Artificial Intelligence (AI) in Cardiology Market (2023-2030): Industry Insights, SWOT Analysis, Market Size, Share, and Key Growth Factors | IDOVEN iRhythm Technologies, Inc. Koninklijke Philips N.V.

Artificial Intelligence (AI) in the cardiology market is anticipated to grow at a significant CAGR of 19.5% during the forecast period (2024-2031).AI and machine learning are revolutionizing cardiac imaging, diagnostics, and treatment planning. It offers early detection, risk prediction, and personalized treatment strategies by analyzing large datasets. The COVID-19 pandemic has additionally accelerated the adoption of remote monitoring and telemedicine. Regulatory agencies guide AI-based medical devices and software in cardiology, while reimbursement policies and payment models incentivize AI adoption. Collaboration between healthcare providers, technology companies, research institutions, and regulatory agencies fosters innovation and drives market growth in AI cardiology, ultimately improving patient outcomes.

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The increasing demand for accurate diagnostic tools, is crucial for early detection of cardiac abnormalities and guiding appropriate treatment interventions. According to theWorld Heart Federation, in 2023, Cardiovascular Diseases (CVDs) claimed the lives of approximately 20.5 million individuals globally, making it a significant contributor to global mortality. These figures represent around one-third of all recorded fatalities, indicating a notable increase compared to the 12.1 million CVD deaths documented in 1990. Furthermore, ischaemic heart disease has emerged as the leading cause of premature mortality in 146 countries for men and 98 countries for women.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Artificial Intelligence (AI) in Cardiology Market by Component
o Software
o Services

Global Artificial Intelligence (AI) in Cardiology Market by Application
o Cardiac Arrhythmias
o Stroke
o Ischemic Heart Disease /CAD
o Others (Electrophysiology (EP) Procedures, and Cardiac Risk Assessment)

Global Artificial Intelligence (AI) in Cardiology Market by End-user
o Life Science Companies
o Healthcare Payers
o Healthcare Providers

Global Artificial Intelligence (AI) in Cardiology Market by Region
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World
o Latin America
o Middle East and Africa

Company Profiles
o AliveCor, Inc.
o Bardy Diagnostics, Inc.
o Biofourmis Inc.
o CardiAI™
o Cleerly, Inc.
o Dia Imaging Analysis Ltd.
o HeartFlow, Inc.
o HeartVista Inc.
o IDOVEN
o iRhythm Technologies, Inc.
o Koninklijke Philips N.V.
o Medtronic Plc
o RSIP Vision
o TempusAI, Inc.
o UltraSight Inc.
o Ultromics Ltd
o Viz.ai, Inc.

The Report Covers
• Market value data analysis of 2023and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global artificial intelligence (AI) in the cardiology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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