Artificial intelligence (AI) is the collection of computer programs or algorithms or software to make machines smarter and enable them to simulate human intelligence and perform various higher-order value-based tasks like visual perception, translation between languages, decision making and speech recognition. The rapidly evolving vast and complex healthcare industry is slowly deploying AI solutions into its mainstream workflows to increase the productivity of various healthcare services efficiently without burdening the healthcare personnel, to streamline and optimize the various healthcare-associated administrative workflows, to mitigate the physician deficit and burnout issues effectively, to democratize the value-based healthcare services across the globe and to efficiently accelerate the drug discovery and development process.
As estimated, the artificial intelligence in healthcare global market is expected to reach $35,323.5 million by 2027 growing at an exponential CAGR from 2020 to 2027 due to the gradual transition from volume to value-based healthcare, the surging need to accelerate and increase the efficiency of drug discovery and clinical trial processes, advancement of precision medicines, escalation of AI as a medical device, increasing prevalence of chronic, communicable diseases and escalating geriatric population and the increasing trend of acquisitions, collaborations, investments in the AI in healthcare market.
Artificial intelligence in healthcare global market is classified based on the application, end-user and geography.
Based on the application, the market is segmented into Medical diagnosis, drug discovery, precision medicines, clinical trials, Healthcare Documentation management and others consisting of AI guided robotic surgical procedures and AI-enhanced medical device and pharmaceutical manufacturing processes. The AI-powered Healthcare documentation management solutions segment accounted for the largest revenue in 2020 and is expected to grow at an exponential CAGR from 2020 to 2027. AI-enhanced Drug Discovery solutions segment is the fastest emerging segment, growing at an exponential CAGR from 2020 to 2027.
The artificial intelligence in healthcare global end-users market is grouped into Hospitals and Diagnostic Laboratories, Pharmaceutical companies, Research institutes and other end-users consisting of health insurance companies, medical device and pharmaceutical manufacturers and patients or individuals in the home-care settings. Among these end users, Hospitals and Diagnostic Laboratories segment accounted for the largest revenue in 2020 and is expected to grow at an exponential CAGR during the forecasted period. Pharmaceutical companies segment is the fastest-growing segment, growing at an exponential CAGR from 2020 to 2027.
The artificial intelligence in healthcare global market by geography is segmented into North America, Europe, Asia-Pacific and the Rest of the world (RoW). North American region dominated the global artificial intelligence in healthcare market in 2020 and is expected to grow at an exponential CAGR from 2020 to 2027. The Asia-Pacific region is the fastest-growing region, growing at an exponential CAGR from 2020 to 2027.
The artificial intelligence in healthcare market is consolidated with the top five players occupying majority of the market share and the remaining minority share of the market being occupied by other players. The top players in artificial intelligence in healthcare global market are International Business Machines (IBM) Corporation (IBM Watson) (U.S.), General Electric Company (U.S.), Microsoft Corporation (U.S.), Alphabet Inc. (U.S.), Nuance Communications Inc. (U.S.), Intel Corporation (U.S.), Medtronic PLC (Ireland), Nvidia Corporation (U.S.), Welltok Inc. (U.S.), Koninklijke Philips N.V. (The Netherlands), Babylon Health (U.K.), Recursion Pharmaceuticals Inc. (U.S.), Zebra Medical Vision, Inc. (Israel), Insilico Medicine Inc. (Hong Kong), Sensely Inc. (U.S.), Atomwise, Inc. (U.S.), Beijing Infervision Technology Co., Ltd (China) and others.
The report provides an in-depth market analysis of the above-mentioned segments across the following regions:
- North America
- U.S.
- Europe
- U.K.
- Asia-Pacific
- China
- Rest of the World (RoW)
Table of Contents
1 Executive Summary
Samples
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Companies Mentioned
- BIGS
- A2A Pharmaceuticals
- Abalone Bio
- AbCellera
- Ablacon Inc.
- Accutar Biotech
- Acurastem
- Ada Health
- Adagene
- Aetion
- AI Therapeutics
- AiCure LLC
- Aidoc
- Aiforia
- Aiva Health
- Allstripes (RDMD)
- Alphabet Inc.
- Alphanosos
- Amplion
- Antidote.me
- Antiverse
- Apixio
- Aqemia
- Arbor Biotechnologies
- Arctoris
- Ardigen
- Ares Genetics
- Arterys Inc.
- ArtiQ
- Athelas
- Atomwise, Inc.
- Aural Analytics
- Auransa
- Autism & beyond
- Babylon Health
- BeaconCure
- Behold.ai Technologies Limited
- Beijing Infervision Co., Ltd
- BenchSci
- BenevolentAI
- Berkeley Lights
- Beyond Verbal
- BigHat Biosciences
- Bio Conscious Technologies
- BioAge Labs
- Biofourmis
- Biorelate
- BioSymetrics
- Biotrillion
- Biotx.ai
- BioXcel Therapeutics
- BlackThorn Therapeutics
- Bodyport
- Bot M.D.
- Braid Health
- BrainQ
- BullFrog AI
- Buoy Health
- Cambridge Cancer Genomics
- Caption Health
- CardiodiagnosticsInc. Inc.
- Cardiologs
- CarePredict
- CareVoice
- CaroCure
- Castor
- Causaly
- Cellarity
- CellmatiQ
- Celsium
- Celsius Therapeutics
- ChemPass
- Clarify Health
- Clearstep
- Cloud Pharmaceuticals
- CloudMedx
- Clover Therapeutics
- Collaborations Pharma
- Color
- Concerto HealthAI
- ContinUse Biometrics
- Coral Genomics
- Corti ApS
- Cover2Protect
- Curai
- Curemetrix
- Current Health
- Cyclica
- Cyrcadia Health
- CytoReason
- Data2Discovery
- Data4Cure
- Datavant
- Deep 6 AI
- Deep Genomics Inc.
- Deep Intelligent Pharma
- Deep Lens
- DeePathology.ai
- DeepMatter
- DeepTrait
- Delta 4
- Denovicon Therapeutics
- Desktop Genetics
- Dexstr
- diagnostics.ai
- Doc.ai
- DocSynk
- Dyno Therapeutics
- Eigengene
- Eko
- Elucidata Corporation
- Emedgene
- Emerald Cloud Lab
- EmpiricLogic
- Empirico
- Engine Biosciences
- Enlitic Inc.
- EntheogeniX Biosciences
- Envisagenics
- Erasca
- Euretos
- Evid Science
- Evidation Health
- Exploris AG
- Exscientia
- EyeControl
- Ezra
- FDNA
- Ferrum
- Fetch Biosciences
- FitGenie
- Fountain Therapeutics
- Freenome
- Frontier Medicines
- Gatehouse Bio
- General Electric Company
- General Vision, Inc.
- Genesis Therapeutics
- Genialis
- Geras Solutions
- Gero
- Gleamer
- Globavir
- Glympse Bio
- Gordian Biotechnology
- Gritstone Oncology
- GT Apeiron Therapeutics
- GTN
- HACARUS
- Harrison.ai
- Haut.AI
- Haystack Sciences
- Health[at]Scale
- HealthifyMe
- Healthy.io
- Healx
- HelixAI
- HistoIndex
- HuiMeiHealthcare
- Huma.ai
- Huma (Medopad)
- Ibex Medical Analytics
- IBM Corporation (IBM Watson)
- iCarbonX
- Idx
- Iktos
- Imagia
- Inato
- Infermedica
- Innoplexus
- Insightin Health
- InsightRX
- Insiliance
- Insilico Medicine Inc.
- Insitro
- Intel Corporation
- Intellegens
- Intelligencia
- InveniAI
- inveox
- InVivo AI
- Iris.ai
- iThermo (KroniKare.ai)
- Jvion
- K Health
- Kaia Health
- Keen Eye Technologies
- KenSci
- Koninklijke Philips N.V.(Royal Philips)
- Kyndi
- LabGenius
- LabTwin GmbH
- LabVoice
- Lantern Pharma
- Lark
- Leben Care
- LeanTaas
- Life Whisperer
- Lifebit
- Lodo Therapeutics
- Lumiata
- Lunit
- LynxCare
- MAbSilico
- Massive Bio
- Maverick Medical AI
- MaxQ AI
- Medable
- Medignition
- Mediktor
- MediRita
- Medtronic PLC
- MedWhat
- Mendel.ai
- Menten Biotechnology Labs
- Meta
- Micar Innovation
- Microsoft Corporation
- Molecular Health GmbH
- Molecule.one
- Molomics
- Mozi
- mPulse Mobile
- Myia Labs
- Nanna Therapeutics
- NarrativeDx
- Neon Therapeutics
- NetraMark
- NextHealth Technologies Inc.
- nference
- Niramai Health Analytix Pvt Ltd
- Notable
- Novadiscovery
- nQ Medical
- Nuance Communications Inc.
- Nucleai
- NuMedii, Inc.
- Nuritas
- Nutrino
- Nvidia Corporation
- OccamzRazor
- Olive
- OM1
- Omicx
- Oncocross
- Oncora Medical Inc.
- OneThree Biotech
- OrCam
- Owkin
- Oxipit.ai
- Paige.AI
- PatchAi
- PathAI
- PEACCEL
- Pearl
- Pending.ai
- Pepticom
- Peptone
- Percayai
- Perceiv Research
- PharmCADD
- Pharos iBT
- Phenomic AI
- Plex Research
- Polaris Quantum Biotech
- Potrero Medical
- Praktice.ai
- Precisionlife
- Prognos
- Proscia
- ProteinQure
- Protenus
- Qrativ
- Quantib
- Quantitative Medicine
- Quartet
- Qulab
- Qure.ai
- Qventus
- Qynapse
- Recursion Pharmaceuticals Inc.
- Relay Therapeutics
- Remedium
- RenalytixAI
- Researchably
- Resonant Therapeutics
- Retina AI
- Reveal Biosciences
- Reverie Labs
- ReviveMed
- Risalto Health
- Robin Healthcare
- Scailyte
- sciNote
- See-Mode
- Sema4
- SEngine Precision Medicine
- Sensely Inc.
- Sensyne Health
- SerenusAI
- Shivom
- Sift Healthcare
- Sight Diagnostics
- SigTuple Technologies Private Limited
- Sirenas
- SkinVision
- SmartPlate
- SNAQ
- Sophia Genetics
- Sopris Health
- Sparrho
- Spring Discovery
- Spring Health
- Standigm, Inc.
- StethoMe
- StoneWise
- Strateos
- Structura Biotechnology
- StuffThatWorks
- Suki
- Sword Health
- Synsight
- Synthace
- Systems Oncology
- TARA Biosystems
- Tempus
- TeselaGen
- ThoughtSpot
- TNH Health
- Transformative AI Ltd.
- Triage
- Trials.ai
- Tricog
- Turbine.AI
- twoXAR,Incorporated
- uBiome
- Ucare.ai
- Unlearn.ai
- Unnatural Products
- Valo Health LLC (Numerate Inc.)
- Vara
- Variational AI
- Verge Genomics
- VERISIM Life
- Vida Health
- Vine Health
- Viome
- Virvio
- Viz.ai
- Voxel Cloud
- Vuno Inc.
- Vyasa
- Welltok Inc.
- WinterLight Labs
- Wisecube AI
- Woebot
- Wysa
- X-37
- Xbiome
- Xcures
- XtalPi
- Your.MD Ltd.
- ZebiAI
- Zebra Medical Vision Inc.