AI in the Patient Management Market Key Players Analysis - Welltok, Inc. (Virgin Pulse), Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AI in the Patient Management Market- (By Technology (Machine Learning, NLP), By Application (Health Record Analysis, Pattern Analysis, Location Based Analysis, Social Background, History Based Appointment Generation, Others), By End-Users (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global AI in the Patient Management Market is expected to show a CAGR of 24.51% during a forecast period of 2023-2031.

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The integration of artificial intelligence (AI) into the healthcare sector to optimize and enhance the entire patient care continuum is referred to as AI in patient management. This encompasses a wide range of AI-powered functionalities, including patient scheduling, clinical diagnosis, treatment planning, real-time monitoring of patient progress, and the delivery of personalized health interventions. These advanced AI applications support healthcare professionals in delivering more accurate, efficient, and patient-centered care.

AI is increasingly employed in healthcare to analyze the correlation between clinical treatment protocols and patient outcomes. Its applications span across various domains such as medication administration, personalized treatment planning, and pharmaceutical research and development. Notably, AI is used extensively in diagnostic processes, precision medicine, drug discovery, and patient care monitoring.

Key factors driving the growth of the AI in patient management market include the deployment of AI and machine learning technologies to enhance patient outcomes, reduce medical equipment downtime, and lower the overall cost of care. The adoption of AI-based solutions has accelerated significantly, demonstrating rapid market growth. Core healthcare functions such as diagnostics, patient care coordination, claims processing, operational workflow optimization, and cybersecurity have witnessed substantial integration of AI/ML technologies.

List of Prominent Players in the AI in Patient Management Market:
• Welltok, Inc. (Virgin Pulse)
• Intel Corporation
• Nvidia Corporation
• Google Inc.
• IBM Corporation
• Microsoft Corporation
• General Vision, Inc.
• Enlitic, Inc.
• Next IT Corporation
• iCarbonX
• Octopus.Health
• Sweetch Health Ltd.
• Superwise.ai
• Others

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Market Dynamics
Drivers:
As the healthcare sector continues to digitize and embrace information technologies, substantial volumes of big data are being generated at multiple stages of the care delivery process. This trend positions healthcare as one of the leading industries for big data utilization, particularly in the United States. Market growth in the U.S. is further supported by proactive government initiatives aimed at accelerating the advancement of AI in healthcare. Notably, in June 2021, the National Science Foundation, in collaboration with the White House Office of Science and Technology Policy, announced the establishment of the National Artificial Intelligence Research Resource Task Force. This initiative aims to develop a strategic roadmap for expanding educational tools and key resources to foster AI innovation nationwide.

Challenges:
The integration of AI technologies into existing healthcare systems presents significant challenges, primarily due to the complexity of simulating human cognitive behavior through advanced data processing. Even minor errors in these systems can result in substantial disruptions or unintended outcomes. Moreover, the development of AI and machine learning technologies is hindered by a lack of standardized professional qualifications and industry norms. AI service providers also face obstacles in deploying and maintaining their solutions at client sites, largely due to limited technical expertise and a shortage of qualified AI professionals.

Regional Trends:
North America currently leads the global market, accounting for the highest revenue share. This dominance is attributed to robust healthcare IT infrastructure, increasing healthcare expenditures, widespread adoption of AI/ML technologies, favorable government policies, diverse funding opportunities, and the presence of major industry players. Additional growth factors in the region include an aging population, evolving lifestyles, rising incidence of chronic diseases, greater demand for value-based care, and heightened awareness of AI-driven healthcare solutions.

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Recent Developments:
• In June 2023, Google Cloud and Mayo Clinic announced a partnership to transform healthcare with generative AI, starting with Enterprise Search in Generative AI App Builder (Gen App Builder), to improve clinical workflows, help clinicians and researchers find information, and improve patient outcomes. Google Cloud also released HIPAA-compliant Enterprise Search on Gen App Builder today.
• In Nov 2021, Virgin Pulse has officially finalised its acquisition of Welltok, a highly acclaimed startup specialising in health activation. The activation engine developed by Welltok was integrated with Virgin Pulse's daily engagement platform in order to enhance health outcomes and decrease costs for their collective clientele of 4,100 global employers, health plans, and health systems.

Segmentation of AI in the Patient Management Market-
By Technology-
• Machine Learning
• NLP
By Application-
• Health Record Analysis
• Pattern Analysis
• Location Based Analysis
• Social Background
• History Based Appointment Generation
• Others
By End-Users-
• Hospitals
• Diagnostic Centers
• Ambulatory Surgical Centers
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/ai-in-the-patient-management-market/2054

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.