Artificial Intelligence in Healthcare Market is Growing at USD 175.22 billion, With Industry Analysis, Size, Growth, Trends and Forecast by 2029
PUNE, MAHARASHTRA, INDIA, December 21, 2022 /EINPresswire.com/ — The wide ranging Artificial Intelligence in Healthcare market document comes out as an influential tool that players can use to prepare themselves for securing a lion’s share of the global Artificial Intelligence in Healthcare market. This market report can be used by market players to learn about the competitive landscape and the level of competition in the global market. This market report includes a comprehensive evaluation of the market’s growth prospects and restrictions. All this information is supplied in such a way that it properly gives explanation of various facts and figures to the business. The market analysis and competitor analysis helps the firm in determining the range in terms of sizes, colours, designs, and prices, etc. within which its products are to be offered to the consumers.
The widespread Artificial Intelligence in Healthcare market report brings into focus a wide-ranging evaluation of the market’s growth prospects and restrictions. This market research report has several benefits which can be projected to across-the-board aspects of Healthcare industry. In addition, market share analysis as well as key trend analysis is the main accomplishing factors in this market report. All of these industry insights of global market research report will lead to actionable ideas and better decision-making. With this report, it becomes uncomplicated to collect industry information more quickly. According to Artificial Intelligence in Healthcare business report, the market is expected to grow across various geographic regions.
Data Bridge Market Research analyses that the artificial intelligence in healthcare market is expected to undergo a CAGR of 51.37% during the forecast period of 2022-2029. This indicates that the market value, which was USD 6.35 billion in 2021, would rocket up to USD 175.22 billion by 2029. “Patients” dominates the end user segment of the artificial intelligence in healthcare market owing to the increasing product launches, availability of the larger patient pool, high resource availability, high penetration of high speed internet and advancements in healthcare technologies. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Artificial intelligence in healthcare deals with patient management systems, scheduling and using algorithms to approximate human cognition and analyze relationships between prevention or treatment techniques and outcomes related to patients.
The rise in the prevalence of disorders
Surging prevalence of chronic and acute disorders and diseases all around the globe owing to various internal and external factors is one of the major factors responsible for fostering growth of the market. Rising patient pool especially in the developing economies is carving the way for the growth of the market.
Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies have led to the advancements in the medical technology and have improved the quality of healthcare facilities.
Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the growth of the market. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative personal health devices market growth opportunities.
Additionally, surge in the personal disposable income level, introduction of technologically driven product in hospitals and increasing investment for the development of advanced, growing demand for robotically assisted surgeries, rising adoption of minimally invasive devices and innovative technology, positively affect the market growth rate.
Furthermore, upsurge in the public-private funding for target research activities, increasing need for improvised healthcare services owing to imbalance between health workforce and patients and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, surging number of strategic collaborations, rising internet penetration rate, growing number of hospitals and laboratories, rising geriatric population base, rising number of cross-industry partnerships and collaborations and increasing per capita expenditure on health care will further expand the market’s growth rate in the future.
In January 2019, Dartford and Gravesham NHS Trust in the United Kingdom came up with an AI-powered wearable technology for patient monitoring when they are discharged from the hospitals.
In October 2019, care.ai and NVIDIA announced a collaboration to provide an artificial intelligence-powered autonomous patient monitoring in healthcare leveraging NVIDIA’S platform.
In March 2020, care.ai formed a partnership with the Texas Hospital Association (THA) for creating statewide adoption of AI for autonomous monitoring.
Artificial Intelligence in Healthcare Market Regional Analysis/Insights
The artificial intelligence in healthcare market is analysed and market size insights and trends are provided by country, offering, technology, application and end user as referenced above.
The countries covered in the artificial intelligence in healthcare market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the artificial intelligence in healthcare market because of the strong base of healthcare facilities, rising investment from key players in the growth of the advanced devices, high adoption rate of minimally invasive procedures, availability of reimbursements, rising geriatric population, high healthcare spending combined with the onset of Covid-19 pandemic and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, ever-rising geriatric population base and the growing demand for quality healthcare in the region.
The artificial intelligence in healthcare market is segmented on the basis of offering, technology, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Based on offering, the artificial intelligence in healthcare market is segmented into hardware, software and services. Hardware has further been segmented into processor, memory and network. Processor is further sub-segmented into memory processing unit, graphical processing unit, field programmable gate array and ASIC. Software has further been segmented into AI solutions and AI platform. AI solutions are further sub-segmented into on-premises and cloud. AI platform are further sub-segmented into machine learning framework and application program interface (API). Services have further been segmented into deployment and integration and support and maintenance.
Natural Language Processing
Context- Aware Computing
On the basis of technology, the artificial intelligence in healthcare market is segmented into machine learning, natural language processing, context- aware computing and computer vision. Machine learning is further been segmented into deep learning, supervised learning, reinforcement learning, unsupervised learning and others.
Administrative Workflow Assistants
Dosage Error Reduction
On the basis of application, the artificial intelligence in healthcare market is segmented into robot-assisted surgery, virtual assistants, administrative workflow assistants, connected machines, diagnosis, clinical trials, fraud detection, cyber security and dosage error reduction.
Pharmaceuticals and Biotechnology Companies
The end user segment of artificial intelligence in healthcare market is segmented into patients, pharmaceuticals and biotechnology companies, healthcare payers and others.
Competitive Landscape and Artificial Intelligence in Healthcare Market Share Analysis
Some of the major players operating in the artificial intelligence in healthcare market are NVIDIA Corporation (US), Intel Corporation (US), IBM (US), Google LLC (US), Microsoft (US), General Vision Inc. (US), Johnson & Johnson Services, Inc. (US), Siemens Healthcare GmbH (Germany), Medtronic (Ireland), CloudMedx Inc. (US), Agfa-Gevaert Group (Belgium), Oncora Medical (US), Imagia Cybernetics Inc. (Canada), Micron Technology, Inc. (US), DeepMind Technologies Limited (UK), Welcome AI (US), Koninklijke Philips N.V. (Netherlands), GENERAL ELECTRIC COMPANY (US), Precision Health AI (US), and Cloud Pharmaceuticals, Inc., (US) among others.
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Major Highlights of TOC: Artificial Intelligence in Healthcare Market
1 Artificial Intelligence in Healthcare Market Overview
2 Artificial Intelligence in Healthcare Market Competitions by Manufacturers
3 Artificial Intelligence in Healthcare Capacity, Production, Revenue (Value) by Region (2022-2029
4 Artificial Intelligence in Healthcare Supply (Production), Consumption, Export, Import by Region (2022-2029)
5 Artificial Intelligence in Healthcare Production, Revenue (Value), Price Trend by Type
6 Artificial Intelligence in Healthcare Market Analysis by Application
7 Artificial Intelligence in Healthcare Manufacturers Profiles/Analysis
8 Artificial Intelligence in Healthcare Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Artificial Intelligence in Healthcare Market Forecast (2022-2029)
13 Research Findings and Conclusion
Key questions answered in the report:
What will the market growth rate of Artificial Intelligence in Healthcare market in 2029?
What are the key factors driving the Artificial Intelligence in Healthcare market?
What are sales, revenue, and price analysis of top manufacturers of Artificial Intelligence in Healthcare market?
Who are the distributors, traders and dealers of Artificial Intelligence in Healthcare market?
Who are the key manufacturers in Artificial Intelligence in Healthcare market space?
What are the Artificial Intelligence in Healthcare market opportunities and threats faced by the vendors in the Artificial Intelligence in Healthcare market?
What are sales, revenue, and price analysis by types and applications of Artificial Intelligence in Healthcare market?
What are sales, revenue, and price analysis by regions of Artificial Intelligence in Healthcare market?
What are the market opportunities, market risk and market overview of the Artificial Intelligence in Healthcare market?
Report contents include
1 Analysis of the Artificial Intelligence in Healthcare market including revenues, future growth, market outlook
2 Historical data and forecast
3 Regional analysis including growth estimates
4 Analyses the end user markets including growth estimates
5 Profiles on Artificial Intelligence in Healthcare including products, sales/revenues, and market position
6 Artificial Intelligence in Healthcare market structure, market drivers and restraints
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