Global Artificial Intelligence (AI) in Medicine Market to Reach $18,119 Million by 2025 | Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Inc.

The global artificial intelligence (AI) in medicine market was valued at $719 million in 2017 and is estimated to reach $18,119 million at a CAGR of 49.6% from 2018 to 2025. Artificial intelligence (AI) can be defined as a system with human intelligence-based functioning involving reasoning, learning, and problem-solving skills. AI software and different algorithms can be used to support the decision-making processes for existing drugs and repurposing drugs to treat other conditions in the field of pharmaceuticals. In addition, AI software can also be used to find the appropriate patient from several data sources, which in turn is expected to accelerate the clinical trials process.

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Increase in the processing power of AI systems and shortage of skilled healthcare professionals is projected to drive the growth of the global artificial intelligence in medicine market. In addition, rise in funding of the R&D activities related to AI in medicine and growth in importance of precision medicine are expected to fuel the market growth. However, limitations of AI decision-making and limited acceptance from healthcare professionals can restrain the market growth. The presence of untapped market opportunities in emerging regions such as India and China, can provide new avenues for the growth of the artificial intelligence in medicine market.

The global artificial intelligence in medicine market is segmented based on product type, technology, application, and region. Based on product type, the market is segmented into hardware, software, and service. Based on technology, the market is classified into deep learning, querying method, natural language processing, and context aware processing. Based on application, the market is categorized into drug discovery & repurposing, clinical research trial, personalized medicine, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY MARKET BENEFITS FOR STAKEHOLDERS
o This report entails a detailed quantitative analysis of the current market trends from 2018 to 2025 to identify the prevailing opportunities.
o Market estimations are based on comprehensive analysis of the key developments in the industry.
o The global market is comprehensively analyzed with respect to product type, technology, application, and region.
o In-depth analysis based on region assists to understand the regional market to help in strategic business planning.
o The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.

KEY MARKET SEGMENTS
By Product Type
o Hardware
o Software
o Service

By Technology
o Deep Learning
o Querying Method
o Natural Language Processing
o Context Aware Processing

By Application
o Drug Discovery & Repurposing (Preclinical Phase)
o Clinical Research Trial
o Personalized Medicine
o Others

KEY PLAYERS PROFILED
o Welltok, Inc.
o Intel Corporation
o Nvidia Corporation
o Google Inc.
o IBM Corporation
o Microsoft Corporation
o General Vision, Inc.
o Enlitic, Inc.
o BioXcel Corporation
o Berg Health.

The other players of the artificial intelligence in medicine market include (companies not profiled in the report):
o InSilico Medicine, Inc.
o Globavir Biosciences, Inc.
o GNS Healthcare
o Flatiron Health
o Benevolent AI
o Atomwise
o Verge Genomics
o Cloud Pharmaceuticals
o Recursion Pharmaceuticals

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