openPR Logo
Press release

Artificial Intelligence in Healthcare Market In Healthcare Market Worth $27.6 Billion By 2025

06-05-2019 09:31 AM CET | Health & Medicine

Press release from: Meticulous Research®

Artificial Intelligence in Healthcare Market In Healthcare

The global healthcare artificial intelligence market is expected to grow at a CAGR of 43.5% from 2018 to reach $27.6 billion by 2025. The high growth of Artificial Intelligence (AI) in healthcare market is mainly attributed to factors such as rising funding in healthcare artificial intelligence, growing demand of precision medicines, effective cost reduction in the healthcare expenditure, and accurate & early diagnosis of the chronic diseases and disorders. However, reluctance in adopting AI technologies among the end users and lack of trust & potential risks associated with AI in healthcare is restricting the growth of this market to a certain extent.

The global artificial intelligence market in healthcare study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2025-by product (hardware, software, and services), technology (natural language processing (nlp), context aware processing, machine learning, and querying method), application (medical imaging and diagnosis, patient data and risk analytics, hospital workflow management, drug discovery, patient management, precision medicine, and other applications), and end user (hospital & diagnostic centers, pharmaceutical and biotechnology companies, healthcare payers, patients, and other end users). The study also evaluates industry competitors and analyzes the market at regional and country level.

Browse in-depth Report on :

On the basis of product, software segment commanded the largest share of the global artificial intelligence market in healthcare in 2018. However, services segment is expected to grow at a fastest CAGR during the forecast period, owing to the technology developments in Healthcare IT industry. Moreover, many of the global healthcare IT companies, medical device companies, and technology providers are continuously focusing on developing AI-based solutions for the healthcare industry.
On the basis of technology, the natural learning process commanded the largest share of the global market in 2018. Major factors propelling the growth of NLP technology is the rising adoption of NLP in clinical documentation and automated coding in claims submissions. On the other hand, the use of AI in drug discovery and development applications is also supporting the growth of the healthcare AI market among pharma and biotech companies, CROs, and other non-healthcare provider end-user segments.
On the basis of application, hospital workflow management accounted for the largest share of the global market in 2018. The large share of this segment is mainly attributed to greater penetration of AI-powered chatbots and smart speakers among healthcare providers. Increasing adoption of AI-based solutions for managing various tasks such as scheduling appointments; checking insurance coverage parameters; instantly accessing information about drug interactions and side effects are some of the key factors driving the growth of this market.
In 2018, hospitals and diagnostics centers end user segment accounted for the largest share of the global artificial intelligence market in healthcare. Rising adoption of IT in healthcare organizations, increasing focus towards development of precision medicine approaches, and increasing number of collaborations among hospitals and companies for the development and implementation of customized AI solutions are some of the major factors attributed to the large share of this end user segment.

Request for a sample of this research report @ -

This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and RoAPAC), Latin America, and Middle East & Africa. North America commanded the largest share of the global artificial intelligence market in healthcare in 2018, followed by Europe and Asia Pacific. However, Asia Pacific region is expected to grow at a higher CAGR during the forecast period. Growth in this market is expected to be driven by rise in adoption of precision medicine, and remarkable growth in venture capital investments. In addition, significant use of big data in the healthcare sector is expected to fuel the market growth. The growing technological innovation and demand from China is the primary driver for healthcare AI market in the APAC region.
The major players operating in the global artificial intelligence market in healthcare are General Electric (GE) Company (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), Nvidia Corporation (U.S.), Microsoft Corporation (US), iCarbonX (China), Enlitic, Inc. (U.S.), General Vision Inc. (U.S.), Alphabet Inc. (U.S.), Verint Systems (U.S.), and Welltok, Inc. (U.S.) among others.

Contact Info:
Contact Sales- +1-646-781-8004

Office No-202, 203,204,205,206;
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

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 Artificial Intelligence in Healthcare Market In Healthcare Market Worth $27.6 Billion By 2025 here

News-ID: 1764866 • Views: 459

More Releases from Meticulous Research®

Online Language Learning Market Worth $10.5 Billion by 2025
Meticulous Research®– leading global market research company published a research report titled “Online Language Learning Market by Product (Course, Solution, Support), Type (English, French, Spanish, Mandarin, Arabic, Japanese, Italian, German), End (Individual, Corporate, Educational Institution, Government Institution)- Global Forecast to 2025”. According to this latest publication from Meticulous Research®, the global online language learning market is expected to grow at a CAGR of 13.1% from 2019 to reach $10.5 billion
Flexible packaging market|Ongoing Trends and Recent Developments |Major Key Play …
Meticulous Research® –leading global market research company published a research report titled “Flexible Packaging Market by Material (Plastics, Paper, Aluminum Foil, Bioplastics), Design (Stand-Up Pouch, Spouted Pouch, Gusseted Bags, Rollstocks, Blister, Wrap) – Global Forecast to 2023”. Enquire Before Buying @ According to this latest publication from Meticulous Research®, the global flexible packaging market is expected to grow at a CAGR of 3.7% from 2018 to 2023 to reach USD 243.7 billion
USD $2,281.0 million, Healthcare/Medical Simulation Market | key players are Lae …
The global healthcare/medical simulation market will grow at a CAGR of 15.0% from 2017 to 2022 to reach USD $2,281.0 million by 2022, according to this latest publication from Meticulous Research®. The healthcare/medical simulation market will be driven by the growing need to curtail mounting healthcare costs which is primarily attributed to the shortage of healthcare professional, increased healthcare spending, increased administrative expenses, changing lifestyle choices, availability of high end
Latest Research On Dental CAD/CAM Systems And Consumables Market Worth 2,138.9 U …
Dental CAD/CAM systems and consumables market is expected to grow at a CAGR of 8.7% during the forecast period to reach USD 2,138.9 million by 2022, according to the latest publication from Meticulous Research. Enquire Before Buying @ Dental CAD/CAM systems have been developed and upgraded in recent times for fabrication of all ceramic restorations. The materials and processes are rapidly evolving, thus giving dental professionals better treatment options. The global

All 5 Releases

More Releases for Healthcare

Home Healthcare Services Business has been getting popular in the market, and people are preferring the home healthcare services over hospitals because of the reliable, affordable and convenient services. The costly hospital charges, linked with the doubtful insurance companies denying to give total compensation to patients, therefore, patients are now moving towards the home healthcare services. Qualified, licensed healthcare professionals attend ill or disabled citizens. There are numbers of services in
Healthcare Asset Management Market
The report “Global Healthcare Asset Management Market Size study, by Technology (Mergers & Acquisitions Advisory, Debt Capital Markets Underwriting, Equity Capital Markets Underwriting), by Component (Hardware, Software, Services), by Application (Staff Management, Equipment Tracking, Patient Tracking, Supply Chain Management), by End-User (Hospital, Laboratory, Pharmaceutical, Bio-Technology) and Regional Forecasts 2018-2025”, The objective of the study is to define market sizes of different segments & countries in recent years and to forecast
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
Healthcare IT
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