Press release
Growth of the Artificial Intelligence (AI) in Healthcare Market - Microsoft Corporation, Intel Corporation, General Electric Company, Google LLC, Medtronic PLC, NVIDIA Corporation
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Software, services, and hardware are the various offerings of the industry, among which software has held the largest AI in healthcare market share historically. This was due to the surging requirement for AI solutions based on software in the healthcare industry and rising number of IT firms offering the same. For instance, Nuance Communications offers the Dragon Medical One software, which uses natural language processing (NLP) to create an electronic health record (EHR) from a physician’s speech. Apart from Nuance Communications, global IT giants such as IBM, Google, and Microsoft also offer AI solutions for the medical sector.
Presently, North America holds the largest AI in healthcare market share, due to the advanced healthcare sector, surging usage of healthcare IT (HIT) solutions, and growing funding for the development of such solutions. Among the regional countries, the U.S. has been the larger revenue contributor to the industry, and the situation in the coming years would be the same. This is primarily owed to the supportive government initiatives for the usage of digital platforms in the life sciences niche, and technological enhancements.
AI in Healthcare Market Competitive Landscape
To stay on top of the competition, the major AI in healthcare market players are adopting technological research and development (R&D), collaborations, and mergers and acquisitions as the key business strategies. For instance, IBM Corporation announced 10-year partnerships with Brigham and Women’s Hospital and Vanderbilt University Medical Center, for the advancement of AI applications in the healthcare niche, in February 2019.
Browse full report at@ https://www.psmarketresearch.com/market-analysis/artificial-intelligence-in-healthcare-market
Other key players in the domain are Microsoft Corporation, Intel Corporation, General Electric Company, Google LLC, Medtronic PLC, NVIDIA Corporation, iCarbonX, Koninklijke Philips NV, Welltok Inc., Next IT Corp., Recursion Pharmaceuticals, General Vision Inc., Stryker Corporation, Enlitic Inc., Oncora Medical Inc., and Deep Genomics Inc.
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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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