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What's driving the Artificial Intelligence in Healthcare Market Report? | Key Players are Intel Corporation, IBM, Microsoft, Google, NVIDIA, Medtronic, iCarbonX, Welltok, Inc., General Vision, Inc., Enlitic, Stryker
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Deep learning, natural language processing (NLP), querying method and context aware processing are some of the technologies used for AI in healthcare. The demand for NLP in healthcare has been growing mainly due to rise in unstructured clinical data. Since NLP technology extracts important clinical information from unstructured data and analyze it for enhancing processing and analytics.
The key end user of AI in healthcare market include healthcare providers, pharmaceutical and biotechnology companies, healthcare payers and patients. AI in healthcare is mostly utilized by the healthcare providers, mainly due to increasing concern towards improving hospital in-patient care, growing adoption of EHR in hospitals, small to medium sized clinics and ambulatory care centers.
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AI solutions for elderly care and growing emerging economies provide immense opportunities for players in the AI in healthcare market. AI solution for senior care help them to stay in their home longer, with the use of smart sensors their movement can be tracked, and vital signs can be monitored by nurse or a family member. Also, if any change in health conditions is observed the smart sensors alert the concerned members. Such technological solutions have high potential in the market due to growing aging populations which in turn spurs the demand of advanced solutions.
North America leads the global market due to presence of major AI providers including Intel Corporation, Google, Inc., IBM Corporation in the region. Other factors leading the market growth include, developed healthcare infrastructure, and growing aging population. Asia-Pacific is expected to witness the fastest growth during the forecast period. Increasing healthcare expenditure, continuously improving healthcare infrastructure due to growing medical tourism and growing aging population are the factors expected to support the growth of the Asia-Pacific AI in healthcare market.
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The competition is quite high in the global market as the players are focusing on developing advanced AI solutions for different healthcare application through partnership and collaborations.
Key players in the global AI in healthcare market include:
1- Intel Corporation
2- IBM
3- Microsoft
4- Google
5- NVIDIA
6- Medtronic
7- iCarbonX
8- Welltok, Inc.
9- General Vision, Inc.
10- Enlitic
11- Stryker
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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