Press release
Artificial Intelligence in Healthcare Market Outlook 2017-2025 by Global Top Players - IBM Corporation, Google, Inc., NVIDIA Corporation, Microsoft Corporation, iCarbonX, Next IT Corp., CloudMex Inc., Atomwise Inc., Zephyr Health Inc., Medtronic Plc.
Artificial Intelligence in Healthcare Market
Artificial intelligence is expected to aid in improving preventative care with the help of big data crunch and study of all the factors associated with disease diagnosis and treatment approach and assessment of the same. Physicians can take better decisions associated with treatment by relying on relevant data provided by artificial intelligence technologies. These technologies include algorithms, computer vision, machine learning, image recognition, speech recognition, cognitive computing, semantic web, and natural language processing. Features of artificial intelligence include pattern identification, management of big data, and eliminating bias. Artificial Intelligence capability heavily depends on the quantity and quality of data accessible to the technology, and hence, the growth in the market is dependent on its accessibility to such data.
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Market Dynamics:
Increasing application of AI technologies, from pharma drug development to patient care is expected to support growth of artificial intelligence in healthcare market. Moreover, increasing number of collaborations among leading AI vendors and life sciences companies may help in rapid introduction of AI in medical devices and drug development. Pharmaceutical organizations can speed up the process of drug development, from drug discovery to commercialization, by using artificial intelligence. It can aid in development of personalized medicine. It is also increasingly being used for applications in advanced disease management such as cancer diagnosis and treatment, as studies have suggested that artificial intelligence may detect breast cancer spread to lymph nodes.
For instance, Researchers from MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL), Harvard Medical School and Massachusetts General Hospital collaborated to apply AI in detection and diagnosis of breast cancer. The model developed by these scientists correctly diagnosed 97% of the cases. Artificial intelligence holds major potential in medical imaging and diagnosis of the diseases. Therefore, government organizations are increasing research in this field. For instance, In October 2017, National Clinical Research Center for Cancer (NCRCC) in China signed a deal with the Institute of Computing Technology under the Chinese Academy of Sciences (CAS), in order to use artificial intelligence in medical imaging.
Detailed Segmentation:
Global Artificial Intelligence in Healthcare Market, By Solution:
Hardware
Software & Services
Global Artificial Intelligence in Healthcare Market, By Technology:
Speech Recognition
Querying Method
Natural Language Processing
Machine Learning
Context Aware Processing
Global Artificial Intelligence in Healthcare Market, By Application:
Imaging & Diagnostics
Drug Discovery
Lifestyle Management & Monitoring
Emergency Room & Hospital Management
Insights & Risk Analytics
Wearables
Virtual Assistants
Others
Global Artificial Intelligence in Healthcare Market, By End User:
Hospitals
Pharmaceutical Organizations
Diagnostic Centers
Clinics
Global Artificial Intelligence in Healthcare Market, By Geography:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles:
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