The AI market is segmented based on offering, technology, application, end user, and geography. On the basis of offering, the market is divided into hardware, software, and services. By technology, it is classified into deep learning, querying method, natural language processing, and context aware processing. Applications covered in the study include robot-assisted surgery, virtual nursing assistant, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, preliminary diagnosis, and others. According to end user, the market is categorized into healthcare provider, pharmaceutical & biotechnology company, patient, and payer Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market growth is driven by rise in adoption rate of AI systems and delete technological advancements in the AI field. In addition, the ability of these systems to improve patient outcomes, increase in adoption of precision medicine, and increase in need for coordination between healthcare workforce & patients are expected to fuel the market growth. However, lack of standard regulations and guidelines and reluctance among healthcare professionals to adopt AI-based technologies are expected to hinder the market growth.
KEY BENEFITS FOR STAKEHOLDERS
This report offers a detailed quantitative analysis of the current market trends from 2016 to 2023 to identify the prevailing opportunities.
The market estimations provided are based on comprehensive analysis of the key developments in the industry.
In-depth geographical analysis facilitates to analyze the regional market to assist in strategic business planning.
The developmental strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market
General Vision, Inc.
Next IT Corporation
KEY MARKET SEGMENTS
Natural Language Processing
Context Aware Processing
Virtual Nursing Assistant
Administrative Workflow Assistance
Dosage Error Reduction
Clinical Trial Participant Identifier
By End User
Pharmaceutical & Biotechnology Company
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
The other players of the artificial intelligence in healthcare market include (companies not profiled in the report):
Shimadzu Recursion Pharmaceuticals, Inc.
General Electric (GE) Company
Koninklijke Philips N.V.
Bay Labs, Inc.
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. REGULATION AND REIMBURSEMENT SCENARIO
3.5. MARKET DYNAMICS
188.8.131.52. Increasing processing power of AI systems leading to better AI capabilities
184.108.40.206. Dearth of skilled healthcare professionals
220.127.116.11. Limitations of AI decision-making
18.104.22.168. Limited acceptance from healthcare professionals owing to risk of injury and misinterpretation
22.214.171.124. Application of AI for novel surgeries and screening
126.96.36.199. Untapped market in developing regions
CHAPTER 4 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY OFFERING
4.1.1. Market size and forecast
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast
CHAPTER 5 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY TECHNOLOGY
5.1.1. Market size and forecast
5.2. DEEP LEARNING
5.2.1. Market size and forecast
5.3. QUERYING METHOD
5.3.1. Market size and forecast
5.4. NATURAL LANGUAGE PROCESSING
5.4.1. Market size and forecast
5.5. CONTEXT AWARE PROCESSING
5.5.1. Market size and forecast
CHAPTER 6 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY APPLICATION
6.1.1. Market size and forecast
6.2. ROBOT ASSISTED SURGERY
6.2.1. Market size and forecast
6.3. VIRTUAL NURSING ASSISTANTS
6.3.1. Market size and forecast
6.4. ADMINISTRATIVE WORKFLOW ASSISTANCE
6.4.1. Market size and forecast
6.5. FRAUD DETECTION
6.5.1. Market size and forecast
6.6. DOSAGE ERROR REDUCTION
6.6.1. Market size and forecast
6.7. CLINICAL TRIAL PARTICIPANT IDENTIFIER
6.7.1. Market size and forecast
6.8. PRELIMINARY DIAGNOSIS
6.8.1. Market size and forecast
6.9. OTHER APPLICATION
6.9.1. Market size and forecast
CHAPTER 7 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY END USER
7.1.1. Market size and forecast
7.2. HEALTHCARE PROVIDERS
7.2.1. Market size and forecast
7.3. PHARMACEUTICALS AND BIOTECHNOLOGY COMPANIES
7.3.1. Market size and forecast
7.4.1. Market size and forecast
7.5.1. Market size and forecast
CHAPTER 8 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY GEOGRAPHY
8.1.1. Market size and forecast
8.2. NORTH AMERICA
8.2.1. Key market trends
8.2.2. Key growth factors and opportunities
8.2.3. Market size and forecast
188.8.131.52. U.S. market size and forecast
184.108.40.206. Mexico market size and forecast
220.127.116.11. Canada market size and forecast
8.3.1. Key market trends
8.3.2. Key growth factors and opportunities
8.3.3. Market size and forecast
18.104.22.168. UK market size and forecast
22.214.171.124. France market size and forecast
126.96.36.199. Germany market size and forecast
188.8.131.52. Italy market size and forecast
184.108.40.206. Spain market size and forecast
220.127.116.11. Rest of Europe market size and forecast
8.4.1. Key market trends
8.4.2. Key growth factors and opportunities
8.4.3. Market size and forecast
18.104.22.168. Japan market size and forecast
22.214.171.124. China market size and forecast
126.96.36.199. Australia market size and forecast
188.8.131.52. India market size and forecast
184.108.40.206. South Korea market size and forecast
220.127.116.11. Taiwan market size and forecast
18.104.22.168. Rest of Asia-Pacific market size and forecast
8.5.1. Key market trends
8.5.2. Key growth factors and opportunities
8.5.3. Market size and forecast
22.214.171.124. Brazil market size and forecast
126.96.36.199. Turkey market size and forecast
188.8.131.52. Saudi Arabia market size and forecast
184.108.40.206. South Africa market size and forecast
220.127.116.11. Rest of LAMEA market size and forecast
CHAPTER 9 COMPANY PROFILES
9.1. WELLTOK, INC.
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Business performance
9.1.5. Key strategic moves and developments
9.2. INTEL CORPORATION
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Business performance
9.2.5. Key strategic moves and developments
9.3. NVIDIA CORPORATION
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Business performance
9.3.5. Key strategic moves and developments
9.4. GOOGLE INC.
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Business performance
9.4.5. Key strategic moves and developments
9.5. IBM CORPORATION
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Business performance
9.5.5. Key strategic moves and developments
9.6. MICROSOFT CORPORATION
9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business segments
9.6.4. Business performance
9.6.5. Key strategic moves and developments
9.7. GENERAL VISION, INC.
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Business performance
9.7.5. Key strategic moves and developments
9.8. ENLITIC, INC.
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Business performance
9.8.5. Key strategic moves and developments
9.9. NEXT IT CORPORATION
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Business performance
9.9.5. Key strategic moves and developments
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Business performance
9.10.5. Key strategic moves and developments
AI involves the science and engineering of intelligent computer programs. It uses various computer functions such reasoning, learning and problem solving based on human intelligence. AI systems can be used in various disciplines such as biology, computer science, mathematics, linguistics, psychology, and engineering to build an intelligent system. Some of the different applications that incorporate the AI systems in healthcare fields are medication management, treatment plans, and drug discovery.
The global the AI market is driven by the ability of AI to improve patient outcomes, increase in need for coordination between healthcare workforce & patients, rise in adoption of precision medicine, and remarkable growth in venture capital investments. In addition, significant use of big data in the healthcare sector is expected to fuel the market growth. However, lack of standard regulations and guidelines and reluctance among healthcare professionals to adopt AI-based technologies are expected to impede the market growth. Possibility of using AI-based tools for elderly care and untapped potential of emerging markets, such as China and India, are expected to provide various opportunities for the market.
The natural language processing segment accounted for the highest share in 2016 and is expected to dominate the market from 2017 to 2023. The deep learning segment witnessed the highest growth rate in 2016 owing to increase in use of signal reduction, data mining, and image recognition.
Presently, the healthcare provider segment dominates and is expected to dominate the market from 2017 to 2023. Increase in usage & application of AI systems is expected to improve patient outcomes and maintain electronic health records (EHR) & patient records to boost the market growth.
Among application, the robot-assisted surgery segment accounted for the highest share in 2016, growing at an estimated CAGR of 46.1%, owing to upsurge in demand for minimally invasive surgeries where AI-assisted technologies are being widely used.
Key findings of the Artificial Intelligence (AI) in Healthcare Market:
Dosage error reduction is projected to grow at the highest rate during the analysis period.
North America dominated global AI in healthcare market in 2016, and is projected to continue its dominance in future.
China is expected to grow highest in the Asia-Pacific region during the forecast period.
Pharmaceuticals & Biotechnology Companies is the fastest growing segment among the end user in 2016.
Hardware segment is expected to be the fastest growing segment during the forecast period.
The report provides extensive competitive analysis and profiles of key market players, such as Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Inc., Enlitic, Inc., Next IT Corporation, and iCarbonX.
The other players in the value chain include Shimadzu Recursion Pharmaceuticals, Inc., Siemens Healthineers, General Electric (GE) Company, Koninklijke Philips N.V., Cloudmedx, Inc., and Bay Labs, Inc.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.