Artificial Intelligence in the Healthcare market is further estimated to grow at a CAGR of 48.73% from 2018 to reach USD 9269.97 Million by the year 2023

Global Artificial Intelligence in the Healthcare Market was valued at USD 856.42 Million in the year 2017. Global Artificial Intelligence in the Healthcare market is further estimated to grow at a CAGR of 48.73% from 2018 to reach USD 9269.97 Million by the year 2023. North America region holds the highest market share and is considered as the fastest growing market in the forecasted period.The market in North America is expected to have the largest market share due to the presence of major vendors and increase in adoption of associated services. The US is a major contributor to the growth of the AI in healthcare market in North America. As the geriatric population in North American countries is growing, there is a need for faster diagnosis.

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IBM Corporation (US), Intel Corporation (US), Google, Inc. (US), NVIDIA Corporation (US), Microsoft Corporation (US), General Vision, Inc. (US) and Enlitic, Inc. (US), are some of the key players in the Global Artificial Intelligence in the Healthcare market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:
Increase in processing power of AI systems leading to enhanced AI capabilities
Dearth of skilled healthcare professionals

Restraints:
Limitations of AI decision-making
Ambiguous Regulatory Guidelines for Medical Software

Opportunities:
Significant Growth Opportunities of Emerging Markets Such as India, China, and Brazil

Challenges:
Lack of Curated Healthcare Data
Concerns Regarding Data Privacy

The Global Artificial Intelligence in the Healthcare Market is segmented on the basis of offerings, algorithm, by application, by end-users and region. On the basis of offering, the market is divided into hardware, software, and services. The software segment occupied the highest share in 2017, owing to continuous software innovation.

Based on algorithm, it is classified into deep learning, querying method, natural language processing, and context aware processing. The deep learning segment is projected to grow at the highest CAGR during the forecast period, owing to increase in use of signal reduction, data mining, and image recognition, which are integral components of most AI protocols.

Key Benefits for Stakeholders
Chipset companies
Healthcare software players
Doctors and hospitals
Technology providers
Software solution providers

By Offerings
Hardware
Software
Services

By Technology
Deep learning
Querying method
Natural language processing
Context aware processing

By Application
Robot-assisted surgery
Virtual nursing assistant
Administrative workflow assistance
Fraud detection
Dosage error reduction
Clinical trial participant identifier
Preliminary diagnosis
Others

By End User
Healthcare providers
Pharmaceuticals & biotechnology companies
Patients
Payer

By Region
North America
Europe
Asia-Pacific
RoW

Key Market Players
Alphabet Inc. (Google Inc.)
Intel Corporation
NVIDIA CORPORATION
Koninklijke Philips N.V.
IBM Corporation
Microsoft Corporation
General Vision, Inc.
Enlitic, Inc.
Next IT Corp.
Welltok, Inc.
(A brief overview of 10 companies is also provided in the report.)

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1. Introduction
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Limitations
1.3 Stakeholders

2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.1.1. Key Data from Secondary Research
2.1.2. Primary Research
2.1.2.1. Key Data from Primary Research
2.1.2.2. Breakdowns of Primary Interviews
2.2. Market Size Estimation
2.2.1. Bottom-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption

3. Executive Summary

4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards

5. Industry Trends
5.1. Introduction
5.2. Porters Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry

6. Artificial Intelligence in the Healthcare Market, By Offerings
6.1 Hardware
6.2 Software
6.3 Services

7. Artificial Intelligence in the Healthcare Market, By Technology
7.1 Deep learning
7.2 Querying method
7.3 Natural language processing
7.4 Context aware processing

8. Artificial Intelligence in the Healthcare Market, By Application
8.1 Robot-assisted surgery
8.2 Virtual nursing assistant
8.3 Administrative workflow assistance
8.4 Fraud detection
8.5 Dosage error reduction
8.6 Clinical trial participant identifier
8.7 Preliminary diagnosis
8.8 Others

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