openPR Logo
Press release

Artificial Intelligence In Health Care Market : Latest Trends, Demand And Analysis 2017 – 2025

08-14-2017 07:14 PM CET | Health & Medicine

Press release from: Transparency Market Research

Artificial Intelligence In Health Care Market : Latest Trends,

Artificial intelligence in health care denotes a collection of multiple technologies empowering machines to sense, understand, act, and learn so that these can perform administrative and clinical health care functions. Unlike legacy technologies that are only algorithms or tools that complement a human, artificial intelligence in health care can truly augment human activity. Artificial intelligence could play a significant role in supporting prevention, diagnosis, treatment plans, medication management, precision medicine, and drug creation. Health care manpower, improved with artificial intelligence tools, could better address increased health care demands in future.

View Report @ http://www.transparencymarketresearch.com/artificial-intelligence-in-health-care-market.html

Presently, most data in health care is unstructured and difficult to share. With the help of artificial intelligence, information is analyzed in a manner similar to human brain function toward pattern recognition and learning, and the expert system provides recommendations and support for decision making. The outputs are used for real time decision support as well as long term planning.

Artificial intelligence has various clinical applications such as oncology diagnostic assistance, medical image processing, physician and hospital error reduction, effectiveness of care matrix, predictive care guidance, population health management, and analysis of patient’s health records. Artificial intelligence is also useful in workflow optimization in health care such as elimination of unnecessary procedures and costs, payers claim processing, training & education of physician, hospital staff & patient, and supply cost management. Artificial intelligence is also useful for consumers in cost comparison, wearables integration diet guidance, etc.

Increasing adoption of precision medicine has led to simplicity of management and cost reduction in health care practices. Growing applications in genomics research combined with incremental invention in robotic personal digital assistants is anticipated to boost market growth. Increasing big data volume and the ever-increasing need to efficiently store and manage health care data is likely to drive the artificial intelligence in health care market. Advent of innovative technologies for proper diagnosis & treatment are expected to accelerate business penetration. Drug discovery is one of the major applications of artificial intelligence in health care. Machine learning in combination with artificial intelligence is expected to drive R&D and can increase success rate of early stage drug discovery. Market players are utilizing machine learning algorithms to reduce development time and build a robust and sustainable drugs pipeline. Significant maintenance & repair costs and high initial investment could limit industry growth. Increasing concerns that adoption of artificial intelligence in health care could result in unemployment on a large scale can hamper market growth during the forecast period.

Based on offering, the artificial intelligence in health care market has been segmented into software, hardware, and services. Increasing demand for software-based artificial intelligence solutions and research activities of major software companies providing artificial intelligence software are expected to drive the software segment.

In terms of technology, the artificial intelligence in health care market has been segmented into querying method, deep learning, context aware processing, and natural language processing. Based on application, the market has been segmented into lifestyle management and monitoring, patient data and risk analysis, precision medicine, medical imaging and diagnosis, in-patient care and hospital management, virtual assistant, drug discovery, wearables, and research. 

Get accurate market forecast and analysis on the Artificial Intelligence in Health Care Market. Request a sample to stay abreast on the key trends impacting this market.

http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=28343

Geographically, the global artificial intelligence in health care market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constitutes significant share of the global artificial intelligence in health care market, followed by Europe and Asia Pacific. Adoption of novel technology is faster in the U.S. and countries in Europe. Hence, North America and Europe are anticipated to hold major share of the global artificial intelligence in health care market during the forecast period. In addition, presence of major artificial intelligence providers such as IBM Corporation, Google, Inc., and Intel Corporation in North America is expected to propel the artificial intelligence in health care market in North America.

Key players in the global artificial intelligence in health care market are IBM Corporation, Google, Inc., Intel Corporation, NVIDIA Corporation, iCarbonX, Microsoft Corporation, Next IT Corp., General Vision, Inc., Welltok, Inc., Enlitic, Inc., General Electric Company, Recursion Pharmaceuticals, Stryker Corporation, Medtronic plc, Deep Genomics, Inc., Koninklijke Philips N.V., and Oncora Medical, Inc., among others.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

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 Artificial Intelligence In Health Care Market : Latest Trends, Demand And Analysis 2017 – 2025 here

News-ID: 668565 • Views: 456

More Releases from Transparency Market Research

Feather Meal Market: Import-Export, Industry Chain Structure and Development Opp …
A recent study published by Transparency Market Research on the feather meal market includes global industry analysis and opportunity assessment for 2020-2030. Revenue generated from the global feather meal market was valued at US$ 359.5 Mn in 2020, which is estimated to rise at a CAGR of 8.6%, to reach ~US$ 820 Mn by 2030. Obtain Report Details @ https://www.transparencymarketresearch.com/feather-meal-market.html global feather meal market Nutritive Value of Feather Meal to Influence Feather
Analysing The Size Of The Mineral Feed Market On The Basis Of Value And Volume t …
Meat processing industry is faced with the rising demand for high-quality meat, which is likely to push for the consumption of minerals feed. Increased consumption of mineral feed is then expected to give impetus to the global mineral feed market during the forecast timeframe. Obtain Report Details @ https://www.transparencymarketresearch.com/mineral-feed-market.html Minerals are those supplements that are added to the animal feed for the purpose of overall health, development, well-being, and optimal growth. It
Covid-19 Impact on Alcoholic Ice Cream Market - Positive Long-Term Growth Outloo …
Perception towards alcohol has changed significantly across the globe, and people nowadays are giving positive response towards alcohol consumption. Alcohol is also used while cooking several dishes and its use in ice creams has also grown. With increasing positive response towards consumption of alcohol and products that are infused with alcohol are gaining huge traction across the globe. Players manufacturing alcohol infused ice cream are introducing new flavors such as
Understanding Impact of COVID-19 on Knee Implants Market
Knee implants plays significant role in resurfacing a knee damaged either by traumas or by rheumatoid arthritis. Surgical procedure involving implantation of an artificial knee is termed as arthroplasty. Depending upon the severity and need, these knee implants are developed in different forms viz., metal alloys, strong plastic parts and ceramic material. The rising proportion of aging population across the world has increased the number of people suffering from osteoporosis

All 5 Releases


More Releases for Artificial

Artificial Turf Market – Global Need Assumptions 2025 | Artificial Lawn, Grass …
Global Artificial Turf Market: Snapshot Growth opportunities abound in the global market for artificial turf as residential and commercial property owners increasingly focus on ways of keeping lawns green even during the rising incidences of draughts across the globe. Along with providing an easy way of conserving the water otherwise spent on keeping natural grass alive, artificial grass, or artificial turf as it is often referred to, helps eliminate the need
Artificial Blood Market Development
Artificial Blood Market Potential According to the World Health Organization (WHO), there are around 50,000 stem cell transplantations performed annually worldwide, which include 2,000 cord blood hematopoietic stem cell transplants performed each year. Use of stem cells from cord blood is increasing, as it does not require perfect human leukocyte antigen (HLA) tissue matching, can be used allogenically, and has less incidence of graft v/s host disease. According to the New
Artificial intelligence for industrial microbiology
Munich, Germany, November 23, 2017 - vermicon AG, the specialist for microbiological solutions, is launching the new Scan VIT® system for analysis of microorganisms. It is able to quantify and specifically identify single cells directly and without time-consuming enrichment steps. A fully automated analysis evaluation is provided by the intelligent VIT® Vision software, which is the centerpiece of the new, patented technology. In contrast to conventional rapid test methods, the
Artificial Blood Market
Artificial blood is an artificially developed substitute for red blood cells. For decades, scientists have been trying to develop artificial blood from various sources and through different methods to address the shortage of blood for transfusions. Inadequate number of blood donors and the criticality of blood-type rejection have encouraged researchers to develop artificial blood, thus reducing the dependency on blood donors. Transfusion of red blood cells (RBCs) is a standard
Artificial Blood Market
Artificial blood is an artificially developed substitute for red blood cells.  For decades, scientists have been trying to develop artificial blood from various sources and through different methods to address the shortage of blood for transfusions. Inadequate number of blood donors and the criticality of blood-type rejection have encouraged researchers to develop artificial blood, thus reducing the dependency on blood donors. Transfusion of red blood cells (RBCs) is a standard and
Global Artificial Intelligence Market
According to a new report, Global Artificial Intelligence Market (2016-2022), published by KBV Research, the global artificial intelligence market is estimated to reach USD 16,274.0 Million by 2022, at a CAGR of 44.5% from 2016 to 2022. The North America market dominated the Global Artificial Intelligence Market in 2015, and would continue to be a dominant market till 2022; thereby growing at a CAGR of 42.7% during the forecast period.