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Global Artificial Intelligence (AI) in Healthcare Industry 2018 Market Analysis and Forecast Research Report

03-06-2019 10:58 AM CET | Health & Medicine

Press release from: Frank n Raf Market Research LLP

Artificial Intelligence (AI) in Healthcare Industry

Artificial Intelligence (AI) in Healthcare Industry

Frank n Raf’s, Artificial Intelligence in Healthcare Market Overview: Artificial intelligence (AI) can be defined as the science and engineering adopted to design intelligent machines, especially intelligent computer programs. AI is an intelligent system that encompasses various human intelligence-based tasks, such as logic, education and problem-solving skills such as biology, computer science, mathematics, linguistics, psychology, and engineering. AI is widely applied in medical management, treatment plans, and drug discovery. The worldwide AI in the healthcare market was valued at $1,441 million in 2016 and is approximated to reach at $22,790 million by 2023, registering a CAGR of 48.7% from 2017 to 2023.
The increase of the worldwide AI in the healthcare market is driven by the ability of AI to make better patient outcomes need to increase coordination between healthcare workforce & patients, rise in adoption of precision medicine, and a notable grow in venture capital investments. In addition, the increase in the importance of big information in healthcare is anticipated to fuel the market boost. Due to the growth of the AI system, the market is expected to moderate during the forecast period. In addition, technological progress in the AI system is expected to increase market growth. Expectations of aging are expected to present various opportunities for the expansion of market-oriented instruments and the emergence of emerging market emerging markets such as China and India. However, inappropriate regulatory scenario and reluctance in healthcare professionals to adopt AI-based technology are likely to hamper market growth.
Offering Segment Review
Based on the offer, the market is divided into hardware, software, and services. Software upgrades that meet the requirements of the healthcare sector are the most shared in the software division in 2016. It is estimated to see the highest growth rate of hardware segments during the forecast period.
Algorithm Segment Review
Based on the algorithm, it is classified into deep learning, querying method, natural language processing, and context-aware processing. Due to signal reduction, data mining and image recognition, an integral part of the AI protocol, the intensive education departments are forecast to grow at the highest CAGR during the period.

Global AI in Healthcare Market: Key Geographic Segment
• Based on the region, the AI in the healthcare market is divided into North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in the AI in the healthcare market in 2016 and is expected to retain its dominance throughout the forecast period.
• The report provides detailed competitive analysis and profiles of leading market players like Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Inc., Enlitic, Inc., Next IT Corporation, and iCarbonX.
• Other players in the value chain include Shimadzu Rickson Pharmaceuticals, Inc., Siemens Healthcare, General Electric (GE) Company, Koninklijke Phillips NV, CloudMadex, Inc. And Bay Labs, Inc.
Key Benefits for Stakeholders
• This report will be a detailed analysis of existing market trends from 2016 to 2023 so that current opportunities will be identified.
• Market forecasts are based on detailed analysis of important developments in the industry.
• The global market is widely analyzed in terms of offering, algorithms, applications, end users and areas.
• Geography-based intensive analysis helps in understanding the regional market for strategic business planning.
• Development policies being adopted by major manufacturers are designed to understand competitive scenarios in the market.

Artificial Intelligence (AI) in Healthcare Market Key Segments:
By Offering
• Hardware
• Software
• Service

By Algorithm
• 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 Provider
• Pharmaceutical & Biotechnology Company
• Patient
• Payer

By Geography
North America
• U.S.
• Canada
• Mexico

• Germany
• France
• UK
• Italy
• Spain
• Russia
• Netherlands
• Sweden
• Rest of Europe
• Asia-Pacific
• Japan
• China
• Australia
• India
• Singapore
• Rest of Asia-Pacific

• Brazil
• Turkey
• Saudi Arabia
• South Africa
• Rest of LAMEA

Enquire about Report at

Table of Content
• Introduction
• Executive Summary
• Market Overview
• Artificial Intelligence in Healthcare Market, By the Offering
• Artificial Intelligence in Healthcare Market, By the Technology
• Artificial Intelligence in Healthcare Market, By the Application
• Artificial Intelligence in Healthcare Market, By the End User
• Artificial Intelligence in Healthcare Market, By Region
• Company Profiles

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About Us:
Frank n Raf is one of the eminent companies in Market Research and Consulting Services headquartered in Pane, India and soon will be in The United States. In terms of market research and consulting services, we give our customers more choices. We provide deep and transparent industry insights, syndicated search reports, customized search reports, and excellence in the services we consult.

Contact Us:
Frank n Raf Market Research LLP
401 – ‘A’ Wing, Amar Synergy,
Sadhu Vaswani Chowk, Pune Station,
Pune – 411014
Maharashtra, India

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