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A Comprehensive Look at Artificial Intelligence in Healthcare Market Growth, Scope, and Future Potential by 2033

Artificial Intelligence in Healthcare Market

Artificial Intelligence in Healthcare Market

The new report published by The Business Research Company, titled Artificial Intelligence in Healthcare Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the artificial intelligence in healthcare market size has grown exponentially in recent years. It will grow from $13.48 billion in 2023 to $17.96 billion in 2024 at a compound annual growth rate (CAGR) of 33.3%. The artificial intelligence in healthcare market size is expected to see exponential growth in the next few years. It will grow to $52.2 billion in 2028 at a compound annual growth rate (CAGR) of 30.6%.

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Precision Medicine Adoption Fuels The Growth Of Artificial Intelligence In Healthcare
The increase in the adoption of precision medicine is one of the driving factors of artificial intelligence in the healthcare market. Precision medicine uses information about an individual's genes, and environmental and lifestyle changes to design and improve the diagnosis and therapeutics of the patient. It is widely used for oncology cases, and due to the rising prevalence of cancer and the number of people affected by it, the demand for AI in precision medicine will increase going forward. According to research published in the Lancet Oncology, the global cancer burden is set to increase by 75% by 2030.

AI Tools Transforming Drug Discovery In The Healthcare Market
Entities operating in the artificial intelligence (AI) for the healthcare market are witnessing the introduction of new AI tools that are highly beneficial for pharma companies. Large companies are focusing on launching new AI-enabled tools in the drug discovery market. Scientific communities in major firms are working hard to introduce new novel tools that will support the global effort in the development of COVID-19 treatment. For instance, in July 2022, the Aster Innovation and Research Centre, the innovation hub of the Aster DM Healthcare Group, teamed up with the Intel Corporation and AI platform provider, CARPL.ai, to develop and roll out an AI-powered health data platform in India.

The artificial intelligence in healthcare market covered in this report is segmented -

1) By Offering: Hardware, Software, Services
2) By Algorithm: Deep Learning, Querying Method, Natural Language Processing, Context Aware Processing
3) By Application: Robot-Assisted Surgery, Virtual Nursing Assistant, Administrative Workflow Assistance, Fraud Detection, Dosage Error Reduction, Clinical Trial Participant Identifier, Preliminary Diagnosis
4) By End-User: Hospitals And Diagnostic Centers, Pharmaceutical And Biopharmaceutical Companies, Healthcare Payers, Patients

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Major companies operating in the artificial intelligence in healthcare market report are IBM Watson Health, Nuance Communications, Inc, Alphabet Inc, Concreto HealthAI, Nvidia Corporation, PathAI, XtalPi, Benevolent AI, Exscientia, OWKIN, LiveHealth, ChironX, Consure Medical, Predible Health, Lybrate, Artelus, OncoStem Qure.ai, Jiaxing Taimei Medical Technology, Ping An Health Medical Technology, YITU, iCarbonX, Insilico, Skin Analytics, Babylon Health, Cambridge Cognition, Renalytix AI, Iktos, Novartis, Gero, Ardigen, Botkin, Webiomed, Care Mentor AI, Diagnocat, Atomwise Inc, Cloud Pharmaceuticals, Bioage, NuMedii, Envisagenics, Aria Pharmaceuticals, Verge Genomics, Berg LLC, Deep Genomics, Cyclica, IQVIA, Roche, Pfizer, PRA Healthscience, Gesto, Intensicare, Didoc, Betterfly, Deenty, Examedi, Dentalink, Cero, MedPass, Pixeon, Hi Technologies, Conexa Saude, Wuru, Yerbo, BioScience, Caecus, Epitrack, GE Healthcare, Oncora Medical, Recursion Pharmaceuticals Inc, Nucleai, Pepticom, AstraZeneca, Rology, HearX Group, DilenyTech, iNNOHEALTH Technology Solutions

Contents of the report:
1. Executive Summary
2. Artificial Intelligence in Healthcare Market Report Structure
3. Artificial Intelligence in Healthcare Market Trends And Strategies
4. Artificial Intelligence in Healthcare Market - Macro Economic Scenario
5. Artificial Intelligence in Healthcare Market Size And Growth
…..
27. Artificial Intelligence in Healthcare Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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