Global Healthcare Artificial Intelligence Market by Manufacturers, Countries, Type, and Application, Forecast to 2022

Healthcare artificial intelligence uses software and algorithms to estimated human cognition in the study of composite medical statistics. The primary objective of healthcare artificial intelligence applications is to examine associations between treatment or prevention techniques and results registered by patients. Artificial intelligence programs have been evolved and enforced to practices such as treatment protocol development, diagnosis processes, drug development, personalized medication and patient care and monitoring, along with others. Until now, healthcare is the only field in which, despite all the technological innovations, the majority processes are still operated manually. Artificial intelligence can make feasible therapeutic imaging equipment that not only executes imaging but can also recognize any kind of irregularities in the medical examination images and spot the target indication without the continuous requirement of a radiologist. Google's DeepMind platform is presently used by the United Kingdom’s National Health Service to observe certain health risks via data compiled by a mobile app; it is an example of healthcare artificial intelligence.

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The healthcare artificial intelligence market is expected to grow rapidly over the forecast period of 2017 to 2022 with significant compound annual growth rate. Artificial intelligence has overturned the healthcare industry by designing medication management, treatment plans as well as assisting in drug discovery and repetitive tasks. The increasing acceptance of precision drugs has enabled cost reduction and simplicity of management. Growing application in genetic science research paired with accumulative advancements in robotic personal assistants would boost the market industry growth. Some other factors contributing to the growth of the global market are; capability of healthcare artificial intelligence solutions to decrease workload, augmented patient safety during the treatment, vast cost savings linked with the use of artificial intelligence and escalating spectrum of application. Additionally, continuously rising data volume and the required effective storage for that ever-increasing data as well as need to manage the healthcare data will fuel the global healthcare artificial intelligence market growth. However, high initial investment, large repair, and maintenance costs might hamper the growth of the global market industry over the forecast years.

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The key market players for the global healthcare artificial intelligence market are Enlitic, Inc., AiCure LLC, Pathway Genomics Corporation, Cyrcadia Health, Inc., InSilico Medicine, Inc., Google, Apixio, Inc., International Business Machines Corporation (IBM), Welltok, Inc., Modernizing Medicine, Inc., Microsoft Corporation, Sophia Genetics SA, Atomwise, Inc., Sensely, Lifegraph Ltd. and Zebra Medical Vision Ltd. According to the application, the market industry is split into; Drug Discovery, Medical Imaging, and Diagnosis. Geographically, the global healthcare artificial intelligence market is segmented into regions which are; Asia-Pacific (India, China, Southeast Asia, Korea, and Japan), South America (Argentina, Columbia and Brazil), North America (Mexico, Canada and USA), Middle East and Africa (Egypt, UAE, Nigeria, South Africa and Saudi Arabia) and Europe (Italy, France, Russia, UK and Germany).

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