AI in the Patient Management Market Top Players- 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 ecosystem for the optimization and enhancement of the patient care continuum is commonly referred to as AI in patient management. This encompasses a broad spectrum of AI-enabled capabilities, including patient scheduling, clinical diagnostics, treatment planning, real-time monitoring of patient progress, and the provision of personalized healthcare interventions. These advanced technologies enable healthcare professionals to deliver care that is more precise, efficient, and tailored to individual patient needs.

AI is increasingly utilized to analyze correlations between clinical treatment protocols and patient outcomes. Its applications extend across various healthcare domains, such as medication management, personalized treatment strategies, and pharmaceutical research and development. Notably, AI plays a critical role in diagnostic accuracy, precision medicine, drug discovery, and continuous patient monitoring.

The growth of the AI in patient management market is primarily driven by the deployment of AI and machine learning (ML) technologies to improve patient outcomes, minimize medical equipment downtime, and reduce the overall cost of care. The adoption of AI-based solutions has accelerated markedly, with rapid integration across key healthcare functions including diagnostics, care coordination, claims administration, workflow optimization, and cybersecurity.

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:
The ongoing digital transformation within the healthcare sector is generating significant volumes of big data across various stages of care delivery. This positions healthcare as a leading industry in the application of big data analytics, particularly in the United States. Market expansion in the U.S. is further bolstered by proactive government initiatives supporting the advancement of artificial intelligence (AI) in healthcare. For example, in June 2021, the National Science Foundation, in partnership with the White House Office of Science and Technology Policy, launched the National Artificial Intelligence Research Resource Task Force. This initiative is designed to establish a strategic framework for expanding access to essential educational tools and resources, thereby accelerating AI innovation nationwide.

Challenges:
Despite the potential benefits, the integration of AI into existing healthcare infrastructures poses considerable challenges. Accurately replicating human cognitive functions through data-driven technologies is inherently complex, and even minor system errors can lead to significant operational disruptions or unintended consequences. Additionally, the advancement of AI and machine learning (ML) is impeded by the absence of standardized professional qualifications and industry benchmarks. AI solution providers often encounter deployment and maintenance difficulties at client sites, due primarily to limited technical capabilities and a shortage of skilled AI professionals.

Regional Trends:
North America currently dominates the global AI in healthcare market, holding the largest share of total revenue. This leadership position is attributed to a well-established healthcare IT infrastructure, increased healthcare spending, broad adoption of AI/ML solutions, supportive regulatory frameworks, and access to diverse funding channels. The presence of leading market participants further contributes to regional growth. Additional drivers include an aging population, lifestyle-related health changes, a rising prevalence of chronic diseases, increased demand for value-based healthcare models, and growing awareness of the advantages offered by AI-enabled 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.