Artificial Intelligence in Healthcare Research Industry 2019 by NVIDIA Corporation, Intel Corporation, IBM, Google, Microsoft, General Vision, GENERAL ELECTRIC, Siemens Healthcare Private Limited, Medtronic, CloudMedx Inc., Imagia Cybernetics

The report aims to provide an overview of Artificial Intelligence in Healthcare Market along with detailed segmentation of the market by component, device, application, and major global geographical regions. Artificial Intelligence in Healthcare Market is expected to witness growth during the forecast period due to growing demand at the end-user level. This report gives an edge to not just compete but to outmatch the competition. The report provides with CAGR value fluctuation during the forecast period of 2019-2026 for the Artificial Intelligence in Healthcare Market. This report also contains all the drivers and restraints with the help of SWOT analysis for the Artificial Intelligence in Healthcare Market.

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Global Artificial intelligence in Healthcare Market By Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context- Aware Computing, Computer Vision), Applications (Robot- Assisted Surgery, Virtual Nursing Assistant, Administrative Workflow Assistance, Fraud Detection, Dosage Error Reduction, Clinical Trial Participant Identifier, Preliminary Diagnosis), End- Use Application (Patient Data and Risk Analysis, Inpatient Care & Hospital Management, Medical Imaging & Diagnostics, Lifestyle Management & Monitoring, Virtual Assistant, Drug Discovery, Research, Healthcare Assistance Robots, Precision Medicine, Emergency Room & Surgery, Wearables, Mental Health), End- User (Hospitals and Providers, Patients, Pharmaceutical and Biotechnology Companies, Healthcare Payers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Key Market Competitors: Global Artificial Intelligence in Healthcare Market

Few of the major competitors currently working in the artificial intelligence in healthcare market are:

• NVIDIA Corporation,
• Intel Corporation,
• IBM,
• Google,
• Microsoft,
• General Vision,
• GENERAL ELECTRIC,
• Siemens Healthcare Private Limited,
• Medtronic,
• CloudMedx Inc.,
• Imagia Cybernetics Inc.,
• Precision Health Intelligence, LLC.,
• Cloud Pharmaceuticals, Inc.

Market Analysis: Global Artificial Intelligence in Healthcare Market

Global Artificial Intelligence in Healthcare Market is expected to rise from its initial estimated value of USD 2.07 billion to an estimated value of USD 54.10 billion by 2026, registering a CAGR of 50.37% in the forecast period of 2019-2026. Increasing demand for reducing the healthcare cost is the major factor for the growth in this market.

Market Definition: Global Artificial Intelligence in Healthcare Market

Artificial Intelligence in healthcare uses software and algorithms which is used to analyze human cognitive functions. In simple words, computer techniques are used by the professional to suggest treatments and to perform clinical diagnoses. Cancer, neurology and cardiology are the major diseases areas that use AI tools. AI tool help to give accurate output to their end- user. Diagnosis processes, treatment protocol development, drug development, personalized medicine etc. are some of the practices where AI programs are used.

Key Developments in the Market:

• In November 2018, GE Healthcare at radiological society of North America announced the launch of its new Edison artificial intelligence platform that will have new applications and software that will help the hospitals and health systems to develop algorithms and manage data.

• In January 2019, Alliance for Artificial Intelligence in Healthcare (AAIH) was launched officially. It is a nonprofit organization whose aim is to develop and implement artificial intelligence in healthcare. The main aim is to increase AI in the healthcare industry and engendered enthusiasm and hope in consumers and patients.

Market Drivers

• Due to imbalance between health workforce and patients, there is demand for improvised healthcare services which is driving the market.

• Increase in the partnerships and collaborations worldwide.

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Segmentation: Global Artificial Intelligence in Healthcare Market

By Offering

• Hardware
• Software
• Services

By Applications

• Robot- Assisted Surgery
• Virtual Nursing Assistant
• Administrative Workflow Assistance
• Fraud Detection
• Dosage Error Reduction
• Clinical Trial Participant Identifier
• Preliminary Diagnosis

By Technology

• NLP
• Context Aware Processing
• Deep Learning
• Querying Method

By End- Use Application

• Patient Data and Risk Analysis
• Inpatient Care & Hospital Management
• Medical Imaging & Diagnostics
• Lifestyle Management & Monitoring
• Virtual Assistant
• Drug Discovery
• Research
• Healthcare Assistance Robots
• Precision Medicine
• Emergency Room & Surgery
• Wearables
• Mental Health

By End- User

• Hospitals and Providers
• Patients
• Pharmaceutical and Biotechnology Companies
• Healthcare Payers

By Geography

• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa

Competitive Analysis: Global Artificial Intelligence in Healthcare Market

Global artificial intelligence in healthcare market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of artificial intelligence in healthcare market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report:

• Current and future of artificial intelligence in healthcare market outlook in the developed and emerging markets

• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

• Regions/Countries that are expected to witness the fastest growth rates during the forecast period

• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

• All segmentation provided above in this report is represented at country level

• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Opportunities in the market report

1. Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.

2. Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.

3. Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.

4. Extensive analysis of the key segments of the industry helps in understanding the trends in types of Artificial Intelligence in Healthcare Market across Europe.

5. Extensive analysis of the key segments of the industry helps in understanding the trends in types of Artificial Intelligence in Healthcare Market across Global.

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