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Global AI in Healthcare Market Size, Share & Trends Analysis Report by Component (Software Solutions, Hardware, Services), Application (Virtual Assistants, Connected Machines), Region, and Segment Forecasts, 2024-2030

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    Report

  • 150 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 5351653
The global AI in healthcare market size is expected to reach USD 208.2 billion by 2030, according to the report. The market is projected to grow at a CAGR of 36.4% from 2024 to 2030. Growing demand for personalized medicine, rising demand for value-based care, growing datasets of patient health-related digital information, advancements in healthcare IT infrastructure, penetration of smartphones, improved internet connectivity, and shortage of care providers are propelling market growth.

In addition, changing lifestyles, growing geriatric population, and rising prevalence of chronic diseases have contributed to the need for faster and more accurate disease detection and enhanced understanding of diseases in the early stage, thereby driving the adoption of technologies based on Artificial Intelligence (AI) in healthcare. COVID-19 positively impacted the adoption of AI-based technologies and unveiled the potential they hold. Healthcare systems began adopting AI-based technologies for faster and early diagnosis & detection of diseases and quicker & accurate clinical trials.

Furthermore, AI-based technologies were implemented in virtual assistants, robot-assisted surgeries, claims management, cybersecurity, and patient management. AI algorithms were trained with patient health datasets to optimize the diagnosis and detection of diseases at an early stage, to begin with an optimum treatment regime. Supportive government initiatives, growing number of investments from private investors and venture capitalists, and emergence of AI-specialized startups globally are driving the market growth. Software solutions dominated in 2023, owing to its rising adoption rates in healthcare systems and growing penetration of these technologies in various applications.

The clinical trials segment dominated in 2023, owing to the adoption of these technologies in clinical trial designing, study adherence, patient recruitment, and minimized patient dropout. The North America region dominated in 2023, owing to the availability of optimum IT infrastructure, technological literacy, presence of key players & local developers, and lucrative funding options. Key players are focusing on devising innovative product development strategies through mergers & acquisitions and collaborations to expand their product portfolio and cater to larger business geographies.

AI In Healthcare Market Report Highlights

  • The AI in healthcare market size is anticipated to be estimated at USD 208.2 billion by 2030, owing to growing datasets of patient health-related information, advancing healthcare IT infrastructure, and growing need for accurate and early disease diagnosis
  • In terms of component, the software solutions segment dominated the global market in 2023 with the largest revenue share of 40.5%. This large share is attributed to the widespread adoption of AI-based software solutions among care providers, payers, and patients
  • Based on application, the robot assisted surgery segment dominated the market in 2023 with the largest revenue share of 24.5% and it is anticipated to witness the fastest CAGR of 39.2% from 2024 to 2030. The increase in the number of robot-assisted surgeries and rise in investment for development of new AI platforms are among few key factors supporting the penetration of AI in robot-assisted surgeries
  • Based on region, the North America region dominated the market in 2023, owing to advancements in healthcare IT infrastructure, readiness to adopt advanced technologies, presence of several key players, growing geriatric population, and rising prevalence of chronic diseases

Table of Contents

Chapter 1 Research Methodology & Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Research Methodology
1.3.1 Information Procurement
1.3.1.1 Purchased database:
1.3.1.2 Internal database
1.3.2 Primary Research:
1.4 Research Scope and Assumptions
1.5 List of 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
3.1.1 Parent market outlook
3.1.2 Related/ancillary market outlook
3.2 Penetration and Growth Prospect Mapping
3.3 User Perspective Analysis
3.3.1 Consumer behavior analysis
3.3.2 Market influencer analysis
3.4 List of Key End-users
3.5 Technology Overview
3.6 Regulatory Framework
3.7 Market Dynamics
3.7.1 Market Driver Analysis
3.7.2 Market Restraint Analysis
3.7.3 Industry Challenges
3.8 Global Artificial Intelligence In Healthcare Market Analysis Tools
3.8.1 Industry Analysis - Porter’s
3.8.1.1 Bargaining power of the suppliers
3.8.1.2 Bargaining power of the buyers
3.8.1.3 Threats of substitution
3.8.1.4 Threats from new entrants
3.8.1.5 Competitive rivalry
3.8.2 PESTEL Analysis
3.8.2.1 Political landscape
3.8.2.2 Economic and Social landscape
3.8.2.3 Technology landscape
3.8.2.4 Legal landscape
3.8.2.5 Technology landscape
3.9 Major Deals & Strategic Alliances Analysis
3.9.1 Joint Ventures
3.9.2 Mergers & Acquisitions
3.9.3 Licensing & Partnership
3.9.4 Technology Collaborations
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, 2023 and 2030
4.3 Software solutions
4.3.1 Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4 Hardware
4.4.1 Market estimates and forecasts, 2018 - 2030 (USD Million)
4.5 Services
4.5.1 Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5 Artificial Intelligence In Healthcare Market: Application Estimates & Trend Analysis
5.1 Definitions & Scope
5.2 Market: Application Market Share Analysis, 2023 and 2030
5.3 Robot assisted surgery
5.3.1 Market estimates and forecasts, 2018 - 2030 (USD Million)
5.4 Virtual assistants
5.4.1 Market estimates and forecasts, 2018 - 2030 (USD Million)
5.5 Administrative workflow assistants
5.5.1 Market estimates and forecasts, 2018 - 2030 (USD Million)
5.6 Connected machines
5.6.1 Market estimates and forecasts, 2018 - 2030 (USD Million)
5.7 Diagnosis
5.7.1 Market estimates and forecasts, 2018 - 2030 (USD Million)
5.8 Clinical trials
5.8.1 Market estimates and forecasts, 2018 - 2030 (USD Million)
5.9 Fraud detection
5.9.1 Market estimates and forecasts, 2018 - 2030 (USD Million)
5.10 Cybersecurity
5.10.1 Market estimates and forecasts, 2018 - 2030 (USD Million)
5.11 Dosage error reduction
5.11.1 Market estimates and forecasts, 2018 - 2030 (USD Million)
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
6.2.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.2.2 U.S.
6.2.2.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.2.3 Canada
6.2.3.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.3 Europe
6.3.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.3.2 UK
6.3.2.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.3.3 Germany
6.3.3.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.3.4 France
6.3.4.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.3.5 Italy
6.3.5.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.3.6 Spain
6.3.6.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.3.7 Russia
6.3.7.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.4 Asia Pacific
6.4.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.4.2 Japan
6.4.2.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.4.3 China
6.4.3.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.4.4 India
6.4.4.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.4.5 Australia
6.4.5.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.4.6 South Korea
6.4.6.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.4.7 Singapore
6.4.7.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.5 Latin America
6.5.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.5.2 Brazil
6.5.2.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.5.3 Mexico
6.5.3.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.5.4 Argentina
6.5.4.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.6 MEA
6.6.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.6.2 Saudi Arabia
6.6.2.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.6.3 South Africa
6.6.3.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
6.6.4 UAE
6.6.4.1 Market estimates and forecasts by component, and application 2018 - 2030 (USD Million)
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
7.3.1 List of key distributors and channel partners
7.4 Public Companies
7.4.1 Company Market Position Analysis (Geographic Presence, Product Portfolio, Key Alliance, Industry Experience)
7.5 Private Companies
7.5.1 List of Key Emerging Companies /Technology Disruptors/Innovators
7.5.2 Company Market Position Analysis (Geographic Presence, Product Portfolio, Key Alliance, Industry Experience)
Chapter 8 Artificial Intelligence In Healthcare Market: Technology Qualitative Trend & Dynamic Analysis
8.1 Qualitative Trend & Dynamic Analysis
8.1.1 Machine Learning
8.1.2 Natural Language Processing
8.1.3 Computer Vision
8.1.4 Context Aware Processing
Chapter 9 Company Profiles
9.1 IBM Corporation
9.1.1 Company overview
9.1.2 Financial performance
9.1.3 Product benchmarking
9.1.4 Strategic initiatives
9.2 Microsoft
9.2.1 Company overview
9.2.2 Financial performance
9.2.3 Product benchmarking
9.2.4 Strategic initiatives
9.3 Intel Corporation
9.3.1 Company overview
9.3.2 Financial performance
9.3.3 Product benchmarking
9.3.4 Strategic initiatives
9.4 NVIDIA Corporation
9.4.1 Company overview
9.4.2 Financial performance
9.4.3 Product benchmarking
9.4.4 Strategic initiatives
9.5 Nuance Communications, Inc.
9.5.1 Company overview
9.5.2 Financial performance
9.5.3 Product benchmarking
9.5.4 Strategic initiatives
9.6 DeepMind Technologies Limited
9.6.1 Company overview
9.6.2 Financial performance
9.6.3 Product benchmarking
9.6.4 Strategic initiatives
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, 2018 - 2030 (USD Million)
Table 6 North America artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 7 U.S. artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 8 U.S. artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 9 Canada artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 10 Canada artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 11 Europe artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 12 Europe artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 13 UK artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 14 UK artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 15 Germany artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 16 Germany artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 17 Spain artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 18 Spain artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 19 Italy artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 20 Italy artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 21 France artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 22 France artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 23 Russia artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 24 Russia artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 25 Asia Pacific artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 26 Asia Pacific artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 27 China artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 28 China artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 29 Japan artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 30 Japan artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 31 South Korea artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 32 South Korea artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 33 India artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 34 India artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 35 Australia artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 36 Australia artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 37 Singapore artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 38 Singapore artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 39 Latin America artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 40 Latin America artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 41 Brazil artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 42 Brazil artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 43 Mexico artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 44 Mexico artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 45 Argentina artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 46 Argentina artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 47 MEA artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 48 MEA artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 49 South Africa artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 50 South Africa artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 51 Saudi Arabia artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 52 Saudi Arabia artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (USD Million)
Table 53 UAE artificial intelligence in healthcare market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 54 UAE artificial intelligence in healthcare market revenue estimates and forecasts, by component, 2018 - 2030 (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, 2023 (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 the healthcare market, Component outlook key takeaways (USD Million)
Fig. 13 Artificial intelligence in healthcare market: Component movement analysis 2023 & 2030 (USD Million)
Fig. 14 Software solutions market revenue estimates and forecast, 2018 - 2030 (USD Million)
Fig. 15 Hardware market revenue estimates and forecast, 2018 - 2030 (USD Million)
Fig. 16 Services market revenue estimates and forecast, 2018 - 2030 (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 2023 & 2030 (USD Million)
Fig. 19 Artificial intelligence in robot assisted surgery market revenue estimates and forecast, 2018 - 2030 (USD Million)
Fig. 20 Artificial intelligence in virtual assistants market revenue estimates and forecast, 2018 - 2030 (USD Million)
Fig. 21 Artificial intelligence in administrative workflow assistants market revenue estimates and forecast, 2018 - 2030 (USD Million)
Fig. 22 Artificial intelligence in connected machines market revenue estimates and forecast, 2018 - 2030 (USD Million)
Fig. 23 Artificial intelligence in diagnostics market revenue estimates and forecast, 2018 - 2030 (USD Million)
Fig. 24 Artificial intelligence in clinical trials market revenue estimates and forecast, 2018 - 2030 (USD Million)
Fig. 25 Artificial intelligence in fraud detection market revenue estimates and forecast, 2018 - 2030 (USD Million)
Fig. 26 Artificial intelligence in cybersecurity market revenue estimates and forecast, 2018 - 2030 (USD Million)
Fig. 27 Artificial intelligence in dosage error deduction market revenue estimates and forecast, 2018 - 2030 (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 2021 & 2030 (USD Million)
Fig. 30 North America artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 U.S. artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 32 Canada artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 33 Europe artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 34 UK artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Germany artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Spain artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Italy artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 France artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 Russia artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 Asia Pacific artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 China artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 42 Japan artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 South Korea artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 India artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 Singapore artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 46 Australia artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Latin America artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (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, 2018 - 2030 (USD Million)
Fig. 50 Mexico artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 51 Argentina artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 52 MEA artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (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, 2018 - 2030 (USD Million)
Fig. 55 Saudi Arabia artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 56 UAE artificial intelligence in healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 57 List of key emerging companies/technology disruptors/innovators
Fig. 58 Company market share analysis/Company market position analysis, 2023
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

Companies Profiled

  • IBM Corporation
  • Microsoft
  • Intel Corporation
  • NVIDIA Corporation
  • Nuance Communications, Inc.
  • DeepMind Technologies Limited

Methodology

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