AI in Healthcare Market 2019: Global Industry Analysis Report to 2025

The global artificial intelligence in healthcare market size reached $2.5 billion in 2018 and is expected to grow at an average annual growth rate (CAGR) of 41% from 2019 to 2025. Growing demand for lowering healthcare costs, increasing the importance of big data The growing adoption of precision medicine in healthcare and declining hardware costs are some of the drivers of growth. Also, the increased applicability of AI-powered tools in the healthcare sector and increased venture capital investment may be due to the surge in demand for this technology. For example, CarePredict, Inc. uses AI technology to monitor changes in behavior patterns and activities to detect health problems early.

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Key Companies & Market Share Insights

Investments in R&D, collaborations with other industry participants, and service differentiation are among the key strategies adopted by these players for gaining a competitive edge. For instance, in February 2019, IBM Corporation announced 10-year partnerships, including an investment of USD 50 million in AI research, with Vanderbilt University Medical Center and Brigham and Women’s Hospital. Some of the prominent players in the artificial intelligence in healthcare market include:

• IBM Corporation
• NVIDIA Corporation
• Nuance Communications, Inc.
• Microsoft
• Intel Corporation
• DeepMind Technologies Limited

AI in Healthcare Market: Research Scope

By Component

• Software Solutions
• Hardware
• Services

By Application

• Robot-assisted Surgery
• Virtual Assistants
• Administrative Workflow Assistants
• Connected Machines
• Diagnosis
• Clinical Trials
• Fraud Detection
• Cybersecurity
• Dosage Error Reduction

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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by AI in Healthcare Market Report

• What was the AI in Healthcare Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of AI in Healthcare Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the AI in Healthcare Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.