Remarkable Healthcare Artificial Intelligence Market Growth and Industry Analysis with Future Opportunity by Keyplayers- AiCure, APIXIO, Inc., Atomwise, Inc., Butterfly Network, Inc., Cyrcadia Health Inc., Enlitic, Inc., IBM (Watson Health), iCarbonX, Ins

Healthcare Artificial Intelligence Market size was valued at USD 1.3 billion in 2018 and is expected to witness 41.7% CAGR from 2019 to 2025.

Growing application of artificial intelligence in the field of drug discovery, medical imaging industry, precision medicine and genomics coupled with increasing personalized treatments customized to an individual patient’s requirement will drive the global market. Rising demand for artificial intelligence technology to perform data mining and accelerate the speed of healthcare delivery services, emergence of novel and promising applications for disease diagnosis and monitoring will further augment the market growth in forthcoming years.

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Healthcare Artificial Intelligence Market, By Application

Drug discovery segment accounted for USD 345.0 million in 2018 and is anticipated to have significant growth during the forecast timeframe. Drug discovery is one of the recent applications of artificial intelligence that has transformed drug discovery process and can be used to cut the cost of production for new drug development. Astra Zeneca recently entered into collaboration with Berg, a Boston based specialist in artificial intelligence for drug discovery. Such ongoing initiatives from industry players are bound to have positive impact on industry growth.

Hospital workflow segment held considerable revenue share in 2018 and is anticipated to witness 40.6% CAGR during the forecast period. Increasing adoption of artificial intelligence technology for collection of data of patient to support decision making in hospital workflow has significantly improved outcomes, reduced wait times and costs that will enhance segmental growth in forthcoming years.

Competitive Market Share

Some of the key industry players operational in the healthcare artificial intelligence market include AiCure, APIXIO, Inc., Atomwise, Inc., Butterfly Network, Inc., Cyrcadia Health Inc., Enlitic, Inc., IBM (Watson Health), iCarbonX, Insilico Medicine, Inc., Lifegraph, Modernizing Medicine, Pathway Genomics Corporation, Sense.ly, Sophia Genetics, Welltok and Zebra Medical Vision Ltd. Leading players operational in healthcare artificial intelligence industry adopt several strategic initiatives such as mergers, partnerships, collaborations, acquisitions, new product launch and geographical expansions that will allow the companies to sustain market position. For instance, in March 2017, IBM announced global strategic partnership with Salesforce for delivering joint solutions to the companies to make smarter decisions using artificial intelligence. Partnerships with strong leaders will foster company’s growth.

On the basis of technology, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Machine learning,
• Querying method, and
• Natural language processing

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Healthcare Artificial Intelligence for each application, including
• Robot-assisted surgery,
• Virtual nursing assistant,
• Dosage error reduction,
• Clinical trial,
• Preliminary diagnosis, and
• Automated image diagnosis

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Reasons to buy
- What are the key changes happening in the Healthcare Artificial Intelligence Company?
- What players are making significant new moves in the Organisation?
- Are there any opportunities arising out of major industry trends?
- What new products are starting to gain traction with consumers?
- What threats might hit the major players over the coming years?

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