Russia Artificial Intelligence (AI) in Diagnostics Market Analysis

Russia Artificial Intelligence (AI) in Diagnostics Market Analysis

$ 3999

Russia's Artificial Intelligence (AI) in the diagnostics market is projected to grow from $16.3 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. The market will be driven by encouraging government efforts & a strong focus on technical innovation. The market is segmented by component & by diagnosis. Some of the major players include IBM Watson Health, Siemens Healthineers & TeleMD.

ID: IN10RUDH002 CATEGORY: Digital Health GEOGRAPHY: Russia AUTHOR: Vidhi Upadhyay

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Russia Artificial Intelligence (AI) in Diagnostics Market Executive Summary

The Russia Artificial Intelligence (AI) in the diagnostics market is projected to grow from $16.3 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Cardiovascular disorders, cancer, and HIV are the most common illnesses in Russia, fuelling the need for diagnostic interventions. High rates of smoking and alcohol intake also have a significant role in sickness. According to a WHO survey, 39.1% of Russians smoke, compared to 22.7% globally and 27.3% in Europe.

Medical imaging and patient data may be scanned by AI-powered diagnostic tools to discover early warning signs of ailments such as cancer and heart disease. AI may be used to improve diagnostic accuracy by analyzing medical imaging such as CT scans, MRI scans, and X-rays. AI-powered imaging technologies can also help radiologists examine images more quickly and precisely. AI may be used to monitor patients with chronic illnesses such as diabetes and heart disease. While artificial intelligence in diagnostics is still in its early stages in Russia, there is significant potential for its use in improving healthcare outcomes and cutting costs.

A pilot project to deploy a clinical decision support system in Kirov Region was finished in July 2020. The research was carried out in collaboration with the Medical Information and Analysis Center and a number of regional medical institutions, including the Kirov Clinical Diagnostic Center, the Center for Oncology and Medical Radiology, and the Center for Cardiology and Neurology. With cooperation from Russia's Ministry of Health, the Republic of Sakha developed a pilot initiative called 'ONKOPOISKSAKHA.RF' (onco-search Sakha). AI solutions for oncopathologies are being considered by the developers for application in preventative medicine.

russia artificial intelligence in diagnostics market analysis

Market Dynamics

Market Growth Drivers

Russia is a home for various AI-based startups such as Neiry, Botkin.AI, Webiomed, Semantic Hub & TeleMD which are set to further expand the market in Russia. The Russian Federation's Ministry of Health sponsored the establishment of guidelines for the use of artificial intelligence in health care in July 2020. The organization stated that developing a regulatory framework will aid in the development of standard ways to assess the safety and dependability of AI-based systems. The effort aims to increase trust in the use of medical technology. According to the agency, the Digital Diagnosis initiative was established with the cooperation of Russia's Ministry of Health.

The Ministry of Health had begun a project with Rostec Corporation to establish a platform that will provide information assistance to AI solution developers in the field of medicine. The result was the creation of the first edition of the government AI platform in July 2021.

Market Restraints

The use of artificial intelligence (AI) in diagnostics has the potential to revolutionize Russian healthcare. Yet, a number of impediments are impeding its widespread adoption. These challenges include legal uncertainty, as the regulatory landscape for AI in healthcare is complex. In Russia, the scenario is still evolving, creating uncertainty for developers and investors, concerns over data reliability and confidentiality, functionality to integrate with existing healthcare systems with electronic medical records, resistance to change by certain professionals, and limited access to technology because of high costs or a lack of skills.

Competitive Landscape

Key Players

  • IBM Watson Health
  • Siemens Healthineers
  • Philips Healthcare
  • GE Healthcare
  • Google Health
  • AliveCor, Inc.
  • Riverain Technologies
  • Neiry (RUS)
  • Webiomed (RUS)
  • TeleMD (RUS)
  • iBinom (RUS)

Notable Deals

  1. February 2023, GE HealthCare to Acquire Caption Health The acquisition adds AI-enabled image guiding to the ultrasound device portfolios of GE HealthCare's $3 billion Ultrasound division
  2. In May 2022, GE Healthcare inked an arrangement with Alliance Medical, a radiology services firm. The firms agreed to work together to create a digital health solution using powerful AI and data analytics

Healthcare Policies and Regulatory Landscape and Reimbursement Scenario

Russia, as a member of the Eurasian Economic Union (the "EAEU"), abides by the EAEU laws governing the establishment of a Common Market for pharmaceuticals and medical equipment. The legal framework for medical device authorisation, pricing, and reimbursement comprises the Law on Basic Healthcare Principles, the contents of which are reinforced by regulations approved by the Russian Federation's Government and Minzdrav.

1. Report Description of the Russia Artificial Intelligence (AI) in Diagnostics Market Segmentation
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report

2. Russia Artificial Intelligence (AI) in Diagnostics Market Segmentation Executive Summary
2.1 Russia Artificial Intelligence (AI) in Diagnostics Market Segmentation –Industry Snapshot & key buying criteria, 2022-2030
2.2 Market Size, Growth Prospects, and Key findings

3. Market Dynamics of Russia Artificial Intelligence (AI) in Diagnostics Market Segmentation
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis

4. Russia Artificial Intelligence (AI) in Diagnostics Market Segmentation Segmentation

4.1 By Component Outlook
4.1.1 Software
4.1.2 Hardware
4.1.3 Services

4.2 By Diagnosis Outlook
4.2.1 Cardiology
4.2.2 Oncology
4.2.3 Pathology
4.2.4 Radiology
4.2.5 Chest and Lung
4.2.6 Neurology
4.2.7 Others

5. Russia Artificial Intelligence (AI) in Diagnostics Market Segmentation Share
5.1 Market Analysis, Insights, and Forecast – By Revenue

6. Competitive Landscape
6.1 Major Top Market Players

7. Key Company Profiles

7.1 Company 1
7.1.1 Overview
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives

7.2 Company 2
7.2.1 Overview
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives

7.3 Company 3
7.3.1 Overview
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives

7.4 Company 4
7.4.1 Overview
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives

7.5 Company 5
7.5.1 Overview
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives

8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Russia
8.2 Regulatory Framework in Russia
8.3 Pricing & Reimbursement Scenario in Russia Artificial Intelligence (AI) in Diagnostics Market Segmentation

9. Factors Driving Future Growth
9.1 New Trends and Development Russia Artificial Intelligence (AI) in Diagnostics Market Segmentation
9.2 Future Opportunities

10. Strategic Recommendations

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”.


Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

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
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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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This report addresses

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Last updated on: 06 March 2023

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