Press release
The AI in Healthcare Market Revolution: From Smart Diagnoses to Robotic Surgery By 2031 | Most leading Companies - Intel Corporation, Koninklijke Philips N.V., Microsoft, Siemens Healthcare GmbH, NVIDIA Corporation, IBM
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 Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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Artificial Intelligence (AI) in healthcare refers to the use of advanced algorithms, machine learning, and data analytics to improve medical diagnostics, treatment planning, drug discovery, patient care, and hospital management. AI-powered solutions enhance clinical decision-making, automate administrative tasks, and optimize healthcare workflows, leading to increased efficiency, accuracy, and personalized patient care.
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.
Industry Development:
On February 1, 2023, Microsoft announced a partnership with Vietnamese tech firm VinBrain to advance AI-driven healthcare services. The collaboration will focus on cross-product validation, data sharing, and research and development in healthcare AI.
Growth Forecast Projected:
The Global Artificial Intelligence In Healthcare Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
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.
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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 Analysis for Artificial Intelligence In Healthcare Market:
The regional analysis of the Artificial Intelligence In Healthcare Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ 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)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Artificial Intelligence In Healthcare market?
➠ Who are the leading manufacturers in the global Artificial Intelligence In Healthcare industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Artificial Intelligence In Healthcare industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Artificial Intelligence In Healthcare market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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