Artificial Intelligence in Healthcare Market : Is Slated To Witness Tremendous Growth To 2020 – 2026 | Top Players- General Vision, GENERAL ELECTRIC, Siemens Healthcare Private Limited
Artificial Intelligence in Healthcare Market research report provides a profound overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. This marketing report is very crucial in several ways for business growth and to thrive in the market. These strategies mainly include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in this market. An influential Artificial Intelligence in Healthcare Market report not only lends a hand for intelligent decision making but also better manages marketing of goods and services which leads to growth in the business.
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.
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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.
- Due to imbalance between health workforce and patients, there is demand for improvised healthcare services which is driving the market.
- Increase in the partnerships and collaborations worldwide.
- Lack in the skilled AI professional is the major factor restraining the growth of this market.
- The unwillingness among the medical practitioners to adopt AI technology is other factor which is restraining the market.
Artificial Intelligence in Healthcare Market Country Level Analysis:
The countries covered in the Artificial Intelligence in Healthcare Market report are U.S., Canada and Mexico in North America, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Brazil, Argentina and Rest of South America as part of South America South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa (MEA) as a part of Middle East and Africa (MEA).
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Leading Artificial Intelligence in Healthcare manufacturers/companies operating at both regional and global levels:
NVIDIA Corporation, Intel Corporation, IBM, Google, Microsoft, , General Vision, GENERAL ELECTRIC, Siemens Healthcare Private Limited, Medtronic, CloudMedx, Imagia Cybernetics, Precision Health Intelligence, Cloud Pharmaceuticals,
Key points of the report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides five-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
Reasons to Purchase this Report:
- Current and future of artificial intelligence in healthcare market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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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.
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