – 2033

  • Radiotherapy
  • Chemotherapy
  • Immunotherapy
  • Others

By Region (Revenue, USD Million), 2022 – 2033

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Table of Contents: AI In Oncology Market 2022-2033

  1. Research Methodology
    1. Study Objectives
    2. Study Scope
    3. Research Framework
      1. Research Cancer Models
        1. Bottom-up Approach
        2. Top-down Approach
        3. Data Triangulation
      2. Data Analysis
        1. Data Validation
        2. Market Size Estimation
        3. Market Forecast Cancer Model
  1. Introduction: AI In Oncology
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
      1. Driver 1
      2. Driver 2
      3. Driver 3
      4. Driver 4
    2. Market Restraint
      1. Restraint 1
      2. Restraint 2
      3. Restraint 3
    3. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
      3. Opportunity 3
    4. Market Trends
      1. Trend 1
      2. Trend 2
      3. Trend 3
    5. Market Challenges
      1. Challenge 1
      2. Challenge 2
      3. Challenge 3
  1. Market Environment Analysis
    1. Porter’s 5 Forces Analysis
    2. PESTEL Analysis
    3. SWOT Analysis
  2. COVID-19 Impact Analysis: AI In Oncology Market
  3. Market Analysis by Component
    1. Hardware
      1. Hardware Market Forecast, 2022-2033(USD Million)
    2. Software Solutions
      1. Software Solutions Market Forecast, 2022-2033(USD Million)
    3. Services
      1. Services Market Forecast, 2022-2033(USD Million)
  1. Market Analysis by Cancer Type
    1. Prostate Cancer
      1. Prostate Cancer Market Forecast, 2022-2033(USD Million)
    2. Breast Cancer
      1. Breast Cancer Market Forecast, 2022-2033(USD Million)
    3. Brain Tumor
      1. Brain Tumor Market Forecast, 2022-2033(USD Million)
    4. Lung Cancer
      1. Lung Cancer Market Forecast, 2022-2033(USD Million)
    5. Colorectal Cancer
      1. Colorectal Cancer Market Forecast, 2022-2033(USD Million)
    6. Others
      1. Others Market Forecast, 2022-2033(USD Million)
  1. Market Analysis by Treatment Type
    1. Radiotherapy
      1. Radiotherapy Market Forecast, 2022-2033(USD Million)
    2. Chemotherapy
      1. Chemotherapy Market Forecast, 2022-2033(USD Million)
    3. Immunotherapy
      1. Immunotherapy Market Forecast, 2022-2033(USD Million)
    4. Others
      1. Others Market Forecast, 2022-2033(USD Million)
  1. Regional Market Analysis
    1. Regional Market Trends Analysis
  2. North America AI In Oncology Market
    1. North America AI In Oncology Market
      1. North America Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Component, 2022-2033(USD Million)
        2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
        3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
      2. S. AI In Oncology Market
        1. S. Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Component, 2022-2033(USD Million)
          2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
          3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
        2. Canada AI In Oncology Market
          1. Canada Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Component, 2022-2033(USD Million)
            2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
            3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
  1. Europe AI In Oncology Market
    1. Europe AI In Oncology Market
      1. Europe Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Component, 2022-2033(USD Million)
        2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
        3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
      2. Germany AI In Oncology Market
        1. Germany Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Component, 2022-2033(USD Million)
          2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
          3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
        2. UK AI In Oncology Market
          1. UK Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Component, 2022-2033(USD Million)
            2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
            3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
          2. France AI In Oncology Market
            1. France Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Component, 2022-2033(USD Million)
              2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
              3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
            2. Spain AI In Oncology Market
              1. Spain Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Component, 2022-2033(USD Million)
                2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
                3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
              2. Italy AI In Oncology Market
                1. Italy Market Size and Forecast, 2022-2033(USD Million)
                  1. Market Size and Forecast by Component, 2022-2033(USD Million)
                  2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
                  3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
                2. Rest of Europe AI In Oncology Market
                  1. Rest of Europe Market Size and Forecast, 2022-2033(USD Million)
                    1. Market Size and Forecast by Component, 2022-2033(USD Million)
                    2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
                    3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
  1. Asia Pacific AI In Oncology Market
    1. Asia Pacific AI In Oncology Market
      1. Asia Pacific Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Component, 2022-2033(USD Million)
        2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
        3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
      2. Japan AI In Oncology Market
        1. Japan Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Component, 2022-2033(USD Million)
          2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
          3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
        2. China AI In Oncology Market
          1. China Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Component, 2022-2033(USD Million)
            2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
            3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
          2. India AI In Oncology Market
            1. India Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Component, 2022-2033(USD Million)
              2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
              3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
            2. South Korea AI In Oncology Market
              1. South Korea Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Component, 2022-2033(USD Million)
                2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
                3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
              2. Australia AI In Oncology Market
                1. Australia Market Size and Forecast, 2022-2033(USD Million)
                  1. Market Size and Forecast by Component, 2022-2033(USD Million)
                  2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
                  3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
                2. Rest of Asia Pacific AI In Oncology Market
                  1. Rest of Asia Pacific Market Size and Forecast, 2022-2033(USD Million)
                    1. Market Size and Forecast by Component, 2022-2033(USD Million)
                    2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
                    3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
  1. Latin America AI In Oncology Market
    1. Latin America AI In Oncology Market
      1. Latin America Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Component, 2022-2033(USD Million)
        2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
        3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
      2. Brazil AI In Oncology Market
        1. Brazil Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Component, 2022-2033(USD Million)
          2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
          3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
        2. Mexico AI In Oncology Market
          1. Mexico Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Component, 2022-2033(USD Million)
            2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
            3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
          2. Argentina AI In Oncology Market
            1. Argentina Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Component, 2022-2033(USD Million)
              2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
              3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
            2. Rest of Latin America AI In Oncology Market
              1. Rest of Latin America Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Component, 2022-2033(USD Million)
                2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
                3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
  1. MEA AI In Oncology Market
    1. MEA AI In Oncology Market
      1. MEA Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Component, 2022-2033(USD Million)
        2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
        3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
      2. GCC AI In Oncology Market
        1. GCC Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Component, 2022-2033(USD Million)
          2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
          3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
        2. South Africa AI In Oncology Market
          1. South Africa Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Component, 2022-2033(USD Million)
            2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
            3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
          2. Rest of MEA AI In Oncology Market
            1. Rest of MEA Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Component, 2022-2033(USD Million)
              2. Market Size and Forecast by Cancer Type, 2022-2033(USD Million)
              3. Market Size and Forecast by Treatment Type, 2022-2033(USD Million)
  1. Competitor Analysis
    1. Market Share Analysis, 2022
    2. Major Recent Developments, 2019-2022
  2. Company Profiles
    1. Median Technologies
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    2. Azra AI
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    3. Intel
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    4. GE Healthcare
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    5. NVIDIA
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    6. Digital Diagnostics Inc.
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    7. IBM
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    8. AI
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    9. Siemens Healthineers
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    10. Path AI
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    11. Company 11
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    12. Company 12
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    13. Company 13
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    14. Company 14
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    15. Company 15
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
  1. Conclusion
  2. Recommendations

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