According to the report by Exactitude Consultancy, the global market for AI in healthcare has a CAGR of 42% and is expected to reach USD 169.7 billion by 2029 during the forecast period 2023-2029
LUTON, Bedfordshire, UK, March 18, 2023 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and advisory arm of Ameliorate Digital Consultancy Private Limited, has completed and published the final copy of the in-depth research report on the Healthcare AI market.
The global healthcare AI market is growing at a CAGR of 42% and is projected to reach USD 169.7 billion during the forecast period to 2029
The healthcare AI market is a rapidly growing segment of the healthcare industry, driven by the increasing use of artificial intelligence (AI) in medical research, diagnostics, and patient care. AI refers to the simulation of human intelligence in machines programmed to perform tasks that typically require human intelligence, such as cognition, reasoning, and learning.
The healthcare AI market can be segmented on the basis of technology, application, and geography. Technology segments include machine learning, natural language processing, computer vision, and others. Application segments include medical imaging and diagnostics, drug discovery and research, electronic health records (EHRs), patient monitoring and care, and others.
The global healthcare AI market is expected to grow significantly over the next few years, driven by factors such as the increasing adoption of big data in healthcare, the growing need for personalized medicine, and the rising prevalence of chronic diseases. The North American region is expected to be the largest market for AI in healthcare due to the presence of several key players in the region as well as increasing adoption of AI in healthcare.
However, the healthcare AI market faces several challenges, including high implementation costs, privacy concerns, and regulatory hurdles. Nonetheless, the market is expected to continue growing and providing innovative solutions for the healthcare industry.
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The main competitors on the world market are:
Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Inc., Enlitic, Inc., Next IT Corporation and iCarbonX are some of the major players in the global healthcare AI market .
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Recent Developments
In December 2022, Amazon Web Services, Inc. announced its Strategic Collaboration Agreement (SCA) with Slalom, LLC to build vertical solutions and accelerators on AWS for its customers in healthcare, life sciences, financial services, energy, and media and entertainment.
In November 2022, GE Healthcare presented its 60 innovative technology solutions for diagnostics, patient screening, counseling, therapy planning and monitoring at the 2021 Annual Meeting of the Radiological Society of North America (RSNA). With this, the company has accelerated its innovations in healthcare with artificial intelligence (AI) and digital solutions.
In October 2022, Google Inc announced the launch of its new Medical Imaging Suite, which helps with the accessibility and interoperability of radiology and other imaging data. It is designed to provide flexible options for cloud-on-prem or edge deployment, allowing organizations to achieve different levels of sovereignty, privacy requirements, and data security.
What information does this report contain?
Historical data coverage: 2017 to 2022;
Growth forecasts: 2023 to 2029.
Expert Analysis: Industry, Government, Innovation and Technology Trends; factors affecting development; Cons, SWOT.
6-7 Year Performance Forecasts: Key segments covering Applications, Top Products and Regions.
Competitive landscape reporting: market leaders and key players, competences and capacities of these companies in terms of production and sustainability and prospects.
Key segments:
Healthcare AI Market by Component, 2023-2029, (Million USD)
software solutions
Hardware
Services
Healthcare AI Market, by Application, 2023-2029 (Million USD)
The study highlights key participants and manufacturers and the latest tactics, including new product releases, collaborations, joint ventures, technology, regional and industrial competitiveness segmentation, win and loss ratios, and investment propositions. an accurate evaluation of efficient production and advertising methods as well as market share, growth rate, size, turnover and value-added analyses.
The World Healthcare AI Market Research Report is an in-depth analysis of the global industry with a focus on the current situation of the global Healthcare AI market. The study provides important data on the market status of the manufacturers of the global Healthcare AI market and is a great resource for companies and individuals interested in the industry.
Latest Trends in Healthcare AI Market:
Integration with the Internet of Things (IoT): The integration of AI with IoT has enabled the development of smart healthcare systems that can collect real-time data from medical devices and wearable technology. This data may be used to monitor patient health, provide personalized treatment plans, and improve healthcare outcomes.
Application of AI in genomics: The use of AI in genomics has enabled researchers to quickly and accurately analyze large amounts of genomic data. This has led to the development of new therapies for genetic diseases and personalized medicine.
Use of AI in clinical decision support: AI-enabled clinical decision support systems (CDSS) can analyze patient data and provide physicians with personalized treatment recommendations. CDSS can help physicians make faster and more accurate diagnoses, leading to better patient outcomes.
Regional Healthcare AI Market (Regional Production, Demand, and Country Forecast): –
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, Great Britain, France, Italy)
Middle East, Africa (Egypt, Turkey, Saudi Arabia, Iran) and more.
The research broadside examines the past, present and future development of the global market. The paper also examines the current competitive landscape, the prevailing business models and the expected evolution of the offerings of key companies in the coming years.
Key aspects of the report include:
– Comprehensive research of the global Healthcare AI market. – Market dynamics in variable sectors.
– Market segmentation in depth.
– Size of markets in terms of volume and value over time, both recent and future
– Recent changes and trends – Competitive landscape of the global Healthcare AI market.
– Strategy and products offered by major players.
– Promising markets and isolated areas with possible growth
– A comparative analysis of mobile barcode computers and the world market for barcode scanners.
Access the full report description, executive summary, figure table, graph, etc. at:
Highlights of the Healthcare AI market report:
By component, by application, key market players and by region.
aspects
details
By component
software solutions
Hardware
Services
through application
Important market participants
Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Inc., Enlitic, Inc., Next IT Corporation and iCarbonX & others.
By region
North America
Europe
Asia Pacific
South America
Middle East and Africa
Reasons to buy the Global Healthcare AI Report:
1. Current and future prospects of the global Healthcare AI market in both developed and emerging markets.
2. Analysis of various market prospects using Porter’s Five Forces Analysis.
3. The segment expected to dominate the global Healthcare AI market.
4. Regions expected to register the fastest growth during the forecast period.
5. Identifies the latest developments, global Healthcare AI market shares, and strategies employed by major market players.
Additionally, the market research confirms the key global players operating in the global Healthcare AI market. Your key marketing strategies and promotional techniques have been highlighted to provide a clear understanding of the global market.
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CONTACT: Irfan Tamboli (Sales Manager) – Exactitudeconsultancy Phone: +1704 266 3234 [email protected]
