Global Artificial Intelligence in Healthcare Market Size, Trends & Growth Opportunity, By product , By Application ,Region and forecast till 2027
Report ID : QR1001244 | Industries : Healthcare | Published On :October 2021 | Page Count : 241Global Artificial Intelligence in Healthcare Market
Artificial intelligence is used within the healthcare sector to research the connection between treatment techniques and patient outcomes. AI in healthcare has various applications in medication management, treatment plans, and drug discovery. It is used in medical practices such as diagnostic processes, personalized medicines, drug development, and patient monitoring care.
Artificial intelligence helps medical professionals to retrieve information, interpret images, and plan therapy during medical procedures. It also eases the burden on healthcare workers. Government and private companies are focusing on incorporating artificial intelligence in research activities currently, to accelerate developments related to COVID-19 vaccines.
Market Drivers
The growth of the artificial intelligence healthcare market is majorly driven by increase in volume of healthcare data and rise in complexities of datasets driving the necessity for AI in healthcare in the market. In addition, improvements in the computing power and decline in hardware costs, surge in number of cross-industry partnerships, collaborations, and rise in imbalance between the health workforce and patients drive the necessity for improvised healthcare services.
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Market Restraints
However, the disinclination amongst medical practitioners to adopt AI-based technologies as well as dearth of skilled AI workforce and indistinct regulatory guidelines for medical software will curb the growth of the artificial intelligence in healthcare market, whereas the lack of curated healthcare data and growing concerns regarding data privacy have the potential to challenge the growth of the artificial intelligence in healthcare market.
Market Segmentation
Globally market is segmented into component outlook and application outlook. Component outlook is classified into hardware and software. By component, the software considered to be a dominance segment for the AI market. Major factor which drives this segment in the AI market is the rise in the adoption of AI software solutions among healthcare payers and providers. Hardware segment is accounted for the smaller share in the market. Whereas application outlook is classified into Robot-assisted Surgery and Clinical Trial. Based on application, the clinical trials segment dominated the AI in healthcare market and accounted for the largest revenue share In addition, robot-assisted surgeries were the most promising segment in the market for AI in healthcare as of 2020. This is due to the fact that surgical robot manufacturers are entering into multiple strategic partnerships with data analytics companies and artificial intelligence technology providers.
Regional Analysis
Globally, Artificial Intelligence in Healthcare market can be classified into North America, Europe, Asia Pacific (APAC), Middle East and Africa, China and Latin America. North America was the biggest stockholder within the computing in attention market in 2020, thanks to its well-established attention infrastructure, and substantiative government laws for product kind commercialisation square measure the key factors driving the expansion of AI in attention market. However, Asia-Pacific is anticipated to register the best CAGR of forty four.5% throughout the forecast amount, thanks to rise in adoption of attention IT solutions, increase in funding for the event of AI capabilities.
Key Players
The global Artificial Intelligence In Healthcare market is operated by few of the companies which includes NVIDIA Corporation, Intel Corporation, IBM, Google LLC, Microsoft, General Vision Inc., GENERAL ELECTRIC COMPANY, Johnson & Johnson Services, Inc., Siemens Healthcare Private Limited, Medtronic, CloudMedx Inc., Agfa-Gevaert Group, Oncora Medical, Imagia Cybernetics Inc., Micron Technology, Inc., DeepMind Technologies Limited, Welcome AI, Koninklijke Philips N.V., Precision Health AI, and Cloud Pharmaceuticals, Inc
Industry development
In Apr 2020, the Bolton NHS Foundation Trust (U.K.) partnered with Qure.ai (India), a health care AI startup for observance COVID-19 patients. The startup has developed qXR answer that may be a diagnostic software system accustomed sight the findings that area unit indicative of COVID-19 and additionally helps within the quantifying the degree of the infection.
Global Artificial Intelligence In Healthcare Market Segmentation
Component Segment
- Hardware
- Software
Application Segment
- Robot-assisted Surgery
- Clinical Trial
By region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report?
- Q1. What is the total market value of AI in healthcare market report?
- Q2. What would be forecast period in the market report?
- Q3. What is the market value of AI in healthcare market in 2030?
Global Artificial Intelligence In Healthcare Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Artificial Intelligence In Healthcare Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
5 Global Artificial Intelligence In Healthcare Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Artificial Intelligence In Healthcare Market Share Analysis, By Component
5.3 Global Artificial Intelligence In Healthcare Market Size and Forecast, By Component
5.3.1. Hardware
5.3.2. Software
6 Global Artificial Intelligence In Healthcare Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Artificial Intelligence In Healthcare Market Share Analysis, By Application
6.3 Global Artificial Intelligence In Healthcare Market Size and Forecast, By Application
6.3.1 Robot-assisted Surgery
6.3.2 Clinical Trial
7. Global Artificial Intelligence In Healthcare Market, By Region
7.1 Global Artificial Intelligence In Healthcare Market Share Analysis, By region
7.2 Global Artificial Intelligence In Healthcare Market Share Analysis, By Region
7.3 Global Artificial Intelligence In Healthcare Market Size and Forecast, By Region
8. North America Artificial Intelligence In Healthcare Market Analysis and Forecast (2021- 2027)
8.1 Introduction Market Share Analysis, By Region
8.2 North America Artificial Intelligence In Healthcare Market Share Analysis, By Component
8.3 North America Artificial Intelligence In Healthcare Market Size and Forecast, By Application
9.5 North America Artificial Intelligence In Healthcare Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9. Europe Artificial Intelligence In Healthcare Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Artificial Intelligence In Healthcare Market Share Analysis, By Component
9.3 Europe Artificial Intelligence In Healthcare Market Size and Forecast, By Application
9.5 Europe Artificial Intelligence In Healthcare Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10. Asia Pacific Artificial Intelligence In Healthcare Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Artificial Intelligence In Healthcare Market Share Analysis, By Component
10.3 Asia Pacific Artificial Intelligence In Healthcare Market Size and Forecast, By Application
10.5 Asia Pacific Artificial Intelligence In Healthcare Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11. Latin America Artificial Intelligence In Healthcare Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Artificial Intelligence In Healthcare Market Share Analysis, By Component
11.3 Latin America Artificial Intelligence In Healthcare Market Size and Forecast, By Application
11.5 Latin America Artificial Intelligence In Healthcare Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12. Middle East Artificial Intelligence In Healthcare Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Artificial Intelligence In Healthcare Market Share Analysis, By Component
12.3 Middle East Artificial Intelligence In Healthcare Market Size and Forecast, By Application
12.5 Middle East Artificial Intelligence In Healthcare Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
12.5.4 Kuwait
12.5.5. South Africa
13 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
14 Company Profiles
14.1 NVIDIA Corporation
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Intel Corporation
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. IBM
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Google LLC
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Microsoft
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 General Vision Inc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 GENERAL ELECTRIC COMPANY
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Johnson & Johnson Services, Inc
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Siemens Healthcare Private Limited
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Medtronic
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies