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Artificial Intelligence in Healthcare Market - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2017–2025
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Artificial Intelligence could help the doctors to invest more time on critical cases than giving general prescriptions
The U.S. is the largest healthcare market, with expenditure pegged at US$ 3 trillion per year. The U.S. gross domestic product has high opportunities of dramatic growth with improvements in the Artificial Intelligence field. Moreover, the global report from CNBC suggests death of more than 10 million children as a result of not getting basic healthcare facilities. Advancements in the field of artificial intelligence could potentially help in diagnosis and basic healthcare provision to these victims.
The global artificial intelligence in healthcare market can be segmented on the basis of technology, end users, application and regions.
On the basis of technology, the global market can be segmented as
Speech recognition
Biometrics
Natural language processing
Machine learning
Disaster recovery
Based on application, the global market can be segmented as
Precision Medicine
Real Time Monitoring
Drug Development
Personal Health Assistants
On the basis of end users, the global market can be segmented as
Diagnostic centers
Hospitals
Clinics
R&D sectors in healthcare institutes
Based on the regional segmentation, the global artificial intelligence in healthcare market can be segmented into North America, Europe, Asia Pacific and the rest of the world. The North America is leading the global artificial intelligence in healthcare market, followed by Europe. This dominance owes to presence of major companies propelling growth of the AI in healthcare market in the U.S. and focus on precision and personalized medicines. Growing investments in AI in healthcare infrastructure and cross country collaborations in emerging economies such as China and India are responsible for driving AI in healthcare market in these regions.
The global AI in healthcare market can result in improved outcomes for both patients and healthcare personnel
The global AI in healthcare market is driven by pre-operative planning, rising chronic diseases and high costs related to healthcare. AI systems are helpful in collectively providing suitable solutions in terms of therapy planning, optimization, customization and standardization of parameters required for assistance at basic and advanced stages in patient investigation and treatment procedure. The global AI in healthcare market can also expect a huge growth opportunities as a result of awareness among people about self- care and importance of diagnosis at early stages of disorders. Although, glitches in technical infrastructure and difficulties communication could restrict the global AI in healthcare market growth.
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Advancements in machine learning tools and deep learning algorithms has helped the players to sustain their dominance in the global AI in healthcare market
The key players operating global artificial intelligence in healthcare market are IBM Corporation, Google, Inc., NVIDIA Corporation, Microsoft Corporation, iCarbonX, Next IT Corp., CloudMex Inc., Carescore, Atomwise Inc., Zephyr Health Inc., Deep Genomics Inc., Medtronic Plc., Koninkiljke Philips N.V., and Oncora Medical, Inc.
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