Artificial Intelligence in Healthcare Market 2018 Global Key Players: Google, Inc., Intel Corporation, NVIDIA Corporation, iCarbonX, Microsoft Corporation, Next IT Corp., General Vision, Inc., General Electric Company

The Global Artificial Intelligence in Healthcare Market accounted for USD 703.4 million in 2016 growing at a CAGR of 53.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global Artificial intelligence in Healthcare market, By Geography; Technology (NLP, Context Aware Processing, Deep Learning, Querying Method); Offering (Hardware, Software, Services); Application (Patient Data and Risk Analysis, Medical Imaging & Diagnostics, Precision Medicine, Drug Discovery, Lifestyle Management & Monitoring, Virtual Assistant, Wearables, Inpatient Care & Hospital Management, Research); End-Users (Providers, Pharmaceutical & Biotechnology Companies, Payers, Patients, ACOS & MCOS) – Industry Trends and Forecast to 2024

Major Market Competitors:

Some of the major players of the global artificial intelligence in healthcare market are IBM Corporation, Google, Inc., Intel Corporation, NVIDIA Corporation, iCarbonX, Microsoft Corporation, Next IT Corp., General Vision, Inc., Welltok, Inc., Enlitic, Inc., General Electric Company, Recursion Pharmaceuticals, Stryker Corporation, Medtronic plc, Deep Genomics, Inc., Koninklijke Philips N.V., and Oncora Medical, Inc., and others.

Market Definition:

Artificial Intelligence (AI) is defined as the science and engineering of forming intelligent computer systems that are able to perform tasks without receiving instructions directly from humans. These computer systems use a number of different algorithms and decision-making capabilities, as well as vast amounts of data, to provide a solution or response to a request. There are number of applications within healthcare where can deliver incredible value is into pharmaceutical and biotechnology companies, payers, patients, ACOS and MCOS. Increasing internet usage and connected device may act as a major driver in artificial intelligence in healthcare market. On the other hand ambiguous regulatory guidelines for medical software may hamper the market.

Major Market Drivers& Restraints:

Increasing application in the field of genomics.
Imbalance between health workforce and patients.
Increasing internet usage and connected device.
Significant increase in venture capital investments.
Ambiguous regulatory guidelines for medical software.
Reluctance among medical practitioners to adopt AI based technologies.

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Market Segmentation:

The global artificial intelligence in healthcare market is segmented on the basis of technology into natural language processing (NLP), context aware processing, deep learning, querying method, and others.

The global artificial intelligence in healthcare market is also segmented on the basis of offering into hardware, software, and services. Software segment is further segmented into AI platform, solution, and others. Service segment is further segmented into deployment and integration, support and maintenance, and others.

On the basis of application the global artificial intelligence in healthcare market is segmented into patient data and risk analysis, medical imaging and diagnostics, precision medicine, drug discovery, lifestyle management & monitoring, virtual assistant, wearables, inpatient care and hospital management, research, and others.

On the basis of end user the global artificial intelligence in healthcare market is further segmented into providers, pharmaceutical and biotechnology companies, payers, patients, ACOS and MCOS.

On the basis of geography, global artificial intelligence in healthcare market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis:

The report for artificial intelligence in healthcare market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

Research Methodology:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your inquiry.

Some of the key research methodologies used by DBMR Research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.

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