These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture capitalists in understanding the companies better and make informed decisions. Some of the key players in the Healthcare Artificial Intelligence market are Shimadzu Recursion Pharmaceuticals Inc., Siemens Healthineers, IBM Watson Health, Pathway Genomics, AiCure, Atomwise and Cyrcadia Health, General Electric (GE) Company, Koninklijke Philips N.V., Cloudmedx Inc., Bay Labs Inc,.
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The Global Healthcare Artificial Intelligence Market is expected to grow USD XX Million at a CAGR XX% between the forecast periods i.e. 2017 to 2025. The market owing to increasing digitalization in the global healthcare industry, acceptance towards new advanced technologies, Increase in the average disposable income and growing awareness about Healthcare Artificial Intelligence are the factors that drive this market.
Need of precision medicine, precise healthcare operations and need of big data for monitoring patients will create opportunities in the global healthcare artificial intelligence market. North America is estimated to dominate the market during the forecast period is due to the fact that the government and local AI based companies provide big digits investments and rising awareness towards the healthcare Artificial Intelligence. Moreover, Asia Pacific will show the highest growth rate because of improving information storage capacity and growing computing power. However, rise in the cost of overall treatment and more concern about data safety will be a challenge for the Healthcare Artificial Intelligence industry. Limited skilled professionals and lack of reimbursement policies will hamper the growth or be a restraint for the market to grow.
Artificial Intelligence is gaining prominence due to its data driven applications such as voice and image recognition. Artificial Intelligence in Healthcare offers a huge investment opportunity to the tech giants and government to come up with high data volume and improvement in data storage.
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The global market size estimation for the Healthcare Artificial Intelligence has been provided in terms of value (USD million). The report gives detailed micro and macroeconomic factors and mandate regulations for this market. The global Healthcare Artificial Intelligence market report also identifies major market leaders and provides a detailed analysis of the company overview, products & services, Financials, market trends, growth strategies and recent developments.
Different Solutions Insights
The Global Healthcare Artificial Intelligence market is segmented by type, end user, application and region. The global market by type is sub-segmented into hardware, software and solutions. The Hardware is estimated to grow at a CAGR ~60% during the forecast period due to owing CPU’s and GPU’s that provide high computing capabilities which is used while extracting data and performing task.
The global market by type is sub-segmented into Deep Learning, Querying Method, Natural Language Processing and Context Aware Processing. Additionally, deep learning is projected for the largest market both in terms of value and volume. It will dominate during the forecast period. Deep Learning is gaining prominence due to its complex and data driven applications such as voice and image recognition.
The global market by application is sub-segmented into Robot-assisted Surgery, Virtual Nursing Assistant, Administrative Workflow Assistance, Fraud Detection, Dosage Error Reduction, Connected Machines, Clinical Trial Participant Identifier, Preliminary Diagnosis, Automated Image Diagnosis and Cyber security. Robot-assisted Surgery and Virtual Nursing Assistant will dominate the market and accounted for more than 35% of the total market.
In terms of regions, the global Healthcare Artificial Intelligence market is segmented by North America, South America, Europe, Asia-Pacific and Middle East & Africa. North America will dominate the market in terms of both value and volume due to rapidly growing health industry and trend of acceptance new advanced techniques. North America will dominate the market throughout the forecast period. The embracing cloud based services in the U.S. and Canada contributing for the regional market growth.
Major players in the global Healthcare Artificial Intelligence market are Shimadzu Recursion Pharmaceuticals Inc., Siemens Healthineers, IBM Watson Health, Pathway Genomics, AiCure, Atomwise and Cyrcadia Health, General Electric (GE) Company, Koninklijke Philips N.V., Cloudmedx Inc., Bay Labs Inc,. Artificial Intelligence technique in healthcare manufacturers and suppliers, Service providing companies in healthcare, Healthcare experts and consultant, VC’s and investing firms, AI service providers, Software and cloud service providers are the best suited target audience for the global healthcare artificial intelligence market.
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The key benefit of this report:
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* Market Trends, drivers, challenges, opportunities and threats in the market
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* Observe the forecast period using Porter’s five forces, Pestle analysis and Value chain analysis
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Table of Content
- Executive Summary
- Demographic Overview
- Research Methodology
- Market Dynamics (SWOT Analysis)
- Premium Insights
- Market Overview
- Market Factor Analysis
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- Global Electric Vehicle Market by Application
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- Competitive Analysis
- Company Profiles
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