Global artificial intelligence (AI) in oncology market is anticipated to grow at a CAGR of 32.6 % during the forecast period. Medical imaging analysis using AI is used to analyze medical images including X-rays, CT scans, MRIs, PET scans, and histopathology slides. It can help detect and characterize tumors, lesions, and abnormalities, in addition to identifying cancerous cells and tissue patterns. AI can additionally be used to analyze genomic data and determine how a patient’s genetic makeup affects their response to specific cancer drugs. Furthermore, AI can be used to create precise radiation therapy treatment plans, tailor chemotherapy regimens, identify the most suitable targeted therapies, and match cancer patients with suitable clinical trials. The market’s growth is attributed to data quality and accessibility. Utilizing electronic health records (EHRs) and platforms such as Vista, a significant amount of real-world, high-quality patient data can be collected. For developing insights into cancer treatment and training AI models, a comprehensive dataset is essential. For instance, in October 2023, COTA launched a new real-world data platform to accelerate cancer research and advance generative AI models in oncology. To promote real-world evidence (RWE) insights in oncology and to open the door for the development of trusted generative AI in cancer care, Vista was developed employing automation to speed up and, consequently, scale up EHR data abstraction.
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Furthermore, AI platforms such as Tara make use of a wide range of data sources, including electronic health records and genomic information. This has contributed to the increased importance of real-world data and real-world evidence in cancer research and treatment. in September 2023, Belong.Life launched Tara – an AI SaaS matching cancer patient to clinical trials. The Tara platform, aimed toward medical professionals and contract research organizations (CROs), was designed to accelerate the process of matching individuals with clinical trials that are appropriate for individuals.
Global Artificial Intelligence (AI) in Oncology Market Report Segment
By Component
- Software
- Hardware
- Services
By Cancer Type
- Breast Cancer
- Lung Cancer
- Prostate Cancer
- Colorectal Cancer
- Brain Tumor
- Others (Pancreatic Cancer, and Ovarian Cancer)
By Treatment Type
- Chemotherapy and Drug Development
- Radiation Therapy
- Immunotherapy
- Others (Surgery, and Targeted Therapies)
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Artificial Intelligence (AI) In Oncology Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Amazon Web Service, Inc.
- Azra AI.
- ai
- Clinithink
- ConcertAI LLC
- Exscientia plc
- Hoffmann-La Roche, Ltd.
Google, LLC
Ibex Medical Analytics, Ltd.
IBM Corp.
Intel Corp.
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