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Artificial Intelligence (AI) in Healthcare Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027

05-18-2021 01:01 PM CET | IT, New Media & Software

Press release from: Orion Market Research

The global market for AI in healthcare is projected to have a CAGR of around 51.5% during the forecast period. AI is the technology that combines the power of machine learning and deep learning technology used by many sectors including remote sensing, medical diagnosis, electronic trading, transportation, education, and others. It is one of the essential tools in the healthcare industry as it supports analysing complex medical data by utilizing software and algorithms. The AI-based technologies are also supported in detecting and preventing diseases in patients. Some of the factors attributing to the growth of the market include increasing demand for early and effective detection of diseases as people are becoming conscious regarding their health. Therefore, advanced AI technology supports in detecting the diagnosis of diseases on an early basis. Another factor being an increasing investment in healthcare to provide better healthcare facilities to patients that result in cost and time reduction of major surgeries.

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However, some factors are hindering the growth of the market that includes security concerns with technology as all the data is stored in a wide area network called IoT where leakage of information can take place along with loss of services. Additionally, there must be the availability of relevant data in order to make AI work and without such proper data it's impossible to make them work is another restraint for the market. Since there is a substantial increase in government funding, investment in R&D and venture capital is creating significant opportunities for the growth of the market.

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Market Segmentation
Global AI in Healthcare market by Product Type
• Hardware
• Software and Services

Global AI in Healthcare market by Application
• Diagnosis
• Biomarkers
• AI Enabled Hospital Care
• Drug Discovery
• Others (Remote Monitoring)

Global AI in Healthcare market by End-user
• Hospitals and Healthcare Facilities
• Personal Care
• Biotechnology and Pharmaceutical Companies

Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World

Company Profiles
• 3Scan, Inc.
• Atomwise, Inc.
• Amara Health Analytics Inc.
• Bay Labs, Inc.
• BioBeats Inc
• Cloudmedx inc.
• Google LLC
• General Electric Co.
• IBM Corp.
• Intel Corp.
• iCarbonX
• Johnson & Johnson Services Inc.
• Koninklijke Philips N.V.

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Media Contact:
Company name: Orion Market Research
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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