Press release
Artificial Intelligence In Healthcare Market Is Expected To Reach $187704.75 Million By 2031 - Intel Corporation, Koninklijke Philips N.V., Microsoft, Siemens Healthcare GmbH
Artificial Intelligence In Healthcare Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Artificial Intelligence In Healthcare market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Artificial Intelligence in Healthcare Market reached US$ 13248.65 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 187704.75 million by 2031. The market is growing at a CAGR of 41.1% during the forecast period (2024-2031).
Artificial Intelligence in Healthcare refers to the use of AI technologies, such as machine learning, natural language processing, and robotics, to analyze and interpret complex medical data. AI applications in healthcare are used to improve diagnostics, personalize treatments, enhance patient care, streamline administrative tasks, and assist in drug discovery. By leveraging vast amounts of healthcare data, AI can support clinical decision-making, predict patient outcomes, and drive innovations in medical research, ultimately improving the efficiency, quality, and accessibility of healthcare services.
Key Developments:
❁ On February 1, 2023, Microsoft announced a partnership with Vietnamese tech company VinBrain to develop AI-based healthcare services. The collaboration will focus on cross-product validation, data sharing, and joint research and development in healthcare AI.
On November 23, 2021, Royal Philips and U.S.-based MedChat formed a partnership to enhance contact center efficiency and reduce patient inquiry response times. MedChat's live chat and AI-powered chatbot services will be integrated into Philips' Patient Navigation Manager, enabling Philips' North American clients to create automated communication workflows that complement call center and patient access operations.
List of the Key Players in the Artificial Intelligence In Healthcare Market:
Intel Corporation, Koninklijke Philips N.V., Microsoft, Siemens Healthcare GmbH, NVIDIA Corporation, IBM, Labcor Laboratórios Ltd., Medtronic, Google and Micron Technology, Inc.
Research Process:
Both primary and secondary data sources have been used in the global Artificial Intelligence In Healthcare Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the Artificial Intelligence In Healthcare Market:
By Product Type: Hardware, Software, Services
By Technology: Speech recognition, Natural language processing, Machine learning, Disaster recovery, Others
By Application: Imaging & diagnostics, Drug discovery, Precision medicine, Hospital management, Insights & risk analytics, Wearables, Virtual assistants, Healthcare assistant robots, Others
By End-User: Hospitals, Pharmaceutical Company, Diagnostic Centers, Others
Regional Breakout:
The global Artificial Intelligence In Healthcare Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
✫ North America (U.S., Canada, Mexico)
✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This Report Unveils:
✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.
✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.
✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.
✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.
✔ Identify high-potential niche segments and regions poised for significant expansion.
✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.
✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Artificial Intelligence In Healthcare manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Artificial Intelligence In Healthcare in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Artificial Intelligence In Healthcare market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Artificial Intelligence In Healthcare market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently Asked Questions
☞ What is the expected growth rate of the global Artificial Intelligence In Healthcare market for the forecast period?
☞ What are the key driving factors that are responsible to shape the fate of the Artificial Intelligence In Healthcare market during the forecast period?
☞ What will be the overall size of the market during the analysis period?
☞ What are the prominent market trends which influence the development of the Artificial Intelligence In Healthcare market across various regions?
☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Artificial Intelligence In Healthcare market?
☞ What are the major opportunities that the companies can get to attain success in the world?
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