Denmark Artificial Intelligence (AI) in Diagnostics Market Analysis

Denmark Artificial Intelligence (AI) in Diagnostics Market Analysis

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Denmark's Artificial Intelligence (AI) in the diagnostics market is projected to grow from $xx Bn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the forecast period of 2022-2030. The market will be driven by the rising incidence of chronic diseases such as cancer, diabetes, and cardiovascular diseases and public-private partnership intending to develop and apply AI solutions. The market is segmented by component & by diagnosis. Some of the major players include GE Healthcare, IBM Watson Health & Visiopharm.

ID: IN10DKDH002 CATEGORY: Digital Health GEOGRAPHY: Denmark AUTHOR: Vidhi Upadhyay

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Denmark Artificial Intelligence (AI) in Diagnostics Market Executive Summary

Denmark's Artificial Intelligence (AI) in the diagnostics market is projected to grow from $xx Bn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. In Denmark, there are three administration and political levels in the healthcare sector: the national government, the regions, and the municipalities. Denmark is organized into five regions and 98 municipalities, each of which has at least 20,000 residents. Diabetes, cancer, cardiovascular disease, central nervous system illnesses, inflammatory diseases, and allergies are among the areas in which Denmark excels. The Danish medical technology industry has expanded fast in recent years and is expected to develop at a rate of 4-6 % each year.

AI algorithms are being used to evaluate medical pictures such as X-rays, CT scans, and MRI scans in order to assist radiologists in properly detecting illnesses. Some Danish hospitals use AI-powered systems to diagnose lung cancer, brain tumors, and heart disorders. Visiopharm, a Danish firm, has created an AI-powered digital pathology solution capable of analyzing tissue samples and providing diagnostic insights. Blueprint Genomics, a Danish firm, has created an AI-powered platform that can evaluate genetic data and deliver clinical interpretations to healthcare providers.

Market Dynamics

Market Growth Drivers

The Innovation Fund Denmark has granted funds for initiatives involving artificial intelligence in healthcare, particularly diagnostics. The Danish government has devised a national AI plan, with an emphasis on healthcare. The approach is to encourage the use of artificial intelligence (AI) in healthcare in order to enhance patient outcomes, boost efficiency, and reduce costs. The Danish Centre for Artificial Intelligence in Healthcare (DCAIH) is a public-private partnership that intends to develop and apply AI solutions in healthcare. Moreover, the rising incidence of chronic diseases in the country, such as cancer, diabetes, and cardiovascular diseases is leading to the growing demand for personalized medicine.

Market Restraints

The high expense of creating and adopting AI-powered imaging techniques is one of the major factors limiting the adoption of AI Diagnostics. These tools necessitate considerable investment in R&D as well as the infrastructure and technology required to support them. Another impediment is the possibility of ethical and legal difficulties with the use of AI in Diagnostics. Challenges concerning data privacy and security as well as bias and discrimination in AI systems may arise.

Competitive Landscape

Key Players

  • GE Healthcare
  • IBM Watson Health
  • Siemens Healthineers
  • Philips Healthcare
  • Google Health
  • AliveCor, Inc.
  • Lunit Inc.
  • Visiopharm (DNK)
  • Cortrium (DNK)

Notable Deals

In September 2022, Deep Bio announced a collaboration with Visiopharm, a Danish pharmaceutical business, to provide DeepDx Prostate, their deep learning-based prostate cancer pathology image analysis software.

Healthcare Policies and Regulatory Landscape

The Danish Ministry of Health is in charge of developing the integrative framework for the country's healthcare system. The Danish Medicines Agency (DKMA), a governmental entity under the Ministry of Health, is the Danish authority in charge of medical device monitoring. The Danish Act on Medical Devices is the primary regulatory framework for medical device authorization, pricing, and reimbursement. Denmark is obligated to observe the union standards regulating the authorization of pharmaceutical items and medical devices as an EU member state.

Reimbursement Scenario

Denmark has a national healthcare system built on the values of free and equitable healthcare access for all residents. The system is primarily supported by Danish taxpayers through a system of governmental block grants, reimbursements, and equalization programs.

The Danish Ministry of Health is in charge of the overarching structure of the healthcare system at the national level. At the regional level, five regions overseen by Denmark's regional councils are in charge of hospitals and health care supplied by general practitioners and specialists in private practices. Local health and senior care services are provided by 98 towns in Denmark, including illness prevention, home nursing, school health services, children's dental treatment, and nursing homes.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company Overview Product Applications and Services Recent Developments Partnerships Ecosystem Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Artificial Intelligence (AI) in Diagnostics Market Segmentation

  • By Component Outlook Type (Revenue, USD Billion):
    • Software
    • Hardware
    • Services
  • By Diagnosis Outlook Type (Revenue, USD Billion):
    • Cardiology
    • Oncology
    • Pathology 
    • Radiology
    • Chest and Lung
    • Neurology
    • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.


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The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.



Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 24 February 2023
Updated by: Shivam Zalke

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