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Artificial Intelligence in Healthcare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Report Format: PDF+Excel | Report ID: SR112023A2079
Market Overview:
The global artificial intelligence in healthcare market reached a value of US$ 3.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.7 Billion by 2027, exhibiting a CAGR of 31.23% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Artificial intelligence (AI) in healthcare is utilized for managing and analyzing data for performing clinical diagnosis and suggesting appropriate treatment plans for an ailment. It uses various software and sophisticated algorithms to evaluate symptoms and patterns of diseases while providing better guidance, feedback and support to the healthcare providers. Apart from this, systems equipped with AI can provide digital and virtual consultations to patients, offer drug creation and management facilities, and healthcare analysis through smart wearable devices.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Artificial Intelligence in Healthcare Market Trends:
The increasing utilization of robots for surgical and rehabilitation procedures in the healthcare industry is one of the key factors driving the growth of the market. Robots can efficiently conduct minimally invasive (MI) surgeries for neurologic, orthopedic and laparoscopic procedures. Furthermore, the emerging trend of digitalization in the healthcare sector is also providing a boost to the market. Various medical devices and systems are being equipped with AI for convenient and secure management of data. This further aids in generating patient-specific information which is utilized for providing personalized diagnostic and pharmaceutical services. The market is also being driven by the rising geriatric population and their increasing dependence on healthcare services. AI is largely being integrated into elderly care products, such as smart devices for assisted living, fall detection and virtual companions. These empathic robots can also provide care to physically and mentally challenged patients, while industrial robots are used to perform various routine tasks in healthcare centers. Other factors, including enhanced research and development (R&D), along with favorable healthcare policies by governments of several nations, are projected to drive the market in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global artificial intelligence in healthcare market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on offering, technology, application and end-user.
Breakup by Offering:
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Hardware
- Software
- Services
Breakup by Technology:
- Machine Learning
- Context-Aware Computing
- Natural Language Processing
- Others
Breakup by Application:
- Robot-Assisted Surgery
- Virtual Nursing Assistant
- Administrative Workflow Assistance
- Fraud Detection
- Dosage Error Reduction
- Clinical Trial Participant Identifier
- Preliminary Diagnosis
- Others
Breakup by End-User:
- Healthcare Providers
- Pharmaceutical and Biotechnology Companies
- Patients
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Amazon Web Services Inc., Cloudmedx Inc., DeepMind, Enlitic Inc., General Vision Inc., Google Inc., International Business Machines, iCarbonX, Intel Corporation, Medtronic, Micron Technology Inc., Microsoft Corporation, Next It Corporation, Nuance Communications Inc., Nvidia Corporation, Siemens Healthcare, Welltok Inc., etc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Offering, Technology, Application, End-User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Amazon Web Services Inc., Cloudmedx Inc., DeepMind, Enlitic Inc., General Vision Inc., Google Inc., International Business Machines, iCarbonX, Intel Corporation, Medtronic, Micron Technology Inc., Microsoft Corporation, Next It Corporation, Nuance Communications Inc., Nvidia Corporation, Siemens Healthcare and Welltok Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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