New Study Reports : AI in Healthcare Market target to Reach $22.79 Billion by 2023
Artificial intelligence (AI) can be defined as the science and engineering adopted to design intelligent machines, especially intelligent computer programs.
AI is widely applicable in medication management, treatment plans, and drug discovery. The global AI in healthcare market was valued at $1,441 million in 2016, and is estimated to reach at $22,790 million by 2023, registering a CAGR of 48.7% from 2017 to 2023.
Request Sample Report @ https://www.alliedmarketresearch.com/request-sample/2421
The growth of the global AI in healthcare market is driven by the ability of AI to improve patient outcomes, need to increase coordination between healthcare workforce & patients, increase in adoption of precision medicine, and a notable rise in venture capital investments. In addition, rise in importance of big data in healthcare is expected to fuel the market growth. The market is expected to witness a moderate growth during the forecast period, owing to rise in adoption of AI systems. Furthermore, technological advancements in AI systems are anticipated to augment the market growth. Prospective of AI-based tools for elderly care and the untapped potential of emerging markets, such as China and India, are expected to present various opportunities for market expansion. However, an imprecise regulatory scenario and reluctance among healthcare professionals to adopt AI-based technologies are expected to hamper the market growth.
Offering Segment Review
On the basis of offering, the market is divided into hardware, software, and services. The software segment occupied the highest share in 2016, owing to continuous software innovation that caters to the requirement in the healthcare sector. The hardware segment is projected to witness the highest growth rate during the forecast period.
Algorithm Segment Review
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.
Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/2421
Global AI in healthcare Market: Key Geographic Segment
Based on region, the AI in healthcare market is divided into North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in the AI in healthcare market in 2016, and is expected to retain its dominance throughout the forecast period.
Key Findings of the Artificial Intelligence (AI) in Healthcare Market:
• Dosage error reduction is projected to grow at the highest rate during the analysis period.
• North America dominated global AI in healthcare market in 2016, and is projected to continue its dominance in future.
• China is expected to grow highest in the Asia-Pacific region during the forecast period.
• Pharmaceuticals & Biotechnology Companies is the fastest growing segment among the end user in 2016.
• Hardware segment is expected to be the fastest growing segment during the forecast period.
The report provides extensive competitive analysis and profiles of key market players, such as Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Inc., Enlitic, Inc., Next IT Corporation, and iCarbonX.
The other players in the value chain include Shimadzu Recursion Pharmaceuticals, Inc., Siemens Healthineers, General Electric (GE) Company, Koninklijke Philips N.V., Cloudmedx, Inc., and Bay Labs, Inc.
For More Info Visit @ https://www.alliedmarketresearch.com/press-release/artificial-intelligence-in-healthcare-market.html
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release New Study Reports : AI in Healthcare Market target to Reach $22.79 Billion by 2023 here
News-ID: 1604514 • Views: 275
More Releases from Allied Market Research
U.S. Surplus Lines Insurance Market Size Projected to Hit $125.9 Billion by 2027 …
According to a recent report published by Allied Market Research, titled, "U.S. Surplus Lines Insurance Market by Coverage, Distribution Model, and Application: Country Opportunity Analysis and Industry Forecast, 2020-2027," the market was valued at $52.1 billion in 2019, and the U.S. surplus lines insurance market size is projected to reach $125.9 billion by 2027, growing at a CAGR of 15.2% from 2020 to 2027. Some of the major players operating in
Reed Sensor Market 2019–2026: Revenue Projections and Industry Insights | Stan …
Allied Market Research published the latest report, titled "Reed Sensor Market by Type (Dry-Reed Sensor, Mercury-Wetted Reed Sensor) and Application (Automotive, Transportation, Consumer Electronics, Robotics & Automation, Telecommunications, Healthcare, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, reed sensor market is expected to witness significant growth during the forecast period due to surge in need for technological advancements in the sensors. The emergence of high-tech
Umbrella Market 2020 to Witness a Pronounce Growth During COVID-19 Crisis with D …
Umbrella also is known as parasol is an object used for protection against rain and sunlight. Umbrellas are usually designed for protection from rain whereas parasol is specifically designed and used to block the sunlight. Umbrellas are hand-held portable devices which come in different sizes, shapes, colors, and designs. These have been used since the seventeenth century and are considered as an essential accessory by most of the people. Canopy,
Forage Seed Market Size, Industry Analysis by Leading Key Players, Development a …
The global Forage Seed Market was valued at $11,683 million in 2015 and is projected to reach $20,646 million by 2022, growing at a CAGR of 8.50% from 2016 to 2022. In 2015, the alfalfa product segment held approximately more than one-fourth of the total market. Forage seeds are the edible parts of plants widely utilized for livestock feeding. Alfalfa, clover, chicory, ryegrass, lablab, and fescue are some of the popular
More Releases for Healthcare
Healthcare Staffing Market Crucial Players - Jackson Healthcare, Aya Healthcare, …
Global "Healthcare Staffing Market" is a comprehensive research that provides information regarding Healthcare Staffing market size, trends, growth, cost structure, capacity, revenue and forecast 2026. This report also includes the overall study of the Healthcare Staffing Market share with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Healthcare Staffing industry and provides data for making strategies to increase Healthcare Staffing market
Healthcare Mobile App Business
The steady recent advancements in functioning capabilities of a mobile app have made a tremendous change and progression in the healthcare and healthcare technology sector. Today’s Healthcare mobile apps include various services and features that have increased the usage of both the diagnosis and healing process. Also, rising technologies like blockchain and AI now integrating with many mobile applications. The total market size of the mobile health industry is expected
Global Healthcare Information Systems Market By Key Players: Philips healthcare, …
Qyresearchreports include new market research report Global Healthcare Information Systems Market Size, Status and Forecast 2025 to its huge collection of research reports. This report studies the global Healthcare Information Systems market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Healthcare Information Systems market by companies, region, type and end-use industry. Healthcare information technology proffers solutions for security and data management of information related
Home Healthcare Market
Home Healthcare offers a wide range of healthcare services given from home for the treatment of disease or injury. The diverse industry includes infusion services, home skilled nursing and physical therapy and is often referred as home medical care. The home care services are usually less expensive, highly convenient to the patients, equally effective to the hospital care units or skilled nursing facility. The ultimate goal of home health care
Patient flow management solutions are used to track the records, information of the patient or the flow of equipment between organizations, and also to manage the patient reception, routing, and queuing. The solutions use real-time data inputs in combination with analytical and statistical software to design effective workflow. The healthcare centers or organizations are upgrading the patient flow management solutions to improve cost management and better utilization of their resources.
Global Healthcare Transportation Services Market 2017 : ProHealth Care, Molina H …
Global Healthcare Transportation Services Market 2016-2017 A market study based on the " Healthcare Transportation Services Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Healthcare Transportation Services Market 2017’. The research report analyses the historical as well as present performance of the Global Healthcare Transportation Services industry, and makes predictions on the future status of Healthcare Transportation Services market on the basis of