The AI in healthcare market was valued at $4,836.87million in 2019 and is projected to reach $99,491.58 million by 2027, registering a CAGR of 42.8% from 2020 to 2027.Artificial intelligence (AI) can be defined as the science and engineering adopted to design intelligent machines, especially intelligent computer programs. AI is an intelligent system that applies various human intelligence based functions such as reasoning, learning, and problem-solving skills on different disciplines such as biology, computer science, mathematics, linguistics, psychology, and engineering. AI is widely applicable in medication management, treatment plans, and drug discovery.
The growth of the AI in healthcare market is driven by the ability of AI to improve patient outcomes, need to increase coordination between healthcare workforce & patients, an increase in adoption of precision medicine, and a notable rise in venture capital investments. In addition, rise in importance of big data in healthcare is expected to fuel market growth.
The market is expected to witness a moderate growth during the forecast period, owing to rise in adoption of AI systems. Furthermore, technological advancements in AI systems are anticipated to augment market growth. Prospective of AI-based tools for elderly care and the untapped potential of emerging markets, such as China and India, are expected to present various opportunities for market expansion. However, an imprecise regulatory scenario and reluctance among healthcare professionals to adopt AI-based technologies are expected to hamper market growth.
The AI in healthcare market is segmented based on offering, algorithm, application, end user, and region. On the basis of offering, the market is divided into hardware, software, and services. By algorithm, it is classified into deep learning, querying method, natural language processing, and context aware processing. The application segment includes robot-assisted surgery, virtual nursing assistant, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, preliminary diagnosis, and others. Depending on end user, the market is fragmented into healthcare providers, pharmaceutical & Biotechnology Companies, patients, and payer. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
This report entails a detailed quantitative analysis of the current market trends and future estimations from 2019 to 2027 to identify the prevailing opportunities.
Market estimations are based on comprehensive analysis of the key developments in the industry.
The global market is comprehensively analyzed with respect to offering, algorithm, application, end user, and region.
In-depth analysis based on region assists to understand the regional market to assist in strategic business planning.
The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
KEY MARKET SEGMENTS
By Offering
Hardware
Software
Services
By Algorithm
Deep Learning
Querying Method
Natural Language Processing
Context Aware Processing
By Application
Robot-assisted Surgery
Virtual Nursing Assistant
Administrative Workflow Assistance
Fraud Detection
Dosage Error Reduction
Clinical Trial Participant Identifier
Preliminary Diagnosis
Others
By End User
Healthcare Providers
Pharmaceutical & Biotechnology Company
Patients
Payers
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Australia
Japan
India
China
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Alphabet Inc. (Google Inc.)
Enlitic Inc
General Vision
iCarbonX
Intel Corporation
IBM Corporation
Microsoft Corporation
Nvidia Corporation
Next IT Corp
Welltok Inc.
Note: Product cover images may vary from those shown
Chapter 1: Introduction 1.1. Report Description 1.2. Key Benefits for Stakeholders 1.3. Key Market Segments 1.4. Research Methodology 1.4.1. Secondary Research 1.4.2. Primary Research 1.4.3. Analyst Tools and 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. Subsidy Programs and Funding 3.4. Porter’sFive Forces Analysis 3.5. Regulations and Reimbursement Scenario 3.6. Market Dynamics 3.6.1. Drivers 3.6.1.1. Increase in Processing Power of Ai Systems Leading to Enhanced Ai Capabilities 3.6.1.2. Dearth of Skilled Healthcare Professionals 3.6.1.3. Application of Ai for Novel Surgeries and Screening 3.6.2. Restraints 3.6.2.1. Limitations of Ai Decision-Making 3.6.2.2. Limited Acceptance from Healthcare Professionals Owing to Risk of Injury and Misinterpretation 3.6.3. Opportunities 3.6.3.1. Untapped Market in Developing Regions 3.7. Impact of Covid-19 on the Market
Chapter 4: Artificial Intelligence in Healthcare Market, by Offering 4.1. Overview 4.1.1. Market Size and Forecast 4.2. Hardware 4.2.1. Key Market Trends and Opportunities 4.2.2. Market Size and Forecast 4.2.3. Market Analysis, by Country 4.3. Software 4.3.1. Key Market Trends and Opportunities 4.3.2. Market Size and Forecast 4.3.3. Market Analysis, by Country 4.4. Services 4.4.1. Key Market Trends and Opportunities 4.4.2. Market Size and Forecast 4.4.3. Market Analysis, by Country
Chapter 5: Artificial Intelligence in Healthcare Market, by Algorithm 5.1. Overview 5.1.1. Market Size and Forecast 5.2. Deep Learning 5.2.1. Market Size and Forecast 5.2.2. Market Analysis, by Country 5.3. Querying Method 5.3.1. Market Size and Forecast 5.3.2. Market Analysis, by Country 5.4. Natural Language Processing 5.4.1. Market Size and Forecast 5.4.2. Market Analysis, by Country 5.5. Context Aware Processing 5.5.1. Market Size and Forecast 5.5.2. Market Analysis, by Country
Chapter 6: Artificial Intelligence in Healthcare Market, by Application 6.1. Overview 6.1.1. Market Size and Forecast 6.2. Robot-Assisted Surgery 6.2.1. Market Size and Forecast 6.2.2. Market Analysis, by Country 6.3. Virtual Nursing Assistant 6.3.1. Market Size and Forecast 6.3.2. Market Analysis, by Country 6.4. Administrative Workflow Assistance 6.4.1. Market Size and Forecast 6.4.2. Market Analysis, by Country 6.5. Fraud Detection 6.5.1. Market Size and Forecast 6.5.2. Market Analysis, by Country 6.6. Dosage Error Reduction 6.6.1. Market Size and Forecast 6.6.2. Market Analysis, by Country 6.7. Clinical Trial Participant Identifier 6.7.1. Market Size and Forecast 6.7.2. Market Analysis, by Country 6.8. Preliminary Diagnosis 6.8.1. Market Size and Forecast 6.8.2. Market Analysis, by Country 6.9. Others 6.9.1. Market Size and Forecast 6.9.2. Market Analysis, by Country
Chapter 7: Artificial Intelligence in Healthcare Market, by End-user 7.1. Overview 7.1.1. Market Size and Forecast 7.2. Healthcare Providers 7.2.1. Market Size and Forecast 7.2.2. Market Analysis, by Country 7.3. Pharmaceuticals & Biotechnology Companies 7.3.1. Market Size and Forecast 7.3.2. Market Analysis, by Country 7.4. Patients 7.4.1. Market Size and Forecast 7.4.2. Market Analysis, by Country 7.5. Payer 7.5.1. Market Size and Forecast 7.5.2. Market Analysis, by Country
Chapter 8: Artificial Intelligence in Healthcare Market, by Region 8.1. Overview 8.1.1. Market Size and Forecast 8.2. North America 8.2.1. Key Market Trends and Opportunities 8.2.2. Market Size and Forecast, by Offering 8.2.3. Market Size and Forecast, by Algorithms 8.2.4. Market Size and Forecast, by Application 8.2.5. Market Size and Forecast, by End-user 8.2.6. Market Size and Forecast, by Country 8.2.6.1. U. S. Market Size and Forecast, by Offering 8.2.6.2. U. S. Market Size and Forecast, by Algorithms 8.2.6.3. U. S. Market Size and Forecast, by Application 8.2.6.4. U. S. Market Size and Forecast, by End-user 8.2.6.5. Canada Market Size and Forecast, by Offering 8.2.6.6. Canada Market Size and Forecast, by Algorithms 8.2.6.7. Canada Market Size and Forecast, by Application 8.2.6.8. Canada Market Size and Forecast, by End-user 8.2.6.9. Mexico Market Size and Forecast, by Offering 8.2.6.10. Mexico Market Size and Forecast, by Algorithms 8.2.6.11. Mexico Market Size and Forecast, by Application 8.2.6.12. Mexico Market Size and Forecast, by End-user 8.3. Europe 8.3.1. Key Market Trends and Opportunities 8.3.2. Market Size and Forecast, by Offering 8.3.3. Market Size and Forecast, by Algorithms 8.3.4. Market Size and Forecast, by Application 8.3.5. Market Size and Forecast, by End-user 8.3.6. Market Size and Forecast, by Country 8.3.6.1. Germany Market Size and Forecast, by Offering 8.3.6.2. Germany Market Size and Forecast, by Algorithms 8.3.6.3. Germany Market Size and Forecast, by Application 8.3.6.4. Germany Market Size and Forecast, by End-user 8.3.6.5. France Market Size and Forecast, by Offering 8.3.6.6. France Market Size and Forecast, by Algorithms 8.3.6.7. France Market Size and Forecast, by Application 8.3.6.8. France Market Size and Forecast, by End-user 8.3.6.9. UK Market Size and Forecast, by Offering 8.3.6.10. UK Market Size and Forecast, by Algorithms 8.3.6.11. UK Market Size and Forecast, by Application 8.3.6.12. UK Market Size and Forecast, by End-user 8.3.6.13. Italy Market Size and Forecast, by Offering 8.3.6.14. Italy Market Size and Forecast, by Algorithms 8.3.6.15. Italy Market Size and Forecast, by Application 8.3.6.16. Italy Market Size and Forecast, by End-user 8.3.6.17. Spain Market Size and Forecast, by Offering 8.3.6.18. Spain Market Size and Forecast, by Algorithms 8.3.6.19. Spain Market Size and Forecast, by Application 8.3.6.20. Spain Market Size and Forecast, by End-user 8.3.6.21. Rest of Europe Market Size and Forecast, by Offering 8.3.6.22. Rest of Europe Market Size and Forecast, by Algorithms 8.3.6.23. Rest of Europe Market Size and Forecast, by Application 8.3.6.24. Rest of Europe Market Size and Forecast, by End-user 8.4. Asia-Pacific 8.4.1. Key Market Trends and Opportunities 8.4.2. Market Size and Forecast, by Offering 8.4.3. Market Size and Forecast, by Algorithms 8.4.4. Market Size and Forecast, by Application 8.4.5. Market Size and Forecast, by End-user 8.4.6. Market Size and Forecast, by Country 8.4.6.1. Japan Market Size and Forecast, by Offering 8.4.6.2. Japan Market Size and Forecast, by Algorithms 8.4.6.3. Japan Market Size and Forecast, by Application 8.4.6.4. Japan Market Size and Forecast, by End-user 8.4.6.5. China Market Size and Forecast, by Offering 8.4.6.6. China Market Size and Forecast, by Algorithms 8.4.6.7. China Market Size and Forecast, by Application 8.4.6.8. China Market Size and Forecast, by End-user 8.4.6.9. Australia Market Size and Forecast, by Offering 8.4.6.10. Australia Market Size and Forecast, by Algorithms 8.4.6.11. Australia Market Size and Forecast, by Application 8.4.6.12. Australia Market Size and Forecast, by End-user 8.4.6.13. India Market Size and Forecast, by Offering 8.4.6.14. India Market Size and Forecast, by Algorithms 8.4.6.15. India Market Size and Forecast, by Application 8.4.6.16. India Market Size and Forecast, by End-user 8.4.6.17. South Korea Market Size and Forecast, by Offering 8.4.6.18. South Korea Market Size and Forecast, by Algorithms 8.4.6.19. South Korea Market Size and Forecast, by Application 8.4.6.20. South Korea Market Size and Forecast, by End-user 8.4.6.21. Taiwan Market Size and Forecast, by Offering 8.4.6.22. Taiwan Market Size and Forecast, by Algorithms 8.4.6.23. Taiwan Market Size and Forecast, by Application 8.4.6.24. Taiwan Market Size and Forecast, by End-user 8.4.6.25. Rest of Asia-Pacific Market Size and Forecast, by Offering 8.4.6.26. Rest of Asia-Pacific Market Size and Forecast, by Algorithms 8.4.6.27. Rest of Asia-Pacific Market Size and Forecast, by Application 8.4.6.28. Rest of Asia-Pacific Market Size and Forecast, by End-user 8.5. LAMEA 8.5.1. Key Market Trends and Opportunities 8.5.2. Market Size and Forecast, by Offering 8.5.3. Market Size and Forecast, by Algorithms 8.5.4. Market Size and Forecast, by Application 8.5.5. Market Size and Forecast, by End-user 8.5.6. Market Size and Forecast, by Country 8.5.6.1. Brazil Market Size and Forecast, by Offering 8.5.6.2. Brazil Market Size and Forecast, by Algorithms 8.5.6.3. Brazil Market Size and Forecast, by Application 8.5.6.4. Brazil Market Size and Forecast, by End-user 8.5.6.5. Saudi Arabia Market Size and Forecast, by Offering 8.5.6.6. Saudi Arabia Market Size and Forecast, by Algorithms 8.5.6.7. Saudi Arabia Market Size and Forecast, by Application 8.5.6.8. Saudi Arabia Market Size and Forecast, by End-user 8.5.6.9. South Africa Market Size and Forecast, by Offering 8.5.6.10. South Africa Market Size and Forecast, by Algorithms 8.5.6.11. South Africa Market Size and Forecast, by Application 8.5.6.12. South Africa Market Size and Forecast, by End-user 8.5.6.13. Rest of LAMEA Market Size and Forecast, by Offering 8.5.6.14. Rest of LAMEA Market Size and Forecast, by Algorithms 8.5.6.15. Rest of LAMEA Market Size and Forecast, by Application 8.5.6.16. Rest of LAMEA Market Size and Forecast, by End-user
Chapter 9: Company Profiles 9.1. Alphabet Inc. (Google Inc.) 9.1.1. Company Overview 9.1.1. Company Snapshot 9.1.2. Operating Business Segments 9.1.3. Product Portfolio 9.1.4. Business Performance 9.2. Enlitic Inc. 9.2.1. Company Overview 9.2.2. Company Snapshot 9.2.3. Product Portfolio 9.2.4. Key Strategic Moves and Developments 9.3. General Vision 9.3.1. Company Overview 9.3.2. Company Snapshot 9.3.3. Operating Business Segments 9.3.4. Product Portfolio 9.3.5. Key Strategic Moves and Developments 9.4. Icarbonx 9.4.1. Company Overview 9.4.2. Company Snapshot 9.4.3. Product Portfolio 9.4.4. Key Strategic Moves and Developments 9.5. Intel Corporation 9.5.1. Company Overview 9.5.2. Company Snapshot 9.5.3. Operating Business Segments 9.5.4. Product Portfolio 9.5.5. Business Performance 9.5.6. Key Strategic Moves and Developments 9.6. IBM Corporation 9.6.1. Company Overview 9.6.2. Company Snapshot 9.6.3. Operating Business Segments 9.6.4. Product Portfolio 9.6.5. Business Performance 9.6.6. Key Strategic Moves and Developments 9.7. Microsoft Corporation 9.7.1. Company Overview 9.7.2. Company Snapshot 9.7.3. Operating Business Segments 9.7.4. Product Portfolio 9.7.5. Business Performance 9.7.6. Key Strategic Moves and Developments 9.8. Nvidia Corporation 9.8.1. Company Overview 9.8.2. Company Snapshot 9.8.3. Operating Business Segments 9.8.4. Product Portfolio 9.8.5. Business Performance 9.8.6. Key Strategic Moves and Developments 9.9. Next It Corp. 9.9.1. Company Overview 9.9.2. Company Snapshot 9.9.3. Operating Business Segments 9.9.4. Product Portfolio 9.10. Welltok Inc. 9.10.1. Company Overview 9.10.2. Company Snapshot 9.10.3. Operating Business Segments 9.10.4. Product Portfolio 9.10.5. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown
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