Artificial Intelligence in Healthcare Market Report: Industry Size, Share, Statistics, Companies And Growth Analysis

Global Artificial Intelligence in Healthcare Market was worth US$ 19.68 Billion in 2023 and is expected to grow at a CAGR of 37.57% to an estimated revenue of US$ 183.56 Billion by 2030.

Overview of the Artificial Intelligence Market in Healthcare

The phrase "artificial intelligence," or "AI," refers to situations in which machines are able to mimic how the human brain processes information and makes decisions. Machine learning is another term used to describe this kind of intelligence. AI is frequently used to describe a method that works with both hardware and software. Particularly in terms of software, artificial intelligence is linked to algorithms. The artificial neural network provides a theoretical framework for implementing AI algorithms that simulate how the human brain works. By the conclusion of the projection year, the AI in healthcare market is predicted to grow from USD 16.3 billion to USD 173.55 billion, according to the research.

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Artificial Intelligence in Healthcare Market Dynamics

Healthcare Artificial Intelligence Market Drivers

A number of variables are contributing to the impressive growth and adoption of AI in the healthcare industry. One of the primary drivers is the enormous volume of healthcare data, which includes genetic data, electronic health records (EHRs), and medical imaging. This massive dataset provides valuable insights that AI systems can use to support more accurate diagnosis, customised treatment plans, and early disease detection. The increasing need for better patient outcomes, economic effectiveness, and streamlined healthcare procedures is another important factor. Artificial intelligence (AI) has the potential to improve clinical procedures, automate administrative activities, and raise overall operational efficiency in healthcare settings. AI can also lessen the burden on medical staff by allowing them to concentrate more on patient care.

Artificial Intelligence in Healthcare Market Segmentation

by Offering

Hardware
Software
Services

by Technology

Machine Learning
Natural Language Processing
Context-Aware Computing
Computer Vision

By Technology: The segmentation of the artificial intelligence market in the healthcare sector is carried out using a range of technological tools and approaches that stimulate industry innovation. Algorithms play a critical role in enabling AI systems to learn from data, identify trends, and forecast outcomes. Thus, the introduction of a segment titled "Machine Learning." Machine learning has revolutionised the healthcare industry by providing numerous new approaches to disease diagnosis, treatment, and management. It has also improved patient satisfaction and streamlined hospital operations.

by Application

Robot-Assisted Surgery
Virtual Nursing Assistant
Administrative Workflow Assistance
Fraud Detection
Dosage Error Reduction
Medical Imaging & Diagnosis
Drug Discovery & Development
Others

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Artificial Intelligence in Healthcare Market Key Players

IBM Corporation
Modernizing Medicine
NVIDIA Corporation
Sophia Genetics
Intel Corporation
Koninklijke Philips N.V.
Microsoft
Siemens Healthineers
Google Inc.
General Electric Company
Medtronic
Micron Technology, Inc.
Amazon Web Services (AWS)
Johnson & Johnson Services, Inc.
Arterys Inc.
DeepMind Technologies (a subsidiary of Alphabet Inc.)
Verily Life Sciences (a subsidiary of Alphabet Inc.)
Tencent Holdings Limited
Roche Holding AG
3M Health Information Systems
Ayasdi AI

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Table of content for the Artificial Intelligence in Healthcare Market includes:

Part 01: Executive Summary

Part 02: Scope of the Artificial Intelligence in Healthcare Market Report

Part 03: Global Artificial Intelligence in Healthcare Market Landscape

Part 04: Global Artificial Intelligence in Healthcare Market Sizing

Part 05: Global Artificial Intelligence in Healthcare Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia-Pacific: The Asia Pacific Artificial Intelligence in Healthcare Market is witnessing significant growth opportunities which is propelled by partnerships between technology companies and healthcare providers, as well as government initiatives promoting digital healthcare transformation. Economies, like China and India, are heavily investing in healthcare infrastructure and technology adoption. The region benefits from a large patient population, increasing healthcare expenditure, and growing awareness of the potential of AI in healthcare.

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