Global Artificial Intelligence (AI) in Healthcare Market Size study, by Offering (Hardware, software, Services) by Technology (Machine learning, Natural Language Processing, Context-aware Computing, Computer Vision), by Application (Patient Data & Risk Analysis, Inpatient Care & Hospital Management, Medical Imaging & Diagnostics, Lifestyle Management & Monitoring, Virtual Assistants, Drug Discovery, Research, Healthcare Assistant Robots, Precision Medicine, Emergency Room & Surgery, Wearables, Mental Health, Cybersecurity), By End User (Hospital & Healthcare Providers, Patients, Pharmaceuticals & Biotechnology Companies, Healthcare Payers, Others) and Regional Forecasts 2022-2028
Global Artificial Intelligence (AI) in Healthcare Market is valued at approximately USD 6.9 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 46.2% over the forecast period 2022-2028. Artificial Intelligence (AI) in the healthcare industry is mainly utilized to investigate the relationship between therapeutic approaches and patient outcomes. AI in healthcare has numerous uses in drug research, treatment regimens, and medication management. It’s main uses in medical procedures are diagnosis, tailored medication, drug development, and patient care monitoring. The increasing cost of healthcare facilities and rising prevalence of Chronic Diseases as well as strategic initiatives from leading market players are key factors accelerating the growth of the Market. According to World Health Organization (WHO), the global expenditure on healthcare facilities accounts for over 10% of global GDP i.e., 8.3 trillion USD. Moreover, an NCBI report of 2020, stated that around 68% of covid-19 positive cases were accurately detected by the AI-based algorithms out of 25 patients. Moreover, leading market players are working towards new product announcements to leverage the growing adoption of AI tools in the healthcare industry. For instance, in July 2022, Aster DM Healthcare Group's innovation hub, the Aster Innovation and Research Centre, has partnered with Intel Corporation and AI platform provider CARPL.ai to create and launch an AI-powered health data platform in India. Also, the growing number of geriatric individuals and the rising healthcare sector in emerging markets would create lucrative growth opportunities for the market during the forecast period. However, a lack of organized data availability, and a dearth of skilled professionals market growth throughout the forecast period of 2022-2028.
The key regions considered for the Global Artificial Intelligence (AI) in Healthcare Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region in terms of market share owing to the factor such as the rising utilization of AI based tools in the healthcare sector as well as the presence of leading market players in the region. On the other hand, Asia Pacific is estimated to grow significantly during the forecast period, due to the factors such as increasing incidences of chronic diseases as well as rising healthcare sector in the region.
Major market players included in this report are:
Welltok, Inc.
Intel Corporation
Nvidia Corporation
Google Inc.
IBM Corporation
Microsoft Corporation
General Vision, Inc.
Enlitic, Inc.
Next IT Corporation
iCarbonX
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with adetailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Offering:
Hardware
Software
Services
By Technology:
Machine Learning
Natural Language Processing
Context-aware Computing
Computer Vision
By Application:
Patient Data & Risk Analysis
Inpatient Care & Hospital Management
Medical Imaging & Diagnostics
Lifestyle Management & Monitoring
Virtual Assistants
Drug Discovery
Research
Healthcare Assistant Robots
Precision Medicine
Emergency Room & Surgery
Wearables
Mental Health
Cybersecurity
By End User:
Hospital & Healthcare Providers
Patients
Pharmaceuticals & Biotechnology Companies
Healthcare Payers
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Artificial Intelligence (AI) in Healthcare Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Welltok, Inc.
Intel Corporation
Nvidia Corporation
Google Inc.
IBM Corporation
Microsoft Corporation
General Vision, Inc.
Enlitic, Inc.
Next IT Corporation
iCarbonX
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
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