Artificial Intelligence in Healthcare Market, By Component (Hardware, Software, Services), By Technology (Speech Recognition, Natural Language Processing, Machine Learning, Context-Aware Processing), By Application (Imaging & Diagnostics, Home Health, Med

Artificial Intelligence in Healthcare Market, By Component (Hardware, Software, Services), By Technology (Speech Recognition, Natural Language Processing, Machine Learning, Context-Aware Processing), By Application (Imaging & Diagnostics, Home Health, Medical Devices and Robotics, Virtual Assistants, Others), By End User (Hospitals & Clinics, Medical Device Companies, Diagnostic Centers, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Artificial intelligence has shown immense potential in various domains of healthcare from disease diagnosis to drug discovery. It enables healthcare providers to harness the power of data to improve clinical outcomes and accelerate precision medicine approaches. AI can analyze huge volumes of patient data, medical images and literature at much faster speed than humans. This helps detect patterns, predict outcomes and recommend treatment plans for improved decision making. As AI technologies advance further with continuous learning techniques, these are expected to play a transformative role in making healthcare more affordable, accessible and personalized globally.

Market Dynamics:

Global artificial intelligence in healthcare market growth is driven by rising digitization of healthcare along with growing need to optimize healthcare resource utilization and infrastructure. AI helps reduce medical expenses through streamlined workflows and prevention of readmissions. There has been huge demand for virtual assistants and chatbots for patient engagement. However, concerns around data privacy, lack of skilled AI workforce and high deployment costs can hamper the market growth. Increasing collaboration between AI vendors, providers and researchers to develop novel applications can offer market growth opportunities. Growing adoption of wearable devices and smartphones creates more data sources for training advanced AI systems.

Key features of the study:

This report provides in-depth analysis of the global artificial intelligence in healthcare market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global artificial intelligence in healthcare market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Microsoft, IBM, Intel, Google, Siemens Healthineers, GE Healthcare

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global artificial intelligence in healthcare market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global artificial intelligence in healthcare market

Detailed Segmentation-

By Component Insights (Revenue, USD Bn, 2019 - 2031)

Hardware

Software

Services

By Technology Insights (Revenue, USD Bn, 2019 - 2031)

Speech Recognition

Natural Language Processing

Machine Learning

Context-Aware Processing

By Application Insights (Revenue, USD Bn, 2019 - 2031)

Imaging & Diagnostics

Home Health

Medical Devices and Robotics

Virtual Assistants

Others

By End User Insights (Revenue, USD Bn, 2019 - 2031)

Hospitals & Clinics

Medical Device Companies

Diagnostic Centers

Others

By Regional Insights (Revenue, USD Bn, 2019 - 2031)

North America

U.S.

Canada

Latin America

Brazil

Argentina

Mexico

Rest of Latin America

Europe

Germany

U.K.

Spain

France

Italy

Russia

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

South Africa

North Africa

Central Africa

Key Players Insights

GE Healthcare

Siemens Healthineers

Philips Healthcare

NVIDIA

Intel

Babylon Health

Komodo Health

Aidoc

Google Health

Exscientia

Butterfly Network

Relay Therapeutics

PathAI

Canon Medical Systems

Microsoft

Oncora Medical

Biosymetrics

Arterys

Ada Health