The global artificial intelligence in cardiology market size is expected to reach USD 11.5 Billion by 2030, expanding at 34.1% CAGR from 2023 to 2030. The increase in the adoption of new technologies by healthcare facilities for the diagnosis and treatment of cardiac diseases, the growing burden of cardiovascular diseases worldwide, and increasing competition among market players to launch new technologies for cardiac imaging are some of the major factors supporting the market's growth.
According to the WHO, cardiovascular diseases are a major cause of death worldwide. The World Heart Federation states that cardiovascular deaths are expected to rise in the coming years. i.e., from 18.9 million in 2020 to 32.3 million in 2050. Some major causes of cardiac diseases are stress, sedentary lifestyles, and an increase in the consumption of fast food, among others. A significant number of people adopting a sedentary lifestyle is expected to increase the disease burden further. This is expected to improve the demand for artificial intelligence (AI) technology to accurately detect cardiac abnormalities and thus boost the market in the post-pandemic period.
Aging is one of the major causes of cardiovascular diseases. According to the National Institute of Health, aging is one of the major reasons for diseases such as coronary artery disease, stroke, heart attack, and other cardiovascular diseases. According to the WHO, in 2020, over 1 billion people were aged 60 years and above, and by 2050, this number is expected to rise to 2.1 billion. The surge in the geriatric population is expected to increase the burden of these diseases and thus support the demand for advanced AI technology in the coming years for treating heart diseases in a better way.
Artificial intelligence has improved and enhanced the accuracy of diagnosing cardiovascular diseases. Machine learning algorithms are increasingly being developed and are widely used in the diagnosis and treatment of heart failure, valvular heart disease, and coronary artery disease, among others. Improved diagnostic and prognostic capabilities using machine learning algorithms are enhancing the clinical care of patients suffering from cardiovascular diseases. Many studies have reported that artificial intelligence detects abnormalities in the heart with more than 80% accuracy. All the above-mentioned factors are likely to boost the demand for AI in cardiology.
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According to the WHO, cardiovascular diseases are a major cause of death worldwide. The World Heart Federation states that cardiovascular deaths are expected to rise in the coming years. i.e., from 18.9 million in 2020 to 32.3 million in 2050. Some major causes of cardiac diseases are stress, sedentary lifestyles, and an increase in the consumption of fast food, among others. A significant number of people adopting a sedentary lifestyle is expected to increase the disease burden further. This is expected to improve the demand for artificial intelligence (AI) technology to accurately detect cardiac abnormalities and thus boost the market in the post-pandemic period.
Aging is one of the major causes of cardiovascular diseases. According to the National Institute of Health, aging is one of the major reasons for diseases such as coronary artery disease, stroke, heart attack, and other cardiovascular diseases. According to the WHO, in 2020, over 1 billion people were aged 60 years and above, and by 2050, this number is expected to rise to 2.1 billion. The surge in the geriatric population is expected to increase the burden of these diseases and thus support the demand for advanced AI technology in the coming years for treating heart diseases in a better way.
Artificial intelligence has improved and enhanced the accuracy of diagnosing cardiovascular diseases. Machine learning algorithms are increasingly being developed and are widely used in the diagnosis and treatment of heart failure, valvular heart disease, and coronary artery disease, among others. Improved diagnostic and prognostic capabilities using machine learning algorithms are enhancing the clinical care of patients suffering from cardiovascular diseases. Many studies have reported that artificial intelligence detects abnormalities in the heart with more than 80% accuracy. All the above-mentioned factors are likely to boost the demand for AI in cardiology.
Artificial intelligence In Cardiology Market Report Highlights
- Based on component, the software segment dominated the market with a share of 43.7%. The high demand for AI-based software in the area of cardiac diagnosis is one of the major reasons for the segment's growth
- The arrhythmias segment is expected to grow with a CAGR of 37.5% over the forecast period owing to the high accuracy of AI devices to detect arrhythmias effectively
- North America dominated the market in terms of revenue share with 58.0% in 2022 due to the approval of a significant number of AI devices in North America in the area of cardiology
- The Asia Pacific region is expected to witness the fastest growth over the forecast period, owing to the growing disease burden in the region and also due to the increase in the adoption of AI devices in the region
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Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.1.1. Component
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.1.1. Approach 1: Commodity flow approach
1.6.2. Volume price analysis (Model 2)
1.6.2.1. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective 1
1.9.2. Objective 2
Chapter 2. Executive Summary
2.1. Market Outlook
Chapter 3. Artificial Intelligence in Cardiology Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & growth prospect mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.4. Artificial Intelligence in Cardiology Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.4.2. PESTLE Analysis
3.5. Covid-19 Impact on the market
Chapter 4. Artificial Intelligence in Cardiology: Component Estimates & Trend Analysis
4.1. Definitions and Scope
4.2. Artificial Intelligence in Cardiology Share, 2022 & 2030
4.2.1. Hardware
4.2.1.1. Hardware market estimates and forecast 2018 to 2030 (USD Million)
4.2.2. Software Solutions
4.2.2.1. Software Solutions market estimates and forecast 2018 to 2030 (USD Million)
4.2.3. Services
4.2.3.1. Services market estimates and forecast 2018 to 2030 (USD Million)
Chapter 5. Artificial Intelligence in Cardiology: Application Estimates & Trend Analysis
5.1. Definitions and Scope
5.2. Artificial Intelligence in Cardiology Share, 2022 & 2030
5.2.1. Cardiac Arrhythmias
5.2.1.1. Cardiac Arrhythmias market estimates and forecast 2018 to 2030 (USD Million)
5.2.2. Stroke
5.2.2.1. Stroke market estimates and forecast 2018 to 2030 (USD Million)
5.2.3. Ischemic Heart Disease /CAD
5.2.3.1. Ischemic Heart Disease /CAD market estimates and forecast 2018 to 2030 (USD Million)
5.2.4. Others
5.2.4.1. Others market estimates and forecast 2018 to 2030 (USD Million)
Chapter 6. Artificial Intelligence in Cardiology: Regional Estimates & Trend Analysis
6.1. Regional market share analysis, 2022 & 2030
6.2. North America
6.2.1. U.S.
6.2.1.1. U.S. market estimates and forecast, 2018 - 2030
6.2.2. Canada
6.2.2.1. Canada market estimates and forecast, 2018 - 2030
6.3. Europe
6.3.1. U.K.
6.3.1.1. U.K. market estimates and forecast, 2018 - 2030
6.3.2. Germany
6.3.2.1. Germany market estimates and forecast, 2018 - 2030
6.3.3. France
6.3.3.1. France market estimates and forecast, 2018 - 2030
6.3.4. Italy
6.3.4.1. Italy market estimates and forecast, 2018 - 2030
6.3.5. Spain
6.3.5.1. Spain market estimates and forecast, 2018 - 2030
6.3.6. Denmark
6.3.6.1. Denmark market estimates and forecast, 2018 - 2030
6.3.7. Sweden
6.3.7.1. Sweden market estimates and forecast, 2018 - 2030
6.3.8. Norway
6.3.8.1. Norway market estimates and forecast, 2018 - 2030
6.4. Asia Pacific
6.4.1. Japan
6.4.1.1. Japan market estimates and forecast, 2018 - 2030
6.4.2. China
6.4.2.1. China market estimates and forecast, 2018 - 2030
6.4.3. India
6.4.3.1. India market estimates and forecast, 2018 - 2030
6.4.4. Australia
6.4.4.1. Australia market estimates and forecast, 2018 - 2030
6.4.5. Thailand
6.4.5.1. Thailand market estimates and forecast, 2018 - 2030
6.4.6. South Korea
6.4.6.1. South Korea market estimates and forecast, 2018 - 2030
6.5. Latin America
6.5.1. Brazil
6.5.1.1. Brazil market estimates and forecast, 2018 - 2030
6.5.2. Mexico
6.5.2.1. Mexico market estimates and forecast, 2018 - 2030
6.5.3. Argentina
6.5.3.1. Argentina market estimates and forecast, 2018 - 2030
6.6. MEA
6.6.1. South Africa
6.6.1.1. South Africa market estimates and forecast, 2018 - 2030
6.6.2. Saudi Arabia
6.6.2.1. Saudi Arabia market estimates and forecast, 2018 - 2030
6.6.3. UAE
6.6.3.1. UAE market estimates and forecast, 2018 - 2030
6.6.4. Kuwait
6.6.4.1. Kuwait market estimates and forecast, 2018 - 2030
Chapter 7. Competitive Analysis
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Participant Categorization
7.3. Company Market Position Analysis
Chapter 8. Competitive Landscape
8.1. Company Profiles
8.1.1. IDOVEN
8.1.1.1. Company overview
8.1.1.2. Financial performance
8.1.1.3. Product benchmarking
8.1.1.4. Strategic initiatives
8.1.2. CardiAI
8.1.2.1. Company overview
8.1.2.2. Financial performance
8.1.2.3. Product benchmarking
8.1.2.4. Strategic initiatives
8.1.3. Ultromics Limited
8.1.3.1. Company overview
8.1.3.2. Financial performance
8.1.3.3. Product benchmarking
8.1.3.4. Strategic initiatives
8.1.4. Arterys Inc.
8.1.4.1. Company overview
8.1.4.2. Financial performance
8.1.4.3. Product benchmarking
8.1.4.4. Strategic initiatives
8.1.5. Cardiologs
8.1.5.1. Company overview
8.1.5.2. Financial performance
8.1.5.3. Product benchmarking
8.1.5.4. Strategic initiatives
8.1.6. Ultrasight
8.1.6.1. Company overview
8.1.6.2. Financial performance
8.1.6.3. Product benchmarking
8.1.6.4. Strategic initiatives
8.1.7. DiA Imaging Analysis
8.1.7.1. Company overview
8.1.7.2. Financial performance
8.1.7.3. Product benchmarking
8.1.7.4. Strategic initiatives
8.1.8. Vista AI
8.1.8.1. Company overview
8.1.8.2. Financial performance
8.1.8.3. Product benchmarking
8.1.8.4. Strategic initiatives
8.1.9. Viz ai
8.1.9.1. Company overview
8.1.9.2. Financial performance
8.1.9.3. Product benchmarking
8.1.9.4. Strategic initiatives
8.1.10. RSIP Vision
8.1.10.1. Company overview
8.1.10.2. Financial performance
8.1.10.3. Product benchmarking
8.1.10.4. Strategic initiatives
8.1.11. Cleerly, Inc
8.1.11.1. Company overview
8.1.11.2. Financial performance
8.1.11.3. Product benchmarking
8.1.11.4. Strategic initiatives
List of Tables
Table 1 North America Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 2 North America Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 3 U.S. Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 4 U.S. Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 5 Canada Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 6 Canada Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 7 Europe Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 8 Europe Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 9 U.K. Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 10 U.K. Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 11 Germany Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 12 Germany Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 13 Spain Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 14 Spain Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 15 France Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 16 France Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 17 Italy Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 18 Italy Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 19 Russia Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 20 Russia Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 21 Sweden Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 22 Sweden Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 23 Denmark Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 24 Denmark Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 25 Norway Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 26 Norway Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 27 Asia Pacific Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 28 Asia Pacific Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 29 Japan Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 30 Japan Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 31 China Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 32 China Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 33 India Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 34 India Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 35 Australia Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 36 Australia Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 37 Thailand Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 38 Thailand Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 39 South Korea Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 40 South Korea Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 41 Latin America Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 42 Latin America Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 43 Brazil Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 44 Brazil Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 45 Mexico Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 46 Mexico Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 47 Argentina Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 48 Argentina Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 49 MEA Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 50 MEA Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 51 South Africa Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 52 South Africa Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 53 Saudi Arabia Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 54 Saudi Arabia Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 55 UAE Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 56 UAE Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 57 Kuwait Artificial Intelligence in Cardiology Market, by Component, 2018 - 2030 (USD Million)
TABLE 58 Kuwait Artificial intelligence in Cardiology Market, By Application, 2018 - 2030 (USD Million)
TABLE 59 Key companies undergoing expansions
TABLE 60 Key companies launching new products/services
List of Figures
Fig. 1 Market research process
FIG. 2 Information Procurement
FIG. 3 Primary research pattern
FIG. 4 Market research approaches
FIG. 5 Value chain-based sizing & forecasting
FIG. 6 QFD modelling for market share assessment
FIG. 7 Market segmentation & scope
FIG. 8 Artificial Intelligence in Cardiology outlook, 2018-2030
FIG. 9 Market trends & outlook
FIG. 10 Market driver relevance analysis (Current & future impact)
FIG. 11 Market restraint relevance analysis (Current & future impact)
FIG. 12 SWOT Analysis, By Factor (political & legal, economic and technological)
FIG. 13 Porter’s Five Forces Analysis
FIG. 14 Artificial Intelligence in Cardiology market: Component outlook key takeaways
FIG. 15 Artificial Intelligence in Cardiology market: Component movement analysis
FIG. 16 Software Solutions market, 2018 - 2030 (USD Million)
FIG. 17 Hardware market, 2018 - 2030 (USD Million)
FIG. 18 Services market, 2018 - 2030 (USD Million)
FIG. 19 Artificial Intelligence in Cardiology: Application outlook key takeaways
FIG. 20 Artificial Intelligence in Cardiology: Application movement analysis
FIG. 21 Cardiac Arrhythmias market, 2018 - 2030 (USD Million)
FIG. 22 Stroke market, 2018 - 2030 (USD Million)
FIG. 23 Ischemic Heart Disease /CAD
FIG. 24 Others market, 2018 - 2030 (USD Million)
FIG. 25 Regional marketplace: Key takeaway
FIG. 26 Artificial Intelligence in Cardiology regional outlook, 2020 & 2028
FIG. 27 North America Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 28 U.S. Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 29 Canada Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 30 Europe Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 31 Germany Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 32 France Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 33 U.K. Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 34 Spain Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 35 Italy Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 36 Denmark Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 37 Sweden Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 38 Norway Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 39 Asia Pacific Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 40 Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 41 Japan Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 42 India Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 43 Thailand Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 44 South Korea Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 45 Australia Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 46 Latin America Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 47 Brazil Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 48 Mexico Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 49 Argentina Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 50 Middle East & Africa Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 51 South Africa Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 52 Saudi Arabia Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 53 UAE Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
FIG. 54 Kuwait Artificial Intelligence in Cardiology market, 2018 - 2030 (USD Million)
Companies Mentioned
- IDOVEN
- CardiAI
- Ultromics Limited
- Arterys Inc.
- Cardiologs
- Ultrasight
- DiA Imaging Analysis
- Vista AI
- Viz ai
- RSIP Vision
- Cleerly, Inc
Methodology
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