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Artificial Intelligence in Healthcare Market Size, Share & Trends Analysis Report by Component (Software Solutions, Hardware, Service), Application (Robot Assisted Surgery, Connected Machines, Clinical Trials), and Segment Forecasts, 2021-2028

  • ID: 5351653
  • Report
  • May 2021
  • Region: Global
  • 150 pages
  • Grand View Research
The global artificial intelligence in healthcare market size is expected to reach USD 120.2 billion by 2028 and is expected to expand at a CAGR of 41.8% over the forecast period. Growing technological advancements coupled with an increasing need for efficient and innovative solutions to enhance clinical and operational outcomes is contributing to market growth. The pressure for cutting down spending is rising globally as the cost of healthcare is growing faster than the growth of economies. Advancements in healthcare IT present opportunities to cut down spending by improving care delivery and clinical outcomes. Thus, the demand for AI technologies is expected to increase in the coming years.

Moreover, the ongoing COVID-19 pandemic and the introduction of technologically advanced products to improve patient care are factors anticipated to drive growth further in the coming years. The ongoing COVID-19 pandemic is further driving the adoption of AI in various applications such as clinical trials, diagnosis, and virtual assistants to add value to health care by analyzing complicated medical images of patient’s complications and supporting clinicians in detection as well as diagnosis. Moreover, an increase in the number of AI startups coupled with high investments by venture capitalist firms for developing innovative technologies that support fast and effective patient management, due to a significant increase in the number of patients suffering from chronic diseases, is driving the market.

In addition, the shortage of public health workforce has become a major concern in many countries around the world. This can mainly be attributed to the growing demand for physicians, which is higher than the supply of physicians. As per the WHO estimates in 2019, the global shortage of skilled personnel including nurses, doctors, and other professionals was approximately 4.3 million. Thus, the shortage of a skilled workforce is contributing to the demand for artificial intelligence-enabled systems in the industry.

Artificial Intelligence In Healthcare Market Report Highlights

  • The market is anticipated to witness significant growth over the forecast period owing to the rapidly increasing application of artificial intelligence in this space
  • The software component segment dominated the market in 2020 owing to the increased development of AI-based software solutions
  • The clinical trials segment dominated the market in 2020 owing to the easy commercial availability of AI-based product in clinical trial applications that use AI technology to identify patterns from doctor-patient interaction related data to deliver a personalized medicine
  • North America dominated the market in 2020 owing to the growing adoption of healthcare IT solutions, increasing funding for the development of AI capabilities, and the well-established healthcare sector
Note: Product cover images may vary from those shown
Chapter 1 Research Methodology & Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Research Methodology
1.4 Research Scope and Assumptions
1.5 List to Data Sources

Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
2.4 Global Artificial Intelligence in Healthcare Snapshot

Chapter 3 Global Artificial Intelligence In Healthcare Market Variables, Trends, & Scope
3.1 Artificial Intelligence In Healthcare Market Lineage Outlook
3.2 Penetration and Growth Prospect Mapping
3.3 User Perspective Analysis
3.4 List of Key End-users
3.5 Technology Overview
3.6 Regulatory Framework
3.7 Market Dynamics
3.8 Global Artificial Intelligence In Healthcare Market Analysis Tools
3.9 Major Deals & Strategic Alliances Analysis
3.10 Impact of COVID-19 Pandemic on Artificial Intelligence In Healthcare Market

Chapter 4 Artificial Intelligence In Healthcare Market: Component Estimates & Trend Analysis
4.1 Definitions & Scope
4.2 Market: Component Market Share Analysis, 2020 and 2028
4.3 Software solutions
4.4 Hardware
4.5 Services

Chapter 5 Artificial Intelligence In Healthcare Market: Application Estimates & Trend Analysis
5.1 Definitions & Scope
5.2 Market: Application Market Share Analysis, 2020 and 2028
5.3 Robot assisted surgery
5.4 Virtual assistants
5.5 Administrative workflow assistants
5.6 Connected machines
5.7 Diagnosis
5.8 Clinical trials
5.9 Fraud detection
5.10 Cybersecurity
5.11 Dosage error reduction

Chapter 6 Artificial Intelligence In Healthcare Market: Regional Estimates & Trend Analysis, By Component, and application
6.1 Market: Regional Movement Analysis
6.2 North America
6.3 Europe
6.4 Asia Pacific
6.5 Latin America
6.6 MEA

Chapter 7 Competitive Analysis
7.1 Recent Developments & Impact Analysis, By Key Market Participants
7.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
7.3 Vendor Landscape
7.4 Public Companies
7.5 Private Companies

Chapter 8 Artificial Intelligence In Healthcare Market: Technology Qualitative Trend & Dynamic Analysis
8.1 Qualitative Trend & Dynamic Analysis

Chapter 9 Company Profiles
9.1 IBM Corporation
9.2 Microsoft
9.3 Intel Corporation
9.4 NVIDIA Corporation
9.5 Nuance Communications, Inc.
9.6 DeepMind Technologies Limited
9.7 List of Other Players

List of Tables
Table 1 List of key end users
Table 2 List of distributors and channel partners
Table 3 List of key emerging companies/technology disruptors/innovators
Table 4 List of key players, by region
Table 5 North America artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 6 North America artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 7 U.S. artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 8 U.S. artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 9 Canada artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 10 Canada artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 11 Europe artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 12 Europe artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 13 U.K. artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 14 U.K. artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 15 Germany artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 16 Germany artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 17 Spain artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 18 Spain artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 19 Italy artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 20 Italy artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 21 France artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 22 France artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 23 Russia artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 24 Russia artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 25 Asia Pacific artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 26 Asia Pacific artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 27 China artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 28 China artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 29 Japan artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 30 Japan artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 31 South Korea artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 32 South Korea artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 33 India artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 34 India artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 35 Australia artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 36 Australia artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 37 Singapore artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 38 Singapore artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 39 Latin America artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 40 Latin America artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 41 Brazil artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 42 Brazil artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 43 Mexico artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 44 Mexico artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 45 Argentina artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 46 Argentina artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 47 MEA artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 48 MEA artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 49 South Africa artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 50 South Africa artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 51 Saudi Arabia artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 52 Saudi Arabia artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 53 UAE artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2016-2028 (USD Million)
Table 54 UAE artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2016-2028 (USD Million)
Table 55 List of other major players

List of Figures
Fig. 1 Artificial Intelligence (AI) in Diagnostics market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Artificial Intelligence (AI) in Diagnostics market summary, 2020, (USD Million)
Fig. 6 Artificial Intelligence (AI) in Diagnostics market trends & outlook
Fig. 7 Penetration & growth prospect mapping
Fig. 8 Market driver analysis (Current & future impact)
Fig. 9 AI in healthcare startups, 2020
Fig. 10 Value proposition of funded AI-based healthcare companies
Fig. 11 Market restraint analysis (Current & future impact)
Fig. 12 Artificial intelligence in healthcare market, Component outlook key takeaways (USD Million)
Fig. 13 Artificial intelligence in healthcare market: Component movement analysis 2020 & 2028 (USD Million)
Fig. 14 Software solutions market revenue estimates and forecast, 2016-2028 (USD Million)
Fig. 15 Hardware market revenue estimates and forecast, 2016-2028 (USD Million)
Fig. 16 Services market revenue estimates and forecast, 2016-2028 (USD Million)
Fig. 17 Artificial intelligence in healthcare market, application outlook key takeaways (USD Million)
Fig. 18 Artificial intelligence in healthcare market: Application movement analysis 2020 & 2028 (USD Million)
Fig. 19 Artificial intelligence in robot assisted surgery market revenue estimates and forecast, 2016-2028 (USD Million)
Fig. 20 Artificial intelligence in virtual assistants market revenue estimates and forecast, 2016-2028 (USD Million)
Fig. 21 Artificial intelligence in administrative workflow assistants market revenue estimates and forecast, 2016-2028 (USD Million)
Fig. 22 Artificial intelligence in connected machines market revenue estimates and forecast, 2016-2028 (USD Million)
Fig. 23 Artificial intelligence in diagnostics market revenue estimates and forecast, 2016-2028 (USD Million)
Fig. 24 Artificial intelligence in clinical trials market revenue estimates and forecast, 2016-2028 (USD Million)
Fig. 25 Artificial intelligence in fraud detection market revenue estimates and forecast, 2016-2028 (USD Million)
Fig. 26 Artificial intelligence in cybersecurity market revenue estimates and forecast, 2016-2028 (USD Million)
Fig. 27 Artificial intelligence in dosage error deduction market revenue estimates and forecast, 2016-2028 (USD Million)
Fig. 28 Artificial intelligence in healthcare market, regional outlook key takeaways (USD Million)
Fig. 29 Artificial intelligence in healthcare market: Regional movement analysis 2020 & 2028 (USD Million)
Fig. 30 North America artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 31 U.S. artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 32 Canada artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 33 Europe artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 34 U.K. artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 35 Germany artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 36 Spain artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 37 Italy artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 38 France artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 39 Russia artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 40 Asia Pacific artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 41 China artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 42 Japan artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 43 South Korea artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 44 India artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 45 Singapore artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 46 Australia artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 47 Latin America artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 48 Latin America artificial intelligence in healthcare market share analysis by country (%)
Fig. 49 Brazil artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 50 Mexico artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 51 Argentina artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 52 MEA artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 53 MEA artificial intelligence in healthcare market share analysis by country (%)
Fig. 54 South Africa artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 55 Saudi Arabia artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 56 UAE artificial intelligence in healthcare market revenue estimates and forecasts, 2016-2028 (USD Million)
Fig. 57 List of key emerging companies/technology disruptors/innovators
Fig. 58 Company market share analysis/Company market position analysis, 2020
Fig. 59 Company market share analysis/Company market position analysis for public players
Fig. 60 Company market share analysis/Company market position analysis for private players
Note: Product cover images may vary from those shown
  • IBM Corporation
  • Microsoft
  • Intel Corporation
  • NVIDIA Corporation
  • Nuance Communications, Inc.
  • DeepMind Technologies Limited
Note: Product cover images may vary from those shown

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