Artificial Intelligence in Healthcare | Radiology, Oncology, and Drug Discovery Dominates Market Share - Major Companies are Intel Corporation, Koninklijke Philips N.V., Microsoft.

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 is thoroughly examined in the DataM Intelligence study, offering a comprehensive analysis supported by robust statistics, historical data, and actionable insights. The report evaluates key industry players, analyzing their product portfolios, pricing strategies, financial performance, and expansion efforts. It provides a clear understanding of market dynamics, competitive positioning, and anticipated trends shaping the future of the industry.

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Artificial intelligence (AI) in healthcare refers to the use of machine learning, natural language processing, and data analytics to enhance medical decision-making and operations. Applications include predictive diagnostics, personalized treatment plans, drug discovery, and administrative automation. AI-powered tools analyze vast datasets to detect patterns and predict outcomes, improving efficiency and patient outcomes. As AI technology evolves, ethical considerations like data privacy and algorithmic bias remain critical.

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.

Artificial Intelligence in Healthcare Industry Development:

❁ On February 1, 2023, Microsoft announced a strategic partnership with VinBrain, a Vietnamese tech firm, to advance healthcare services powered by artificial intelligence (AI). The collaboration focuses on three key areas: cross-product validation, data sharing, and research and development. By combining Microsoft's expertise in AI and cloud computing with VinBrain's deep understanding of healthcare, the two companies aim to drive innovation in AI-driven healthcare solutions. This partnership is expected to improve medical diagnostics, enhance patient care, and contribute to the digital transformation of healthcare systems in Vietnam and beyond.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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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.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Artificial Intelligence in Healthcare Market:

⇥ 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

Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Artificial Intelligence in Healthcare market?

➠ Who are the global key manufacturers of the Artificial Intelligence in Healthcare Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Artificial Intelligence in Healthcare market opportunities and threats faced by the vendors in the global Artificial Intelligence in Healthcare Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Artificial Intelligence in Healthcare market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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