Press release
Healthcare Artificial Intelligence Market valued $10bn by 2024
Fractovia.org
With the evolving digital capacity, healthcare artificial intelligence market is turning out to be a major game-changer for the overall healthcare fraternity. Growing usage of big data coupled with rising adoption of precision medicine is further expected to drive healthcare artificial intelligence industry. AI is widely adopted in the field of medical imaging, genomics, drug discovery to provide relevant insights pertaining to patient data monitoring, research, and risk analysis. The vast healthcare data have resulted into growing demand and need for AI technology.
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Healthcare artificial intelligence market finds its potential application in drug discovery, as AI plays a vital role in drug identification, discovery, screening, and design. The drug discovery application held 35% of the overall market share and is expected to attain gains at 40% over 2017-2024, collecting revenue worth USD 4 billion by 2024. Moreover, AI is also gaining prominence in medical imaging to improve the cancer diagnosis at an early stage. Healthcare artificial intelligence market from the medical imaging and diagnosis application is projected to exceed a revenue generation of USD 2.5 billion by 2024.
Browse key industry insights spread across 105 pages with 35 market data tables & 8 figures & charts from this 2017 report Healthcare Artificial Intelligence Market in detail along with the table of contents at:
https://www.fractovia.org/news/industry-research-report/healthcare-artificial-intelligence-market
Below are the key geographical insights influencing the industry growth:
US region to grow at 35% driven by Federal authorities are encouraging the use of data analytics to transform US healthcare systems, which in turn is driving the regional healthcare artificial intelligence industry.
Europe region to grow at 39% driven by Favourable business environment and intensive research activities carried out by the industry players to develop cost effective solutions is fuelling the regional healthcare artificial intelligence market growth.
China region is driven by Growing prevalence of chronic diseases and rising geriatric population have encouraged regional authorities to harness the AI technology and improve healthcare delivery. Rapid adoption of big data is poised to boost the regional growth, witnessing 45% growth in forecast time.
Japan is a technological hub with the presence of several healthcare companies and universities. Growing focus on research & development of healthcare AI is likely to favour the regional market expansion with 40% from 2017 to 2024.
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The Brazil healthcare artificial intelligence market is fuelled by rising awareness toward the perks of AI technology coupled with favorable regulatory landscape will accelerate the demand for healthcare artificial intelligence industry. To foresee the growth of 40% during the forecast time period.
AI has significantly disrupted the traditional medical approach and is likely to transform the healthcare delivery model over the coming years. The industry is witnessing robust participation of the start-ups which depicts the huge commercialization the market is set to attain. In addition, the established players such as IBM, Microsoft, Cyrcadia Health, and Google are investing heavily to unleash the potential of healthcare artificial intelligence industry. As per the estimates, the market is slated to exceed a valuation of USD 10 billion by 2024.
Browse Related Report:
Healthcare Analytics Market Size By Product (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), By Application (Operations Management, Financial Management, Population Health Management, Clinical Management), By End-Use (Hospitals, Clinics, Physicians, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, Brazil, Mexico, South Africa, Saudi Arabia), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
https://www.gminsights.com/industry-analysis/healthcare-analytics-market
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