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Artificial Intelligence in Medicine Market is expected to register a growth of 40.15% CAGR during the forecast period (2018-2023) | Major Players - Atomwise Inc., Ibm Watson Health, Cyrcadia Health Inc., Aicure Llc, Sense.Ly Inc., Berg Health, amongst oth

01-25-2019 02:43 PM CET | IT, New Media & Software

Press release from: Market Prognosis

Market Analysis:

North America to Dominate the Market
North American region has a well-developed healthcare and medicine system, which integrates the use of the latest technology. Thus, the need for efficient management and support in the country is high. Increasing amount of data and complexity of operations in the domain are challenging the resource management.

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AI in healthcare has been revolutionary, owing to the increase in the number of applications of AI in the industry. AI aids in patient care, providing a much more enhanced and effective experience for the concerned patient. Managing medical records and other data pertaining to the patients is being delegated to AI systems, which leads to efficient use of resources and reduction of monotony in the jobs. These systems also help in faster and more consistent access to data. Healthcare and medical budgets have been focused on increasing the technology penetration within the domain, owing to which there has been an increasing implementation of AI technologies. Patient care and management is expected to have the highest share owing to growing awareness among the applications of AI.

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Market Segments:
Artificial Intelligence in Medicine Market is segmented by:
1. Application: Disease Diagnosis and Identification, Patient Care (Customized Patient Care and Electronic Medical Records), Research and Drug Invention, Others (Epidemic Outbreak Prediction Etc.)
2. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January 2018: Inspirata, a cancer informatics and digital pathology workflow solutions acquired Artificial Intelligence in Medicine, Inc. with an aim of upgrading the analyzing techniques of the company.
• January 2018: Personalized medicine for idiopathic pulmonary fibrosis has been provided by NuMedii by new AI-powered drug delivery systems.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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