The Artificial Intelligence In Medicine Market size is estimated at USD 11.66 billion in 2024, and is expected to reach USD 36.79 billion by 2029, growing at a CAGR of 25.83% during the forecast period (2024-2029).
The growing global geriatric population, varying lifestyles, and growing prevalence of chronic diseases have contributed to the surge in the need for diagnosing and enhanced understanding of diseases in their initial phases. For instance, according to the American Heart Association, in 2022, the prevalence rate of heart failure in the United States is 6 million, 1.8 percent of the total population.
The overall competitive rivalry remains moderately high in the Market studied. The growing existence of big players in the industry is anticipated to intensify competitive rivalry during the projection period. Incumbents, such as IBM Watson Health, Atomwise Inc., etc., considerably influence the overall Market.
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