Artificial Intelligence in Medicine Market is Projected to Reach US$ 99,638.1 Million by 2028| IBM Watson Health, Google Health, Microsoft Healthcare

LOS ANGELES, United States: The artificial intelligence (AI) in medicine market is a rapidly growing sector that combines healthcare and technology to improve patient outcomes and streamline medical processes. The market is expected to see significant growth in the coming years, as more healthcare providers and medical researchers turn to AI solutions to enhance their practices and develop new treatments.

There are a variety of applications for AI in medicine, including medical imaging, diagnosis and treatment planning, drug discovery, and personalized medicine. AI tools can help healthcare professionals analyze large amounts of data, such as patient records and medical images, to identify patterns and make more accurate diagnoses. They can also assist with treatment planning by predicting how patients will respond to certain medications or therapies.

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Artificial Intelligence in Medicine estimated at US$ 15,103.1 million in the year 2022, is projected to reach a revised size of US$ 99,638.1 million by 2028, growing at a CAGR of 36.95% during the forecast period 2022-2028.

The USA market for Artificial Intelligence in Medicine is estimated to increase from US$ 4,236.3 million in 2022 to reach US$ 30,723.7 million by 2028, at a CAGR of 33.07% during the forecast period of 2022 through 2028.

The China market for Artificial Intelligence in Medicine is estimated to increase from US$ 1,027.7 million in 2022 to reach US$ 18,664.3 million by 2028, at a CAGR of 52.32% during the forecast period of 2022 through 2028.

The Europe market for Artificial Intelligence in Medicine is estimated to increase from US$ 4,999.1 million in 2022 to reach US$ 30,659.6 million by 2028, at a CAGR of 35.29% during the forecast period of 2022 through 2028.

The global key companies of Artificial Intelligence in Medicine include IBM, NVIDIA, Microsoft, AWS, Intel Corporation, GE Healthcare, Siemens Healthineers, Medtronic, and Atomwise, etc. In 2021, the global top five players had a share approximately 26.44% in terms of revenue.

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Key Players Mentioned in the Global Artificial Intelligence in Medicine Market Research Report:

NVIDIA

Intel

IBM

Google Health

Microsoft

AWS

GE Healthcare

Siemens Healthineers

Medtronic

Atomwise

Zebra Medical Vision

Cyrcadia Health

AiCure

Alibaba

BPGbio

Medasense Biometrics

Hindsait

Dell

SAP

Our market analysts are experts in deeply segmenting the global Artificial Intelligence in Medicine market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Artificial Intelligence in Medicine market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Artificial Intelligence in Medicine market and plan powerful business tactics to secure a position of strength in the industry.

Global Artificial Intelligence in Medicine Market Segment by Type

Hardware

Software

Services

Global Artificial Intelligence in Medicine Market Segment by Application

Auxiliary Diagnosis

Drug Discovery

Health Management

Hospital Management

Others

Artificial Intelligence in Medicine market research study is incomplete without regional analysis, and we are well aware of it. That is why, the report includes a comprehensive and all-inclusive study that solely concentrates on the geographical growth of the global Artificial Intelligence in Medicine market. The study also includes accurate estimations about market growth at the global, regional, and country levels. It empowers you to understand why some regional markets are flourishing while others are seeing a decline in growth. It also allows you to focus on geographies that hold the potential to create lucrative prospects in the near future.

What to expect in our report?

(1) A complete section of the Artificial Intelligence in Medicine market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the global Artificial Intelligence in Medicine market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the global Artificial Intelligence in Medicine market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the global Artificial Intelligence in Medicine market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Artificial Intelligence in Medicine Market report.

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Table of Content

1 Report Overview 1

1.1 Study Scope 1

1.2 Market Analysis by Type 1

1.2.1 Global Artificial Intelligence in Medicine Market Size Growth Rate by Type: 2017 VS 2021 VS 2028 1

1.2.2 Hardware 3

1.2.3 Software 3

1.2.4 Services 4

1.3 Market by Application 5

1.3.1 Global Artificial Intelligence in Medicine Market Share by Application: 2017 VS 2021 VS 2028 6

1.3.2 Auxiliary Diagnosis 8

1.3.3 Drug Discovery 9

1.3.4 Health Management 10

1.3.5 Hospital Management 11

1.3.6 Others 11

1.4 Study Objectives 12

1.5 Years Considered 13

2 Global Growth Trends 14

2.1 Global Artificial Intelligence in Medicine Market Perspective (2017-2028) 14

2.2 Artificial Intelligence in Medicine Growth Trends by Region 15

2.2.1 Artificial Intelligence in Medicine Market Size by Region: 2017 VS 2021 VS 2028 15

2.2.2 Artificial Intelligence in Medicine Historic Market Size by Region (2017-2022) 16

2.2.3 Artificial Intelligence in Medicine Forecasted Market Size by Region (2023-2028) 17

2.3 Artificial Intelligence in Medicine Market Dynamics 18

2.3.1 Artificial Intelligence in Medicine Industry Trends 18

2.3.2 Artificial Intelligence in Medicine Market Drivers 20

2.3.3 Artificial Intelligence in Medicine Market Challenges 21

2.3.4 Artificial Intelligence in Medicine Market Restraints 21

3 Competition Landscape by Key Players 22

3.1 Global Top Artificial Intelligence in Medicine Players by Revenue 22

3.1.1 Global Top Artificial Intelligence in Medicine Players by Revenue (2017-2022) 22

3.1.2 Global Artificial Intelligence in Medicine Revenue Market Share by Players (2017-2022) 23

3.2 Global Artificial Intelligence in Medicine Market Share by Company Type (Tier 1, Tier 2, and Tier 3) 24

3.3 Players Covered: Ranking by Artificial Intelligence in Medicine Revenue 26

3.4 Global Artificial Intelligence in Medicine Market Concentration Ratio 27

3.4.1 Global Artificial Intelligence in Medicine Market Concentration Ratio (CR5 and HHI) 27

3.4.2 Global Top 3 and Top 5 Companies by Artificial Intelligence in Medicine Revenue in 2021 28

3.5 Artificial Intelligence in Medicine Key Players Head office and Area Served 29

3.6 Key Players Artificial Intelligence in Medicine Product Solution and Service 29

3.7 Establishment Date of Artificial Intelligence in Medicine Players 30

3.8 Mergers & Acquisitions, Expansion Plans 31

4 Artificial Intelligence in Medicine Breakdown Data by Type 33

4.1 Global Artificial Intelligence in Medicine Historic Market Size by Type (2017-2022) 33

4.2 Global Artificial Intelligence in Medicine Forecasted Market Size by Type (2023-2028) 34

5 Artificial Intelligence in Medicine Breakdown Data by Application 35

5.1 Global Artificial Intelligence in Medicine Historic Market Size by Application (2017-2022) 35

5.2 Global Artificial Intelligence in Medicine Forecasted Market Size by Application (2023-2028) 36

6 North America 37

6.1 North America Artificial Intelligence in Medicine Market Size (2017-2028) 37

6.2 North America Artificial Intelligence in Medicine Market Size by Type 37

6.2.1 North America Artificial Intelligence in Medicine Market Size by Type (2017-2022) 37

6.2.2 North America Artificial Intelligence in Medicine Market Size by Type (2023-2028) 38

6.2.3 North America Artificial Intelligence in Medicine Market Share by Type (2017-2028) 38

6.3 North America Artificial Intelligence in Medicine Market Size by Application 39

6.3.1 North America Artificial Intelligence in Medicine Market Size by Application (2017-2022) 39

6.3.2 North America Artificial Intelligence in Medicine Market Size by Application (2023-2028) 39

6.3.3 North America Artificial Intelligence in Medicine Market Share by Application (2017-2028) 40

6.4 North America Artificial Intelligence in Medicine Market Size by Country 40

6.4.1 North America Artificial Intelligence in Medicine Market Size by Country (2017-2022) 40

6.4.2 North America Artificial Intelligence in Medicine Market Share by Country (2023-2028) 41

6.4.3 United States 42

6.4.4 Canada 42

7 Europe 43

7.1 Europe Artificial Intelligence in Medicine Market Size (2017-2028) 43

7.2 Europe Artificial Intelligence in Medicine Market Size by Type 43

7.2.1 Europe Artificial Intelligence in Medicine Market Size by Type (2017-2022) 43

7.2.2 Europe Artificial Intelligence in Medicine Market Size by Type (2023-2028) 44

7.2.3 Europe Artificial Intelligence in Medicine Market Share by Type (2017-2028) 44

7.3 Europe Artificial Intelligence in Medicine Market Size by Application 45

7.3.1 Europe Artificial Intelligence in Medicine Market Size by Application (2017-2022) 45

7.3.2 Europe Artificial Intelligence in Medicine Market Size by Application (2023-2028) 45

7.3.3 Europe Artificial Intelligence in Medicine Market Share by Application (2017-2028) 46

7.4 Europe Artificial Intelligence in Medicine Market Size by Country 46

7.4.1 Europe Artificial Intelligence in Medicine Market Size by Country (2017-2022) 46

7.4.2 Europe Artificial Intelligence in Medicine Market Size by Country (2023-2028) 47

7.4.3 Germany 48

7.4.4 France 48

7.4.5 U.K. 49

7.4.6 Italy 49

7.4.7 Russia 50

7.4.8 Nordic Countries 50

8 Asia-Pacific 51

8.1 Asia-Pacific Artificial Intelligence in Medicine Market Size (2017-2028) 51

8.2 Asia-Pacific Artificial Intelligence in Medicine Market Size by Type 51

8.2.1 Asia-Pacific Artificial Intelligence in Medicine Market Size by Type (2017-2022) 51

8.2.2 Asia-Pacific Artificial Intelligence in Medicine Market Size by Type (2023-2028) 52

8.2.3 Asia-Pacific Artificial Intelligence in Medicine Market Share by Type (2017-2028) 52

8.3 Asia-Pacific Artificial Intelligence in Medicine Market Size by Application 53

8.3.1 Asia-Pacific Artificial Intelligence in Medicine Market Size by Application (2017-2022) 53

8.3.2 Asia-Pacific Artificial Intelligence in Medicine Market Size by Application (2023-2028) 53

8.3.3 Asia-Pacific Artificial Intelligence in Medicine Market Share by Application (2017-2028) 54

8.4 Asia-Pacific Artificial Intelligence in Medicine Market Size by Region 54

8.4.1 Asia-Pacific Artificial Intelligence in Medicine Market Size by Region (2017-2022) 54

8.4.2 Asia-Pacific Artificial Intelligence in Medicine Market Size by Region (2023-2028) 55

8.4.3 China 56

8.4.4 Japan 56

8.4.5 South Korea 57

8.4.6 India 57

8.4.7 Australia 58

8.4.8 Southeast Asia 58

9 Latin America 59

9.1 Latin America Artificial Intelligence in Medicine Market Size (2017-2028) 59

9.2 Latin America Artificial Intelligence in Medicine Market Size by Type 59

9.2.1 Latin America Artificial Intelligence in Medicine Market Size by Type (2017-2022) 59

9.2.2 Latin America Artificial Intelligence in Medicine Market Size by Type (2023-2028) 60

9.2.3 Latin America Artificial Intelligence in Medicine Market Share by Type (2017-2028) 60

9.3 Latin America Artificial Intelligence in Medicine Market Size by Application 61

9.3.1 Latin America Artificial Intelligence in Medicine Market Size by Application (2017-2022) 61

9.3.2 Latin America Artificial Intelligence in Medicine Market Size by Application (2023-2028) 61

9.3.3 Latin America Artificial Intelligence in Medicine Market Share by Application (2017-2028) 62

9.4 Latin America Artificial Intelligence in Medicine Market Size by Country 62

9.4.1 Latin America Artificial Intelligence in Medicine Market Size by Country (2017-2022) 62

9.4.2 Latin America Artificial Intelligence in Medicine Market Size by Country (2023-2028) 63

9.4.3 Mexico 64

9.4.4 Brazil 64

10 Middle East & Africa 65

10.1 Middle East & Africa Artificial Intelligence in Medicine Market Size (2017-2028) 65

10.2 Middle East & Africa Artificial Intelligence in Medicine Market Size by Type 65

10.2.1 Middle East & Africa Artificial Intelligence in Medicine Market Size by Type (2017-2022) 65

10.2.2 Middle East & Africa Artificial Intelligence in Medicine Market Size by Type (2023-2028) 66

10.2.3 Middle East & Africa Artificial Intelligence in Medicine Market Share by Type (2017-2028) 66

10.3 Middle East & Africa Artificial Intelligence in Medicine Market Size by Application 67

10.3.1 Middle East & Africa Artificial Intelligence in Medicine Market Size by Application (2017-2022) 67

10.3.2 Middle East & Africa Artificial Intelligence in Medicine Market Size by Application (2023-2028) 67

10.3.3 Middle East & Africa Artificial Intelligence in Medicine Market Share by Application (2017-2028) 68

10.4 Middle East & Africa Artificial Intelligence in Medicine Market Size by Country 68

10.4.1 Middle East & Africa Artificial Intelligence in Medicine Market Size by Country (2017-2022) 68

10.4.2 Middle East & Africa Artificial Intelligence in Medicine Market Size by Country (2023-2028) 69

10.4.3 Middle East 70

10.4.4 Africa 70

11 Key Players Profiles 71

11.1 NVIDIA 71

11.1.1 NVIDIA Company Details 71

11.1.2 NVIDIA Business Overview 72

11.1.3 NVIDIA Artificial Intelligence in Medicine Introduction 72

11.1.4 NVIDIA Revenue in Artificial Intelligence in Medicine Business (2017-2022) 74

11.1.5 NVIDIA Recent Development 74

11.2 Intel 76

11.2.1 Intel Company Details 76

11.2.2 Intel Business Overview 76

11.2.3 Intel Artificial Intelligence in Medicine Introduction 77

11.2.4 Intel Revenue in Artificial Intelligence in Medicine Business (2017-2022) 80

11.2.5 Intel Recent Development 80

11.3 IBM 82

11.3.1 IBM Company Details 82

11.3.2 IBM Business Overview 83

11.3.3 IBM Artificial Intelligence in Medicine Introduction 83

11.3.4 IBM Revenue in Artificial Intelligence in Medicine Business (2017-2022) 85

11.3.5 IBM Recent Development 85

11.4 Google Health 87

11.4.1 Google Health Company Details 87

11.4.2 Google Health Business Overview 87

11.4.3 Google Health Artificial Intelligence in Medicine Introduction 88

11.4.4 Google Health Revenue in Artificial Intelligence in Medicine Business (2017-2022) 89

11.4.5 Google Health Recent Development 90

11.5 Microsoft 91

11.5.1 Microsoft Company Details 91

11.5.2 Microsoft Business Overview 91

11.5.3 Microsoft Artificial Intelligence in Medicine Introduction 92

11.5.4 Microsoft Revenue in Artificial Intelligence in Medicine Business (2017-2022) 93

11.5.5 Microsoft Recent Development 93

11.6 AWS 94

11.6.1 AWS Company Details 94

11.6.2 AWS Business Overview 95

11.6.3 AWS Artificial Intelligence in Medicine Introduction 96

11.6.4 AWS Revenue in Artificial Intelligence in Medicine Business (2017-2022) 96

11.6.5 AWS Recent Development 97

11.7 GE Healthcare 98

11.7.1 GE Healthcare Company Details 98

11.7.2 GE Healthcare Business Overview 98

11.7.3 GE Healthcare Artificial Intelligence in Medicine Introduction 99

11.7.4 GE Healthcare Revenue in Artificial Intelligence in Medicine Business (2017-2022) 99

11.7.5 GE Healthcare Recent Development 100

11.8 Siemens Healthineers 101

11.8.1 Siemens Healthineers Company Details 101

11.8.2 Siemens Healthineers Business Overview 101

11.8.3 Siemens Healthineers Artificial Intelligence in Medicine Introduction 102

11.8.4 Siemens Healthineers Revenue in Artificial Intelligence in Medicine Business (2017-2022) 103

11.8.5 Siemens Healthineers Recent Development 103

11.9 Medtronic 104

11.9.1 Medtronic Company Details 104

11.9.2 Medtronic Business Overview 104

11.9.3 Medtronic Artificial Intelligence in Medicine Introduction 105

11.9.4 Medtronic Revenue in Artificial Intelligence in Medicine Business (2017-2022) 106

11.9.5 Medtronic Recent Development 107

11.10 Atomwise 108

11.10.1 Atomwise Company Details 108

11.10.2 Atomwise Business Overview 108

11.10.3 Atomwise Artificial Intelligence in Medicine Introduction 109

11.10.4 Atomwise Revenue in Artificial Intelligence in Medicine Business (2017-2022) 109

11.10.5 Atomwise Recent Development 110

11.11 Zebra Medical Vision 111

11.11.1 Zebra Medical Vision Company Details 111

11.11.2 Zebra Medical Vision Business Overview 111

11.11.3 Zebra Medical Vision Artificial Intelligence in Medicine Introduction 112

11.11.4 Zebra Medical Vision Revenue in Artificial Intelligence in Medicine Business (2017-2022) 112

11.11.5 Zebra Medical Vision Recent Development 113

11.12 Cyrcadia Health 114

11.12.1 Cyrcadia Health Company Details 114

11.12.2 Cyrcadia Health Business Overview 114

11.12.3 Cyrcadia Health Artificial Intelligence in Medicine Introduction 115

11.12.4 Cyrcadia Health Revenue in Artificial Intelligence in Medicine Business (2017-2022) 115

11.13 AiCure 116

11.13.1 AiCure Company Details 116

11.13.2 AiCure Business Overview 117

11.13.3 AiCure Artificial Intelligence in Medicine Introduction 117

11.13.4 AiCure Revenue in Artificial Intelligence in Medicine Business (2017-2022) 118

11.13.5 AiCure Recent Development 119

11.14 Alibaba 120

11.14.1 Alibaba Company Details 120

11.14.2 Alibaba Business Overview 121

11.14.3 Alibaba Artificial Intelligence in Medicine Introduction 121

11.14.4 Alibaba Revenue in Artificial Intelligence in Medicine Business (2017-2022) 122

11.15 BPGbio 123

11.15.1 BPGbio Company Details 123

11.15.2 BPGbio Business Overview 124

11.15.3 BPGbio Artificial Intelligence in Medicine Introduction 124

11.15.4 BPGbio Revenue in Artificial Intelligence in Medicine Business (2017-2022) 125

11.15.5 BPGbio Recent Development 125

11.16 Medasense Biometrics 126

11.16.1 Medasense Biometrics Company Details 126

11.16.2 Medasense Biometrics Business Overview 126

11.16.3 Medasense Biometrics Artificial Intelligence in Medicine Introduction 127

11.16.4 Medasense Biometrics Revenue in Artificial Intelligence in Medicine Business (2017-2022) 128

11.17 Hindsait 129

11.17.1 Hindsait Company Details 129

11.17.2 Hindsait Business Overview 129

11.17.3 Hindsait Artificial Intelligence in Medicine Introduction 130

11.17.4 Hindsait Revenue in Artificial Intelligence in Medicine Business (2017-2022) 131

11.17.5 Hindsait Recent Development 131

11.18 Dell 132

11.18.1 Dell Company Details 132

11.18.2 Dell Business Overview 133

11.18.3 Dell Artificial Intelligence in Medicine Introduction 133

11.18.4 Dell Revenue in Artificial Intelligence in Medicine Business (2017-2022) 134

11.19 SAP 135

11.19.1 SAP Company Details 135

11.19.2 SAP Business Overview 136

11.19.3 SAP Artificial Intelligence in Medicine Introduction 136

11.19.4 SAP Revenue in Artificial Intelligence in Medicine Business (2017-2022) 137

12 Analyst's Viewpoints/Conclusions 139

13 Appendix 140

13.1 Research Methodology 140

13.1.1 Methodology/Research Approach 140

13.1.2 Data Source 143

13.2 Disclaimer 146

13.3 Author Details 147

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