Market Analysis and Insights:
The market for Global Artificial Intelligence in Healthcare was estimated to be worth USD 7.1 billion in 2021, and from 2022 to 2032, it is anticipated to grow at a CAGR of 38.45%, with an expected value of USD 181.79 billion in 2032.
The healthcare industry is witnessing significant growth in the adoption of artificial intelligence (AI) technology for various reasons. One key driving factor is the escalating need for precise and efficient diagnostic tools in healthcare.
AI-enabled medical imaging and diagnostic systems offer enhanced speed and accuracy in analyzing medical images, ultimately leading to better patient outcomes. Furthermore, there is a rising demand for personalized treatment plans, precision medicine, and patient-centric care, prompting the integration of AI into healthcare practices. By leveraging AI algorithms to analyze extensive patient data encompassing genomic information, medical histories, and lifestyle data, healthcare providers can identify unique patterns and tailor treatment strategies to cater to individual patient needs. Moreover, the increasing prevalence of chronic illnesses and the aging population are propelling the expansion of AI applications in healthcare. AI-driven predictive analytics tools play a crucial role in early disease detection and prevention, ultimately improving patient care management and reducing healthcare expenditures. Lastly, continuous advancements in machine learning, natural language processing, and robotics are driving the development of sophisticated AI-based healthcare solutions, further bolstering the market growth.
Artificial Intelligence in Healthcare Marke Scope:
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | USD 181.79 billion |
| Growth Rate | CAGR of 38.45% during 2022-2032 |
| Segment Covered | By Application, By End User, By Technology, By Offering, By Region. |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | IBM Corporation, Microsoft Corporation, Intel Corporation, NVIDIA Corporation, Google, General Electric Company, Siemens Healthineers, Koninklijke Philips N.V., Medtronic plc, and Amazon Web Services. |
Market Definition
The incorporation of highly sophisticated algorithms and machine learning methods in healthcare, commonly known as Artificial Intelligence (AI), aims to analyze intricate medical information. This technology aids healthcare professionals in disease diagnosis, treatment personalization, and enhancing patient results.
The utilization of Artificial Intelligence (AI) within the healthcare sector is considered pivotal as it poses the opportunity to transform the industry significantly and enhance patient outcomes. Through the analysis of extensive medical data, AI has the capability to support more precise and prompt disease diagnoses, resulting in timely interventions and effective treatment strategies. Surgical procedures can benefit from the enhanced accuracy offered by AI technologies, thereby diminishing the likelihood of errors and complications. Additionally, AI-driven algorithms are instrumental in the monitoring and prediction of health conditions, facilitating early detection and proactive intervention. The automation of administrative tasks is expected to foster improved efficiency and cost-effectiveness by streamlining workflow processes and reducing human errors. In essence, the incorporation of AI into healthcare has vast potential to bolster patient care quality and optimize healthcare operations.
Key Market Segmentation:
Insights On Key Application
Lifestyle Management & Remote Patient Monitoring
Lifestyle Management & Remote Patient Monitoring application is expected to dominate the Global Artificial Intelligence in Healthcare Market. This part focuses on utilizing AI technology to support lifestyle management and remote monitoring of patients. With the increasing demand for personalized healthcare solutions and the growing adoption of wearables and remote healthcare devices, the use of AI in monitoring and managing patients' health outside of traditional healthcare settings is set to witness significant growth. AI-powered tools can analyze data from wearables and other remote patient monitoring devices to provide real-time insights, proactive interventions, and personalized recommendations for improving health and well-being. As the need for remote patient monitoring and lifestyle management continues to rise, the Lifestyle Management & Remote Patient Monitoring part is expected to dominate the global AI in healthcare market.
Precision Medicine
Precision Medicine is another sector within the Application category that holds great potential in the Global Artificial Intelligence in Healthcare Market. Precision medicine focuses on tailoring medical treatment and interventions based on an individual's genetic, environmental, and lifestyle factors. AI algorithms can help analyze large and diverse datasets to identify patterns and make more accurate predictions about disease susceptibility, treatment response, and potential side effects. By leveraging AI technologies, precision medicine can facilitate targeted and personalized healthcare interventions, leading to more effective treatment outcomes and improved patient care. Given the increasing demand for personalized medicine and the advancements in genomic research, the Precision Medicine part is expected to have a significant impact on the global AI in healthcare market.
Patient Data & Risk Analysis
This sector within the Global Artificial Intelligence in Healthcare Market focuses on utilizing AI to analyze patient data comprehensively, identifying patterns, trends, and risks to enhance personalized patient care and improve health outcomes. By leveraging AI algorithms, healthcare providers can efficiently manage patient information, predict health risks, and tailor treatment plans to individual needs, ultimately leading to more effective healthcare delivery.
Medical Imaging & Diagnostics
In the realm of Medical Imaging & Diagnostics, AI plays a pivotal role in revolutionizing the interpretation of complex medical images like X-rays, MRIs, and CT scans. Through advanced algorithms, AI enables accurate and timely diagnosis of diseases, aiding healthcare professionals in early detection and precise treatment planning. This subsegment significantly enhances diagnostic accuracy, speeds up the diagnostic process, and contributes to improved patient outcomes.
Drug Discovery
The Drug Discovery subsegment harnesses AI technologies to streamline and accelerate the drug development process. By analyzing vast amounts of biological data, AI algorithms can identify potential drug candidates, predict drug interactions, and optimize treatment regimens. This application of AI in healthcare not only expedites the discovery of new drugs but also enhances the efficiency of clinical trials, leading to the development of innovative therapies for various medical conditions.
Virtual Assistants
Virtual Assistants powered by AI are transforming healthcare by providing personalized guidance, remote consultations, and efficient patient interactions. These AI-driven assistants offer patients real-time support, health advice, and appointment scheduling, enhancing accessibility to healthcare services. Virtual Assistants streamline administrative tasks, improve patient engagement, and contribute to a more patient-centric healthcare experience.
Wearables
The Wearables subsegment integrates AI technology into wearable devices to monitor vital signs, track health metrics, and provide real-time health insights to users. By collecting and analyzing continuous health data, wearables equipped with AI algorithms enable proactive health management, early detection of health issues, and personalized health recommendations. This subsegment empowers individuals to take control of their health and well-being through data-driven insights.
In-Patient Care & Hospital Management
AI applications in In-Patient Care & Hospital Management optimize hospital operations, resource allocation, and patient care delivery. AI systems assist healthcare facilities in managing patient flow, scheduling procedures, and ensuring efficient utilization of resources. By automating routine tasks, predicting patient needs, and enhancing operational efficiency, AI contributes to improved patient experiences and streamlined hospital management.
Research
The Research sector leverages AI to drive innovation, accelerate scientific discoveries, and enhance healthcare research outcomes. AI technologies support researchers in analyzing vast datasets, identifying patterns, and generating insights that advance medical knowledge and treatment options. By facilitating data-driven research, AI plays a crucial role in pushing the boundaries of medical science and improving healthcare practices.
Emergency Room & Surgery
AI applications in Emergency Room & Surgery enhance critical decision-making processes, optimize emergency care delivery, and improve surgical outcomes. AI algorithms assist healthcare professionals in triaging patients, predicting patient acuity, and guiding treatment decisions in emergency situations. In surgical settings, AI technologies support precision surgeries, reduce errors, and enhance patient safety, ultimately leading to better surgical outcomes and improved patient care.
Mental Health
The Mental Health subsegment utilizes AI to support mental health diagnosis, treatment, and patient management. AI-powered tools analyze behavioral patterns, assess mental health conditions, and provide personalized interventions to individuals. By offering virtual counseling, monitoring mental health trends, and delivering timely interventions, AI contributes to improved mental health outcomes, increased access to mental health services, and destigmatization of mental health issues.
Healthcare Assistance Robots
Healthcare Assistance Robots equipped with AI capabilities assist healthcare providers in patient care, medication management, and hospital logistics. These robots perform tasks like medication delivery, patient monitoring, and assistance in daily activities, enhancing operational efficiency and patient care quality. By automating routine tasks, reducing human error, and improving patient interactions, Healthcare Assistance Robots optimize healthcare delivery and contribute to a more patient-centered care environment.
Cybersecurity
The Cybersecurity sector focuses on safeguarding healthcare data, systems, and networks from cyber threats and breaches using AI-driven security solutions. AI algorithms detect anomalies, prevent unauthorized access, and mitigate cybersecurity risks in healthcare environments. By enhancing data protection, ensuring compliance with regulations, and fortifying healthcare IT infrastructure, AI-powered cybersecurity solutions play a critical role in maintaining the integrity and confidentiality of patient information.
Insights On Key End User
Hospitals & healthcare providers
Hospitals & healthcare providers are expected to dominate the Global Artificial Intelligence in Healthcare market. This is primarily due to the significant role they play in the implementation and utilization of AI technologies. Hospitals and healthcare providers have been at the forefront of adopting AI in various applications such as diagnostics, personalized medicine, patient monitoring, and administrative tasks. The use of AI in these settings has the potential to improve patient outcomes, enhance operational efficiency, and reduce healthcare costs. With their access to patient data and resources, hospitals and healthcare providers are well-positioned to leverage AI technologies effectively.
Healthcare Payers
Healthcare payers, such as insurance companies and Medicare/Medicaid, are an essential part of the healthcare ecosystem. While they may not dominate the Global Artificial Intelligence in Healthcare market, they are expected to play a significant role in its adoption. Healthcare payers can benefit from AI technologies in areas such as fraud detection, claims processing, risk assessment, and population health management. By leveraging AI, payers can streamline their operations, improve accuracy in processing claims, and identify patterns indicative of fraudulent activities. However, their influence may be limited compared to hospitals and healthcare providers.
Pharmaceutical & Biotechnology Companies
Pharmaceutical and biotechnology companies are also expected to have a significant presence in the Global Artificial Intelligence in Healthcare market. These companies can utilize AI in various stages of drug discovery and development, including target identification, lead optimization, clinical trial optimization, and post-marketing surveillance. By employing AI, pharmaceutical and biotech companies can accelerate their research and development efforts, identify new therapeutic targets, improve the efficiency of clinical trials, and enhance drug safety monitoring. Although they may not dominate the market, their involvement in AI-driven healthcare innovations is critical.
Patients
While patients play a vital role in the healthcare system, they are unlikely to dominate the Global Artificial Intelligence in Healthcare market. However, their active participation and acceptance of AI technologies are crucial for their successful implementation. Patients can benefit from AI-driven healthcare solutions in areas such as remote monitoring, personalized treatment plans, digital health applications, and telemedicine. Empowering patients with AI-enabled tools can lead to better health outcomes, increased accessibility, and improved patient engagement.
Others (ACOs & MCOs)
Accountable Care Organizations (ACOs) and Managed Care Organizations (MCOs) are additional players in the healthcare landscape. While they have a role to play in the adoption of AI in healthcare, they are not expected to dominate the market. ACOs and MCOs can leverage AI technologies to improve care coordination, optimize resource allocation, and enhance population health management. By using AI algorithms for risk stratification and predictive analytics, these organizations can identify high-risk individuals, design proactive interventions, and allocate resources efficiently. However, their influence may be secondary to that of hospitals, healthcare payers, pharmaceutical companies, and patients.
Insights On Key Technology
Machine Learning
Machine Learning is expected to dominate the Global Artificial Intelligence in Healthcare Market. Machine Learning technology enables systems to learn and improve from data without being explicitly programmed. In the healthcare industry, Machine Learning algorithms can analyze vast amounts of patient data to identify patterns and make accurate predictions for diagnosis, treatment, and patient care. The ability of Machine Learning to continuously learn and adapt makes it a powerful tool in improving the efficiency and effectiveness of healthcare operations, leading to better patient outcomes. With the increasing adoption of AI in healthcare, Machine Learning is expected to play a crucial role in driving innovation and transforming the industry.
Context-Aware Computing
Context-Aware Computing is another significant technology in the Global Artificial Intelligence in Healthcare Market. This technology enables AI systems to understand and respond to the context in which they are operating. In healthcare, Context-Aware Computing can help personalize patient care by considering factors such as patient history, environment, and real-time information. This part's ability to provide tailored recommendations and interventions based on individual patient needs makes it a valuable component of AI solutions in healthcare.
Natural Language Processing
Natural Language Processing is another prominent technology in the Global Artificial Intelligence in Healthcare Market. This technology enables AI systems to understand and interpret human language, enabling more efficient communication and interaction between humans and machines. In the healthcare industry, Natural Language Processing can help extract relevant information from medical records, enable voice-based interactions with virtual assistants, and support clinical decision-making by analyzing medical literature. The ability to analyze and understand unstructured data in the form of text and speech makes Natural Language Processing a critical part in the application of AI in healthcare.
Deep Learning
Deep Learning is also a significant technology in the Global Artificial Intelligence in Healthcare Market. This technology, inspired by the structure and function of the human brain, allows AI systems to learn and make predictions from complex, high-dimensional data. In healthcare, Deep Learning algorithms can analyze medical images, such as MRI scans and X-rays, to assist in diagnosis and treatment planning. The ability of Deep Learning to extract intricate features from images and make accurate predictions makes it a promising part in the field of medical imaging and diagnostics.
Querying Method
Querying Method is another technology in the Global Artificial Intelligence in Healthcare Market. This technology refers to the methods and techniques used to retrieve information from large datasets to support decision-making and analysis. In healthcare, querying methods can be used to extract meaningful insights from electronic health records, clinical databases, and health surveillance systems. The ability to efficiently search and retrieve relevant information from vast amounts of healthcare data makes querying methods an important part in the application of AI in healthcare.
Others
The Others category encompasses other emerging technologies and techniques that are being explored and developed in the field of AI in healthcare. These include areas such as robotics, virtual reality, and augmented reality. While these technologies show great potential, they are still in the early stages of development and may require further research and validation before their widespread adoption in the healthcare industry. Therefore, they are not expected to dominate the market at present, but their future impact cannot be disregarded.
Insights On Key Offering
Software
In the Global Artificial Intelligence in Healthcare Market, the Software sector is expected to dominate. Artificial intelligence software in healthcare offers a wide range of applications such as data analysis, patient monitoring, and clinical decision-making support. With advancements in machine learning algorithms and natural language processing systems, AI software can efficiently analyze large volumes of healthcare data, improving patient outcomes and streamlining healthcare processes. The demand for software solutions that can provide accurate diagnoses, automate administrative tasks, and personalize patient care is increasing, making it the dominant part in the Global Artificial Intelligence in Healthcare Market.
Hardware
While software is expected to dominate the Global Artificial Intelligence in Healthcare Market, the Hardware sector also plays a significant role. Hardware components such as sensors, processors, and storage devices are essential for implementing AI solutions in healthcare. These enable the collection and processing of large amounts of patient data, ensuring real-time monitoring and analysis. The hardware part supports the functionality and efficiency of AI software in healthcare, making it a crucial part of the market. Although not the dominating part, the demand for reliable and powerful hardware is essential for the successful adoption of AI technology in healthcare.
Services
In the Global Artificial Intelligence in Healthcare Market, the Services sector complements the domination of AI software. Services include consulting, deployment, training, and support for AI software implementation in healthcare settings. As organizations strive to adopt AI technology effectively, they require specialized expertise and guidance. Service providers assist in the integration, customization, and optimization of AI systems, enabling healthcare providers to leverage AI technology to its full potential. While not the dominating part, the services category forms an integral part of the market, ensuring seamless implementation and support for AI software solutions in healthcare.
Insights On Key Platform
Solutions
The Solutions platform is expected to dominate the Global Artificial Intelligence in Healthcare Market. Artificial Intelligence solutions in healthcare provide advanced technologies and algorithms that can analyze large sets of medical data, assist in diagnosis, develop treatment plans, and enhance patient care. These solutions offer various benefits such as improved accuracy, reduced medical errors, efficient data management, and personalized patient care. With the increasing adoption of AI technology in the healthcare sector, the demand for AI solutions is expected to witness significant growth, leading to the dominance of this part in the global market.
Services
The Services platform also plays a crucial role in the Global Artificial Intelligence in Healthcare Market. AI services in healthcare include deployment, integration, training, maintenance, and support. These services help healthcare organizations in implementing AI solutions effectively and efficiently. They assist in the smooth operation and maintenance of AI systems, ensuring optimal performance and utilization. Additionally, AI services provide training to healthcare professionals, enabling them to utilize AI technology effectively and harness its full potential. Although the Services part may not dominate the market, its importance cannot be overlooked as it complements the adoption and utilization of AI solutions.
Insights on Regional Analysis:
North America
North America is expected to dominate the Global Artificial Intelligence in Healthcare market. With advanced healthcare infrastructure, significant investments in research and development, and strong presence of key players in the region, North America has been at the forefront of adopting and integrating artificial intelligence (AI) in the healthcare sector. The region also benefits from favorable government initiatives and policies promoting AI adoption in healthcare, further driving market growth. Additionally, the high prevalence of chronic diseases, increasing healthcare expenditure, and growing demand for personalized and quality healthcare services are stimulating the adoption of AI in healthcare, thereby contributing to the dominance of North America in the global market.
Latin America
Latin America is experiencing a gradual uptake of artificial intelligence in healthcare. The region's market growth is driven by improving healthcare infrastructure, rising investments in AI technologies, and increasing collaborations between healthcare providers and tech companies. However, challenges such as limited access to advanced healthcare facilities and lower awareness about AI in healthcare are hindering the rapid adoption and growth of the market in Latin America.
Asia Pacific
Asia Pacific is witnessing rapid growth in the adoption of artificial intelligence in healthcare, driven by factors such as increasing healthcare expenditure, rising demand for quality healthcare services, and advancements in AI technology. Countries like China, Japan, and South Korea are leading the market in the region, fueled by large patient pools and strong government initiatives to promote AI in healthcare. However, challenges related to data privacy and security, along with the need for comprehensive regulations, are impacting the market growth in Asia Pacific.
Europe
Europe is emerging as a significant market for artificial intelligence in healthcare. Factors such as increasing investment in research and development, supportive government policies, and growing collaborations between healthcare organizations and AI technology providers are driving market growth in the region. Countries like the United Kingdom, Germany, and France are leading the adoption of AI in healthcare. However, data privacy concerns, regulatory challenges, and variations in healthcare systems across European countries pose certain barriers to market growth.
Middle East & Africa
The Middle East & Africa region is gradually embracing the use of artificial intelligence in healthcare. Factors such as increasing healthcare infrastructure development, rising investments in AI technologies, and growing awareness about the potential benefits of AI in healthcare are driving market growth in the region. Countries like Saudi Arabia, United Arab Emirates, and South Africa are spearheading the adoption of AI in healthcare. However, resource constraints, limited access to advanced medical technologies, and cultural barriers to AI implementation present challenges to the market's growth in the Middle East & Africa.
Company Profiles:
Prominent figures in the worldwide Healthcare Artificial Intelligence sector serve as essential catalysts in spearheading creativity and progressing AI capabilities to enhance patient care quality and treatment results. Their duties involve creating AI-infused remedies, engaging in investigative activities, and partnering with healthcare professionals to promote the integration of AI within the sector.
Prominent companies driving advancements in the Artificial Intelligence in Healthcare sector comprise IBM Corporation, Microsoft Corporation, Intel Corporation, NVIDIA Corporation, Google, General Electric Company, Siemens Healthineers, Koninklijke Philips N.V., Medtronic plc, and Amazon Web Services. These leading organizations are pivotal in advancing the application and incorporation of artificial intelligence systems within the healthcare domain. Their substantial involvement spans across research, pioneering initiatives, and the execution of AI-infused strategies aimed at improving patient care, diagnostic procedures, therapeutic interventions, and the comprehensive administration of healthcare services.
COVID-19 Impact and Market Status:
The global AI in Healthcare sector has witnessed a surge in the utilization of AI-powered solutions for diagnostic, monitoring, and research activities as a result of the Covid-19 pandemic, thereby contributing to the expansion of the market.
The COVID-19 outbreak has profoundly influenced the Artificial Intelligence (AI) sector in Healthcare. This global health crisis has hastened the acceptance and integration of AI tools within the healthcare domain. AI applications are being leveraged to analyze vast datasets in healthcare, aiding in monitoring and forecasting the virus's spread, optimizing resource management, and researching potential treatments and vaccines.
Furthermore, AI-driven chatbots and virtual assistants have played a pivotal role in patient triage and addressing inquiries, thereby lessening the workload on healthcare staff. However, the financial strains on healthcare providers resulting from the pandemic have impacted investments in AI technologies. Many healthcare institutions have redirected resources to address immediate medical needs, reducing available funds for AI investments, while disruptions in supply chains and restrictions on clinical trials have also hampered the progress of AI solutions in healthcare. Yet, despite these hurdles, the outlook for AI in the healthcare sector is promising in the long run, as the pandemic has spurred innovation and fostered the adoption of AI technologies.
Latest Trends and Innovation:
- In September 2019, Google's AI research division, DeepMind, announced its partnership with the UK's National Health Service (NHS) to develop an AI system for improving the diagnosis and treatment of eye diseases.
- In October 2020, NVIDIA, a leading technology company, launched the Clara Guardian platform, an AI-powered edge computing platform for healthcare providers. It enables real-time data processing and analytics for medical devices and applications.
- In November 2020, Microsoft announced the acquisition of Nuance Communications, a provider of conversational AI and cloud-based healthcare solutions, in a deal valued at approximately $19.7 billion.
- In January 2021, Amazon launched its own health and wellness service called Amazon Care, which incorporates AI-powered tools to provide virtual and in-person healthcare services to its employees.
- In February 2021, IBM Watson Health and the Cleveland Clinic entered into a 10-year partnership to develop AI-powered clinical decision support tools for improving patient care.
- In March 2021, Medtronic, a medical technology company, acquired Nutrino Health, an AI-based personalized nutrition platform, to enhance its capabilities in remote patient monitoring and digital health solutions.
- In April 2021, Philips acquired Capsule Technologies, a leading provider of medical device integration and clinical data management solutions, to expand its AI-powered patient monitoring and healthcare informatics offerings.
- In May 2021, Cerner Corporation, a healthcare technology company, announced its collaboration with Geisinger Health and Amazon Web Services (AWS) to develop an AI-powered model for identifying patients at risk of sepsis.
- In June 2021, Siemens Healthineers acquired Varian Medical Systems, a leader in cancer care solutions, to expand its AI-backed portfolio in radiation therapy.
- In July 2021, Verily, an Alphabet company, partnered with Novartis to develop an AI-powered biomarker platform for discovering and validating new targets for personalized therapies in ophthalmology.
Significant Growth Factors:
The expansion of Artificial Intelligence within the healthcare industry is propelled by its capacity to enhance patient results, improve diagnostic precision, and optimize healthcare operations using sophisticated data analysis and decision-making algorithms.
The healthcare industry's artificial intelligence (AI) sector is poised for substantial growth due to several significant factors. Firstly, the demand for advanced solutions to streamline healthcare operations and enhance patient outcomes is propelling the integration of AI technology in healthcare. AI systems have the capability to swiftly and accurately analyze extensive medical data, empowering healthcare professionals to make more precise decisions. Secondly, the increasing incidence of chronic illnesses and the aging population are creating a necessity for personalized healthcare approaches. AI algorithms play a crucial role in patient risk evaluation, disease identification, and treatment strategy design, ultimately improving patient care quality. Thirdly, the utilization of AI can lead to cost reductions by automating repetitive and time-intensive tasks, allowing healthcare providers to optimize resource allocation. Additionally, AI-driven tools can facilitate drug discovery and enhance the efficiency of clinical trials, expediting the development of novel therapies. Moreover, the fusion of AI with medical devices and wearables enables remote patient monitoring, enhancing the accessibility and convenience of healthcare services. Lastly, the expanding partnerships between technology firms and healthcare entities are driving the growth of the AI in healthcare market, fostering the advancement and adoption of cutting-edge AI solutions. In conclusion, these factors are steering the expansion of the AI in healthcare sector and are projected to sustain this growth trajectory in the foreseeable future.
Restraining Factors:
A significant challenge for the Artificial Intelligence in Healthcare Market lies in the requirement for substantial data and the associated privacy implications.
The potential for growth and innovation in the artificial intelligence (AI) healthcare sector is vast, although it faces several challenges. One significant issue is the insufficient measures in place to ensure data privacy and security.
Given the sensitivity and value of healthcare data, it becomes a prime target for cyber threats and unauthorized access. This has understandably raised concerns among both patients and healthcare providers regarding the safety and confidentiali.
Key Segments of the Artificial Intelligence in Healthcare Market
Application Overview
• Patient Data & Risk Analysis
• Medical Imaging & Diagnostics
• Precision Medicine
• Drug Discovery
• Lifestyle Management & Remote Patient Monitoring
• Virtual Assistants
• Wearables
• In-Patient Care & Hospital Management
• Research
• Emergency Room & Surgery
• Mental Health
• Healthcare Assistance Robots
• Cybersecurity
End User Overview
• Hospitals & Healthcare Providers
• Healthcare Payers
• Pharmaceutical & Biotechnology Companies
• Patients
• Others (ACOs & MCOs)
Technology Overview
• Machine Learning
• Context-Aware Computing
• Natural Language Processing
• Deep Learning
• Querying Method
• Others
Offering Overview
• Hardware
• Software
• Services
Platform Overview
• Solutions
• Services
Regional Overview
North America
• US
• Canada
• Mexico
Europe
• Germany
• France
• U.K
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
Middle East and Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa
Latin America
• Brazil
• Argentina
• Rest of Latin America
Frequently Asked Questions (FAQ) :
The forecast period in the report is from 2024 to 2032
The market value of artificial intelligence in healthcare market in 2032 was USD 181.79 billion.
The base year for the report is 2023 in artificial intelligence in healthcare market.
The global market for artificial intelligence in healthcare is expected to grow at a compound annual growth rate of 38.45%
The top companies that hold the market share in artificial intelligence in healthcare market are IBM Corporation, Microsoft Corporation, Intel Corporation, NVIDIA Corporation, Google, General Electric Company, Siemens Healthineers, Koninklijke Philips N.V., Medtronic plc, and Amazon Web Services.
North America dominated the market for AI in healthcare and accounted for the largest revenue share.