The global artificial intelligence in healthcare market is currently witnessing robust growth. 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.
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. Looking forward, IMARC Group expects the market to register a CAGR of around 42% during 2020-2025.
Breakup by Offering:
- 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:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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.
Key Questions Answered in This Report:
- How has the global artificial intelligence in healthcare market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What is the breakup of the market based on the offering?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end-user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global artificial intelligence in healthcare market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Artificial Intelligence in Healthcare Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Offering
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Technology
7.1 Machine Learning
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Context Aware Computing
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Natural Language Processing
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Robot-Assisted Surgery
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Virtual Nursing Assistant
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Administrative Workflow Assistance
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Fraud Detection
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Dosage Error Reduction
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Clinical Trial Participant Identifier
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Preliminary Diagnosis
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by End-User
9.1 Healthcare Providers
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Pharmaceutical and Biotechnology Companies
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Patients
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Amazon Web Services Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Cloudmedx Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 DeepMind
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.4 Enlitic Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 General Vision Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Google
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 SWOT Analysis
15.3.7 International Business Machines
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 iCarbonX
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Intel Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Medtronic
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Micron Technology Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Microsoft Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
15.3.13 Next It Corporation
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.14 Nuance Communications Inc.
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio
15.3.14.3 Financials
15.3.14.4 SWOT Analysis
15.3.15 Nvidia Corporation
15.3.15.1 Company Overview
15.3.15.2 Product Portfolio
15.3.15.3 Financials
15.3.15.4 SWOT Analysis
15.3.16 Siemens Healthcare
15.3.16.1 Company Overview
15.3.16.2 Product Portfolio
15.3.16.3 Financials
15.3.16.4 SWOT Analysis
15.3.17 Welltok Inc.
15.3.17.1 Company Overview
15.3.17.2 Product Portfolio
List of Figures
Figure 1: Global: Artificial Intelligence in Healthcare Market: Major Drivers and Challenges
Figure 2: Global: Artificial Intelligence in Healthcare Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Artificial Intelligence in Healthcare Market: Breakup by Offering (in %), 2019
Figure 4: Global: Artificial Intelligence in Healthcare Market: Breakup by Technology (in %), 2019
Figure 5: Global: Artificial Intelligence in Healthcare Market: Breakup by Application (in %), 2019
Figure 6: Global: Artificial Intelligence in Healthcare Market: Breakup by End-User (in %), 2019
Figure 7: Global: Artificial Intelligence in Healthcare Market: Breakup by Region (in %), 2019
Figure 8: Global: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Artificial Intelligence in Healthcare (Hardware) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Artificial Intelligence in Healthcare (Hardware) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Artificial Intelligence in Healthcare (Software) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Artificial Intelligence in Healthcare (Software) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Artificial Intelligence in Healthcare (Services) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Artificial Intelligence in Healthcare (Services) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Artificial Intelligence in Healthcare (Machine Learning) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Artificial Intelligence in Healthcare (Machine Learning) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Artificial Intelligence in Healthcare (Context Aware Computing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Artificial Intelligence in Healthcare (Context Aware Computing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Artificial Intelligence in Healthcare (Natural Language Processing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Artificial Intelligence in Healthcare (Natural Language Processing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Artificial Intelligence in Healthcare (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Artificial Intelligence in Healthcare (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Artificial Intelligence in Healthcare (Robot-Assisted Surgery) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Artificial Intelligence in Healthcare (Robot-Assisted Surgery) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Artificial Intelligence in Healthcare (Virtual Nursing Assistant) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Artificial Intelligence in Healthcare (Virtual Nursing Assistant) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Artificial Intelligence in Healthcare (Administrative Workflow Assistance) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Artificial Intelligence in Healthcare (Administrative Workflow Assistance) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Artificial Intelligence in Healthcare (Fraud Detection) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Artificial Intelligence in Healthcare (Fraud Detection) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Artificial Intelligence in Healthcare (Dosage Error Reduction) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Artificial Intelligence in Healthcare (Dosage Error Reduction) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Artificial Intelligence in Healthcare (Clinical Trial Participant Identifier) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Artificial Intelligence in Healthcare (Clinical Trial Participant Identifier) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Artificial Intelligence in Healthcare (Preliminary Diagnosis) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Artificial Intelligence in Healthcare (Preliminary Diagnosis) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Artificial Intelligence in Healthcare (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Artificial Intelligence in Healthcare (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Global: Artificial Intelligence in Healthcare (Healthcare Providers) Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Global: Artificial Intelligence in Healthcare (Healthcare Providers) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Global: Artificial Intelligence in Healthcare (Pharmaceutical and Biotechnology Companies) Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Global: Artificial Intelligence in Healthcare (Pharmaceutical and Biotechnology Companies) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Global: Artificial Intelligence in Healthcare (Patients) Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Global: Artificial Intelligence in Healthcare (Patient) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Global: Artificial Intelligence in Healthcare (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Global: Artificial Intelligence in Healthcare (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: North America: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: North America: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: United States: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: United States: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: Canada: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: Canada: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Asia Pacific: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Asia Pacific: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: China: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: China: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: Japan: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: Japan: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: India: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: India: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: South Korea: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: South Korea: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: Australia: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: Australia: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: Indonesia: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: Indonesia: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Others: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Others: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Europe: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Europe: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Germany: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Germany: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: France: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: France: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: United Kingdom: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: United Kingdom: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: Italy: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: Italy: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Spain: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: Spain: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: Russia: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 82: Russia: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 83: Others: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 84: Others: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 85: Latin America: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 86: Latin America: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 87: Brazil: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 88: Brazil: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 89: Mexico: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 90: Mexico: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 91: Others: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 92: Others: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 93: Middle East and Africa: Artificial Intelligence in Healthcare Market: Sales Value (in Million US$), 2014 & 2019
Figure 94: Middle East and Africa: Artificial Intelligence in Healthcare Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 95: Global: Artificial Intelligence in Healthcare Industry: SWOT Analysis
Figure 96: Global: Artificial Intelligence in Healthcare Industry: Value Chain Analysis
Figure 97: Global: Artificial Intelligence in Healthcare Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Artificial Intelligence in Healthcare Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Artificial Intelligence in Healthcare Market Forecast: Breakup by Offering (in Million US$), 2020-2025
Table 3: Global: Artificial Intelligence in Healthcare Market Forecast: Breakup by Technology (in Million US$), 2020-2025
Table 4: Global: Artificial Intelligence in Healthcare Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Artificial Intelligence in Healthcare Market Forecast: Breakup by End-User (in Million US$), 2020-2025
Table 6: Global: Artificial Intelligence in Healthcare Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Artificial Intelligence in Healthcare Market Structure
Table 8: Global: Artificial Intelligence in Healthcare Market: Key Players