Press release
Healthcare artificial intelligence market is booming Healthcare industry know what drives the market In next five years
Healthcare Artificial Intelligence Market size is forecast to exceed USD 10 billion by 2024; according to a new research report.AI has revolutionized the healthcare industry by designing treatment plans, medication management, assisting in repetitive tasks, and drug discovery. Rising adoption of precision medicine has made enabled simplicity of management and cost reduction. Increasing application in genomics research coupled with incremental innovation in robotic personal digital assistants should boost industry growth.
Medical imaging & diagnosis will witness more than 40% growth with expectations to surpass USD 2.5 billion by 2024. It has gained acceptance owing to its capability to detect cancer at early stage, track tumor development and improve the patient’s life expectancy. Increasing application of artificial intelligence in diagnostics and imaging industry will further growth.
Increasing big data volume and the ever-increasing need to effectively store and manage the healthcare data will drive healthcare artificial intelligence market growth. Advent of innovative technologies for effective diagnosis & treatment should further accelerate business penetration.
Huge initial investment, complex ROI structure and significant maintenance & repair costs should hamper industry growth. Rising concerns that healthcare AI adoption could lead to unemployment on a large scale can impede expansion over the forecast timeframe.
Get sample Copy of this Report: https://www.marketstudyreport.com/request-a-sample/448839//?utm_source=OPR-PSR
Drug discovery applications account for over 35% of healthcare artificial intelligence market share, which could see the segment exceed USD 4 billion in revenue by 2024. Machine learning and artificial intelligence will drive R&D and can improve success rate at the early drug development stages. Companies are using machine learning algorithms to reduce development time and build a strong and sustainable drugs pipeline.
U.S. healthcare artificial intelligence market was valued over USD 320 million in 2016 and is estimated to witness more than 38% CAGR over the coming years. Favorable government initiatives for promoting big data analytics adoption along with other innovative healthcare technologies will propel business growth.
Europe healthcare artificial intelligence market size was valued over USD 270 million in 2016, with expectations to witness more than 39% growth over the forecast years. Increasing AI application should encourage industry players in extensive R&D to develop effective and cheaper healthcare solutions in this region.
Japan held over 35% of regional industry share with expectations to witness more than 40% growth. Presence of large number of technology based companies and universities developing healthcare artificial intelligence solutions should fuel industry growth. Rising number of start-ups in the region should further accelerate business expansion.
Brazil holds more than 48% of regional revenue, witnessing over 40% CAGR from 2017 to 2024. Growing awareness and favorable government initiatives should accelerate the penetration rate of healthcare artificial intelligence technology.
Get Discount on this Report: https://www.marketstudyreport.com/check-for-discount/448839//?utm_source=OPR-PSR
Some of the companies operating in healthcare artificial intelligence market space include AiCure, Cyrcadia Health, Google, IBM, and Microsoft. Increasing investments by industry players and growing interest of venture capital firms will spur revenue growth. Healthcare artificial intelligence industry is witnessing growth in startup units in recent years and the trend is anticipated to continue over the forecast period.
Healthcare artificial intelligence market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Healthcare Artificial Intelligence Market By Application:
Medical Imaging & Diagnosis, Drug Discovery, Therapy Planning, Hospital Workflow, Others
The above information is provided on a regional and country basis for the following:
North America, U.S., Canada, Europe, Germany, UK, France, Spain, Italy
For More Details on this Report: https://www.marketstudyreport.com/reports/healthcare-artificial-intelligence-market-size-by-application-medical-imaging-diagnosis-drug-discovery-therapy-planning-hospital-workflow-industry-analysis-report-regional-outlook-u-s-canada-germany-uk-france-spain-italy-china-india-japan-australia-brazil-mexico-south-africa-growth-potential-competitive-market-share-forecast-2017-2024/
Company Overview:
Centralize market research purchases across your entire organization in one place.Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/news
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Healthcare artificial intelligence market is booming Healthcare industry know what drives the market In next five years here
News-ID: 634034 • Views: …
More Releases from marketstudyreport.com
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders.
Load Bank Market Size was estimated…
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of…
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028.
The operation is done to stop ligament tears and…
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting…
More Releases for USD
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com.
There is a $3,000,000…
Primary Alkaline Batteries Market Worth USD 14.58 Billion USD by 2026
The Global Primary Alkaline Batteries market size was valued at 10.31 Billion USD in 2019 and is projected to reach 14.58 Billion USD by 2026, at a CAGR of 5% during the forecast period.
An Primary Alkaline Batteries is a type of primary battery, which derives its energy from the reaction between zinc metal and manganese dioxide.
Get Detailed Analysis of COVID-19 Impact on Primary Alkaline Batteries Market @ https://reports.valuates.com/request/sample/QYRE-Othe-0I169/Global_Primary_Alkaline_Battery_Market
This report presents…
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa."
These days many businesses are adopting a market research report…
Eubiotics Market Set to Exceed USD USD 8.60 Billion by 2026
According to a new study published by Polaris Market Research the global eubiotics market is anticipated to reach USD 8.60 billion by 2026. The tightening and stringent restrictions on the use of antibiotic growth promoters along with the surging consumer pressure on food safety and consumer preferences are expected to be the major factors driving demand for these products that work as substitutes to in-feed eubiotics.
Eubiotics or specific organic…
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and…
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size…
