Global Artificial Intelligence (AI) Healthcare Market : Global Industry Analysis and Forecast (2018-2026)
Global Artificial Intelligence (AI) Healthcare Market was valued US$ 700 Mn in 2017 and expected to reach US$ 25000 Mn in 2026, at CAGR of 56.35% during forecast period.
AI is an intelligent system that applies various human intelligence based functions like reasoning, learning, and problem-solving skills on different disciplines such as biology, computer science, mathematics, linguistics, psychology, and engineering. AI is extensively applicable in medication management, treatment plans, and drug discovery.
Global AI in healthcare market is primarily driven by growing investment by the private firms. According to the World Economic Forum, in the year 2016, around 200 artificial Intelligence based companies collectively invested in AI. Also, advancements in IT and big data capabilities along with the surging healthcare expenditure is fuelling the market.
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With increase in adoption of Artificial Intelligence (AI) in Healthcare, newer challenges have been introduced in the market. Complications in maintaining the data security, slow adoption of AI-Based technologies, and uncertain regulatory guidelines for medical software are some major issues that are extremely pulling back the Artificial Intelligence (AI) in Healthcare market.
Health information exchange (HIE) and interoperability solutions will be in high demand, as will supply chain management, workforce management, fraud detection, and consumer relationship management tools. These systems will combine to streamline administrative tasks that are currently completed manually, and may help organizations proactively identify opportunities for improvement that have a tendency to be hidden within the absolute complexity of big data sets.
Cloud-based solutions accounted for the largest segment of the software and service market in 2017, and are likely to continue to grow in popularity as organizations pursue immediate, low-cost options for deploying and maintaining health IT systems.
Geographically, AI in healthcare market is divided into North America, Europe, Asia-Pacific, and Latin America. North America accounted for the largest market share in the AI in healthcare market in 2016, and is expected to continue during forecast period.
Key players operated in market includes Shimadzu Recursion Pharmaceuticals, Inc., Siemens Healthineers, General Electric (GE) Company, Koninklijke Philips N.V., Cloudmedx, Inc., Bay Labs, Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Inc., Enlitic, Inc., Next IT Corporation, and iCarbonX., Deep Genomics Inc., Enlitic Inc., International Business Machines Corporation (IBM), Oncore Medical Inc., Recursion Pharmaceuticals Inc., Stryker Corporation.
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Scope of Global Artificial Intelligence Healthcare Market:
Global Artificial Intelligence Healthcare Market by Offering:
• Hardware
• Software
• Service
Global Artificial Intelligence Healthcare Market by Technology:
• Deep Learning
• Querying Method
• Natural Language Processing
• Context Aware Processing
Global Artificial Intelligence Healthcare Market by Application:
• Robot-assisted Surgery
• Virtual Nursing Assistant
• Administrative Workflow Assistance
• Fraud Detection
• Dosage Error Reduction
• Clinical Trial Participant Identifier
• Preliminary Diagnosis
• Others
Global Artificial Intelligence Healthcare Market by End-User:
• Healthcare Provider
• Pharmaceutical & Biotechnology Company
• Patient
• Payer
Global Artificial Intelligence Healthcare Market Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa
Key Players Operated in Global Artificial Intelligence Healthcare Market Includes:
• Shimadzu Recursion Pharmaceuticals, Inc.
• Siemens Healthineers
• General Electric (GE) Company
• Koninklijke Philips N.V.
• Cloudmedx, Inc.
• Bay Labs
• Welltok, Inc.
• Intel Corporation
• Nvidia Corporation
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MAJOR TOC OF THE REPORT
Chapter One: Artificial Intelligence Healthcare Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Artificial Intelligence Healthcare Market Competition, by Players
Chapter Four: Global Artificial Intelligence Healthcare Market Size by Regions
Chapter Five: North America Artificial Intelligence Healthcare Revenue by Countries
Chapter Six: Europe Artificial Intelligence Healthcare Revenue by Countries
Chapter Seven: Asia-Pacific Artificial Intelligence Healthcare Revenue by Countries
Chapter Eight: South America Artificial Intelligence Healthcare Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Artificial Intelligence Healthcare by Countries
Chapter Ten: Global Artificial Intelligence Healthcare Market Segment by Type
Chapter Eleven: Global Artificial Intelligence Healthcare Market Segment by Application
Chapter Twelve: Global Artificial Intelligence Healthcare Market Size Forecast (2019-2026)
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