AI in Healthcare Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Offering (Software v/s Hardware), By Technology (Machine Learning, Computer Vision, Natural Language Processing, Context-Aware Computing), By Application (Medical Imaging & Diagnostics, Robotic Surgeries, Drug Discovery, Inpatient Care & Hospital Management, Patient Data & Risk Analysi
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAI in Healthcare Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Offering (Software v/s Hardware), By Technology (Machine Learning, Computer Vision, Natural Language Processing, Context-Aware Computing), By Application (Medical Imaging & Diagnostics, Robotic Surgeries, Drug Discovery, Inpatient Care & Hospital Management, Patient Data & Risk Analysi
genomics
Sudden Outbreak & Spread of COVID-19 Driving Market Growth
CT scans
Healthcare Innovation by Administering Health Benefits Supporting Market Growth
Insurers and providers seek ways to improve their administrative operations as the population ages and the frequency of chronic illness rises. Insurers and providers increasingly rely on computerized systems to assess patients and define their level of treatment by applying Artificial intelligence/Machine Learning-driven algorithms. It is anticipated that the use of artificial intelligence/machine learning in a variety of administrative tasks, including patient intake, diagnosis, and billing, will significantly reduce insurers' and providers' long-term costs. There's also a chance that AI/ML-driven algorithms will help personalize care by removing bias and favoritism from decision-making, driving the global AI in healthcare market.
Increase in Patient Volume & Complexities Associated with Data Supports Market Growth
In the healthcare industry, there is a wealth of data from clinical activities, medical images, and hospital records. Data drives AI. The complexity of diseases has increased, necessitating various technologies to give better patient care solutions. This is how healthcare may become more proactive and provide information about treatment options. Healthcare is improving, allowing people to live better and longer lives. Nonetheless, these solutions are in high demand worldwide, making it difficult for life science enterprises to meet demand without increasing their costs. AI has the potential to make healthcare more efficient and patient-centered by allowing it to interact with large amounts of medical data. Hence, driving the growth of the global AI in healthcare market.
Shortage of Healthcare Professionals Supporting Market Growth of AI in Healthcare Market
AI identified gaps in healthcare services, as there is a high demand for improved treatments for a variety of ailments, and the operating workforce in the healthcare system is getting smaller. Some executive-level jobs, like record-keeping and assisting in patient engagement, can be replaced by AI. Artificial intelligence has the potential to make processes more efficient and less expensive. According to a report, there will be a high demand for complicated and advanced medical solutions due to rise in geriatric population. Because of the shortage of operational personnel, implementing AI and its applications will enhance the AI in healthcare market.
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Market Segmentation
Company Profiles
Alphabet Inc, Microsoft Corporation, Intel Corporation, NVDIA Corporation, Medtronic Plc, Koninklijke Philips NV, Siemens Healthineers AG, General Electric Company, Micron Technology Inc,
| Attribute | Details |
| Market size value in 2021 | USD8231.36 Million |
| Revenue Forecast in 2027 | USD25121.10 Million |
| United States Market Size Value in 2021 | USD 2419.96 Million |
| Growth Rate | 21.56% |
| Base Year | 2021 |
| Historical Years | 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 | · Offering · Technology · Application · End User |
| Regional Scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; United Kingdom; Germany; France; Italy; Spain; Netherlands; China; Japan; India; South Korea; Australia; Indonesia; Brazil; Argentina; Colombia; Chile; Israel, South Africa; Saudi Arabia; Turkey; UAE; |
| Key Companies Profiled | Alphabet Inc, Microsoft Corporation, Intel Corporation, NVDIA Corporation, Medtronic Plc, Koninklijke Philips NV, Siemens Healthineers AG, General Electric Company, Micron Technology, Inc., Amazon Web Services Inc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, 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/pdf format on special request) |
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