The Global Artificial Intelligence in Healthcare Market size is expected to grow from USD 4.9 billion in 2020 and reach USD 45.2 billion by 2027; it is projected to grow at a CAGR of 44.9% during the forecast period.
MarketDigits recently released a brand-new research study on the international Artificial Intelligence in Healthcare market for the prediction period, 2021-2027. This research report provides a detailed outlook of this market with detailed info regarding drivers, restraints, opportunities, trends, and challenges, and which are the vital aspects which could influence the market results from the targeted years.
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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on ” Global Artificial intelligence in Healthcare Market By Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context- Aware Computing, Computer Vision), Applications (Robot- Assisted Surgery, Virtual Nursing Assistant, Administrative Workflow Assistance, Fraud Detection, Dosage Error Reduction, Clinical Trial Participant Identifier, Preliminary Diagnosis), End- Use Application (Patient Data and Risk Analysis, Inpatient Care & Hospital Management, Medical Imaging & Diagnostics, Lifestyle Management & Monitoring, Virtual Assistant, Drug Discovery, Research, Healthcare Assistance Robots, Precision Medicine, Emergency Room & Surgery, Wearables, Mental Health), End- User (Hospitals and Providers, Patients, Pharmaceutical and Biotechnology Companies, Healthcare Payers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026″. Early buyers will get 10% customization on study.
To Avail deep insights of Artificial Intelligence in Healthcare Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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Market Analysis: Global Artificial Intelligence in Healthcare Market
Global Artificial Intelligence in Healthcare Market is expected to rise from its initial estimated value of USD 2.07 billion to an estimated value of USD 54.10 billion by 2026, registering a CAGR of 50.37% in the forecast period of 2019-2026. Increasing demand for reducing the healthcare cost is the major factor for the growth in this market.
Few of the major competitors currently working in the artificial intelligence in healthcare market NVIDIA Corporation, Intel Corporation, IBM, Google, Microsoft, General Vision, GENERAL ELECTRIC, Siemens Healthcare Private Limited, Medtronic, CloudMedx Inc., Imagia Cybernetics Inc., Precision Health Intelligence, LLC., Cloud Pharmaceuticals, Inc.
Market Definition: Global Artificial Intelligence in Healthcare Market
Artificial Intelligence in healthcare uses software and algorithms which is used to analyze human cognitive functions. In simple words, computer techniques are used by the professional to suggest treatments and to perform clinical diagnoses. Cancer, neurology and cardiology are the major diseases areas that use AI tools. AI tool help to give accurate output to their end- user. Diagnosis processes, treatment protocol development, drug development, personalized medicine etc. are some of the practices where AI programs are used.
Key Developments in the Market:
- In November 2018, GE Healthcare at radiological society of North America announced the launch of its new Edison artificial intelligence platform that will have new applications and software that will help the hospitals and health systems to develop algorithms and manage data.
- In January 2019, Alliance for Artificial Intelligence in Healthcare (AAIH) was launched officially. It is a nonprofit organization whose aim is to develop and implement artificial intelligence in healthcare. The main aim is to increase AI in the healthcare industry and engendered enthusiasm and hope in consumers and patients.
Competitive Analysis: Global Artificial Intelligence in Healthcare Market
Global artificial intelligence in healthcare market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of artificial intelligence in healthcare market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Research Methodology: Global Artificial Intelligence in Healthcare Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by MarketDigits team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
An excellent Artificial Intelligence in Healthcare Market research report can be generated only with the leading attributes such as highest level of spirit, practical solutions, committed research and analysis, innovation, talent solutions, integrated approaches, most up-to-date technology & dedication. Hence, all the above aspects are firmly followed by MarketDigits team while building this Artificial Intelligence in Healthcare market report for a client. Furthermore, influencing factors such as market drivers, market restraints and competitive analysis is studied with the SWOT analysis which is the most established tool when it comes to generate Artificial Intelligence in Healthcare Market research report. With Artificial Intelligence in Healthcare Market report, build a strong organization and make better decisions that take business on the right track.
Major Points Covered In This Report:
Chapter 1. Report Overview
Chapter 2. Global Growth Trends
Chapter 3. Market Share by Key Players
Chapter 4. Breakdown Data by Type and Application
Chapter 5. Market by End Users/Application
Chapter 6. COVID-19 Outbreak: Artificial Intelligence in Healthcare Industry Impact
Chapter 7. Opportunity Analysis in Covid-19 Crisis
Chapter 9. Market Driving Force
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