Press release
Artificial Intelligence in Healthcare Market Expected to Grow at a CAGR of 48.0% Recovering From Covid-19 Outbreak | Forthcoming Growth with Top Players Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc.
Artificial intelligence assists the machines to perform any task without human interventions. It uses different algorithms and software that help the machine to inculcate perception and reasoning for various situations. AI is widely applicable in the healthcare sector for various purposes such as drug discovery and precision medicine. In addition, it is used to analyze patient’s medical data, to predict disease onset, and personalize treatment provided to the patient. The global AI market was valued at $1,441 million in 2016, and is estimated to reach at $22,790 million by 2023, registering a CAGR of 48.0% from 2017 to 2023.The market growth is driven by rise in adoption rate of AI systems and delete technological advancements in the AI field. In addition, the ability of these systems to improve patient outcomes, increase in adoption of precision medicine, and increase in need for coordination between healthcare workforce & patients are expected to fuel the market growth.
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The leading Industry players profiled in the Artificial Intelligence in Healthcare Market include:
Welltok, Inc.
Intel Corporation
Nvidia Corporation
Google Inc.
IBM Corporation
Microsoft Corporation
General Vision, Inc.
Enlitic, Inc.
Next IT Corporation
iCarbonX
These players are focusing on several strategies including mergers and acquisition, collaborations, joint ventures, new product launches, and expansions to gain prominent position among other players in the market.
The AI market is segmented based on offering, technology, application, end user, and geography. On the basis of offering, the market is divided into hardware, software, and services. By technology, it is classified into deep learning, querying method, natural language processing, and context aware processing. Applications covered in the study include robot-assisted surgery, virtual nursing assistant, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, preliminary diagnosis, and others. According to end user, the market is categorized into healthcare provider, pharmaceutical & biotechnology company, patient, and payer Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Artificial Intelligence in Healthcare Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Artificial Intelligence in Healthcare Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Artificial Intelligence in Healthcare Market revenue by understanding the strategic growth approaches.
Key findings from this research report:
The report offers a quantitative and qualitative analysis of the current Artificial Intelligence in Healthcare Market trends, forecasts, and market size from 2020 to 2025 to identify new opportunities.
Porter's Five Forces analysis presents the strength of suppliers and buyers to enable stakeholders to plan effective strategic business decisions and identify the level of competition in the market.
Top impactful factors & major investment pockets are highlighted in the study.
The key countries in each region are analyzed including highlights on their revenue contribution.
The market player positioning segment offers an understanding of the present position of the market players active in the Artificial Intelligence in Healthcare Market.The research delivers detailed segmentation of the global Artificial Intelligence in Healthcare Market. Major segments analyzed in the research comprise battery type, application, and region. Extensive analysis of sales, growth rate, revenue, and market share of each FF and GG for the historic period as well as the forecast period is delivered with the help of graphical presentation like tables and charts.
The Artificial Intelligence in Healthcare market is analyzed on the basis of competitive landscape and region in each region is mentioned. Regions discussed in the research include North America (United States, Mexico, and Canada), Europe (Germany, UK, France, Italy, and Russia), Asia-Pacific (China, Korea, Japan, Southeast Asia, and India), South America (Brazil, Colombia, and Argentina), Middle East and Africa (UAE, Saudi Arabia, Nigeria, Egypt, and South Africa). These insights will help to set up strategies and create new opportunities to achieve outstanding results over the forecast period.
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Key Offerings from the Report:
The report delivers an extensive analysis of crucial growth strategies, opportunities, drivers, major segments, competitive landscape, and Porter's Five Forces analysis. This research is a helpful source of information for the industry players, investors, stakeholders, VPs, and new entrants to understand picture of the industry and determine next major steps to be taken for obtaining competitive advantage.
The report also delivers key drivers that are expected to drive the market growth in the global Artificial Intelligence in Healthcare Market. These insights will help the industry players to set up strategies to establish remarkable presence in the market. The extensive research also outlines limitations of the market. Highlights on key opportunities are mentioned to assist the industry players in deciding further steps by identifying potentials in unexplored regions.
COVID-19 Market Scenarios:
The emergence of COVID-19 has created several disturbances in smooth functioning of businesses including production, delayed delivery of raw materials, reduced population in workspaces, supply chain interruptions, price fluctuations, and reduced demand from end users and customers. However, researchers have managed to study about the recent strategies during pandemic to avert huge losses and contribute stability of the Global Artificial Intelligence in Healthcare Market. The report also mentions about the futuristic strategies and planning of the business owners post pandemic.
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Key offerings of the report:
Key drivers & Opportunities: In-depth analysis on key driving factors and opportunities in various segments for planning if effective strategies.
Current industry trends & forecasts: Comprehensive analysis on the recent trends, improvements, and forecasts for next years to take next effectual steps.
Segment analysis: Each segment analysis and major driving factors along with growth rate analysis and revenue forecasts.
Regional Analysis: Comprehensive analysis of each region will help the industry players to set up expansion strategies and enhance their market presence.
Competitive Landscape: Extensive highlights on each of the leading market players for correct competitive scenario and plan further steps accordingly.
Artificial Intelligence in Healthcare Market research report Other insights associated with Segmentation are:
The Artificial Intelligence in Healthcare Market research report offers an accurate analysis of the Product by Type of this business sphere which is split into:
Deep Learning
Querying Method
Natural Language Processing
Context Aware Processing
The Artificial Intelligence in Healthcare market document delivers information associated By Application gives market share, estimated product demand and predicted growth rate during the analysis:
Robot-assisted Surgery
Virtual Nursing Assistant
Administrative Workflow Assistance
Fraud Detection
Dosage Error Reduction
Clinical Trial Participant Identifier
Preliminary Diagnosis
Others
Table of Content
1 Introduction of Artificial Intelligence in Healthcare Market
1.1 Industry Overview
1.2 Scope of the Report
1.3 Assumptions
2 Executive Summary
3 Research Framework by Market Growth Insight
3.1 Data Mining
3.2 Data Validation
3.3 Primary Interviews
3.4 Data Sources List
4 Artificial Intelligence in Healthcare Market Overview
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Limitations
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Artificial Intelligence in Healthcare Market, By Product Type
Deep Learning
Querying Method
Natural Language Processing
Context Aware Processing
6 Artificial Intelligence in Healthcare Market, By Application
Robot-assisted Surgery
Virtual Nursing Assistant
Administrative Workflow Assistance
Fraud Detection
Dosage Error Reduction
Clinical Trial Participant Identifier
Preliminary Diagnosis
Others
7 Artificial Intelligence in Healthcare Market, By End User
Overview
8 Artificial Intelligence in Healthcare Market, By Geography
8.1 North America
8.2 Europe
8.3 Asia -Pacific
8.4 Latin America
8.5 Middle East and Africa
In the end, Artificial Intelligence in Healthcare industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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