Overview:

The global AI in healthcare market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Artificial intelligence (AI) is a smart program or technology designed for machines to perform various tasks that actually requires human intelligence. The combination of artificial intelligence with healthcare system is referred as artificial intelligence (AI) in healthcare.

Market Dynamics:

Increasing demand for improved healthcare services and emergence of advanced technology among peer industries are key factors driving growth of the global artificial intelligence (AI) in healthcare market. Also, growing volume of database in the healthcare field is another key factor expected to propel target market growth in the near future.

In addition, rising innovation in the healthcare field such as implementation of personalized treatments is resulting in need of AI in healthcare. Growing patient pool, rising healthcare spending, and rising investment in development of AI in healthcare are some other factors expected to drive growth of the global market in the forecast period.

Moreover, increasing application area of artificial intelligence in healthcare for example, continuous health monitoring, preservation of medical history, particular treatment related issues, and personalized treatment options is expected to fuel growth of the global AI in healthcare market in the near future.

Key Trends:

Growing investment in the field of AI in healthcare is a major trend observed in the global AI in healthcare market. For instance, in Viz.ai – a healthcare AI company has announced in July 2018 that, the company has raised US$ 21 Mn funding, which was led by Kleiner Perkins and Google Ventures (GV). This kind of investment is expected to fuel growth of the target market over the forecast period.

Regional Analysis:

For detailed understanding of market dynamics, the global AI in healthcare market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently North America dominates the global market with largest market share and is expected to maintain its dominance throughout the forecast period. Strong presence of key market players in the region and increasing adoption of AI technology in healthcare sector are key factors driving the market growth in the region. Additionally, availability of required structure and skilled professionals is another important factor supporting North America AI in healthcare market.

However, Asia Pacific AI in healthcare market is expected to witness high growth in the forecast period. Growing patient population and rising investment in healthcare sector in countries in the region are key factors expected to propel target market growth in the near future.

Scope of the Report:

Detailed Segmentation:

Global AI in Healthcare Market, By Offering:

• Hardware
• Software
  • On-premises
  • Cloud

Global AI in Healthcare Market, By Technology:

• Machine Learning
• Natural Language Processing
• Context-Aware Computing
• Computer Vision

Global AI in Healthcare Market, By Application:

• Robot-assisted Surgery
• Virtual Nursing Assistant
• Fraud Detection
• Administrative Workflow Assistance
• Preliminary Diagnosis
• Clinical Trials
• Other Applications (Wearable’s, Dosage Error Reduction, Precision Medicine, and Research)

Global AI in Healthcare Market, By End User:

• Healthcare Facilities
• Pharmaceutical and Biotechnology Companies
• Patients
• Others (Healthcare Payers, ACOS, and MCOS)

Key Players Covered:

Key players operating in the global AI in healthcare market includes IBM Corporation, NVIDIA Corporation, Intel Corporation, Google LLC, Microsoft Corporation, Siemens Healthineers AG, Medtronic Plc, Cloudmex Inc., Oncora Medical, Inc., and Micron Technologies.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global AI in Healthcare Market by offering, technology, application, end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global AI in healthcare market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.