AI in Healthcare Market Size Worth USD 194.4 billion by 2030 at 38.1% CAGR, Says AMR

According to the report published by Allied Market Research, the global AI in Healthcare Market generated $8.23 billion in 2020, and is estimated to reach $194.4 billion by 2030, growing at a CAGR of 38.1% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.

Leading players of the global AI in healthcare market analyzed in the research include Intel Corporation, Welltok, Inc., Google Inc., IBM Corporation, Nvidia Corporation, Microsoft Corporation, General Vision, Inc., Next IT Corporation, Enlitic, Inc., and iCarbonX.

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What are the Driving Factors Of AI in Healthcare Market?

The growth of global AI in healthcare market is mainly driven by rise in the volume of healthcare data and increase in complications of datasets. This leads to increase in the need for AI in healthcare in the market. The impact of the COVID-19 has positively impacted the growth of various healthcare-related sectors, one of which is AI in healthcare.

AI in Healthcare Market Segmentation can be done based on several factors, including:

Based on offering, the software segment accounted for the largest market share in 2020, contributing to nearly two-thirds of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the hardware segment is estimated to witness the fastest CAGR of 39.5% from 2021 to 2030.

Based on the algorithms, the natural language processing segment contributed to the largest share in 2020, accounting for nearly half of the global AI in healthcare market. The same segment is expected to lead throughout the forecast period. However, the deep learning segment is expected to manifest the highest CAGR of 41.7% from 2021 to 2030.

Based on region, North America contributed to the highest share in 2020, holding nearly half of the total share, and is expected to maintain dominance throughout the forecast period. On the other hand, Asia-Pacific is expected to portray the fastest CAGR of 44.5% during the forecast period.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

Which are the driving factors responsible for the growth of market?
Which are the roadblock factors of this market?
What are the new opportunities, by which market will grow in coming years?
What are the trends of this market?
Which are main factors responsible for new product launch?
How big is the global & regional market in terms of revenue, sales and production?
How far will the market grow in forecast period in terms of revenue, sales and production?
Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
Which region has more opportunities?

Region Analysis

North America
(U.S., Canada, Mexico)
Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.