openPR Logo
Press release

Artificial Intelligence (AI) In Healthcare Market to Reach at High CAGR In Upcoming Years with the latest Innovation of IBM Corporation, Google, General Vision, Microsoft Corporation, Next IT Corporation

02-17-2020 11:33 AM CET | Health & Medicine

Press release from: Allied Market Research

Artificial Intelligence (AI) In Healthcare Market

Artificial Intelligence (AI) In Healthcare Market

Robot assisted surgery segment contributed more than one-fourth of the total share in terms of revenue in 2019, and would continue to retain its lion's share through 2025. This is due to the improved precision of this technology to perform complex surgeries. However, the dosage error reduction segment would experience the highest CAGR of 50.3% from 2018 to 2023, owing to the warnings issued regarding calculation errors, incorrect medication orders, or mis-programming to prevent under- or over-delivery of a drug, electrolyte, or other fluids. The report also analyzes various applications such as virtual nursing assistant, administrative workflow assistance, fraud detection, clinical trial participant identifier, preliminary diagnosis, and others.

The leading market players analyzed in the research include Welltok, Inc., Nvidia Corporation, Intel Corporation, IBM Corporation, Google Inc., General Vision, Inc., Microsoft Corporation, Next IT Corporation, Enlitic, Inc., and iCarbonX. Various strategies including joint ventures, collaborations, expansions, partnerships, mergers & acquisitions, and others have been adopted by the market players to gain a strong position in the industry

Download Sample PDF Of Report@ https://www.alliedmarketresearch.com/request-sample/2421

Advancements in AI systems for enhanced AI capabilities, dearth of skilled workforce, and increase in applications of innovative screening methods drive the growth of the market. However, limitations related to decision making and low acceptance rate due to risk of misinterpretation and injuries hamper the market growth. On the other hand, technological advancements and untapped potential in developing economies would create new opportunities for the market.

Artificial Intelligence in Healthcare Market by Offering (Hardware, Software, and Services), Technology (Deep Learning, Querying Method, Natural Language Processing, and Context Aware Processing), Application (Robot-assisted Surgery, Virtual Nursing Assistant, Administrative Workflow Assistance, Fraud Detection, Dosage Error Reduction, Clinical Trial Participant Identifier, Preliminary Diagnosis, and Others), and End User (Healthcare Provider, Pharmaceutical & Biotechnology Company, Patient, and Payer): Global Opportunity Analysis and Industry Forecast, 2020-2027. The report offers detailed analyses of the driving forces & opportunities, key market segments, top investment pockets, key market positioning, and competitive landscape. As per the report, the "global AI in healthcare market generated $2.16 billion in 2017 and is expected to reach at $22.79 billion by 2023, registering a CAGR of 48.7% from 2017 to 2023."

Software segment to maintain its lion's share throughout the forecast period :

Software segment contributed nearly two-thirds of the total market share in 2017 and is expected to maintain its lion's share throughout the forecast period. This is due to its ability to offer early diagnosis and facilitate accurate & quality treatment. However, the hardware segment would register the fastest CAGR of 49.7% from 2018 to 2023, owing to the launch of innovative advanced hardware systems that offer improved efficiency. The services segment would witness steady growth during the forecast period.

Natural language processing segment to remain dominant through 2025:

Natural language processing segment accounted for nearly half of the total market share in 2017, owing to improvements in interaction between human and machines using AI applications. This segment would continue its dominance through 2025. However, the deep learning segment would grow at the highest CAGR of 52.0% from 2018 to 2023, owing to the rise in awareness about this technology in the healthcare sector. The report also analyzes the querying method and context aware processing segments.

Robot assisted surgery segment to lead in terms of revenue by 2025:

Robot assisted surgery segment contributed more than one-fourth of the total share in terms of revenue in 2017, and would continue to retain its lion's share through 2025. This is due to the improved precision of this technology to perform complex surgeries. However, the dosage error reduction segment would experience the highest CAGR of 50.3% from 2018 to 2023, owing to the warnings issued regarding calculation errors, incorrect medication orders, or mis-programming to prevent under- or over-delivery of a drug, electrolyte, or other fluids. The report also analyzes various applications such as virtual nursing assistant, administrative workflow assistance, fraud detection, clinical trial participant identifier, preliminary diagnosis, and others.

Healthcare providers segment to remain dominant by 2025:

Healthcare providers segment held a major share in 2017, contributing more than half of the total market revenue, owing to the rise in demand for information accuracy for patient safety, improvement in clinical outcomes, increase in aid reforms, and efforts to curb expenditure. This segment would remain dominant through 2025. However, the pharmaceuticals & biotechnology companies segment would register the highest CAGR of 49.7% from 2018 to 2023, owing to rise in the success rate of clinical trials and reduction in trial costs. The research also analyzes other end users, including patients and payers.

North America to lead in terms of revenue by 2025:

North America contributed nearly half of the total market share in 2017, owing to rise in adoption of AI technology, increased collaborations among market players, and surge in R&D activities. This region will continue to lead during the forecast period. However, Asia-Pacific region would grow at the fastest CAGR of 53.4% from 2018 to 2025, owing to the limited availability of skilled professionals in rural regions and heavy inflow of investments for advancement of AI technology.

Inquiry For Buying This Report@ https://www.alliedmarketresearch.com/purchase-enquiry/2421

Contact:

David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us:

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Copy
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 (AI) In Healthcare Market to Reach at High CAGR In Upcoming Years with the latest Innovation of IBM Corporation, Google, General Vision, Microsoft Corporation, Next IT Corporation here

News-ID: 1934062 • Views: 898

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Healthcare

Healthcare Staffing Market Crucial Players - Jackson Healthcare, Aya Healthcare, …
Global "Healthcare Staffing Market" is a comprehensive research that provides information regarding Healthcare Staffing market size, trends, growth, cost structure, capacity, revenue and forecast 2026. This report also includes the overall study of the Healthcare Staffing Market share with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Healthcare Staffing industry and provides data for making strategies to increase Healthcare Staffing market
Healthcare Analytics Market
Healthcare Analytics Market – Global Industry Analysis and Forecast (2017-2026) _ by Type, Component, Delivery Mode, Application, End-user and by Geography Healthcare Analytics Market is expected to reach USD 42.4 Billion by 2024 from USD 7.1 Billion in 2016 at a CAGR of 29.1%. This is a comprehensive global report focused on the current and future prospects of the Healthcare Analytics Market. This report is a consolidation of primary and secondary
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