|01-09-2019 08:23 PM CET - Health & Medicine||
+48% CAGR Growth To Be Achieved By Artificial Intelligence In Medicine Market – Know About Its Top Growing Factors By Focusing Key Companies Like Welltok, Inc.. Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation
Press release from: The Research Insights
Artificial intelligence (AI) in medicine is used to analyze complex medical data by approximating human cognition with the help of algorithms and software. The development of novel pharmaceuticals and biological through clinical trials can take more than a decade and cost billions of dollars during that tenure period. AI technology can help to make this process faster and cheaper, which in turn is expected to help improve the efficiency of pharmaceutical and biotechnology companies.
The Global Artificial Intelligence in Medicine market estimated at a CAGR of 48% during forecast period.
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Companies Profiled in this Report Includes, Welltok, Inc.. Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Enlitic, Inc., BioXcel Corporation, Berg Health.
The growth of artificial intelligence in the pharmaceutical market is the lack of skilled medical professionals and the enhancement of the processing power of artificial intelligence systems, which is expected to help improve the efficiency of drug discovery and clinical trial management There is. It is expected that the importance of precision medicine will increase and market growth will be accelerated by increasing funds for research and development activities of artificial intelligence technology in medical field.
Artificial Intelligence in Medicine Market by Product Type (Hardware, Software, and Services), Technology (Deep Learning, Querying Method, Natural Language Processing, and Context Aware Processing), and Application (Drug Discovery & Repurposing, Clinical Research Trial, Personalized Medicine, and Others)
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However, the limited acceptance of healthcare professionals and the limitations of artificial intelligence decisions can hamper market growth. In addition, untapped market opportunities available in developing countries such as India and China open a new path to market growth during the forecast period.
Artificial Intelligence in Medicine market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.
Reason to Access Artificial Intelligence in Medicine Market Research Report:
Analysis of Artificial Intelligence in Medicine market and its upcoming growth prospects is been mentioned with maximum precision. This study includes an elaborative summary of market which also includes snapshots that offer depth of information of various other segmentations. Through qualitative and quantitative analysis of key factors which are responsible for boosting or hampering the market growth and the promising opportunities in market have been provide. Primary and secondary research is been done in detail which helps the readers have a strong understanding of the complete market for the forecast period.
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This release was published on openPR.
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