United Kingdom AI in healthcare market is expected to register robust growth in the forecast period, 2023-2027. AI is also referred as machine intelligence. AI in healthcare involves with the resolution of the complex factors with the aid of algorithms and by the analysis of medical data. Artificial intelligence is widely utilized within the healthcare industry to research the connection between treatment techniques and patient outcomes. AI in healthcare has several applications in medication management, treatment plans, and drug discovery. It is also used in medical practices including diagnostic processes, personalized medicines, drug development, and patient monitoring care. Underlying reasons for wastage of healthcare expenditure such as preventable and rectifiable system inefficiencies including care delivery failures, over-treatment, and improper care delivery. To deal with this, technologies like Artificial Intelligence (AI) can aid in minimizing such inefficiencies and minimize errors, ensuring substantially more stream-lined and cost-effective health ecosystems.
Increase in Prevalence of Chronic Disorders Augments the Market Growth
The growing number of cases of Chronic as well as acute ailments across the country due to the several internal and external factors is one of the primary reasons for the propelling the growth of the market. With this, the increasing patient pool across United Kingdom drives the growth of the AI in healthcare market.
Rise in R & D Activities is Expected to Boost the Market Growth
Extensive expenditure for research and development proficiencies pertaining to the healthcare tools and equipment is offering lucrative opportunities to the leading market players. Research and development proficiencies have further resulted into the advancements in the medical technology which has enhanced the quality of healthcare services. This, in turn, is projected to support the market growth.
High Investments on Healthcare Infrastructure Accelerates the Market Growth
The expand in the funding by the government authorities is primarily driving the market growth. With this, the significant growth of the healthcare sector on account of the public as well as private leading market players will offer lucrative opportunities to the personal healthcare devices market.
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Market Segmentation
The United Kingdom AI in healthcare market is segmented into offering, technology, application, end- user, regional distribution, and competitive landscape. Based on offering, the market is divided into hardware, software, services. Based on technology, the market is segmented into machine learning, NLP, context-aware computing, computer vision. Based on application, the market is segmented into robot-assisted surgery, virtual nursing assistant, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, preliminary diagnosis, and others. Based on end user, the market is divided into
Market Players
Intel Corporation, Microsoft Corporation, IBM Corporation, Siemens Healthineers, Nvidia Corporation, General Electric Company, Medtronic, Micron Technology, Amazon Web Services, Johnson & Johnson are the key market players operating in United Kingdom AI in healthcare market.
Attribute | Details |
Base Year | 2021 |
Historic Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · Drug Type · Product Type · Application · Distribution Channel |
Regional scope | London, Southeast, East Anglia, Scotland, Southwest, East Midlands, Yorkshire & Humberside, Rest of United Kingdom |
Key companies profiled | Intel Corporation, Microsoft Corporation, IBM Corporation, Siemens Healthineers, Nvidia Corporation, General Electric Company, Medtronic, Micron Technology, Amazon Web Services, Johnson & Johnson |
Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |