The global Healthcare Artificial Intelligence (AI) market will register a 6.9% cagr in terms of revenue, the global market size will reach us$ 10.20 million by 2027.
Artificial intelligence is being employed in the healthcare industry to investigate the link between treatment methods and patient outcomes. Medication management, treatment regimens, and drug discovery are just a few of the applications of AI in healthcare. It's employed in medical procedures like diagnostics, personalised medicine, drug development, and patient monitoring. The rise in the number of healthcare data and the complexities of datasets are increasing the need for AI in healthcare in the market, which is driving the growth of the artificial intelligence healthcare market. Furthermore, advances in processing power and lower hardware prices, an increase in the number of cross-industry partnerships and collaborations, and an increase in the imbalance between the health personnel and patients all contribute to the need for improved healthcare services.
The increased desire for individualised medicine, the favourable impact of COVID-19, the rising demand to lower healthcare costs, and the rise in volume and complexities in healthcare datasets are all drivers driving the growth of the healthcare artificial intelligence market. Furthermore, the expanding potential of AI-based tools for the treatment of chronic illness, as well as their increasing use in clinical trials, provide chances for participants in the healthcare artificial intelligence market to expand.
Who are the major players in Healthcare Artificial Intelligence (AI) market?
Top key players in the Healthcare Artificial Intelligence (AI) market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Healthcare Artificial Intelligence (AI) market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include NVIDIA Corporation, Google, General Vision, GENERAL ELECTRIC, Stryker, Microsoft Corporation, IBM Watson Health, Intel Corporation, Koninklijke Philips N.V, DEEP GENOMICS, Next IT Corp, CloudMedx Inc and others.
GE Healthcare Unveils New AI and Digital Technologies and Solutions to Help Solve Healthcare’s Most Pressing Problems
November 28, 2021 – At the Radiological Society of North America’s (RSNA) 2021 Annual Meeting, GE Healthcare unveiled around 60 innovative technology solutions spanning the healthcare spectrum including patient screening, diagnostics, therapy planning, guidance, and monitoring. Amidst a global pandemic and mounting pressure on the industry, the company accelerated innovations underpinned by artificial intelligence (AI) and digital solutions to help transform healthcare delivery, making it easier and more efficient for clinicians and health systems, and more personalized and precise for patients.
The market is segmented based on the type, applications, companies and regions.
By type, Healthcare Artificial Intelligence (AI) market has been segmented into
The end user’s industry application on Healthcare Artificial Intelligence (AI) market is,
In 2020, North America dominated the artificial intelligence in healthcare industry, accounting for more than 58 percent of the market. In comparison to other regions, North America has a higher rate of adoption of innovative and digital technology in the healthcare sector. High healthcare spending, an increase in hospital admissions, a larger frequency of chronic diseases, and favourable government regulations are all major growth drivers in the Ai in healthcare industry in North America. The use of artificial intelligence technology is aided by the presence of a well-developed healthcare infrastructure, as well as increased investments in telecommunications and IT infrastructure. Google, Intel, Microsoft, General Electric Company, Amazon Web Services, and others are all headquartered in North America.
North america
The Healthcare Artificial Intelligence (AI) market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The global Healthcare Artificial Intelligence (AI) market report also conducted a pestel analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report attributes | Report details |
Report title | Healthcare Artificial Intelligence (AI) market - global growth, trends and forecast (2022 - 2027) by types, by application, by regions and by key players: NVIDIA Corporation, Google, General Vision, GENERAL ELECTRIC |
Forecast period 2022 to 2028 cagr | Cagr of 6.9% over the forecast period (2022-2027) |
By type |
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By application |
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By companies | NVIDIA Corporation, Google, General Vision, GENERAL ELECTRIC, Stryker, Microsoft Corporation, IBM Watson Health, Intel Corporation, Koninklijke Philips N.V, DEEP GENOMICS, Next IT Corp, CloudMedx Inc |
Regions covered |
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Countries covered |
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Base year | 2022 |
Historical year | 2017 to 2021 |
Forecast year | 2022 to 2027 |
Number of pages | 130 |
Customization available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Healthcare Artificial Intelligence (AI) market is studied from 2017 - 2027.
What is the growth rate of Healthcare Artificial Intelligence (AI) market?
The Healthcare Artificial Intelligence (AI) market is growing at a cagr of 6.9% over the next 5 years.
Who are the key players in Healthcare Artificial Intelligence (AI) market?
NVIDIA Corporation, Google, General Vision, GENERAL ELECTRIC, Stryker, Microsoft Corporation, IBM Watson Health, Intel Corporation, Koninklijke Philips N.V, DEEP GENOMICS, Next IT Corp, CloudMedx Inc
What regions does this Healthcare Artificial Intelligence (AI) market report covers?
North america (the United States, canada, and mexico)
europe (germany, france, uk, russia, and italy)
asia-pacific (china, japan, korea, india, and southeast asia)
south america (brazil, argentina, colombia, etc.)
The middle east and africa (saudi arabia, uae, egypt, nigeria, and south africa)
What are the significant types of Healthcare Artificial Intelligence (AI) market?
Hardware, Software, Services
What are the major end-use applications of the Healthcare Artificial Intelligence (AI) market?
Academic & Research Laboratories, Hospital & Diagnostic Centers, Pharmaceutical & Biotechnology Companies
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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