Research Methodology – Artificial Intelligence in Diagnostics Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Artificial Intelligence in Diagnostics Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Artificial Intelligence in Diagnostics Market is developed by integrating key market indicators and macroeconomic variables. These include:
1 Factors considered while calculating market size and share
- Current market demand for AI in diagnostics.
- Market penetration of AI in different regions.
- Investments and funding in AI-based diagnostic solutions.
- Number of companies offering AI diagnostic solutions.
- Growth rate of telemedicine/telehealth industry.
- Economic conditions, healthcare expenditure, and the size of the healthcare market in different regions.
- Technological advancements, especially in healthcare-related AI technologies.
- Government regulations related to AI in healthcare.
- Product pricing and affordability of AI-based diagnostic solutions.
- The rate of adoption of AI in different healthcare sectors.
2 Key Market Indicators
- Market value size and growth rate of the AI in diagnostics market.
- Number of partnerships and collaborations between AI companies and healthcare providers.
- Market share of major players in the AI in diagnostics market.
- The rate of expansion of the AI in diagnostics market in various geographical locations.
- Number of patents and innovations in the field of AI and diagnostics.
- Revenue generated from the sale of AI-based diagnostic products.
- Trends in consumer acceptance and perception towards AI in diagnostics.
3 Growth Trends
- Increased acceptance and adoption of AI technologies in healthcare.
- Increased investments in AI and machine learning start-ups.
- Improvement in regulatory framework promoting the use of AI in diagnostics.
- Growth in partnerships between diagnostic manufacturers and tech companies.
- Increase in the application of AI for disease prevention and health monitoring.
- Growth of personalized medicine with AI technologies.
- Advancement in technology leading to innovative AI-based diagnostic solutions.
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Artificial Intelligence in Diagnostics Market. Key inputs include:
Company-Level Information
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
Industry and Government Sources
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Artificial Intelligence in Diagnostics Market
Market Intelligence Sources
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
Macro & Consumer Insights
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
Expert Insights & KOL Engagements
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
Focused Discussions & Panels
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
Data Validation & Business POV
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
Forecasting is carried out using proprietary models that combine:
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights