Artificial Intelligence in Healthcare Market is Boosted by increase in need of improvised healthcare services
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.
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Competitive Landscape and Artificial Intelligence in Healthcare Market Share Analysis
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.
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.
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Global Artificial Intelligence in Healthcare Market Scope and Market Size
- 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.
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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, 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.
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.
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