The global AI in oncology market was valued at USD 4.65 Billion in 2025, driven by the increasing prevalence of cancer across the globe. The market is anticipated to grow at a CAGR of 28.92% during the forecast period of 2026-2035, with the values likely to reach USD 58.97 Billion by 2035.
Base Year
Historical Period
Forecast Period
In December 2023, AstraZeneca collaborated with Absci Corporation in a USD 247 million deal to utilize AI for analyzing proteins in the development of cancer therapy. The increasing integration of artificial intelligence to accelerate biologics discovery is a significant market trend.
In September 2023, Paige and Microsoft collaborated to create a significant AI model using more than one billion images from pathology slides to enhance cancer diagnosis and treatment. Such collaborative initiatives are expected to support market growth in the forecast period.
The strong backing of health authorities such as the FDA and continued research and development endeavors are expected to elevate the market value in the coming years.
Compound Annual Growth Rate
28.92%
Value in USD Billion
2026-2035
*this image is indicative*
Artificial intelligence has demonstrated potential in oncology by enabling early cancer detection and identifying effective treatments. AI improves precision and speed in detecting cancer, decreasing death rates for prevalent tumors. Healthcare providers are incorporating AI tools to pinpoint impacted patients and deliver prompt care. The growing research funding and the increasing need for advanced diagnostics are fueling the expansion of the AI in oncology market. It is anticipated to maintain steady growth throughout the projected period.
Increasing Prevalence of Cancer to Augment Market Demand
The increase in cancer incidences globally, such as in lung, breast, prostate, skin, and leukemia cases, is poised to fuel the demand for artificial intelligence in the oncology market. According to the World Health Organization's estimation in 2022, around 20 million people were diagnosed with cancer. AI tools aid in examining data to enhance diagnosis, medical care, and lower healthcare expenses.
Improvement in Early Cancer Detection Capabilities Likely to Drive Market Growth
The AI market in oncology is expanding because of improved abilities in detecting cancer at an earlier stage. AIIMS in New Delhi created an artificial intelligence (AI) system for identifying cancer by utilizing deep learning models that were trained on a collection of 500,000 medical images. This technology enhances both the precision of diagnoses and the speed of the process, bolstering market growth.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Component:
Market Breakup by Cancer Type:
Market Breakup by Application:
Market Breakup by Treatment:
Market Breakup by Region:
Segmentation Based on Component to Witness Substantial Growth
Based on the components, the market is segmented into hardware, software, and services, with the hardware segment expected to dominate the market. Sophisticated equipment such as high-performance computing systems and graphical processing units speed up data and algorithm processing, accelerating AI analysis in healthcare. TPUs and FPGAs speed up the training of models. Energy-efficient chips facilitate affordable integration of artificial intelligence in cancer treatment, accelerating market expansion.
Based on the region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East/Africa. North America is expected to dominate the market share, which can be attributed to its advanced healthcare system, high cancer rates, and focus on technological innovation. In the healthcare sector, this regional market is at the forefront of implementing AI, as companies and research institutions are propelling rapid progress in the field of oncology.
The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis and strategic initiatives by the leading players. The major companies in the market are as follows:
GE Healthcare Technologies, Inc. is a US-based multinational medical technology company based in Chicago, Illinois. In November 2023, they introduced MyBreastAI suite, which incorporates three AI applications from iCAD software to assist in breast cancer detection and workflows.
In January 2024, NVIDIA teamed up with DeepCell to enhance cell morphology and harness generative AI in cell biology in cancer, stem cell research, gene therapy, and cell therapy. This partnership enabled the company to utilize cutting-edge technology, leading to an enhancement of its capabilities in medical research and innovation.
ConcertAI acquired CancerLinQ from ASCO in December 2023, as the American Society of Clinical Oncology (ASCO) entered into a cooperation agreement with CancerLinQ. The goal of the collaboration is to improve cancer care and research by utilizing real-world data, artificial intelligence, and advanced technologies to further CancerLinQ's initial objectives.
In January 2024, PathAI introduced six additional oncology uses for PathExploreTM, the initial platform to analyze the tumor microenvironment based on H&E-stained whole slide images (WSIs). This expansion provides researchers and clinicians with a more in-depth understanding of different types of cancer.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Azra AI, IBM Corporation, Siemens Healthineers AG, Intel Corporation, Digital Diagnostics Inc., Median Technologies, and Medtronic plc.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Cancer Type |
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| Breakup by Application |
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| Breakup by Treatment |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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