Artificial Intelligence In Healthcare Market Report
The report on the global Artificial Intelligence in Healthcare Market is segmented By Component (Hardware, Software, Service), Technology (Machine Learning, Natural Language Processing, Computer Vision, Context-Aware Processing), Application (Robot-Assisted Surgery, Virtual Assistants, Connected machines, Diagnosis, Clinical trials, Others), End-User (Healthcare Providers, Pharmaceutical & Biotechnology Companies, Patients, Healthcare Payers) and Region. It also covers the COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Artificial Intelligence in the Healthcare market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the global Artificial Intelligence in Healthcare Market is segmented By Component (Hardware, Software, Service), Technology (Machine Learning, Natural Language Processing, Computer Vision, Context-Aware Processing), Application...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Artificial Intelligence in Healthcare Market is expected to grow from USD 4.5 billion in 2020 to USD 36.7 billion by 2026 at a CAGR of over 42.6% during the forecast period.
Figure: Global Artificial Intelligence in Healthcare Market Size, 2020-2026 (USD Billion)
Wish to get a free sample? Register Here
Artificial intelligence can be defined as a simulation of human intelligence in machines to perform the actions of human beings and think like humans. It involves various types of technologies including machine learning, natural language processing, computer vision, and context-aware processing.
Key players operating in the global Artificial Intelligence in Healthcare Market are-
Rising venture capital investments to promote the development of AI-based tool is likely to drive the market growth.
Based on application, the market has been segmented into robot assisted surgery, virtual assistants, connected machines, diagnosis, clinical trials and others.
Geographically, the market in North America accounted for the largest market share in 2020 and is expected to continue its dominance over the forecast period owing increasing adoption of technologically advanced healthcare solution and increasing investment in R&D activities in healthcare sector.
The market in Asia-Pacific region is projected to register fastest growth during the review period on account of increasing investment of development of advanced healthcare infrastructure and government support to promote usage of AL based tools in healthcare sector.
Want to know the full scope of the report? Register Here
The covid-19 outbreak impacted the growth of artificial intelligence in the healthcare market positively as there was a shortage of skilled workers in some healthcare organizations and it helped provide virtual assistance to the patients and also healthcare professionals in surgeries.
The following is a list of the customers that the Artificial intelligence in healthcare market aims to convert the most:
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The artificial intelligence in healthcare market is expected to grow at an impressive CAGR of 42.6% in the foreseeable future.
Microsoft Corporation (The U.S), Nuance Communications, Inc. (The U.S), IBM Corporation (The U.S), NVIDIA Corporation (The U.S), Intel Corporation (The U.S), DeepMind Technologies Limited (UK), General Electric Company (The U.S), Google LLC (The U.S), Siemens Healthineers AG (Germany), Micron Technology, Inc. (US), Koninklijke Philips N.V. (Netherlands) and General Vision, Inc. (US) are among the key players in the artificial intelligence in healthcare market.
The artificial intelligence in healthcare market size is expected to reach USD 36.7 billion in the coming years.
North America accounted for the largest market share in 2020 and is expected to continue its dominance over the forecast period.
Asia-Pacific region is expected to register fastest growth in the artificial intelligence in healthcare market in the coming five years.
Artificial intelligence in healthcare manufacturers, Artificial intelligence in healthcare suppliers, Artificial intelligence in healthcare distributors, Organizations, Government bodies are the target audience in the artificial intelligence in healthcare market.
Rising venture capital investments to promote the development of AI-based tool, increasing usage of big data analytics in healthcare, increasing collaborations by the market players with hospitals, growing adoption of AI in hospitals to provide improves healthcare services are the factors driving the growth of artificial intelligence in healthcare market.