Global Artificial Intelligence in Healthcare Market, By Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context- Aware Computing, Computer Vision), Application (Robot-assisted Surgery, Virtual Assistants, Administrative Workflow Assistants, Connected Machines, Diagnosis, Clinical Trials, Fraud Detection, Cyber security, Dosage Error Reduction), End User (Patients, Pharmaceuticals and Biotechnology Companies, Healthcare Payers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Artificial intelligence in healthcare market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 123.14 billion by 2028 and will grow at a CAGR of 50.87% in the above mentioned forecast period.
Artificial Intelligence in healthcare makes use of software and algorithms that is used to examine human cognitive functions. The computer techniques are used by the specialized to suggest treatments and to carry out clinical diagnoses.
The increasing need for improvised healthcare services owing to imbalance between health workforce and patients is amongst the important factors intensifying the growth and demand of artificial intelligence in healthcare market. In addition, the rising number of cross-industry partnerships and collaborations as well as improving computing power and declining hardware cost are also contributing to the growth in the global market over the forecast period of 2021 to 2028. Also the rising need to reduce healthcare costs and arrival of large and complex healthcare datasets are also enhancing the growth of the market. Furthermore, the increasing need for lowering healthcare costs and growing importance of big data in healthcare is also one of the significant factors fueling the growth of the artificial intelligence in healthcare market. High adoption of precision medicine and declining hardware costs will make sure high industry growth over the forecast period.
The rising focus on developing human-aware AI systems as well as the increasing potential of AI-based tools for elderly care will further accelerate the expansion of the artificial intelligence in healthcare market and are also is offering significant growth opportunities for the market in the forecast period of 2021 to 2028.
However, the disinclination amongst medical practitioners to adopt AI-based technologies as well as dearth of skilled AI workforce and indistinct regulatory guidelines for medical software will curb the growth of the artificial intelligence in healthcare market, whereas the lack of curated healthcare data and growing concerns regarding data privacy have the potential to challenge the growth of the artificial intelligence in healthcare market.
This artificial intelligence in healthcare market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on artificial intelligence in healthcare market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Artificial Intelligence in Healthcare Market Scope and Market Size
Artificial intelligence in healthcare market is segmented on the basis of offering, technology, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on offering, the artificial intelligence in healthcare market is segmented into hardware, software and services. Hardware has further been segmented into processor, memory and network. Processor is further sub-segmented into MPU, GPU, FPGA and ASIC. Software has further been segmented into AI solutions and AI platform. AI solutions are further sub-segmented into on-premises and cloud. AI platform are further sub-segmented into machine learning framework and application program interface (API). Services have further been segmented into deployment and integration and support and maintenance.
- On the basis of technology, the artificial intelligence in healthcare market is segmented into machine learning, natural language processing, context- aware computing and computer vision. Machine learning is further been segmented into deep learning, supervised learning, reinforcement learning, unsupervised learning and others.
- On the basis of application, the artificial intelligence in healthcare market is segmented into robot-assisted surgery, virtual assistants, administrative workflow assistants, connected machines, diagnosis, clinical trials, fraud detection, cyber security and dosage error reduction.
- The end user segment of artificial intelligence in healthcare market is segmented into patients, pharmaceuticals and biotechnology companies, healthcare payers and others.
Artificial Intelligence in Healthcare Market Country Level Analysis
Artificial intelligence in healthcare market is analyzed and market size insights and trends are provided by country, offering, technology, application and end user as referenced above.
The countries covered in the artificial intelligence in healthcare market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the artificial intelligence in healthcare market owing to the well-established healthcare sector, high adoption of healthcare IT solutions and easy availability of funding for developing AI capabilities within the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rising number of AI start-ups, improving infrastructure for healthcare IT and steadily rising adoption of advanced technologies within this particular region.
The country section of the artificial intelligence in healthcare market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Artificial intelligence in healthcare market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for artificial intelligence in healthcare market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the artificial intelligence in healthcare market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Artificial Intelligence in Healthcare Market Share Analysis
Artificial intelligence in healthcare market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to artificial intelligence in healthcare market.
The major players covered in the artificial intelligence in healthcare market report are NVIDIA Corporation, Intel Corporation, IBM, Google LLC, Microsoft, General Vision Inc., GENERAL ELECTRIC COMPANY, Johnson & Johnson Services, Inc., Siemens Healthcare Private Limited, Medtronic, CloudMedx Inc., Agfa-Gevaert Group, Oncora Medical, Imagia Cybernetics Inc., Micron Technology, Inc., DeepMind Technologies Limited, Welcome AI, Koninklijke Philips N.V., Precision Health AI, and Cloud Pharmaceuticals, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Artificial Intelligence in Healthcare Market
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