The artificial intelligence in healthcare market size is projected to grow from USD 13.82 billion in 2022 to USD 164.10 billion by 2029, exhibiting a CAGR of 42.4% during 2022-2029. North America accounted for a market value of USD 4.72 billion in 2021.
Fortune Business Insights Published the Latest global Artificial Intelligence in Healthcare Market Study by in-depth analysis of the current scenario, the Market size, demand, industry growth pattern, trends, and forecast period 2023-2030. The Artificial Intelligence in Healthcare Market Size business report’s clear, reliable, and thorough market data and information will undoubtedly aid in business development and boost return on investment (ROI). The region that is predicted to generate the greatest potential in the global Artificial Intelligence in Healthcare Market is estimated in the market analysis. It determines if the market competition will alter at all throughout the forecasted timeframe. Key company activities including product planning, new product development, distribution route planning, and sales force growth frequently depend on these data.
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Market Overview:
Artificial Intelligence to Offer Extended Opportunities for Healthcare Treatment
Artificial intelligence is also generally known as machine intelligence. Artificial intelligence in healthcare focuses on providing solution for resolving complex conditions with the assistance of smart algorithms along with the analysis of present medical data. In the part of healthcare, artificial intelligence offers proficiency in robotic surgeries, effective patient-physician communication, record storing and retrieval clinical trial participant identifier and others. Extensive research and development in artificial intelligence is providing abundant opportunities in healthcare activities. For instance, in 218, General Electric launched a newly designed AI platform, known as Edison platform, which holds the capability to manage the data generated by medical imaging as well as it will help hospitals to develop their own customized algorithms. The rising demand for effective smart intelligence systems with the focus on resolving complex conditions is predicted to drive the global artificial intelligence in the healthcare market. In addition, rising population of patients and speedily increasing prevalence of chronic diseases is anticipated to impel the adoption for artificial intelligence in healthcare, which in turn will boost the growth of the artificial intelligence in the healthcare market in the forthcoming year.
Key Top Companies Profile:
- Amazon.com, Inc. (U.S.)
- Microsoft Corporation (U.S.)
- NVIDIA Corporation (U.S.)
- Alphabet Inc. (U.S.)
- Hewlett Packard Enterprise Company (U.S.)
- Intel Corporation (U.S.)
- Siemens AG (Germany)
- General Electric Company (U.S.)
- Allscripts Healthcare Solutions, Inc. (U.S.)
- UnitedHealth Group, (Optum Inc.) (U.S.)
Market Competitor Analysis:
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Artificial Intelligence in Healthcare Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last 3 years, and key development in the past five years.
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Regional Analysis:
North America Leads the Global Market
Geographically, the global artificial intelligence in the healthcare market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is leading the global market followed by Europe and are expected to grow at a significant rate during the forecast period. Factors such as rising acceptance and growing integration of artificial intelligence and healthcare to resolve complex medical conditions is predicted to fuel demand for advanced systems among hospitals hence, propelling growth of the artificial intelligence in healthcare market in the region.
Key Factors:
✤ Business Description: A thorough account of the operations and divisions of the company.
✤ Company Strategy: A synopsis of the company’s business strategy by an analyst.
✤ SWOT Analysis: A thorough examination of the company’s opportunities, threats, weaknesses, and strengths.
✤ Company History: The development of significant company-related events.
✤ Main Products and Services: A list of the key products, services, and brands offered by the business.
✤ Key competitors: A list of the main rivals of the business.
✤ Financial ratios in detail for the previous five years: The most recent financial ratios are taken from annual financial statements published by businesses with a minimum of a five-year history.
Segmentation:
By Platform
- Solutions
- Services
By Application
- Robot-Assisted Surgery
- Virtual Nursing Assistant
- Administrative Workflow Assistance
- Clinical Trials
- Preliminary Diagnosis
- Others
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